redking75
Long

My $1k to $100k Challenge: Day 63 - Trade #57 INS

BINANCE:INSBTC   Insolar / 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 6 out of 10 profitable trades in a row.

After 62 days and 54 completed trades:
Wins: 25
Loss: 29
Balance: 0.1723 B
USD: $ 1126
*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 63 trade #57
I invested 0.09 B into INS. I bought 2272.72 @ 3960 satoshi
My Sell targets are:
T1: 4150 5% potential profit
T2: 4350 10% potential profit
T3: 4550 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: 3850 -2.5%

So my next Challenge play is a Magic bot buy signal on INS. Magic bot is an indicator I have just completed and back tested. INS was a buy signal on the September 13th when there was a volume surge. Volume has been pretty low, but the coin has been stable. There was also Magic buy signal as well on the September 10th that hit stop loss. Looking in the past history, INS has yet to lose back to back buy signals. Back test results on INS for this year are 10 wins 3 loss 77% win rate. I'll take my chances with 77% 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!
Trade active: An hour after opening my INS trade, already seeing a little buying pressure, 407 just touched, halfway home to T1.
Comment: The 24 hour volume is up 25% in the last 12 hours. Sitting at 410 satoshi, up 3.5% since my trade entry.
Comment: Target 1 reached and I sold 50%, 1137 INS at 4150 satoshi.
I have moved my stop loss up to my buy in price, 3960 satoshi.
Trade closed: target reached: All 3 targets reached. Trade closed.
Hmm, your capital is still the same. Do you think it has to do with bitcoin and the altcoins following it? If bitcoin rises, altcoins rise too and same the opposite way so if you keep it inside cryptomarket the whole time then nothing really changes unless you move it out of cryptomarket to gold or fiat.
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for some reason I am having problems with this particular discord link being invalid...all links from this discord..
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can anybody send me a discord invite
please?
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you discord invite is invalid
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@djpigs, I changed the link, let me know if this one works, thanks.
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djpigs redking75
@redking75, not working..
+1 Reply
Nice, good trade. Glad you see you implementing a better RR stop loss
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