Doing a 1000 to 10,000 challenge and doing well

SirLancelot

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Quote from: adaseb on August 24, 2022, 11:22:59 PM

Seems lately there are a few of these trading challenges. And people are skeptical but the way it works is like this. They usually post the trades live but it doesn’t mean they are trading with real money.

They might get lucky and trade demo and make it to the goal, and then they will usually offer some type of signal service and want money for it. Many will sign up because if they went from $1 to $10K once they can do it again most likely. And that is how the scam typically works.

Yeah, I noticed that too. Is this a trend or what? Or maybe they are only doing this to encourage people that it is still possible to earn during this tough market situations. If we are in doubts about it then that is a good sign to avoid them but if we are fully convinced on what we saw then why not give them a try? Just always start with small amounts. That is great if they show their trades live and I think there is a way to tell that they are trading with real money or not.

Usually in a demo trade, the results are always favorable. In case that is what you are watching then don't easily believe on it because the situation can change when it comes to the real trade.

Poker Player

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Quote from: adaseb on August 24, 2022, 11:22:59 PM

Seems lately there are a few of these trading challenges.

And with so many people trying it, in the end someone will succeed, which does not mean that it is a good system to earn money, because the risk of bankruptcy is very high.

Quote from: adaseb on August 24, 2022, 11:22:59 PM

And people are skeptical but the way it works is like this. They usually post the trades live but it doesn’t mean they are trading with real money.

They might get lucky and trade demo and make it to the goal, and then they will usually offer some type of signal service and want money for it. Many will sign up because if they went from $1 to $10K once they can do it again most likely. And that is how the scam typically works.

I would advise anybody to stay away from this. Anyone who knows a little mathematics and finance does not fall for this.

Tytanowy Janusz

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Just as previous poster said. That's exactly what I think we are seeing here. False god doing 10x in 20 days (thats from 1000$ to USA M2 money supply = $21T in less than 1 year) to build followers base and than sell trading courses or copy trading.

And it does not have to be a demo. it might be an average day trader which is manipulating data showing not all trades. With 20x leverage a 7% profit is a matter of few minutes if not seconds. No one will check if tweet was posted before position was opened and second one after it was closed or both SS were posted after it was closed only if it was profitable or slightly unprofitable from time to time to avoid suspicion

adaseb

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Seems lately there are a few of these trading challenges. And people are skeptical but the way it works is like this. They usually post the trades live but it doesn’t mean they are trading with real money.

They might get lucky and trade demo and make it to the goal, and then they will usually offer some type of signal service and want money for it. Many will sign up because if they went from $1 to $10K once they can do it again most likely. And that is how the scam typically works.

hugeblack

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Trying to prove that you did this will only be useful for demonstration purposes and to prove your experience in trading, but it is difficult for the average investor, even if he follows the same methods as you, to achieve the same results as I hope you are not trying to use them to sell “copy trading”

In general, if you document well what is happening, it is proof of your skill in trading, and then you can give free or paid lessons.

gunhell16

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Quote from: FallenSoldier on August 23, 2022, 05:30:06 PM

Doing a 1k to 10000 challenge, where I fully document my journey (entry, when I close and daily update) and I almost made it !

Day 16 Update: https://twitter.com/shorterprince/status/1562202184154075136

You know it's not that I doubt you, but in a forum like this, not everyone will just believe your post, especially since you don't have any proof evidence to prove that you are the one who did it. Are you really the one who grew it from 1k$ to 8k$ according to the Twitter post you showed? It's easy to make a story dude. Then your only proof is the screenshot, I don't think that's credible to say that what you say is true, although we don't care about what you say.

Most people also know that it is not easy to do the leveraging style in trading, then you are just that easy for you, I can only believe if you can show me some of the images when you started with 1k$ that you set up in actual trading how it grew and grew little by little in your trading activity.

AbuBhakar

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Quote from: FallenSoldier on August 23, 2022, 05:30:06 PM

Doing a 1k to 10000 challenge, where I fully document my journey (entry, when I close and daily update) and I almost made it !

Day 16 Update: https://twitter.com/shorterprince/status/1562202184154075136

Seriously? How come this is a fully documented trading while you are just providing screenshot of your position and doesn’t have any info on the result of each closed position. You should tabulate all your buy and sell orders that you can see on your trading history if you want to disclose your full trading activity.

You are using 20x leverage with 2000USDT and above margin which is very risky. You are literally just gambling your money and not trading due to the risk involved. I saw you are losing 500USDT+ for just hitting your SL.

FallenSoldier

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Quote from: Bitcoin_Arena on August 23, 2022, 06:48:38 PM

Quote from: BitMaxz on August 23, 2022, 06:27:58 PM

I can't even make that 800% of profit in just 16 days or even a month.

It's very hard to make quick and huge returns in spot market unless if it's a blown out bull market where shitcoins are pumping abnormally, certainly not in the current. If only OP could document everything in one thread instead of opening many, it would be easy to follow up.

Have about 500 trades but documented everything on the twitter, I mainly use it to post my entries/when I close

Bitcoin_Arena

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Quote from: BitMaxz on August 23, 2022, 06:27:58 PM

I can't even make that 800% of profit in just 16 days or even a month.

It's very hard to make quick and huge returns in spot market unless if it's a blown out bull market where shitcoins are pumping abnormally, certainly not in the current. If only OP could document everything in one thread instead of opening many, it would be easy to follow up.

BitMaxz

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Leverage or futures trading which is very risky do you own that account?
How did you make 1k fast and made 8k after 16 days?

I'm sure it won't be easy to make money in leverage which is very risky or depending on how much leverage you set up I usually trade only in spot trading and I can't even make that 800% of profit in just 16 days or even a month.

FallenSoldier

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Activity: 42

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Doing a 1k to 10000 challenge, where I fully document my journey (entry, when I close and daily update) and I almost made it !

Day 16 Update: https://twitter.com/shorterprince/status/1562202184154075136

Topic: Doing a 1000 to 10,000 challenge and doing well (Read 142 times)