Topic: 365 day 100$ trading challenge. 135% profits in only 35 days!!!! - page 18. (Read 25108 times)

That is a brilliant idea , I would follow the same if that works for you , I just dont think 1% daily is easy to get because of the market's situaition , any way I'd like to give it a try :

Macstrong12
No
3200$

Making 1% in a day looks easy but is this possible to make that 1% everyday repeatedly for 265 days.I will say no for some reasons.But anyway good luck for your challenge.

St4yInTh3D4rk
No
~$1500

Well why not? Nothing to lose. I'm going to say you'll succeed but not in your main objective, you'll make some money, assuming you keep to all your stop losses, I'm guessing the 1% skips will ensure you get most days, your only risk (relatively low) is a flash crash but again stops will save you.

So to make this clear, you're always ending the day with fiat value and not crypto? So no open trades every end of day? And therefore, BTC value won't affect your holdings?

If so, then:

- buwaytress
- NO
- $432 

Christmass eve today. Challenge is up for 2 days now and I am 6 days ahead on my compounding schedule. But however even if it is Christmas Eve today I still gonna try to grab my 1% today.

Merry Christmas everyone

Day 2

Trades:
pair: BTC/USDT
Entry: 3,937$
Exit:   4,008.3$
Bought: 103.16$ (0.0262BTC)
Sold:     105,00$

Pair: BTC/USDT
Entry: 3,947$
Exit:   4,016$
Bought: 105$ (0.0266BTC)
Sold:     106,82$

Pair: BTC/USDT
Entry: 3,973$
Exit:   4,003$
Bought: 106.82$ (0.0268BTC)
Sold:     107.28$

Pair: BTC/USDT
Entry: 3,876$
Exit:   3,930$
Bought: 107,28$ (0.0276BTC)
Sold:     108.46$

Pair: BTC/USDT
Entry: 3,903$
Exit:   3,936$
Bought: 108.46$ (0.0277BTC)
Sold:     109.16$



done for today. Going to relax a little now.

Start balance : 103,15$
End balance   : 109,16$
Total profits today: 5.81%
Total overall profits: 9.16%



Only 2 days so far and day 3 I will already chase my day 8 goal. So in only 2 days I am 6 days ahead of schedule.

thx for your reply. Dont know you read well but this challenge is ment to increase fiat balance. I am not doing this challenge to increase my crypto balance. So every night before I go to bed I will always only hold fiat (USDC OR USDT).
In a week or so I will also start a challenge that increases the crypto value.

Btw I added your prediction and participation of the contest to my list. I will take your fiat answer 1500$ into account cause like I said. This challenge is nothing about increasing crypto. This challenge is just to increase fiat value

Okay, that's an interesting idea. But asking people to state profit in fiat is not wise. Cryptocurrencies are too volatile and all of your trading might be insignificant compared to price dynamics within a year! For all we know, bitcoin can be worth $50k in a year. If you want to test trading instead of long-term investment, I suggest you to require people to list their predictions in bitcoin. Since I'd like to participate just for fun anyway, I'm leaving my application below:
Username: kryptqnick
Yes/No: No
Prediction: 0.05 btc (worth, say, $1500)

I use my strategy. And I only trade when I see an opportunity that suits my strategy. I am not taking risks just to achieve my daily goal. So that won't be any problem

actual trades will be shared. I will edit my day 1 post and add the trades I made. Not that many though. my mindset is to reach my daily goal. After that I continue trading in my other accounts just to be sure I do not take unnecessary risk to close this account with a loss.

As requested the trades are added to the daily update post and will keep sharing trades in every other daily update.

I will share the trades I have done. Will add them to my daily updates.

Good luck withthis challenge. Will follow this topic to see how you progress.

3800% in a year is very doable, but having to set a fixed gain to your portfolio will put you under pressure and take you straight to rekt city.

one should only trade when they see a valid signal based on their strategy , if you force yourself to trade only to trade then you are simply gambling.

good luck.

Photo editing tools are very powerful these days and you can show whatever screenshot u want as of ur choice. I would prefer if you share your daily trades so we actually what you traded and how you managed to get profit whole 365 days.

It is a good idea to make this thread, but would you care to share your actual trades?

