Long

$1k to $100k Challenge - Day 4 Trade #7- THETA

Updated

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.

Trades this far:

Day 1 BTS: Win +5% profit
Day 2 VIA: Win +5% profit
Day 2 ADA: Adjusted my stop and it was hit. Dead trade slight profit less than 1%
Day 3 EDO: Hit adjusted trade risk free stop 0%
Day 4 LRC: Loss Hit SL -5%
Da4 4 ZIL: Win +5% profit

Started with 0.16 B USD value $1000
Balance now: 0.1759121 B USD value $1295

Alright, here we go with Day 4 trade #7
I invested all of it into THETA bought 8083 @ 2174 satoshi
Sell target is: 2285 for 5% profit
Stop loss: 2065

I have been watching THETA for a few days, momentum was good, slightly slowed down by Bitcoins spike today, but THETA looks ready to run soon.

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

THETA was instantly taking off, ran up to 2220 satoshi, then BTC made a little move up that stalled the action. If you are mirroring my trades, please trade smart and be careful. Don't forget to use the suggested stop loss, this protects your bankroll. The price is not back down below my buyin price. I will keep my eye on BTC, but I think BTC should settle down between 7500-7600 for now.

Note

Good morning all. THETA update. There was a nice little run right after I jumped into this trade, quick spike up 2% and since we have seen a slight pullback. I wish this pullback would have occurred before I entered the trade, but it is what it is. However, I still feel confident in this trade. THETA hasn't seen my stop loss price in over 2 days. The current 4hr candle is trying to reverse momentum back and THETA has yet to respond in a positive way to the recent Bitcoin price rise. I will watch and see how this current 4hr candle unfolds.

Note

The red line on the chart above is the BTC price comparison.

Trade active

THETA pullback is over. The indicators are turning back up and momentum is building again. Hopefully the target is reached soon.

Note

19 hours later and I am still in the red on the THETA trade. I didn't expect this trade to take this long, but nothing is for certain trading altcoins. Over the last few 4hr candles, there have been a couple of price spikes, the second spike bigger than the first, this is a good sign. Also, I have found some hidden bullish divergence on the RSI (white lines on the chart). Patiently waiting for this trade to take off.

Trade closed: stop reached

Stop loss was just hit. I loss 5% of my bankroll. New bankroll balance is 0.16707418 B
$1233 USD

Completed Challenge trade list:
Day 1 BTS: Win +5% profit
Day 2 VIA: Win +5% profit
Day 2 ADA: Adjusted my stop and it was hit. Dead trade slight profit less than 1%
Day 3 EDO: Hit adjusted trade risk free stop 0%
Day 4 LRC: Loss Hit SL -5%
Day 4 ZIL: Win +5% profit
Day 4 THETA: Loss -5%

Thanks for all the support.
Back to the charts to look for trade #8

redking75

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