Topic: Turning 0.005 BTC to 1 BTC? Trading Journal | Currently 268% in Profit - page 5. (Read 2228 times)

It is very good that you are making profits in Bitmex, basically the liquidations are the order of the day, when you see the liquidity funds, can you imagine that you are going in the opposite direction to the liquidations?, Since it is a good technique. However, in that exchange you usually live with adrenaline to the fullest.

The technical analysis there plays an important role, if you have increased your balance, I think it is very good, although as a tip, take it easy, even if your profit is small, the important thing is to continue adding satoshis to your balance.

I used leverage, as shown in the screenshots i bought 100 contracts for that trade, and I only had 0.005 btc, so it was a 8% gain for me (0.0004 BTC). I meant 8% of my total balance from the start, not in just that one trade

Your capital is good and your goal takes a lot of time before you achieve 1 bitcoin with small amount of money you use in buying coins in trading. Goodluck to you I hope you can find a coin who is very cheap this year and every month the valu increase. We know the 1 bitcoin you want is hard but possible because in trading once you invested to the potential coin possible it will grow.

Until now I don't see any trader who use small capital and turn to 1 bitcoin if they have can anyone share?

Goodluck to you mate and I hope you reach your goal of 1BTC soon but however, 9,266 and 9,395 is not 8% gain, that is just 1.3% gain. For you to gain 8%, from 9,266 you need to reach 10,007. But still good luck and I will keep an eye on this thread to see your progress.

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I know what you all are thinking, a 20,000% Gain? Impossible right? Well you're probably right but who cares, im gonna try anyway.

I deposited 0.005 btc on Jan 30 2020 on bitmex (img), I will now record my trades and setups here, hope you can gain something from this!  ( Transferred from bitmex to bybit now)

My current setup (will be updated) - TA

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Trades

1. shorted at 9458.5, After a few hours, i took profit at 9262. This resulted in a 0.0002 BTC profit, which is a 4% gain for me. (img)

2. longed at the price i took profit at, which was 9266.5, after which i took profit at 9395, which was a total profit of 0.0001 BTC, which is a 2% gain for me. (img)

3. Shorted with 300 contracts at 9395. This was one of my better trades as I took profit at 9260, 9145 and 9295. Which resulted in a total of (drumroll please) 0.0006 BTC Profits!! Which means i have grown my intial 0.005 BTC to 0.006 BTC now! It was a nice 20% ROI in only 2-3 Days. (img)

4. 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.

5. 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 0.0016 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)
Update: Took some profit (100 contracts) at 9193.5 Thinking it goes back up to 9250 so im gonna reenter some shorts there (img

6. This was my position (img)
I had locked in profits of 0.0053 (brought down the stoploss) which ultimately got stopped out due to a pull back, which brought my total balance to 0.0124 BTC (approx 150% profit from the start)

7. Longed at 9473 (img)
Thinking that we bounce from here all the way to around 10400 and complete a sort of cup and handle play. Update: Price didnt react as i expected it to, now thinking price goes down again to test 8285, so i closed my position for a 21 mBTC profit bringing my total balance to 0.012

8. Shorted 8694 (img) Took profit of around 40mBTC bringing total balance up to 0.0184

9. Laddered shorts at 6200,6300,6400, stop at 6500, 100 contracts each (img)

Current balance- 0.0184 BTC (268% profit) (img)