redking75
Long

My $1k to $100k Challenge: Day 60 - Trade #55 MFT

BINANCE:MFTBTC   Mainframe / 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 59 days and 52 completed trades:
Wins: 24
Loss: 28
Balance: 0.161 B
USD: $ 1019
*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 60 trade #55
I invested 0.08 B into MFT . I bought 90909 @ 88 satoshi
My Sell targets are:
T1: 96 10% potential profit
T2: 105 20% potential profit
T3: 114 30% 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: 83 -5%

MFT has bullish RSI divergence on the hourly and reversal looks to be in play.

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: MFT is up 5% at 93 satoshi.
Comment: Target 1 was briefly reached, but only 11% of my sell order filled.
Trade closed: target reached: Huge breakout candle, all three targets reached. +30% profit.
your discord link is invalid..
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genius that I am, I sold at 94 sat yesterday. Told myself "15% gains on that trade, pretty nice"... little did I know - and I was watching live while the pump happened, could've sold at 140 easily. SWC
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@PeteMeier, I was on the train earlier today, logged in with last battery, it was on 150sats via binance, then my battery died... nightmare..
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redking75 ZakZeusRobinson
@ZakZeusRobinson, Did you get a sell order in?
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@redking75, just got back and plugged in an hour ago, I will be trading the waves on the 1-5mins now until I sleep, did you see on bittex it reached 330 sats!! you went 50% in on mft right? so you will be up a little now
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redking75 ZakZeusRobinson
@ZakZeusRobinson, Yes, I had .08 BTC in the this trade, profit was 0.0135 BTC
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redking75 pimpmoney
@pimpmoney, You can't be upset at taking profit though. That pump was nuts and pumps like that don't happen all the time.
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good luck and stay patient!
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Good luck with your challenge !
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