Bitcoin Forum

I posted that I can be able to make $2 profit from $100 trading capital daily for 20 days to make $40 profit in total but Don Pedro Dinero opposed it that it is not possible.

I proposed $50 bet between him and I and he accepted.

All evidences that I make the money will be shown on this thread. If I do not show it, that means I have lost the bet and I will send $50 to him (Don Pedro Dinero). If I make $2 daily profit for 20 days, Don Pedro Dinero will send me $50.

Don Pedro Dinero have accepted it already on a thread but it would be good if he confirms the acceptance also on a post on this thread.


The exchange that I am using have GMT +8 time zone. I wish to change it to GMT but it can only change for the candle sticks and not the trading PnL stats. So trading starts at 4 PM if this forum time is used.

---

Warning:
Please know that trading is highly risky. Risky as gambling if you check the statistics of traders and gamblers that are losing. Please do not copy me because I have strategies and other information you may not know if I win. Also know that I may lose but we just want to have fun.

Trading with the amount of money that you can afford to lose.

I saw your challenge on his topic in the Meta board.
I like you self-belief by the way it shows that it is backed up by experience.
Do you think you should make this thread self-moderated?
Good luck to you both.

Is this something someone should doubt each others and has he traded with you before to know if you are capable or not?
To me since is not something he is seeing you physically I don't think it's wise to go on blind bet, even though you would have to post screenshots I doesn't make any sense except its a live trade where everyone would have to watch how it goes. But however, can more people join on this bet if they feels like joining?

This is going to be interesting. Are you hoping to trade on the 5 minute chart or something? Also, does this trading include leverage or only spot? With leverage it might be possible. As a trader myself, making 2% a day for 20 days without a single loss is far, far harder than making the 40% in 20 days.

As somebody that's been trading for quite some time (and losing some time :D), this is an interesting experiment.
TBH, I'm on a side where consistent profits are almost impossible, but thinking of it, and looking how volatile the crypto market is, I guess making 2$ profit on a daily basis is somewhat attainable... provided that you are EXPERT enough when it comes to technical analysis.

Anyhow, I'll be like one of those users out there that will be observing this thread. Good luck to both of you, and I hope with this thread, I will gain more knowledge when it comes to trading. :)

Any side betting and/or stats going on?

Well this is interesting indeed! I do believe it is possible but you will need to be online all day and always try to time it correctly. A gain of 2$ on a 100$ budget is 2% so with 1 good trade, you can reach that goal. Keep us posted as we might be able to learn something from this experiment.

I am not saying it is not possible. What is not possible is to get a daily return of 2%, let alone 5%, for a day trader whose main activity is trading. And what I am saying is that the larger the time sample we take the more unlikely it is.

But I'm willing to take the bet because I think it's unlikely you'll get it. And also because it can be fun, as you say.

1. I would prefer to bet in bitcoin. Are you ok with 0.0005 BTC?
2. In the bet you have to set a daily minimum number of trades.
3. You can't use stablecoins or stop trading if you get $40 before 20 days, you have to act like a normal day trader who keeps making trades.

Maybe I'm leaving something out but it will come up. I see you as anxious to start, LMAO.

Daily minimum trades can just be 1 or more. I can not set it but I will show all the positions that I closed which will contain enough information about the trade.

I agree with other conditions stated.

I have sent $100 to the perpetual future account.

https://talkimg.com/images/2025/02/06/evDFw.jpeg

Isn't should be compound interest? ???

2% per day means it will be $148.59 in the day 20.

https://imgvb.com/images/2025/02/06/4591f98cc00514a4419ed5f82af2ea79.png

True, making 40% in 20 days is easy since if we lucky, then we can make it.

But 2% daily is hard, even currently is bull season, my trading portfolio is currently at floating loss. :D

I'm still waiting my altcoins to pump and I will sell it when it reach 10% profit from the price I bought.

From my experience, it looks like Don will win, but Oshosondy is active in this section and has balls to make a challenge.

It is simple interest.



