Topic: Turning 0.005 BTC to 1 BTC? Trading Journal | Currently 268% in Profit (Read 2190 times)

Due to personal and unrelated reasons i stopped this, maybe in a year or so when I have more free time I will restart it

I hope you guys realize that 100 contracts is a tiny amount and that when the stoploss hit i only lost 1% of my account

laddered shorts at 6200, 6300, 6400, 100 contracts each

Im just trading btc/usd and eth/usd. Im using the exchanges in my sig for trading with leverage on them, if you want you can use my referral (in my sig) and join me on my journey

I had opened a short at 8694, which I closed just now for a 40mBTC profit! (img)

Which brings my total balance up to 0.0184 BTC! (img)

Price didnt react as i expected it to, so i closed my position for a profit of 0.0021 BTC , bringing my total balance to 0.0146

http://prntscr.com/r9fazs

Ok... if you are still going, then many of us would appreciate an update.  You seemed to have had a losing streak, but you did not update where you are at in recent times, and surely it can be a lot of work to trade and to update a thread like this, and surely long breaks will likely raise skepticism if you do not seem to be showing a decent amount of your work along the way...

Of course, opinions are going to differ regarding how much work needs to be shown before people completely lose faith in your representations... and you have already shown a considerable amount of inclination to make really bold statements, which personally I find much harder to give benefits of the doubt in those kinds of situations.

Your last post here was 3 months ago. What is the current status of your investment?

Kindly keep your post updated about your trading journey

These laddered shorts may not have gone very well, and if you did not lose all of your money, you may well have lost a considerable amount.  Call me a party poop, but it tends NOT to be a good idea to be fucking around with leverage, because sooner or later it is quite likely to bite you in the ass and take all your profits and potentially your principle too.

But you said that you were employing good risk management, but what happened to you?

 Where's the reporting on the subsequent trades?   

So, my point is that trading and profits might be all fine and dandy in terms of locking in ongoing profits, and maybe you make profits on 50 trades in a row (or maybe 40 out of 50 trades are profitable), and then all those profits can get taken away on a set of bad trades (especially if leveraged) and the price keeps moving against you trade after trade after trade... right?  Is that what happened?

So, even if the trades did not work out and you have to start over, or you are back to your principle, are there any lessons learned?  

Some folks bet in both directions, but hey that does not seem to be your strategy, but instead a kind of Martingale method, which might work until it does not.

Of course, using leverage complicates matters, too... but hey, if someone can consistently make profits and even stack some sats away so that he is only playing with house money that could be great to keep building profits, but the timeline might become a long one, too, and if all of the house money is lost, at some point because the trades keep going against you, then is the trader tempted to dig into his stacked away principle and the stacked away profits?

Been following your calls later, they are very good!

I am very interested to see your results. For a long time, I haven't been seeing any updates on your trading results. There are many people like me who might be interested in seeing your results. So update current situation.   

If you reach your goals, this will motivate your success to many new traders. Hopefully the recent market dumps, you have not faced any big loss.

How is the progress going?

Will be possible but depend which one coin do you buy or trade, many people use with higher amount for trading but always lost but there are some people could get 0.005 btc become 1 btc in trading because get lucky with his coin trade.

For us to do that, we must take and grab the best opportunity right now while the temporary price declination was still there. We can buy cheaper price for the main time, and have the chance to earn profit when maturity comes for your asset. Although we can't expect it to be quick, but will grow our asset within a longer terms.

Not crazy if you have the best tools... Superalgos V.0.0.6 is around the corner... Take a quick peek into the new charting space interface:

Hello OP, What are you currently trading at the moment? I'd like to join you on your journey. I'm looking to get back into trading having left the markets for some months due to some school activities. I'm looking forward to more of your trades and setups.  I've seen your progress thus far and it's impressive.

With the bitcoin halving less than 3 months away, I'm expecting a bull run leading up to that moment. I don't want to miss out on potential profits

Nothing is actually impossible in the crypto space. We could even have more wider profits than that and even turning 0.005 BTC into 1 BTC would not get a challenging task and might even be completed in few months by constant trading and a lot of hard efforts. I am speculating OP since the start and I have to say that he has made some good progress so far which is bring him close to the target.

Cryptocurrencies are the most volatile markets and hence expecting higher profits is not bad but also you should prepare yourself for higher losses. I wonder if OP has any backup plan in case he need to face loss or his entire funds gets liquidated.

It is good to see OP converted his 0.005 BTC into 0.018 BTC until now but I also worry about the risk factor OP is bringing him into. Leverage trading shows huge profits but has also proven to be somewhat similar to gambling.

You can even lose everything you have or everything you earned in a single trade if you get careless for even a single day. Hitting the liquidation price would simply make our futures balance disappear which might eat the entire profits made my op until now(0.018 BTC) and OP might need to start from fresh. This situation can be handled a lot easily by just moving the profits into the spot wallet time to time.

interesting thread trying to make a profit of more than 1000% of the capital. I think you need your management thread to make it look more dynamic to look at. Maybe I will try it on the local board, this topic is very interesting to do. $ 8,920 bitcoin price and that is support line.