redking75
Long

My $1k to $100k Challenge - Day 24 Trade #37 - ADA

BINANCE:ADABTC   Cardano / Bitcoin
Hello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.

After 23 days and 35 completed trades:
Wins: 15
Loss: 20
Balance: 0.1572 B
USD: $ 1093
*Some trades may be pending and not yet included in my stats

There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.

CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.

Alright, here we go with Day 24 trade #37
I invested 0.0792 B into ADA . I bought 4214 @ 1870 satoshi
My Sell target is: 2057 for 10% profit
My Stop loss: 1776 (-5%)

After hitting 2600 on July 18th, ADA has been in a downtrend since. Last Thursday ADA made a new year low at 1685, the very next day ADA finally brokeout of the descending wedge .

In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.

Your comments, agrees and disagrees are always welcome and appreciated.

Thanks for stopping by and have a great day!
Trade active:
Trade closed: stop reached

Comments

u entered on its peak ....on tht peak level i shorted ada on bitmex ...now in huge profit
+1 Reply
I am gonna joinning you at this one. Good luck to us :D
+1 Reply
BilimNehri BilimNehri
@BilimNehri, 30 btc sell order is annoying
Reply
how will you go to 100000 Dollars . Is it all Ada that will make you huge win with just 1000 Dollars .
Good Luck Brou.
Reply
Good luck there. note that the next 5 weeks may be the last alt season for this year... just a hunch. May want to find a few high risk alts and let them ripe a bit longer
Reply
My BRUTHA! You need a win. Rooting for you.
Reply
lets get it!
Reply
@redking75 Good analysis overall, but I think that you could have bought earlier, on the first breakout candle.
What do you think?
- http://www.bitbotly.com
Reply
I'm in since 1820 however will most likely hold till announcenment. Buy the rumour sell the news type thing. Looking for at least low to mid 2k sats.
Reply
redking. how about you stop making trades on breakouts but rather on breakdowns. oncr breakouy occurs ive seen from experience thrres much higher chance of coin dumping aftet that than pumping. specially now when btcs dropping
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out