redking75

My $1k to $100k Challenge Journey - Day 17 Trade #26 - FUEL

Long
BINANCE:FUELBTC   None
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.

The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 13 completed trades: 9 wins 5 loss

After 16 days and 24 completed trades:
Wins: 14
Loss: 10
Balance: 0.1847 B
USD: $ 1498
*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 17 trade #26
I invested 0.0846 B into FUEL. I bought 22265 for an average cost of @ 378 satoshi
Sell target is: 397 for 5.03% profit
Stop loss: 361

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: 3+ hours into my FUEL trade and up almost 2% profit. RSI is rising, CCI is almost positive and the MACD is almost crossed up.
Trade closed: stop reached:
Comment: This is disturbing to see after my stop loss was hit today

Comments

Nice work and Challenge bro. But the stop loss was 345, not 361. And the best sell target was 405.
Reply
Having a stop loss was the right thing to do. Low volume means stuff like this happens.
Reply
Lol, man that sucks. But that's how to market gets ya
Reply
Sad this one didn't work out.
Reply
could you maybe explain how CCI works or what it indicates? Description tells me nothing much...
Reply
Xzhi Nevermake
@Nevermake, You can use it to predict the start and end of a trend. For example a break above 100 could mean the start of an uptrend. You can check out chartschools which goes into more detail. I dont really find it useful in crypto though.
+1 Reply
i am really enjoying following along with these trades. thank you Redking!
Reply
redking75 backwoodartistry
@backwoodartistry, Thanks for the support!
Reply
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