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$).
Here the most important thing is every profit will be added budget and calculate for daily percentage profit as well. So there will be no cash out during the challenge.
I believe myself it is possible to reach it with patience, discipline and sustainability as well. The first couple months will be hard regarding to profits are very less as daily couple dollars. When you look chart, the daily profit will be more than my monthly salary after 10th month. This profit is %2 percent of all budget. It is about to 3 seconds futures trading if you keep it in correct time.
So, I will share the rules on next post. I am exciting to compare end of first month profit with my target profit in the table!! This will be my motivation to keep it up!!!!
Before yesterday I closed all my position with 500$ losses due to I was expecting this market crush again. I cash out 850$ for some couple needed and I just left 100$ for starting challenge freshly. This is not give up, this is a small break only before massive increasing of market.
This is the photos from December and January trade. As I told you, I got actions to save loss from $DAR which is closed automatically. Still I am waiting for others. How I action as correct of course I actioned as mistakenly that is why it is called challenge. As you know that Blum platform was helping me so much to increase my capital 50%. So I am still going on and I am not active because really I am so busy on my work and same time there is nothing to share after waiting in loss.
Hey, Of course I am not give up. I received some comment if I gave up or lost. No, still I am waiting in loss and I do not want to get action till I close all position. I only open some position to save 200$ loss from DAR last time, I already exceed it and only $WLD and $ACE I am waiting. When I close, I will continue my challenge as well.
Currently my capital is about 850$ and when I save loss it will be around 1190$. I am believing that it will be soon.. I am same time relax because regarding to my excel, December capital should be around 580$ and I have more than this. So no need to take more action.
I am still stuck on same positions. Tomorrow $DAR contract will be renewed and it will close automatically. I am upset because I am in loss as 25% of my budget. So I am assuming I lost it already but I am still keeping if there will be last minute pump etc. Anyway, regarding to my first excel table which is pinned on my profile, my plan for December capital is about 550$, I am already over it even DAR close as same lost. So let’s see what will be going on for next month on the challenge.
I could not be on safe side because avoid to use stop loss because I have believed that market will go on but anyway, maybe I could not keep 4 digit but still I am on this challenge not less capital than my first plan. Merry Christmas for you all, have a nice time with your family and please be on the safe side always on your trade!
As always stack on the long position. I am scared especially from $DAR because of contract changing and 26 December position will close. It is really on the challenge now😅 currently loss around 47% of my capital and yes I did not put SL again 🤦♂️ Let’s see how the challenge will go on..
Hi, I have been so busy nowadays on my work. I could not update as same like before. Even I could not answer many of comments, sorry.
I just want to mention that regarding to last month cash out update, I already cash out 25% of my monthly profit as 260$ for December. I invested 60$ to Blum platform and I got the remaining. So I am continue with 1193$ on my challenge. Regarding to my excel table for December, I supposed to have 786$. So, I am still more step ahead.
Currently 3 long positions open, $WLD , $DAR and $ACE . DYOR, I am awaiting increasing on ALTs in couple days. So far, my positions are 15% loss from my capital. But there is no liq level shown regarding to 25% of my capital with 5x leverage. So, I am just in patience and there is no fear so far..
I want to mention some numbers. When I started to this challenge with 42$, daily target profit was 0.8$. It is now about 24$. It means, compoun growth can make you earn your initial capital in 2 days after 2.5 months. Even, I cash out around 370$. So those are for short term, if we can look for long term it would be 3 digit more as well. So, patience need to ongoing and should not forget rules as I forget last few weeks as well.. After close the positions on future, I will continue freshly to challenge with more sustainability. I start to manage 4 digit capital and needs to be strong until reach 5 digits as well..
Have a nice and safe trade, even I forget time to time please never forget to be on safe side!
Update Day 75-79 First Starting Balance: 42$ + 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!