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. My last couple days trading has been rough, I have lost back some of my profit. There is no need for me to panic, I will keep on working and push forward.
*** I am changing my strategy a bit, I will be using 2 to 1 (profit/loss) risk vs reward. My sell targets will still be 5% but my stop loss will be -2 1/2%.
Last 15 completed trades: 9 wins 7 loss
After 18 days and 26 completed trades:
Wins: 14
Loss: 12
Balance: 0.1762 B
USD: $ 1327
*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 20 trade #29
I invested 0.0766986 B into LOOM. I bought 3659 for an average cost of @ 2096 satoshi (Error on the chart by 1 satoshi)
Sell target is: 2201 for 5.06% profit
Stop loss: 2042 (-2 1/2%)
Going back to my roots on this play with my Base play strategy.
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!
Coins mentioned in post:
Great, thanks for the Resteem!