Day 1 profit

https://talkimg.com/images/2025/02/06/eYuFJ.jpeg
https://talkimg.com/images/2025/02/06/eYwoC.jpeg


Trading is very risky. Use the amount that you can afford to lose for it.

If you carefully re-read the terms of the wager, you will not find any mention of 2% per day. To win, the OP will have to earn a daily profit of 2 bucks for 20 days. Accordingly, in 20 days he should receive a profit of $40, which will amount to 40% of his initial capital.

But I would like to say that you should never take extra risk while making profit, because you will make daily profit, never to mention trading is definitely risky.  So you don't get too greedy because if you get two dollars, you stop training like today and start it again the next day. 
Maybe you can take one or two trades to make money to hedge the bet but it would be totally risky to take more than one trade.  So if you use the strategy you can definitely be successful, earning $100 to $2 profit per day is within control, I can say for sure that you will be successful.

That would make sense for someone who trades with a small amount of capital, to reinvest what he earns to continue to make a return, but in this case we count simple interest. For my part I don't mind giving Oshosondy that small advantage because I think it's much more unlikely that he will make the profit he expects.


This does not match your assertion that it is easy to make 2-5% per day.

In any case, the bet is on. Good luck to you.

I thought that I'd only see something like this in the gambling section through sports but we've got some bets in how profitable one can.

Good luck and this is already a quota for you within the day. It's interesting to see that someone can prove that it's possible to earn that in a day but this is still going to be long.

This is interesting and i like the way two of you agree in taking up the challenge, this is going to be a lesson for us that are yet to grow more thicker skin on trading, but at the end, you are making it more of fun, educative and informative on what is possible and not possible with trading, from your last words, you render a warning note for people not to do the same as you do, except they agree to take the same risk on trading and loss, am eager to see how this will go by far and the end as well, because it will be a motivation for some who couldn't defend their guts on trading.

You have not been active on trading discussion is my guess. If you are active there, you would have known how I post there. If possible you can search people that post 'use the amount of money that you can afford to lose to trade' you will see me among the first 5 people. I guess you only come there recently and start making conclusions.

You can make money from trading. But use the amount of money that you can afford to lose let us pass the message to people that trading is risky just like gambling but not gambling. But if someone is making it in trading, he will become pro and have his own strategy.


Day 2:

https://talkimg.com/images/2025/02/06/ey7mb.jpeg

https://talkimg.com/images/2025/02/06/eyKgd.jpeg
https://talkimg.com/images/2025/02/06/ey8kI.jpeg

No, but I know the rubbish you were saying in the other thread (https://bitcointalk.org/index.php?topic=5528527.msg65020490#msg65020490). In any case, you seem emboldened. Congratulations on the first two days in profit. If you win the bet you will get 90% profitability in 20 days (if you take into account the trading profit and the bet profit).

I dont see in any way this is impossible. I know of someone who can make a minimum of 5$ a day from trading he is not greedy just sticking to it. However, you are certain of what you are doing so good luck to you.

Also, I think Don Pedro Dinero is relying on the fact that humans are bound to limitations or impromptu failures. You may be unlucky one day and he wins the bet. I still don't know how you tend to pull this off.

28 days to go. I am watching.

3rd day

https://talkimg.com/images/2025/02/07/eLwm2.jpeg
https://talkimg.com/images/2025/02/07/eLHpP.jpeg
https://talkimg.com/images/2025/02/07/eLAJc.jpeg


Trade with the amount of money that you can afford to lose.

Great job, Oshosondy. It takes real confidence and experience to do what you’re doing and you’re definitely walking the talk. I really like your approach of reminding people to trade only with what they can afford. It’s clear you’re having fun with this, and I love the point you’re making: that steady, small gains over time are what truly matter for a profitable trader, not just chasing a fixed $100-a-day goal.

