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 9 trades: 7 wins 2 loss
After 12 days and 19 trades: Wins: 12 Loss: 7 Balance: 0.1878 B USD: $ 1551
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 please limit your trades to less than 3-5% of your portfolio. Please trade smart.
Alright, here we go with Day 13 trade #20 I invested 0.10 B into IOTA. I bought 789 @ 12670 satoshi Sell target is: 13303 for 5% profit Stop loss: 12100 I will be laddering my sell targets to protect profit.
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.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Trade active
⋅
Decent volume, bullish flag forming on the hourly.
Trade active
⋅
IOTA update 11th hour. So the bull flag breakout occurred, and it couldn't of come at a worse time. As soon as IOTA broke out, BTC started to dip. Hopefully BTC stabilizes and allows IOTA to regroup and make another run soon.
Comment
⋅
IOTA got back on the horse, halfway home!
Comment
⋅
Good morning. IOTA hit one of my ladder sells at 3 1/2% and has dropped since. Support looks to be found and I will hold this trade til the target or stop loss is hit.
Comment
⋅
IOTA update: The first price jump missed my target by 1 1/2%. There had been a pullback from 13100 but support has been strong around 12400 for the last 2 days. Traders have been accumulating between 12200 and 12600, now I just wait for the next move up, which hopefully hits my target and closes out my trade.
Comment
⋅
One word, slow. After missing my sell target IOTA has retraced. after barely missing my stop loss, looking at the hourly candles you can see rising lows. Trade is still alive and waiting for a breakout from the descending triangle.
@APPLE.hazem, No, I don't, I have my own strategy and trade setups. I am just intrigued as not many top traders on TV are brave enough to post real trades because most of them only know how to talk but does not know how to execute.
apple.hazem
⋅
@Taiwan_Bear, all right , thanks for your answer :D , ye he's really brave , wish him good luck for this challenge.
Just a question , how do i find my own strategy and indicators which i would feel comfortable with ? any hints ?
Taiwan_Bear
⋅
@APPLE.hazem, Well, I am not sure what level/knowledge you have in terms of trading. I would suggest to start with fundamentals like support/resistance, trend (bullish/bearish), momentum, EMA. I see many so-called "professional traders" can't even draw a correct support/resistance level. If you can excel in those fundamentals you are already better than a lot of traders. Trading is not that complex, you do not need to use 50+ indicators to make profits. I know many traders who make profits by using only structures and EMAs.
Two books I would recommend:
1. Technical Analysis of the Financial Markets (John Murphy)
2. Japanese Candlestick Charting Techniques (Steve Nison)
apple.hazem
⋅
@Taiwan_Bear, Thanks man for ur help , i really appreciate it , and i know the basics and fundamentals , support/resistance , trend , but i don't know about EMA or momentum , i'll check out the books too , thanks ^^
redking75
⋅
@Taiwan_Bear, Thanks for the kind words, I appreciate the support.
Can't wait to see the end of your 100k challenge.