Topic: 365 day 100$ trading challenge. 135% profits in only 35 days!!!! - page 15. (Read 25054 times)

I have been following you for last few days and really impressed by your skills. Yes you quit the trade on 1% and did not greed for more profit. Most traders like us do not follow this and often become greedy.

Day 8

As promised I will show a couple visuals to the trades I have made to show the strategy.

Trades:



Visual:

I got into the trade on XRP/USDT @ $0.36 for a total of $31.14
I left the market @ $0.364 for a total of $31.486

Which this trade gave me a profit of $0.346. This isn't that much but I have only a 1% daily goal. This trade gave me a 1.11% profit on the trade itself and a 0.275% on my total balance.



As you can see its a classic example of the dip strategy crossing the lower Bollinger. It went below the Bollinger for about 12 minute and afterwards it bounced back up and I was able to book some profits.

Its not a matter of chasing larger profits but to take profits when you can. I could hold the 0.36 position longer and aim for 0.37 or 0.38. But why? Market can turned around easily again and drop which leads to get stuck. But by selling I made some profits and a step closer to my daily goal.


other trades:





Closed day on:

I bought at 2 higher points as well. But like I mentioned I never get in with my full balance. So if the dip continues I can enter the market in several different occasions. So the 0.36 wasn't the only entrance point. I also have at 0.362 and 0.363. So those positions will be hold a little longer. But in meantime I have balance left to enter new positions again. Like I told before. the strategy is not a 100% guarantee. So I always advice people that apply the strategy not to use their entire balance in 1 position. There is always a chance it drops further. But as long as you keep balance to buy lower than your first entry you can avoid losses and trade with the balance left and wait with the other position until it recovers again

I was wondering why you didn't buy the first time it crossed the band with a significant amount. If you bought there it would have continued to drop and you would not be able to sell it with profit.

that would be insane..... but very unlikely and unrealistic. I would already be happy to close between 5k and 10k which would be doable. But only time will tell of course.
Adding you to the list now.

If you keep trading like this and have 3,66% every day you will end with 100*1.0366^365 which roughly equals $50 000 000.
Good luck!
I'm joining the contest too:
-matisbtc
-YES
-$8213

7 day summary


I am not going into detail but only show the facts and results of my first trading week.


 - Starting balance was $100 Deposited 0.027BTC the 21th of December which was 100$ at the time of deposit

 - Goal was to trade with 1% daily profits and compound 100% of my profits. According to the compounding schedule after 7 days I should be
   on $107.21.




Actual results after 7 days of trading.



Actual balance : $125,67 (0.03274943BTC)

             -> Fiat profits :     $25,67 or 25.67% profits
             -> BTC profits :     0.00574943BTC or 21.29%

As told previously this challenge is to increase the FIAT value. So that is my first priority. But the increasement of my BTC value is a nice bonus as well.

Goal is to reach 1% daily. Profit percentage shows I made 25.67% in 7 days which means I reached an average of 3,66% daily. This also have effect on my compounding schedule. You see on the screenshot that at this moment my my balance is except for 0.03$ the same as the amount of day 23 in the compounding schedule. This means that after 7 days of trading I am 16 days ahead on the compounding schedule.




Conclusion: First week went pretty well and I am happy im ahead of schedule. Every day I am ahead can cover for a day I will not reach my goal or have a small loss. So at this moment I am feeling pretty comfortable. Being 16 days ahead does not mean I am going to chill out. I will keep aiming for that 1% daily. Because the more days earlier I reach my goal the more days I have left in the 365 day trading challenge and the higher possible profits will be.

Every day that the goal is reached earlier can have a huge effect on the compounding. Normally 1% daily + 100% compounding means you will end up with 3,778$. Just have a look if I would be able to trade 16 days longer because I am ahead of the schedule. this could have an effect of $652 more that could be profited.





For the upcoming weeks I will post more details about the trades I have made and I will try to add some graphs that are related to the trades I have made. Beside that I thank everyone to follow this thread and I hope we can keep boosting our balance.