Wow, this is really interesting, and I feel like participating in it, because in as much as it looks easy on paper, it might be very difficult to get it right  in 20 days straight, because the major challenges that @oshosondy will be facing is trading under pressure, which is not quite good for a trader, but it is actually going to be interesting if it can be transparent for everyone to see, and we can equally learn something from it.

It must be bloody exhausting when besides market volatility there is a trading wager weighing on your psyche. Despite my skepticism about your challenge, you've already walked a small part of the way, keep up the good work.

He does not need to hit the 20 days straight. Today is the third day and he has earned over 2% (simple interest) daily. If he were to continue like this he could have a couple of losings day but win the bet without having to risk too much. It will be interesting to see what happens when a bad day occurs, or if he has a couple of bad consecutive days, because depending on the percentage loss he might be forced to change the strategy and risk more.

Day 4

https://talkimg.com/images/2025/02/08/eo0j5.jpeg
https://talkimg.com/images/2025/02/08/eoqPd.jpeg

Trade with amount of money that you can afford to lose. Trading is very risky and similar to gambling if you do not understand how to trade.

Day 6

https://talkimg.com/images/2025/02/10/eihKZ.jpeg
https://talkimg.com/images/2025/02/10/eicff.jpeg

The price of this coin still continue to increase but I just want to make sure I have at least $2. It would have been around $4 if I close it now. The fall can be at anytime.

Trade with the amount of money that you can afford to lose.

Wow, I like this and I just saw it, this bet attracts friends, getting $ 2 from a capital of $ 100 is very possible and it can happen at a matter of seconds if you use a bigger leverage, I think you will win this bet and Don Pedro Dinero he will lose In this bet.

The sixth day is quite good friend, you use leverage 10x with 20% of the total, quite reasonable, easy and conservative, fluctuating in meme coins or altcoin with low capitalization is much faster in fluctuations so that it is very possible in minutes to get $ 2.
I believe you can sir. ;)

You are correct but do not let it confuse people to be thinking that I used 10x leverage. I only set it to 10x which is the default but I use 20% of the trading capital to trade. That make it to be 0.2x leverage in reality. There are sometimes that I may use more leverage depending on the coin that I am trading. Example is when I am trading bitcoin. Also depending on the market.

Making $2 daily is very posible for a trader that has been in the crypto trading for months or years. Using $100 to make $2 daily is a sign of risk management and op will be able to make his way even by scalping the market to make small money.
It would be bad when a trader try to challenge the community that he can turn $100 to $100 with few days. Trading is just like gambling and when risk management is not enforced, it will make a trader to be too zealous to make huge amounts from the market with small capital just to satisfy his curiosity.

Of course, using high leverage, you can make a big profit in a matter of seconds. And this is what attracts newcomers to futures trading. Obviously, they do not understand that the market may move in the opposite direction to their expectations and they may lose their deposit in a matter of seconds.

What are you even saying I have been an active trader and I can say that having live trading is somewhat out of point also, trading comes with high risk, and as much as a trader wins, he also loses so for that we have to always call for caution while trading.

But that doesn't mean making $2 daily I'd impossible for a week, even a newbie trader can make such small profits daily with discipline.

Although we have to accept the fact that it is also very hard especially trading in highly volatile coins for me I use Bitcoin and XRP as my example.

I can post more screenshots I have the remaining $2 daily records on my Bybits.
https://talkimg.com/images/2025/02/11/ebcfg.jpeg

I records from 6-02-2025

Well, actually this thread stems from the opposite assertion (https://bitcointalk.org/index.php?topic=5528527.0), namely that it is easy to get returns of 2-5% per day consistently as a day trader. For the bet we took the low end of the range, 2%, and a short period of time, 20 days, but I have to say that Oshosondy is in the way of proving me wrong.

Yeah mate it's all good as Oshosondy mentioned we are all doing this for the fun, and I am glad we can prove something here, what I also know is that both you and Oshosondy are right in as much as we can prove the possibilities and its dangers, I read through the thread you shared and I see where the arguments started from.

