Crypto Ten Thousand to One Million Challenge

I have given myself a challenge. Can I turn $10,000.00 into $1,000,000.00 trading crypto's with my trading method?

I am going to use my top 20 crypto's watch list -

EOS, OmiseGo, NEM, Dash, Monero, Ripple, Iota, Lisk, Cardano, Icon, Bitshares, Siacoin, Neo, Litecoin, Tron, Ethereum Classic, Lumen, Steem, Bitcoin Gold, Bitcoin Cash.

I will try to make this as realistic as possible showing the trades as I go.

No Trades placed yet in this challenge. Starting with $10,000.00.

You might like to follow along out of interest.

Comment:

Patience is the key here. It has taken me 20 years to get to a point where I feel in control of my trading psychology.

You must wait for the retracement. Chasing was one of my biggest downfalls in my early trading days. The other was not understanding risk management. I invented my trading method about 10 years ago to stop me from chasing and to increase my success rate on smaller time frames.

One the weekly charts of my top 20 watch list, I am looking for a retracement to a higher low. Then we should be away with the first trade. It can take some time to play out.

Ideally I would like to see at least a 50% retracement of this recent upleg but you take what you can get. None of the 20 crypto's are in retracement yet.

This current rally has been stronger than I expected.

One thing is for sure, I will take plenty of losses but that is OK as long as I manage risk properly according to my rules.

Stay tuned for updates.

Comment:

Starting to see profit taking now on some of the crypto's that have run too hard. As soon as I get the retracement on some of the 20 crypto's on my watch list I can start the challenge.