redking75
Long

My $1k to $100k Challenge: Day 68 - Trade #59 ONT

BINANCE:ONTBTC   Ontology / 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 7 out of 10 profitable trades in a row.

After 67 days and 57 completed trades:
Wins: 28
Loss: 29
Balance: 0.1899 B
USD: $ 1226
*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 68 trade #59
I invested 0.10 B into ONT . I bought 358.68 @ 27880 satoshi
My Sell targets are:
T1: 29280 5% potential profit
T2: 30680 10% potential profit
T3: 32070 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: 27060 -2.5%

Clear to see, ONT breaking out of a big downtrend and huge increase in volume .

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 closed: target reached: ONT hit T1
Trade closed: target reached
Comment: So ONT hit T1, I then stated I would move my stop loss up to my original buy in price after T1 has been reached. Unfortunately, my new stop was hit before the breakout that cleared T2 and T3. I was away from my office while this happened, and didn't change my stop loss so I sold at T2 and T3. BUT, for the record books, I will only put this down as selling 1/2 at T1 and the other half at my original buyin price because that is what I stated I was going to do.
Nice challenge :)
Reply
3 targets done
+1 Reply
good call! lets see how high it will go with our trailing profit :)
+1 Reply
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