We are here to learn and improve, and aside from posting on Bitcointalk some of us are active traders with long periods of experience in both losses and wins along with that we can build a strategy and if you follow such strategies you can lower the losses and increase the profits chances.

Op, this bet is risky in your side. You wouldn't have bet for 2% profit for 20 days. That is a high risk, you would have actually bet to increase your portfolio from $100 to $140 in 20 days with whatever trading strategy you have. You show us your wins and losses throughout the journey.

Do you know the mental stress you'll undergo for 20 days just to prove a point.
Turning $100 to $140 means, assuming it was $10k, you will turn it to $14k and that is 4k profit.
My point is that you are doing much just to prove a point.

If it is like this, we would not have bet. They said someone can gamble with the $100 and make $40 in just a single day .

Just like today that the first and second positions did not favour.


Day 7


https://talkimg.com/images/2025/02/11/eDJOv.jpeg
https://talkimg.com/images/2025/02/11/eDrvg.jpeg
https://talkimg.com/images/2025/02/11/eDjCH.jpeg

Now I understand your strategy, if you follow it, you can win the bet) You will open more and more orders until the profit from the last order covers the previous losses and you will receive an additional profit of 2 bucks.

It sounds to me a bit like the Martingale strategy in the casino, which works until you hit a bad streak. Think about what happens if instead of two negative trades he gets 5, 8 or more. But my applause to Oshosondy for how he is performing in the challenge anyway.

That's, I believe, what it is too. Plus although you're right that it will work until OP hits a bad streak, OP has the choice to short sell an asset and have a more favorable trade if the previous trades were going against him, and therefore have a more probabilistic advantage.

Plus yes, my applause to OP as well! He is indeed doing good.

 👏

Yes, I am well aware of all the risks of such a strategy, but the OP has no other choice, since any other outcome would mean losing the bet. I would also follow a similar strategy if I were in the OP place. And I also, like you, believe that it is impossible to finish every day with a profit for a long period of time.

Pedra you are very correct the fact that one can not predict the direction crypto coin price will take makes trading somewhat unpredictable, so yeah there are days we lose on a continuous record as you mentioned like losing 5-6 times bit that can mostly occur with a newbie trader as a pro-crypto trader, once you hit a losing stride, the next thing to do is to do a careful chart analysis to discover where the resistance and volatilities exist, to take the right position to get your target profits.

I thought the bet between Pedra and Oshosondy was just.flr fun and yeah 20 days is way too long to prove a needless point, at least a one-week bet duration would have been more fun as many of us may get tired of this thread pretty soon.

I understand that this is the deal between you and Don Pedro Dinero but if you succeed in this deal, what about to make things more spicy? Let's create another thread and give yourself a challenge, try to make 2% profit every day, and continue from your 20-day streak. According to compound interest calculator (https://www.thecalculatorsite.com/finance/calculators/daily-compound-interest.php), you have the potential to turn $100 into $137,740 if you generate 2% every day and reinvest the whole capital every day. In 2 years (730 days), you can have $189,725,360. I know that the chance of this is slim to none but it would be a nice challenge if the thread is updated every day or at least every week.

That's 2x leverage, meaning you use 200% of your capital.

No. Although I can use higher leverage but it depends on the coin and how the market is. But specifically on the trade that I posted that, which I also make over $2, I used $20 to trade out of $100 because the coins were massively volatile. $20 out of $100 is 20% and that is 0.2x leverage.

---

Day 8

https://talkimg.com/images/2025/02/12/eeqRz.jpeg
https://talkimg.com/images/2025/02/12/ee012.jpeg


Trading is very risky. Trade with the amount of money that you can afford to lose.

[moderator's note: consecutive posts merged]

https://talkimg.com/images/2025/02/12/eqw5f.jpeg

Just for the fun, and getting closer to the end of the $2 daily gain in bitcoin trading, I trade bitcoin mostly because of my strategy not to lose at any point, unless time, but altcoins are too volatile for my liking and in all my days trading altcoins have been my most recorded lose assets.

