redking75
Long

My $1k to $100k Challenge: Day 67 - Trade #58 AION

BINANCE:AIONBTC   AION / Bitcoin
Hello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 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.
Current streak of 7 out of 10 profitable trades in a row.

After 62 days and 56 completed trades:
Wins: 27
Loss: 29
Balance: 0.1869 B
USD: $ 1201
*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 67 trade #58
I invested 0.08 B into AION. I bought 1195.81 @ 6690 satoshi
My Sell targets are:
T1: 7030 5% potential profit
T2: 7370 10% potential profit
T3: 7700 15% potential profit
I will sell 50% at target 1. 25% at target 2 and 3.
If target 1 is hit, I will move my SL up to my buy in price.
If target 2 is hit, I will move my SL up to T1.
SL: 6520 -2.5%

So my next Challenge play is a Magic bot buy signal on AION. Magic bot is an indicator I have just completed and back tested.
Magic bot previous buy signal results on AION for this year:
8 wins
3 loss
73% win rate

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!
Comment: Target 1 reached. I sold 598 AION @ 7030 satoshi and moved my SL up to my original buy in price, 6690.
Trade active: After ONT hit t1 there was a small pullback. It looks like the pullback is over and momentum is building again.
Comment: Edit: AION, not ONT
Sorry
fisrt target is done
Reply
Look how much better you're doing now by increasing your RR! Isn't this the highest you've ever gotten? Would love a response or shout out though... haven't seen you reply to any of my comments yet even after I gave you a very detailed trade review
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redking75 TradeCalmly
@TradeCalmly, Hi, I started the challenge off strong, then went on a bad losing streak. Along the way I have been using different strategies and stop loss. If you look back a few weeks, during my losing streak, I was using -2.5% SL, but many trades where hitting my SL, then bouncing back up soon after. So, I increased my SL trying to snap the losing streak.
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@redking75, well that was a silly idea to ever trade less than 1 RR. It really showed when you ended up being in the same spot on day 56 as you were on day 2
Reply
redking75 TradeCalmly
@TradeCalmly, Depends on your strategy and win rate. I have a Base play bot that I use a 1:1 RR, win rate is 68.71% win rate and up +2030% cumulative profits this year. All documented.
Reply
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