My $1k to $100k Challenge - Day 23 Trade #35 - WTC
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.
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%.
I will also be using 3commas trading bot and using profit trailing starting at 3%. What this means is once an active trade hits 3% profit, the profit trail will kick in. If the price drops -0.5%, autosell will occur for roughly 2 1/2% profit.
Looking back at my losing trades, many trades hit 3% profit or more, then dropped down to hit my stop loss. This new strategy should prevent this problem and turn in more wins.
These last few weeks have been fun. I have won some trades and lost some trades. Learning from my failures will help bring me success.
After 22 days and 33 completed trades:
Wins: 15
Loss: 18
Balance: 0.1613 B
USD: $ 1142
*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 23 trade #35
I invested 0.08 B into WTC. I bought 152.84 @ 5234 satoshi
Sell target is: 5500 for 5.08% profit
Suggested Stop loss: 5100
SUB price is all the way down to its Binance debut price range from back in November of last year, expecting a bounce from here.
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!
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.
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%.
I will also be using 3commas trading bot and using profit trailing starting at 3%. What this means is once an active trade hits 3% profit, the profit trail will kick in. If the price drops -0.5%, autosell will occur for roughly 2 1/2% profit.
Looking back at my losing trades, many trades hit 3% profit or more, then dropped down to hit my stop loss. This new strategy should prevent this problem and turn in more wins.
These last few weeks have been fun. I have won some trades and lost some trades. Learning from my failures will help bring me success.
After 22 days and 33 completed trades:
Wins: 15
Loss: 18
Balance: 0.1613 B
USD: $ 1142
*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 23 trade #35
I invested 0.08 B into WTC. I bought 152.84 @ 5234 satoshi
Sell target is: 5500 for 5.08% profit
Suggested Stop loss: 5100
SUB price is all the way down to its Binance debut price range from back in November of last year, expecting a bounce from here.
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
6 hours into trade #35 WTC Small increase in price since my entry, I expected this trade to move faster especially when all the volume poured in the hour that the most common .618 Fibonacci level hit and the reversal began. The trade still looks strong.
Trade closed: stop reached
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