My $1k to $100k Challenge: Day 48 - Trade #50 MANA
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 7 profitable trades in a row.
After 47 days and 46 completed trades:
Wins: 23
Loss: 25
Balance: 0.1641 B
USD: $ 1154
*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.
SELL WALL Strategy:
What is a sell wall? Sell walls are essentially created by large blocks of sell orders at a specific price, that are at least 10% of the daily volume of that coin. The wall is created to prevent sell orders from executing at a higher price than the price set for the ‘wall’ and causes downward price pressure on a given cryptocurrency. It is the reason why sometimes a certain coin’s growth is slowed down or stunted in the short term.
What is the Sell Wall strategy?
Wait for the wall to get bought out and passed then enter position on the trade. Through my research, I found that when the price eventually passes this wall, that means a bunch of buying momentum has gone into this coin. Our goal is to ride that wave since the price is no longer being suppressed.
Sell Wall Strategy stats:
Wins: 129
Loss: 25
Win %: 83.77%
Cumulative profit: 776%
Alright, here we go with Day 48 trade #50
I invested 0.08 B into MANA. I bought 7266 @ 1101 satoshi
My Sell targets are:
T1: 1157 5%
SL: 1057
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!
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 7 profitable trades in a row.
After 47 days and 46 completed trades:
Wins: 23
Loss: 25
Balance: 0.1641 B
USD: $ 1154
*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.
SELL WALL Strategy:
What is a sell wall? Sell walls are essentially created by large blocks of sell orders at a specific price, that are at least 10% of the daily volume of that coin. The wall is created to prevent sell orders from executing at a higher price than the price set for the ‘wall’ and causes downward price pressure on a given cryptocurrency. It is the reason why sometimes a certain coin’s growth is slowed down or stunted in the short term.
What is the Sell Wall strategy?
Wait for the wall to get bought out and passed then enter position on the trade. Through my research, I found that when the price eventually passes this wall, that means a bunch of buying momentum has gone into this coin. Our goal is to ride that wave since the price is no longer being suppressed.
Sell Wall Strategy stats:
Wins: 129
Loss: 25
Win %: 83.77%
Cumulative profit: 776%
Alright, here we go with Day 48 trade #50
I invested 0.08 B into MANA. I bought 7266 @ 1101 satoshi
My Sell targets are:
T1: 1157 5%
SL: 1057
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:
The price on Binance is 1113 satoshi.
The sell wall on Bittrex at 1109 is half gone and down to 1.31 BTC.
The sell wall on Bittrex at 1109 is half gone and down to 1.31 BTC.
Trade active:
Sell wall bought up and passed
Trade closed: target reached:
MANA hit my sell target 1157 for 5% profit.
Trade closed.
Trade closed.
