redking75
Long

My $1k to $100k Challenge: Day 70 - Trade #60 BNB

BINANCE:BNBBTC   Binance Coin / 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 5 winning trades in a row.

After 69 days and 58 completed trades:
Wins: 29
Loss: 29
Balance: 0.1914 B
USD: $ 1291
*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 70 trade #60
I invested 0.10 B into BNB. I bought 65.47 @ 152730 satoshi
My Sell targets are:
T1: 160370 5% potential profit
T2: 168020 10% potential profit
T3: 175640 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: 148880 -2.5%

BNB has been very quiet lately. In my opinion, this is a win win trade and here's why:
1) If BTC continues to rise, BNB will rally soon enough.
2) If BTC drops, BNB tends to rally when BTC is dropping.

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.

If you agree, click the agree button.
Your comments are always welcome.

Thanks for stopping by and have a great day!
Trade closed: stop reached
@redking75 , honestly you were right about BNB 5% profit. Just timing was not accurate or if your SL was 14688 then this would be a win.
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BilimNehri BilimNehri
@redking75, now I am wondering about your BNB 10% profit target will hit too
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looks like a loss on this one.
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redking75 FieryOne
@FieryOne, yeps, breaks the winning streak.
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5 wins in a row... man ive been following you and this challenge of yours is a market indicator in itself. Keep up the amazing persistance, hopefully better days ahead.
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so after 70 days your up 200 bucks?
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diegofnu Staticme12
@Staticme12, most people is in the red numbers. I take solace in the fact that ive been building up inventory by laddering on a bear market. But this guy is doing that AND making money at the same time, his BTC numbers ar up almost 25%
Reply
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