redking75

My $1k to $100k Challenge: Day 44 - Trade #47 GNT

Long
redking75 Updated   
BINANCE:GNTBTC   None
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.

After 44 days and 44 completed trades:
Wins: 20
Loss: 25
Balance: 0.1541 B
USD: $ 1034
*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 44 trade #46
I invested 0.072 B into GNT. I bought 3171 @ 2270 satoshi
My Sell targets are:
T1: 2384 5%
T2: 2498 10%
T3: 2611 15%
I will sell 33% at each target. After a target is hit, that will become my new SL.
SL: 2100

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:
GNT made a run for T1, small pullback. This trade still looks good overall.
Comment:
GNT is on the move. T1 was briefly touched, not enough for my sell order.
When did TV get rid of pasting charts in comments??
Trade active:
Target 1 reached +5%
Comment:
I moved my stop loss up to by original buy price, 2270.
Comment:
Target 2: 2498 reached. Moved my stop loss up to 2384.
Trade closed: target reached:
After target 2 was reached, my new stop loss was hit at 2384.
My trade sells:
1057 @ 2384
1057 @ 2498
1057 @2384
Total profit 6.6%
Trade closed.

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