Your amount is to high to say NO. The goal is to reach 3,778$ which is exact the amount of 1% daily + 100% compounding for 365 days. So or you change answer to YES or you lower the result amount. It can only be NO of you add in an amount lower than 3,778$

I believe you missed my answer OP because in Sheet you putted YES while my answer here is NO

Thank you 😊

Edit: daily trading looks pretty good as it was growing day by day,cant wait to see the final result in the next xmass season,if this continues to happen then i will be much better😜

I want to know about the 1 week summary of yours, and I am very curious about your trading. I have seen your trade, and it's a good start and also a good lesson for every people who want to learn about trading. They can use this as a guide to start trading, better to stay with one coin than choose more than one coins because sometime, it could make you confusing to check one by one. Good job bro, I still follow your journey.

Oh yeah, for sure, traders like yourself, scalpers or day traders, they don't seem to really care much for market sentiment, but volume and volatility are actually preferable - I suppose even with the thin volumes of past months, it's not too much of an effect, not when you're looking to trade such small units.

One more thing: be much easier to follow/verify if you could post the trades as soon as you do them, and then update your closed trades quoting the original post. Also easier to identify your strategy if it worked, or did not.

Day 7


Trades





call it a day today. gonna spend some time with the kids. Gonna make a 1 week summary of first week compared with my compound model tomorrow.

End balance 125.54$

Wanna join the party

Siren

NO

$5,780

Lets  wait for a whole year on who's good in predicting about this contest

Goodluck to all of us

Im always careful. I have everything in USDT now. After luck i start trading and look for positions that suit my strategy.
But always careful. If i notice that the drop Will continue i Will not enter with to much of my balance but buy positions with smaller parts. So i can anticipate if the price keeps dropping further like yesterday

It's good to control, and I agree with you. It's better to take a profit than never because it's difficult to see the price increase higher than that. I look at your balance in USDT is also increase, and it means, it's good for you and you can continue but still be careful, at this moment, we see bitcoin price is going down again although it's back to the price before, the chances for bitcoin price to get down will still there.

Day 6

Trades:

pair: BTC/USDT
entry: 3703.45$
exit:   3721.5$
Bought: 60,4477$
Sold: 60.9283$

Pair: XRP/USDT
entry: 0.336$
exit:   0.342$
Bought: 120$ (357,14XRP)
Sold:     121,068$

Pair: XRP/USDT
entry: 0.3275$
Exit:   0.3340$
Bought: 100$ (305.34XRP)
Sold:     100.86$

Pair:  BTC/USDT
entry: 3540.5$
exit:   3581$
Bought: 125$ (0.0353BTC)
Sold:     126.42  


End balance: 124,57$

I explained multiple times what strategy I use. And I cannot post upfront at what point I am going to enter the market. It all depends on when the candle breaks or touches the lowest Bollinger band. So I cannot post prior my trades at what point I am buying. Beside the Bollinger I am not using any other indicator to enter the market. I just manually screen the charts and enter the market when I seen an opportunity.

So I am not using any other indicator. Its simple I take a trade when I seen the candle is going below or touches the Bollinger and exit when it bounces back up for 0.5-1%.

About trades. I was planning to post all my trades daily and at the end of every 30 days I post a full summary of all my trades.

Can we see a full backlog of trades somewhere? Also, posting after the fact does not seem too convincing. Could be useful if you could post before what trade you are aiming for like "rsi currently at 20, expecting to go up therefor buying", we need to see the prediction factor, otherwise it's just numbers.

Had a small late Christmas party today. I just got home and gonna screen the market and hope I can still reach my 1% daily goal today.

-I only deposited BTC and then converted instantly to USDT cause this challenge is to grow the USD value as much as possible. I can trade any pair against USDT. I just pick those that give me signals to apply my strategy.
I trade BTC/USDT , XRP/USDT. Actually it doesn't matter what pair I trade as long as I keep growing my fiat value for this challenge.

- trading is my full time occupation. However now these days with Christmas and some parties I am not full time behind my laptop and screens. But normally I spend 8-12 hours daily behind my laptop. So I can trade the entire day if I want to.

- I really do not follow the news that much. So FUD doesn't bother me. Now im trading USDT but I can start trading USDC as well. For me it really doesn't matter