Here are rules that needed to follow to reach my ambition in this 500-day challenge.
Firstly, I want to start with couple words what has been happening during my crypto journey. I met with future trading and first I lost couple of my budget. After I tried to learn techniques about reading charts etc. I have started to earn good profits even my daily spending I could get as well. After that I become greedy and I though to be rich in couple days because daily I could over 27% of my all budget!!
Here I want to attach this excel table. This is the table that exactly showing snowball effects. My challange will be approximately 16 months. During this 16 months I will invest more 50$ on every salary day till 12 months (Total 600$).
Here the most important thing is every profit will be added budget and calculate for daily percentage profit as well. So there will be no cash out during the challenge.
I believe myself it is possible to reach it with patience, discipline and sustainability as well. The first couple months will be hard regarding to profits are very less as daily couple dollars. When you look chart, the daily profit will be more than my monthly salary after 10th month. This profit is %2 percent of all budget. It is about to 3 seconds futures trading if you keep it in correct time.
So, I will share the rules on next post. I am exciting to compare end of first month profit with my target profit in the table!! This will be my motivation to keep it up!!!!
Update Day 75-79 First Starting Balance: 42$ + 100$ Deposit - 110$ Cash Out —————- PNL: 588$ from Blum Meme Coin Profit Rate: 71.6% Cumulative Profit Rate: 3282% Current Balance: 1410.6$
It was full of adventure last few days in Blum platform 😅 ı was sending 40% of my capital to this platform. I bought one memecoin. Than today they had manupilation sold all of a sudden like Market Cap drop from 1.6M to 200k. I was stack on some coins on long position and loss as -130$ around. But when they manupilated, I close all position in loss and send all capital to Blum as high risk and I bought all my money to this meme. Than when I got my profit than stop. That was all.
For now I had $TON coin spot from Blum platform. I will keep it so far if market increase again. If drop 10% more than I cash out.
So finally I hit 4 digits with my challenge which I started with 42$ dollars. I will stack my rules on pinned post again and never get risk like that!
I just transfer 150$ valued $TON to Web3 Wallet for invest one of Meme Coin that I think has potantial. Yesterday I got profit 1% and still positions are open with some ongoing loss. I will update once I close all position for Day 74 and 75.
As I have shared last posts, I was almost loosing my capital because of many mistake even I opened 5x leverage. So it makes me think about upgrade some strategy.
This time I would like to ask everyone “What kind of strategy you are following in your investments?”
I am working on some strategy for my challenge which can be lucrative with less risk. So I am open and will be happy to hear any idea from you!
Day 73 - 74 First Starting Balance: 42$ + 100$ Deposit - 110$ Cash Out —————- PNL: 109.3$ Profit Rate: 14.8% Cumulative Profit Rate: 1879% Current Balance: 821.5 Position $MOG long $SOL long $WIF long
I think I got my loss from profit last 12 days. So needs to maintain again… Market is not clear still for me..
Day 73 - 74 First Starting Balance: 42$ + 100$ Deposit - 110$ Cash Out —————- PNL: Total 93.3$ + 13.8$ yesterday: 107$ Profit Rate: 14.5% Cumulative Profit Rate: 1840% Current Balance: 805.5$ Position $WLD spot and long, $BNB spot and long
I sell all my spot and totally I am waiting in Cash. I will continue as my rule with 2% profit daily. Same time I am trying to create a strategy which is more safer. When I can see if it has good potential, I will update. I was trying to get profit for my last 12 days lose from target profits because of WLD. I have reached 18.4x from my initial capital. 425 days to go!! I am almost hitting 4 digits capital..
I want to take a look for November what I did. I will share detailed table on Friday, for now just want to touch where I am after 12 days stack😅
So, Starting balance of November was around 205$. After invested 50$ as indicated on my rules, monthly closed balance supposed to be 615$ around but I stack on $WLD and could not update. But when we look Futures PNL Analysis, as I shared, Net profit is 450$ (I cash out 110$ as 25% from my profit).
So, Starting with 42$ on this journey and continuously 615$ end of November. It means 1360% gain. I already cash out 110$ it means I have only 32$ from my investment money inside of my total capital.
I will make many updates on Friday regarding to my last biggest mistake. Market has no mercy as you can see yesterday.. Need to find more safer way..
I already buy $WLD and some BNB with my whole capital on spot. I will wait till gain my loss from my target profit than continue. I do not want to put risk with futures right now in this sharp market..
Day 61 - 72 First Starting Balance: 42$ + 100$ Deposit - 110$ Cash Out —————- PNL: Total 84.43$, Daily 7$ Profit Rate: 11.4% Daily: 0.95% Cumulative Profit Rate: 1676% Current Balance: 736$ Position $WLD
Finally, after stack 12 days, I closed it with a profit. Even 5x leverage, I made many mistake that up to 50% of my capital I use for short as every time it has been pumping and I was shorting, what a stupid risk!!! Anyway, it teachs me many things during 12 days and I literally watch my mistake which almost liq me.. if the coin was going to increasing 1%, I was going to liq. So, still survive and more stronger than before!!! I could not reach 2% daily gain with end profit but who cares still daily almost 1% profit from almost -620$ lost. The important thing is still I am surviving and 16x my initial capital. Many updates will come!
I will be not available regarding to I stack short of $WLD . It will keep me couple days for sure and I will not open position up to correction. DYOR, I am waiting it will pull back around 3.58$.
