$1k to $100k Challenge - Day 16 Trade #23 - DLT
Updated
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.
Last 11 completed trades: 8 wins 3 loss
After 16 days and 21 completed trades:
Wins: 13
Loss: 8
Balance: 0.1889 B
USD: $ 1549
*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 16 trade #23
I invested 0.0889 B into DLT. I bought 8285 @ 1073 satoshi
Sell target is: 1127 for 5% profit
Stop loss: 1022
I will be laddering my sell targets to protect profit.
DLT has 100% correction since last December. There is strong buy support at these price levels. Low volume coin right now, but that's ok with the low risk buying at this price level.
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.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 11 completed trades: 8 wins 3 loss
After 16 days and 21 completed trades:
Wins: 13
Loss: 8
Balance: 0.1889 B
USD: $ 1549
*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 16 trade #23
I invested 0.0889 B into DLT. I bought 8285 @ 1073 satoshi
Sell target is: 1127 for 5% profit
Stop loss: 1022
I will be laddering my sell targets to protect profit.
DLT has 100% correction since last December. There is strong buy support at these price levels. Low volume coin right now, but that's ok with the low risk buying at this price level.
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.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Trade active
There has been resistance at 1100 for the past few hours. That wall was almost gone and now it is 1.8 BTC, which isn't large normally, but on a coin with only 22 btc daily volume this is huge. This is a good sign, this most likely mean someone is trying to accumulate more DLT at a cheap price. Once this wall is bought up, the price should rise. There is also a bull flag developing on the hourly chart.Trade closed: stop reached
DLT hit my stop loss, trade closed
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.