There are countless strategies out there, but having a strategy that works for you and sticking to it is key. Get to know it, deeply. Understand its benefits and flaws, this is how you get good at trading. Also, have fun! :)
During this challenge I will turn 1000$ into 10000$ until December 31st. To reach that goal I need to have a +34% gain each month, a 1.7% daily gain (weekends off).
I only have one position open at a time and am able to give it my full attention.
My strategy is shorting when it’s overbought, and going long when it’s oversold. DCA until price goes in the direction we want.