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My $1k to $100k Challenge - Day 29 Trade #42 - LOOMHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 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. There is no nice way to put it, I am doing very bad. I am jumping in the trades too early or too late and am on a bad losing streak. Back to my basics, Base plays, with a twist. I will DCA buy if -5% is hit before my sell target, then make my new sell target my original buy in price which will give me 2 1/2% profit. What is DCA? Dollar Cost Averaging. Say I buy 100 shares @ $2 = $200. Then the price dips to $1, I invest another $200 and buy 200 shares = $200. Now I own 300 shares and have dropped my cost per share to $1.33 each. 100 shares @ $2 = $200 200 shares @ $1 = $200 300 shares total cost $400 = $1.33 average cost each My base play strategy explained here: Click image below to go the the Base play strategy post. After 26 days and 39 completed trades: Wins: 16 Loss: 23 Balance: 0.1517 B USD: $ 989 *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 29 trade #42 I invested 0.0337 B into LOOM. I bought 2269 @ 1485 satoshi My Sell target is: 1575 for 6.06% profit If the price drops to 1410, I will invest another 0.0337 B and buy another 2390 LOOM @ 1410 satoshi. My new target will be my original buy in price of 1485 satoshi for a potential profit of 2 1/2%. My Trade Stop loss: 1336 (-7 1/2%) 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!
LLong
by redking75
9
TRIG - Base Play Strategy 86% Success RateNew Base play opportunity on TRIG. What is my Base Play strategy? I wrote about my Base Play strategy here on TV, if you click the image below it will bring you to it. Base play trade instructions TRIG on Binance Entry: Buy up to 0.00006600 Sell Target: 0.00006950 Suggested stop loss: 0.00006270 Potential Profit: 5.3% Bases Respected: 13 out of 15 times in the past Success Rate: 86.67% Base Play Strategy Overall stats 102 days Trades Won: 770 Trades Loss: 265 Winning rate: 74.4% Total accumulative profit: 1975% Profit!!! Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
TLong
by redking75
WAX - Base Play Strategy 91.3% SuccessRate!!New Base play opportunity. What is my Base Play strategy? Click the chart below for details. Base play trade instructions WAX on Bittrex Entry: Buy up to 0.00001804 Sell Target: 0.00001900 Suggested stop loss: 0.00001703 Potential Profit: 5.3% Bases Respected: 21 out of 23 times Success Rate: 91.3% Base Play Strategy Overall stats 99 days Trades Won: 755 Trades Loss: 265 Winning rate: 74.02% Total accumulative profit: 1890.17% Profit!!! Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
WLong
by redking75
SNDX - Syndax Pharmaceuticals - Loyal to the base bounce?First of all, I'm in love with this chart, not like a friend, but like a secret admirer whilst in high school going thru my hormonal changes. Syndax Pharmaceuticals has consistently shown great loyalty to the bounce when it reaches lower levels, close to or under it's support. This Pharma stock has shown to have great support at about $8.00. SNDX has a couple products out right now that are in testing phases, Entinostat and the SNDX-6352. The recent 25% decline was due to the Phase 2 of the study being "unimpressive". This trial however, serves as a base for positive results for phase 3 trials, which is coming up soon. We should see some consolidation at this level until the results are provided, then a possible jump. Make sure you take profits!! We're looking at a target price on the low end of $12.00, and as high as $18.00. SNDX is currently sitting at $7.03 as I'm writing this.
NASDAQ:SNDXLong
by GPI-Legacy
Base Play Strategy - 1719% Accumulative Profit in 69 Days !!!Hi everyone and thanks for stopping by. I first wrote about this strategy on April 6th. Click the chart below for details how this strategy works What is my Base Trading strategy? When the price of a coin drops 5% or more from it's original base, and the past data for the coin shows 80% or more times the price of the coin has successfully gone back up to it's original base price. I use 10% stop loss on all trades. Over the last 68 days, 76%+ of the time this strategy has hit sell target. Below is the previous stats for the coin chart above: Bases respected (how many times the coin has gone back to the original base support) 15/16 (15 out of 16 times this play has worked) Success rate 93.75% 90% respected in 1.71 days (average amount of time to complete the trade) Base play strategy for AE on Binance: Buy up to: 42990 Sell target: 45260 Potential profit: 5.28% We have a bot on our Discord group, BFL (Bitcoin Profit Labs) that gives alerts when a new base play is available, and, when a base play hit the sell target or stop loss. Our Discord group: bit.ly See Live stats of my Base Trading Strategy Plays --> goo.gl If you enjoyed this post about my strategy please like and comment, thanks!
ALong
by redking75
5