Turning 0.005 BTC to 1 BTC? Trading Journal | Currently 268% in Profit - page 3.

SquallLeonhart

legendary

Activity: 2422

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If you manage to make your 5 mBTC into 1 BTC then that would be bringing lots of new traders from this community. Because, people here are set with capital and also having groups to get signals but not having confident and motivation to step forward. When seeing your results, I guess many people want to try and copy your success. I like to keep an eye on your updates. Good luck man Cheesy

.

Do you set any time frame for achieving that 1 BTC out of your 5 mBTC capital? I am sorry for asking such a pressurizing question because professional trader may take to 6 months for this challenge whereas I will take 2 to 3 years but not sure I may keep the capital intact. So, if you have anything like that, please add that into OP which might be more interesting to watch your performances within a set time.

Sadlife

sr. member

Activity: 1400

Merit: 269

Nice trades while for me, i could never risk selling bitcoins in daily type trading because i prefer hodling cause i got rekt countless time when i tried daily trades even knowing what price to short and to long is complicated especially if you're not experience enough to do TA.

maxreish

sr. member

Activity: 1330

Merit: 326

I was kinda interested in your trading since I am also a Bitmex trader. There are few questions I am going to ask;

What % leverage are you using?
You trade daily or how many trades you are doing in a day? You already gained 50% for 5 days and that's a good trades actually.
What indicators are you using?

You made a good profits and good trades, hope I can do that way too since I do some losses and recovery but gaining 50% profit within 5 days showed how you do good in reading analysis.

SwayStar123

member

Activity: 77

Merit: 147

https://watchdominion.org

Quote from: ChuckBuck on February 03, 2020, 05:29:30 AM

Although this is a nice goal, I feel that it is a bit impossible Roll Eyes

Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck Wink

This is illogical, yes even the best traders make losses and mistakes, but they dont lose their entire balance, if they are successful more than 50% of the time they can make money consistently and given enough time turn 0.005 btc to 1 btc

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: ?? on ??

Took a 100 contract profit at 9193.5 Booked some profits, and hoping to now short again at 9250 as that was previous support

Any updates? Hopefully you maintained good risk management on this short. This daily bullish engulfing candle just blew through $9,700! I still think the $8,000s are possible (if this is part of an irregular flat) but I'm beginning to rule out lower targets like the upper $7,000s and $8K area.

nelson4lov

hero member

Activity: 2184

Merit: 798

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Quote from: Lucius on February 04, 2020, 10:52:05 AM

A small stake, a small chance of success, but a great dose of optimism and determination to try to achieve a set goal - and if the OP accomplishes half of what is planned, it will be a venture that will be talked about for a long time.

I don't personally trade, but I wonder what the chances of success would be if the initial stake was at least 0.05 BTC? Would that mean that some things can be done with less risk which would also increase the prospect of ultimate success?

If we take the example of a gambler who enters in a casino with $100, and another who enters with a $1000, they both have a chance to win something, but the one with more money still has a better chance if apply a good strategy.

Yes that's very much possible. In trading, it's not really about the startup capital. Most of the successful traders we see today didn't start trading with even 1 BTC. They had to start small, made consistent profits off small trades. With time, those small and tiny profits adds up and gets accumulated to a nice profit. On the other hand, I've seen people that started with high capital ended up losing a large part. So at the end of the day, It all boils down to one's trading system, consistency and trading skill level and not the startup capital. If OP was a noob, I'm sure he would be in loss regardless of whether or not he started with 0.005BTC.

SwayStar123

member

Activity: 77

Merit: 147

https://watchdominion.org

Quote from: exstasie on February 03, 2020, 06:11:17 AM

Quote from: SwayStar123 on February 03, 2020, 02:46:25 AM

5th trade(s)- I put in a series of shorts at prices i thought would be resistances, the prices were, 9600, 9500 and 9436. All these averaged out to 9491. The recent pump to 9600 triggered all these shorts but we dumped before we hit my stoploss. This has put my current position into a 0.0004 BTC profit. But i dont plan on taking profit right now, i will hold on to this position and readjust my stoploss to ensure this is a guarenteed profit from now (img1, img2)

Nice one. We got the new highs I was expecting. Too bad it was sold right back into the range. It's looking like a failure now. Undecided

I'm now contemplating a failed fifth wave, and the beginning a larger pullback through that trend line and into the $8,000s:

I also think it will go into the 8000s, probably the lowest it would go would be 8250, but theres a potential for a reversal at 8600 too

Lucius

legendary

Activity: 3234

Merit: 5637

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A small stake, a small chance of success, but a great dose of optimism and determination to try to achieve a set goal - and if the OP accomplishes half of what is planned, it will be a venture that will be talked about for a long time.

I don't personally trade, but I wonder what the chances of success would be if the initial stake was at least 0.05 BTC? Would that mean that some things can be done with less risk which would also increase the prospect of ultimate success?

If we take the example of a gambler who enters in a casino with $100, and another who enters with a $1000, they both have a chance to win something, but the one with more money still has a better chance if apply a good strategy.

