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. My last couple days of trading has been rough. I have lost back some of my profit I was gaining. There is no need for me to panic, I will keep on working and push forward. Last 14 completed trades: 9 wins 6 loss
After 17 days and 25 completed trades: Wins: 14 Loss: 11 Balance: 0.18 B USD: $ 1465 *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 18 trade #27 I invested 0.09576716 B into IOTA. I bought 798 for an average cost of @ 11979 satoshi Sell target is: 12580 for 5.02% profit Stop loss: 11440 (-4 1/2%)
I had an IOTA trade open recently that ended up hitting my stop loss. The volume is increasing, all the indicators point to reversal, IOTA round #2.
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
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Almost 8 hours into my IOTA trade part 2: Revenge. Volume is increasing and despite BTC dropping IOTA is doing well. Up almost 2% and the trade looks very good at this point.
Trade active
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My IOTA trade is taking longer than I anticipated, but I can't complain. Despite BTC dropping, this didn't affect the slow and steady price climb. IOTA has past the first resistance, one more to go.
Trade closed: stop reached
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I officially hate this coin Trade closed, I hope IOTA goes to a penny
@redking75, I know man...crypto, am I right? Anyways, I've been following your challenge and I am thinking of also doing the same! :)
FaysalElMahmoudi
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lolled out loud, beautiful chart
BilimNehri
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@redking75, oh maann , you are always right about an up trend but 5% is too much in such a short time. Did you consider laddering you sells? If so sorry I missed to read about it
redking75
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@BilimNehri, Yeah, thinking of changing my strategy to using a trailing stop loss after 2% profit, perhaps using 3commas
BilimNehri
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@redking75, good luck mate , by the way YOU are the King , dont worry too much
we are bad luck