It would be useful if you could give us at least the following:

1. the currency pair you traded
2. your entry price
3. your exit price

Otherwise, I see no point in sharing only the results.

Day 1

Starting balance -> 100$
Day 1 goal         -> 1% (1$) profits



Results day 1 (22/12/2018)

End balance       -> 103,16$
percentage        ->     3,16%

This means we managed to step up to day 4 goal in only 1 day. Day 2 goal will be 1.03$ profits




Proof of balance



Executed trades.

Deposited 0.027BTC which was 100$ at the time of deposit. After that I sold for a 3% profit. After that I executed 1 more small trade with 50% of my balance and closed the day with 3.16% which is way above my day 1 goal.

thx.

I am doing this challenge to show people that even with a small amount you can achieve nice things. There are many peoples that can't afford to put 100s or 1000s of $ in trading or investments. So that's why beside my regular trading I do this challenge. Reaching the goal of 3,778$ would mean a big difference for a lot of people on this planet. Even in Europe where I live. 3,778$ would mean 2-3 extra monthly salaries on top of your normal yearly earnings.

yeah was intending to create a telegram chat group in a couple of days

like stated in the post. I will trade for exactly 365 days. So even if I reach the goal earlier I will keep trading until I exactly traded 365 days.

I think it is possible to reach your goal when you use buy the dip strategy. Do you take the result at the end of 365 days or when you reach your target profit? Good luck to you and I will follow this thread.

In my opinion, yes you achieve the goal, it's an interesting and meaningful idea. My suggestion create a chat group on Facebook and a telegram channel where we can connect and share our experiences.

In one of my previous topics https://bitcointalksearch.org/topic/m.48585536 I posted that it should be possible to grow your balance by almost 3800% in 1 year only by setting a 1% profit goal per day.

I got several replies and read in other topics that it is impossible to make consistent profits on a daily basis. I entirely disagree with that so I decided to take the challenge.

My General goal is to grow my 100$ balance to minimum 3,778$ in 365 trading days what is exactly the amount you can generate in 365 days with a 1% daily profit combined with a 100% compounding strategy.

What will I do?

-Today 22/12/2018 I deposited 0.027BTC (which was 100$ at time of deposit) to binance and this is the only deposit I have made on this account and will be the only deposit during the 365 day period.



- I will trade a period of 365 days and will practically only use the buy the dip strategy and only use 1 indicator, the Bollinger bands.

- I will trade exactly 365 days. So if I skip a day or multiple days because of for example holidays this days will not count. I will trade exactly 365 days

- I will post daily updates with my balance and trades.

- Goal on this account is to grow the USD fiat balance. In a week or so I will start the same strategy to grow my crypto (BTC) balance as well.


My goals

My daily goal is to generate 1% profits on my current balance that day.

My yearly goal is to let my Fiat balance grow with minimum 3,778%


To achieve this goal I will not withdraw a single penny during the entire year. I will use my 100% compounding strategy from day 1. Screenshot below show the general goal.






To make this a real challenge I want to launch a fun contest on this. The contest will be very simple.

how does the contest work?

First 50 that join the contest will have the opportunity to grab the prize.

To enter you need to reply with

           - BTCtalk username
           - Achieve 3,778$ goal  -> reply yes or no
           - Estimation of what my trading balance will be after 365 days (fiat value!!!)

Example
           - quadspoker
           - YES
           - 5,000$  

You can view the participants list here -> https://1drv.ms/x/s!AnYAOd-LKvdvgwVcra5bjJKSORs6



Prize When goal isn't achieved
-> 25% of remaining balance will be for the person that replied NO and made the closest estimation of my balance after 365 days.

Prize when goal achieved
->If balance is between 3,778$ and 5,000$ 10% will be divided over all persons that replied YES and the one with the closest estimation receives an extra 250$
-> If balance is 5,000$+ 10% will be divided over all persons that replied YES and the one with the closest estimation receives an extra 10%



I posted in an earlier thread that me and my friends can offer this as a service to but we do not want to do that. But if people want to try the same challenge as we do we would be happy to create a chat group or FB group where we can connect and share our experiences, support each other and help other persons to achieve the goal.