Williams_Leo

member

Activity: 207

Merit: 11

Quote from: KnightElite on February 04, 2020, 01:27:13 AM

Quote from: fullhdpixel on February 03, 2020, 03:48:47 PM

I wholehearlty support this endeavor of yours, it definitely looks like you are doing a great job and know what you are doing, you are also showing people how they can get into these kinds of stuff as well, maybe 1 btc would be very difficult task for you and any other person but you have to start somewhere that is the point, you can't make 1 btc profit without making 1k satoshi profit first, that is how these things start.

Looking at your previous trades, you are doing shorting very well, longs not so sure about but shorts are definitely a thing you understand easily, I hope for the sake of all humans that are holding btc, you do not come correct about them too frequently Cheesy

. All jokes aside I am sure with the amount of leverage and options available you will make to 1 btc quickly.

Anything is possible with proper risk and management, achieving 1 btc is not easy but if we have passion and commitment then we can achieve our own goal but we should make sure that our goal is realistic where it is feasible to achieve. When I started trading of bitcoin, I have a capital of 0.1 but I manage to double it in 3 months. It took me months in order to double it because we cannot always win everyday in trasing there will be times that the outcome will be unexpected.

Agree that it will be possible when we can manage risk then find the right method and direction to gain the best profit from the market but all still need a reasonable starting point, a reasonable condition and goal, can't set a goal too far when the start is too low. It's similar to when we go up the stairs, we need to take steps step by step, sometimes two steps but the risk is too great, we can be good for the first few times but in the middle of the road, we can still fall to the ground, need to raise more capital, cannot operate with only 0.005btc

KnightElite

sr. member

Activity: 924

Merit: 275

Quote from: fullhdpixel on February 03, 2020, 03:48:47 PM

I wholehearlty support this endeavor of yours, it definitely looks like you are doing a great job and know what you are doing, you are also showing people how they can get into these kinds of stuff as well, maybe 1 btc would be very difficult task for you and any other person but you have to start somewhere that is the point, you can't make 1 btc profit without making 1k satoshi profit first, that is how these things start.

Looking at your previous trades, you are doing shorting very well, longs not so sure about but shorts are definitely a thing you understand easily, I hope for the sake of all humans that are holding btc, you do not come correct about them too frequently Cheesy

. All jokes aside I am sure with the amount of leverage and options available you will make to 1 btc quickly.

Anything is possible with proper risk and management, achieving 1 btc is not easy but if we have passion and commitment then we can achieve our own goal but we should make sure that our goal is realistic where it is feasible to achieve. When I started trading of bitcoin, I have a capital of 0.1 but I manage to double it in 3 months. It took me months in order to double it because we cannot always win everyday in trasing there will be times that the outcome will be unexpected.

SwayStar123

member

Activity: 77

Merit: 147

https://watchdominion.org

Update:

4th trade- I made a 0.0002 BTC loss, i completely accept this was a stupid blunder but i accidently bought the contracts for ETH instead of BTC, the recent spike in eth caused me to lose a bit. But not to worry, i made back my loss and then some in my fifth trade.

5th trade(s)- I put in a series of shorts at prices i thought would be resistances, the prices were, 9600, 9500 and 9436. All these averaged out to 9491. The recent pump to 9600 triggered all these shorts but we dumped before we hit my stoploss. This has put my current position into a 0.0004 BTC profit. But i dont plan on taking profit right now, i will hold on to this position and readjust my stoploss to ensure this is a guarenteed profit from now (img1, img2

fullhdpixel

hero member

Activity: 2828

Merit: 611

I wholehearlty support this endeavor of yours, it definitely looks like you are doing a great job and know what you are doing, you are also showing people how they can get into these kinds of stuff as well, maybe 1 btc would be very difficult task for you and any other person but you have to start somewhere that is the point, you can't make 1 btc profit without making 1k satoshi profit first, that is how these things start.

Looking at your previous trades, you are doing shorting very well, longs not so sure about but shorts are definitely a thing you understand easily, I hope for the sake of all humans that are holding btc, you do not come correct about them too frequently Cheesy

. All jokes aside I am sure with the amount of leverage and options available you will make to 1 btc quickly.

SwayStar123

member

Activity: 77

Merit: 147

https://watchdominion.org

Quote from: exstasie on February 02, 2020, 04:08:21 PM

Quote from: SwayStar123 on February 02, 2020, 02:29:07 AM

Update! The 300 contract short was taken in full profit at 9260, 9145 and 9295. Which resulted in a total of 0.0006 BTC Profits!! Which means i have grown my initial 0.005 to 0.006, which is a 20% gain in 2-3 days Grin

Good job closing out when you did. I got the impression you were planning to ride that short down a ways, based on this chart.

I'm still leaning towards new highs myself. Can't say for sure that there isn't distribution occurring here, but this pivot off $9,113 looks fairly decisive:

We're still flagging sideways off a daily 3 white soldiers pattern too, which supports the bullish case.