Day 60 First Starting Balance: 42$ + 100$ Deposit - 110$ Cash Out —————- PNL: 17.3$ Profit Rate: 2.9% Cumulative Profit Rate: 1462% Current Balance: 604.3$ Position $XVG Short $ACE Short $LDO long
So, little enjoyment with first profit of challenge, come back to the daily target. Market has many opportunity if you have a less risk as low leverage and using low percentage of your capital.
Enjoying first profit of the challenge. I already withdraw 110$ and 20$ I invested $ACA (DYOR) and open stake in other platform than Binance. So every cash profit out time, maybe I will invest spot coins or gold for long or middle term. This challenge will teach me to be trader not gamling player! Market look good to open some position for tomorrow target! Have a safe trade!
I have been thinking on risk management and same time more motivation about my challenge that how i can increase myself. I decided to start cash out monthly and I refer some percentage for this cashout that will not effecting my target for 500 days.. Also, the most important target of this challenge is learning to be trader. So, I will cash out some amount from my monthly profit (not whole capital) and I will use for personal or even if i do not need personally, I will stake it with some coins that I am following for long term or even Gold and Silver..
So I want to improve myself and I do not want to make same mistake as old times. Because we are here to make it more better for our life, to reach our dreams, no need to stack here whole 24 hours and needs to know how to enjoy with profit that will make you more encourage to follow your rules.. I am droping my new updated challenge table and i will cash out my first percentage of profit to have a dinner with my family :)
Regarding to cash out amount, i got percentage less for first couple months for considering compound growth, so after couple months if we can still survive in the market, you can see monthly 20-25% of monthly profit is coming more than most of people rate of monthly salary.. Decision is mine to avoid over trade, slowly but strongly growth is more better. Nobody can not make it in couple days, People spending their years to reach economically independecy (notes for me).. Also, Cash out dates i will maintain after this month as maybe middle of the each months..
If anyone has any suggestion please I would like to discuss about it!
Day 59 First Starting Balance: 42$ + 100$ Deposit —————- PNL: 26.1$ Profit Rate: 3.89% Cumulative Profit Rate: 1321% Current Balance: 697$ Position $PNUT Long $ACT Long $TURBO Long ($Hippo long was triggered on yesterday profit)
So I reached 13x from my first starting capital. Starting with 0.84$ daily profit becoming 14$. It means ever 3-4 trade you will get your starting balance.. This is what all I try to mention that compound growth needs a patience but after a while it will bring you more.. needs to maintain over trade, if the profit there market needs to finish for you. The opportunity is there everyday on the market. If you miss today, tomorrow there will be new coin that give you opportunity. How much you keep your trade on position, your risk as much as that time! See you on day 60!
Day 58 First Starting Balance: 42$ + 100$ Deposit —————- PNL: 13.22$ Profit Rate: 2.04% Cumulative Profit Rate: 1240.5% Current Balance: 663$ Position $SCRT Short $HOT Short $TURBO Long $BAN Long
Keeping 5x leverage and 5% of budget trade on. The advantage is if some coins on profit, you can take profit to add others which on loss. As same hedge mode but more safe. The important is your liq level 0.. it means even market so dump or pump, no stress just wait. Of course this style trade will work with aiming small profit. My target is 2% daily so enough and safe for me.
I walked a long way and still 442 days to go. Just needs to patience over come greedy habit, need to be trader not gambling player.. sometimes I am going other side I know. Still on the fighting
Day 57 First Starting Balance: 42$ + 100$ Deposit —————- PNL: 20.8$ Profit Rate: 3.36% Cumulative Profit Rate: 1191% Current Balance: 642.5$ Position $ACE Short $NEAR Short $WLD Short Yesterday while I am sleeping many open position got take profit so, the profit was on yesterday. I opened again each one 5% of my capital with 5x leverage 3 position and I got more than my daily profit and this time I stop for over trading.
I am almost 12x growing than my first capital. My first daily target profit was 0.84$ but now it is 12.85$. It means my daily target profit is increasing 1530%. This is showing you how compound growth can develope you quickly. If you cash out all your monthly profit (which is daily about 2%), it is 385$. It is 2.7 time more than your total investment. Imagine that how it will grow after 1 year as well. What is important that is surviving, not be greedy and get enough even profit is small. Because today less profit after 1 month bring you more and more!
It is what I am saying that your liq price is 0 and profit can be reached easily daily 2% or even more. All you need to do patience and enterance in correct way. (I know floki is little high because I intentionally add it).
Day 55-56 First Starting Balance: 42$ + 100$ Deposit —————- PNL: 30.2$ Profit Rate: 5.4% Cumulative Profit Rate: 1049% Current Balance: 582.4$ Position $ACE Short $DOT Short $TROY long
Using 5x leverage and less percentage of capital really helping you to manage which position is on loss so when you get profit from others you can add it to reduce or increase buying level. Same time liq price is mostly 0. It means even market drop or rise more and more, you can wait in a patience to get your capital or profit again. But the problem is that I am out of rule that not stop after 2% profit. So I only need to arrange it again.. I have ongoing position with Shiba and Turbo again.
Btw, I have reached 10x from my starting capital with 100$ monthly investment under my rules. I am going strong but need to maintain overtrading again. I almost reach even my December target as well… market is so sharp for both side and if you can manage, you can earn good. Just behave and get it enough even small profit. It is not good to keep position longer as well..
Just make a quick update, as I told I was trying to get more low risk position. I start with $TROY and than I take profit when it is daily high, after I saw momentum is broken on ALT coins than I just open short positions with many coins and now I closed them except $DOT , so for tomorrow I will only carry DOT. I can surely say that low leverage with low budget looks like got you less profit but be sure that it can give more profit with low risk. I will make main update tomorrow for now I am little bit busy my own things. Safe trade..