$1k to $100k Challenge - Day 13 Trade #21 - POWR
Updated
Hello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 9 trades: 7 wins 2 loss
After 12 days and 19 trades:
Wins: 12
Loss: 7
Balance: 0.1878 B
USD: $ 1551
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead please limit your trades to less than 3-5% of your portfolio. Please trade smart.
Alright, here we go with Day 13 trade #21
I invested 0.0878 B into POWR. I bought 2187 @ 4009 satoshi
Sell target is: 4210 for 5% profit
Stop loss: 3818
I will be laddering my sell targets to protect profit.
POWR has good support at this price level dating back to May. This seems to be a common bounce zone and a good spot for trade entry IMO.
RSI bouncing up from oversold, CCI trying to turn positive and the MACD has crossed over and gaining momentum.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 9 trades: 7 wins 2 loss
After 12 days and 19 trades:
Wins: 12
Loss: 7
Balance: 0.1878 B
USD: $ 1551
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead please limit your trades to less than 3-5% of your portfolio. Please trade smart.
Alright, here we go with Day 13 trade #21
I invested 0.0878 B into POWR. I bought 2187 @ 4009 satoshi
Sell target is: 4210 for 5% profit
Stop loss: 3818
I will be laddering my sell targets to protect profit.
POWR has good support at this price level dating back to May. This seems to be a common bounce zone and a good spot for trade entry IMO.
RSI bouncing up from oversold, CCI trying to turn positive and the MACD has crossed over and gaining momentum.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Trade active
POWR off to a power start, trade is looking good.Note
Good morning. POWR made a nice run right at the start of this trade and hit one of my ladder sells at 3 1/2%. POWR retraced but has found support. I will hold this trade until the target or stop loss is hit.Trade closed: stop reached
Stop loss hit on POWRTrade Closed
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