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My $1k to $100k Challenge - Day 29 Trade #42 - LOOMHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 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. There is no nice way to put it, I am doing very bad. I am jumping in the trades too early or too late and am on a bad losing streak. Back to my basics, Base plays, with a twist. I will DCA buy if -5% is hit before my sell target, then make my new sell target my original buy in price which will give me 2 1/2% profit. What is DCA? Dollar Cost Averaging. Say I buy 100 shares @ $2 = $200. Then the price dips to $1, I invest another $200 and buy 200 shares = $200. Now I own 300 shares and have dropped my cost per share to $1.33 each. 100 shares @ $2 = $200 200 shares @ $1 = $200 300 shares total cost $400 = $1.33 average cost each My base play strategy explained here: Click image below to go the the Base play strategy post. After 26 days and 39 completed trades: Wins: 16 Loss: 23 Balance: 0.1517 B USD: $ 989 *Some trades may be pending and not yet included in my stats 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 you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 29 trade #42 I invested 0.0337 B into LOOM. I bought 2269 @ 1485 satoshi My Sell target is: 1575 for 6.06% profit If the price drops to 1410, I will invest another 0.0337 B and buy another 2390 LOOM @ 1410 satoshi. My new target will be my original buy in price of 1485 satoshi for a potential profit of 2 1/2%. My Trade Stop loss: 1336 (-7 1/2%) 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. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
LLong
by redking75
9
TRIG - Base Play Strategy 86% Success RateNew Base play opportunity on TRIG. What is my Base Play strategy? I wrote about my Base Play strategy here on TV, if you click the image below it will bring you to it. Base play trade instructions TRIG on Binance Entry: Buy up to 0.00006600 Sell Target: 0.00006950 Suggested stop loss: 0.00006270 Potential Profit: 5.3% Bases Respected: 13 out of 15 times in the past Success Rate: 86.67% Base Play Strategy Overall stats 102 days Trades Won: 770 Trades Loss: 265 Winning rate: 74.4% Total accumulative profit: 1975% Profit!!! Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
TLong
by redking75
WAX - Base Play Strategy 91.3% SuccessRate!!New Base play opportunity. What is my Base Play strategy? Click the chart below for details. Base play trade instructions WAX on Bittrex Entry: Buy up to 0.00001804 Sell Target: 0.00001900 Suggested stop loss: 0.00001703 Potential Profit: 5.3% Bases Respected: 21 out of 23 times Success Rate: 91.3% Base Play Strategy Overall stats 99 days Trades Won: 755 Trades Loss: 265 Winning rate: 74.02% Total accumulative profit: 1890.17% Profit!!! Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
WLong
by redking75
SNDX - Syndax Pharmaceuticals - Loyal to the base bounce?First of all, I'm in love with this chart, not like a friend, but like a secret admirer whilst in high school going thru my hormonal changes. Syndax Pharmaceuticals has consistently shown great loyalty to the bounce when it reaches lower levels, close to or under it's support. This Pharma stock has shown to have great support at about $8.00. SNDX has a couple products out right now that are in testing phases, Entinostat and the SNDX-6352. The recent 25% decline was due to the Phase 2 of the study being "unimpressive". This trial however, serves as a base for positive results for phase 3 trials, which is coming up soon. We should see some consolidation at this level until the results are provided, then a possible jump. Make sure you take profits!! We're looking at a target price on the low end of $12.00, and as high as $18.00. SNDX is currently sitting at $7.03 as I'm writing this.
NASDAQ:SNDXLong
by GPI-Legacy
Base Play Strategy - 1719% Accumulative Profit in 69 Days !!!Hi everyone and thanks for stopping by. I first wrote about this strategy on April 6th. Click the chart below for details how this strategy works What is my Base Trading strategy? When the price of a coin drops 5% or more from it's original base, and the past data for the coin shows 80% or more times the price of the coin has successfully gone back up to it's original base price. I use 10% stop loss on all trades. Over the last 68 days, 76%+ of the time this strategy has hit sell target. Below is the previous stats for the coin chart above: Bases respected (how many times the coin has gone back to the original base support) 15/16 (15 out of 16 times this play has worked) Success rate 93.75% 90% respected in 1.71 days (average amount of time to complete the trade) Base play strategy for AE on Binance: Buy up to: 42990 Sell target: 45260 Potential profit: 5.28% We have a bot on our Discord group, BFL (Bitcoin Profit Labs) that gives alerts when a new base play is available, and, when a base play hit the sell target or stop loss. Our Discord group: bit.ly See Live stats of my Base Trading Strategy Plays --> goo.gl If you enjoyed this post about my strategy please like and comment, thanks!
ALong
by redking75
5
BTC/USD - Rally Base Rally - What's Next?I do believe we are going to see some more upside here over the next week or so, but believe we are going to see a slight pull back and then higher price action. The red and blue areas indicate the path of BTC, I believe will play out. Price action painted a sharp move up and out (RALLY) of a weekly/daily demand zone. Then ranged (BASE) for about a day just under a the weekly .786. Moving sharply from this zone to form a small base. I believe price action will rally again to 9150-9300 area, then pull back to previous smaller base or back to the weekly .786 before resuming a stronger run up. Let me know your thoughts.
COINBASE:BTCUSDLong
by Crypto_Sid
2
Taking Another Stab at RetailersRetailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE, and ROC. Detailed post will be coming on the blog this week. I entered a starting position as price seemed to hold support at this current level. Will be looking to add as long as price advances my way. As always, let me know if you disagree and let me know what you think I'm not seeing. Always trying to improve, Brandon
NASDAQ:BGFVLong
by BrandonBeylo
Bitcoin: BTCUSD Trying to build base: Next buy and sell pointsBitcoin BTCUSD Next Buy and Sell Points The weekend rally ran out of impetus by Sunday night with no impetus still from far East. Since then Bitcoin has zig-zagged back down in a continuation pattern, finding support from just above fixed and dynamic support junction at 10772 on Bitstamp chart and bouncing back up to test the parallel above it before recoiling once more. Whilst this price action is therefore still providing a great space for day traders to trade within the parallels, it's not much help to swing traders as yet. But the near term double bottom and the dynamic support below price at 10772 has turned Bitcoin neutral in the very near term and given succour to the bulls for now, creating the little rally we've just seen. The bears are fighting back from 10987-11000 range and whilst they can hold price under here they remain in control still. Aggressive bears continue to sell from tests of the upper parallel and aggressive bulls buy from tests of support just above 10772, creating this stale-mate within this range for all but day traders right now. Next Buy and Sell set-ups for Swing/larger Trades: Bull case: Bitcoin is trying to base out here and 10772 is best place to do it from. If so it will bounce from 10875 first support and from 10772 at lowest now and then break above 10987-11000 and hold on any retest once broken above...that price action will flip Bitcoin back to positive and we can look to buy with stops below 10950/the parallel once broken. Bear Case: (beginning to lose it, especially if 10875 holds now) Bitcoin has to break below 10772 by 20 points or more to trigger a short back to 10547 initially, then to 10262 and then to 9912 in all likelhood.
BITSTAMP:BTCUSD
by sumastardon
3