Yes i still think it will go down alot, but from my chart you can see that i think we will range a bit more. But now i think the range is complete and we will dump hard

ScamViruS

hero member

Activity: 1806

Merit: 720

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What you are doing is good. Why don't we try? The funds you are trading with are small. With this fund you can experiment your trading strategy. If good results come, then surely you can go ahead. Maybe you know that leverage trading can be very risky at any time. So be careful when you open any trade. I will definitely follow your thread to see the results. Good luck.

Yatsan

legendary

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Quote from: 20kevin20 on February 03, 2020, 11:58:55 AM

Quote from: SwayStar123 on February 03, 2020, 11:28:25 AM

Quote from: ChuckBuck on February 03, 2020, 05:29:30 AM

Although this is a nice goal, I feel that it is a bit impossible Roll Eyes

Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck Wink

This is illogical, yes even the best traders make losses and mistakes, but they dont lose their entire balance, if they are successful more than 50% of the time they can make money consistently and given enough time turn 0.005 btc to 1 btc

Not really illogical, considering the volatility of crypto markets. What makes everything harder, like ChuckBuck said, is the capital. Going from ~$45 to ~$9300 is a huge thing to achieve with such a small capital, especially when you take fees and everything else into account. But if he proves himself to be a good trader, he might achieve it. During the 2017 market ride I've turned 1BTC into 25BTC (through alts) but was greedy enough not to take my profits at the time so I have lost all that 24BTC profit in a matter of days.

2017 is the best! Just wanna share my experience, many shitcoins way back 2017 turned into a massive bull run which gave me a lot of profit haha. That year shitcoins are the best.

Back to the topic, I really think that it's possible, but it will take a lot of time. If you invest into a right coin and hit the bull run there you might get your target in an instant, It will just take a 1hit fot the jackpot and that will be target achieve!

Just continue your journey and keep posting here, I wish you luck in your trading journey

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: SwayStar123 on February 03, 2020, 11:28:25 AM

Quote from: ChuckBuck on February 03, 2020, 05:29:30 AM

Although this is a nice goal, I feel that it is a bit impossible Roll Eyes

Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck Wink

This is illogical, yes even the best traders make losses and mistakes, but they dont lose their entire balance, if they are successful more than 50% of the time they can make money consistently and given enough time turn 0.005 btc to 1 btc

Not really illogical, considering the volatility of crypto markets. What makes everything harder, like ChuckBuck said, is the capital. Going from ~$45 to ~$9300 is a huge thing to achieve with such a small capital, especially when you take fees and everything else into account. But if he proves himself to be a good trader, he might achieve it. During the 2017 market ride I've turned 1BTC into 25BTC (through alts) but was greedy enough not to take my profits at the time so I have lost all that 24BTC profit in a matter of days.

redsun114

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Activity: 2674

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1 BTC from 0.005 BTC might seem a bit overwhelmed or maybe difficult but might surely not be impossible only because of the leverage trading. You can actually earn immense profits even with your 0.005 BTC as you can trade on futures platform with nearly 20x to 125x leverage which would indeed give major profits for smaller capital, but yes the risk here remains constant.

If by any chance you fail to make a good TA and you end up buying at wrong price than your coins could be liquidated at a specific price which would eat all your profits+capital so I really wish you are aware about this too. If you really are a dedicated trader than no one can stop you from earning 1 BTC in a month but you really need to spend most of your time on the graphs.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: SwayStar123 on February 03, 2020, 02:46:25 AM

5th trade(s)- I put in a series of shorts at prices i thought would be resistances, the prices were, 9600, 9500 and 9436. All these averaged out to 9491. The recent pump to 9600 triggered all these shorts but we dumped before we hit my stoploss. This has put my current position into a 0.0004 BTC profit. But i dont plan on taking profit right now, i will hold on to this position and readjust my stoploss to ensure this is a guarenteed profit from now (img1, img2)

Nice one. We got the new highs I was expecting. Too bad it was sold right back into the range. It's looking like a failure now. Undecided

I'm now contemplating a failed fifth wave, and the beginning a larger pullback through that trend line and into the $8,000s:

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Although this is a nice goal, I feel that it is a bit impossible Roll Eyes

Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck Wink

Coyster

legendary

Activity: 2058

Merit: 1270

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Quote from: Baoo on February 02, 2020, 05:48:35 PM

To be honest, I don't want to disappoint you but it is impossible to achieve this goal...

Since OP will be updating us in this thread on how the trading is going with him, then let us just wait and see how much profit he can get. He has got off to a good start, but some times one can start off perfectly and end up badly, so OP shouldn't get ahead of himself, he must still concentrate on doing what he has been doing.

Quote from: bitbunnny on February 02, 2020, 11:54:33 AM

Positive attitude is good and can be helpful but trading can't be based on that.

When I started trading for the first time, I thought that positivity and belief usually has an effect on how good everything would end up, it's good to be optimistic, but it's also good to know that it doesn't matter in the real sense of it all.

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