redking75
Long

My $1k to $100k Challenge: Day 60 - Trade #56 XRP

BINANCE:XRPBTC   XRP / 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 #56
I invested 0.0788 B into XRP. I bought 1844 @ 4272 satoshi
My Sell targets are:
T1: 4486 5% potential profit
T2: 4700 10% potential profit
T3: 4913 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: 4163 -2.5%

XRP has been falling forever now it seems, lol. BUT, there have already been 2 decent small bounces from the 4100 price range in the past few weeks and number 3 bounce seems to be underway. Let's see if I can take advantage of that.

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: There is a 147 BTC buy wall at 4218 satoshi and over the last two 4hr candles we have seen higher lows and higher highs.
Comment: Good buy support and momentum building.
Trade closed: target reached: Huge breakout on XRP, all 3 targets reached, trade closed.
I'll just let you walk only the flower road!!

Reply
Not bad.
Reply
That’s what Iam guessing, too. Let’s see what big poppa BTC will do next
Reply
52 trades with 19$ profit. yikes
Reply
Garrettd1991 InJayWeTrust
@InJayWeTrust,
$19 better than 90% of traders
Reply
InJayWeTrust Garrettd1991
@Garrettd1991, oh come on. There has been plenty of good trades available. He could of done less that 5 swing trades and be over 10k by now
Reply
zvitisir InJayWeTrust
@InJayWeTrust, id love to know how to make 1k to 10k in 5 swing trades in this sort of bear market. Do you offer any signals?
Reply
seriousmar InJayWeTrust
@InJayWeTrust, Most people lost much money in this bear times, but he made profit still. Imagine how he will take profit when market start to get bullish again:)
Reply
biplav32 seriousmar
@seriousmar, He could have shorted instead.
Reply
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