Long $1k to $100k Challenge - Day 9 Trade #12 - WABI
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.
***My sell target on the chart above is wrong, it is suppose to be 4995, sorry I didn't have time to fix it***
The first week, I made a few mistakes that cost me. Being greedy never pays off. I won my first trade today and feel like I am getting back on track now.
After 9 days and 11 trades:
Wins: 6
Loss: 5
Balance: 0.1543 B
USD: $ 1172
All my trades and stats for this challenge can be found in the link on my profile.
Alright, here we go with Day 9 trade #12
I invested 0.1536 B into WABI. I bought 3232 @ 4752 satoshi
Sell target is: 4995 for 5.11% profit
Stop loss: 4515
Reasons why I choose WABI:
Heavily oversold the last 3 days.
Price support found.
The MACD is curling up off the floor while the other indicators RSI and CCI are still very low which indicates to me a good opportunity to buy into position with a potential price increase soon.
My sell target is below prior support.
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!
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.
***My sell target on the chart above is wrong, it is suppose to be 4995, sorry I didn't have time to fix it***
The first week, I made a few mistakes that cost me. Being greedy never pays off. I won my first trade today and feel like I am getting back on track now.
After 9 days and 11 trades:
Wins: 6
Loss: 5
Balance: 0.1543 B
USD: $ 1172
All my trades and stats for this challenge can be found in the link on my profile.
Alright, here we go with Day 9 trade #12
I invested 0.1536 B into WABI. I bought 3232 @ 4752 satoshi
Sell target is: 4995 for 5.11% profit
Stop loss: 4515
Reasons why I choose WABI:
Heavily oversold the last 3 days.
Price support found.
The MACD is curling up off the floor while the other indicators RSI and CCI are still very low which indicates to me a good opportunity to buy into position with a potential price increase soon.
My sell target is below prior support.
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
We had a nice spike up, but the sell resistance seems it may be too much for now. I forgot to ladder my sells to prevent this. Spreading out my sell orders a few satoshi in price will help prevent this in the future on low volume coins.Trade closed: target reached
7 hours and another +5.11% profit. Today was a good day with 2 wins in a row.tradingview.com/x/6FzwdXAI/Time for me look for a new trade.
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