I noticed bitcoin is ranging recently in a way both those that long and short it can make money. But one thing about it is that you have to be very patient. But I noticed that bitcoin has been the reason I lost money in trading. It is because of the leverage which I do not calculate very well before. It cost me money last year December but I decided not to use leverage with it but the profit is very low. If you trade bitcoin and you are making money from it, you are a very good trader and I respect such a person.

Sorry that I skipped this. Compound interest only means greediness in trading and what that will happen is most probably losses at the end of the whole thing. My advice to trader is that they should avoid compound interest.

As somebody who's still learning trading, this might be a huge thing for me. I mean I always think of compound interest whenever I trade. Now I'll try to just focus on earning a specific amount of dollars on a daily basis depending on how much capital I'm currently using.

You've been profitable for the last 9 days and you're near halfway to those 20 days already. Can I ask what are you using whenever you're trading? Are you using price action? Support and resistance? What time frames you mostly using before making an entry? Are you using indicators? If yes, what? What's your normal target profit on a daily basis? Sorry for having so many questions but asking from somebody who's profitable in trading a good thing for a newbie like me would be. For sure, many will gain knowledge from this as well.

I believe it's not because "he has no other choice". It's the trading strategy chosen by OP, WHICH he also probably knows that can win him in this wager against Don Pedro Dinero.

To be honest, I would also bet against OP's proposal. But because OP has been very consistent without a day of not getting a profit of $2.00 a day, I might start doubting my bet. Haha.

 https://cdn.imgchest.com/files/6yxkca3aae7.jpeg

I like this thread and I like both the people involved, however, and just call me devils advocate but, the correct way to do this is to post the shot of the order placed when it is still open, and then the order when it is closed...

I know the screenshot shows a daily pnl, but there are ways to manipulate results AFTER (not possible before). I trust OP is showing the real things here but just for future :)

@Don Pedro 20 days is easy, but if it was possible to do 2% a day for 1 year, compound that and you double your total in 25 days... and x9 in 101 days... your $100 can be $900 in just over 3 months. You can figure out how much you compound in 1 year? $137,740 ;)

The true journey is to share 1 year. Good luck OP!

But also still be careful and try your strategy with little amount of money. Both simple and compound interest are risky but just that compound interest is not only risky but stupid the way people think of it. There are still good approaches for it but in a way the interest will also just be similar to simple interest.

I use many strategies. The most important is to start trading with small amount of money which is what I do advice. I do not know how I can explain all my strategies but it is good to know when to close a position if the market is not favouring and also how to open a new position. The more risky part is to learn about averaging. It is very good, especially for swing traders. There are sometimes that Martingale can help, but I prefer it not to be part of my trading pattern. I used it recently but it has to be used at the appropriate time. Averaging and martingale are common causes of liquidation so you have to also be very careful of both. If not used appropriately, the trader will noticed he is losing even more than expected. Take note of this, idicators and charts are not accurate, but if you have been reading them you will see something similar which give you the right time to make the next move. This is very important and do not make it to be too urgent but just wait until the right time.

I will not advice anyone to follow my trading pattern. Just learn you own by using small amount of money for trading. My strategy may be bad for some people.

It is one of my alternative trading account on the same exchange. I have at least 4 accounts, although most are dormant including this one as I am not using them except for special reasons which is not often at all. If anyone is not satisfied with the result and think it is not true, I can let one of the reputed members to have access to it and see if it is true or not. We are in digital world, even what you recommended can also be manipulated.


It is not easy at all. Also what makes you think the 20 days will all be won. What if I lose?  ;D

Well, this as we said further back stems from a thread where there were people saying that it is easy to get between 2% and 5% daily returns in trading. I think that those who said that in the thread are either loudmouths who don't get it themselves or just people who don't even trade and write that to meet their weekly quota of the campaign. All except one, Oshosondy, who is proving in the challenge that he is a good trader.

Regarding the fact that the screenshots he posts could be manipulated, yes I am aware, but in principle I trust him. If in doubt, you could ask the opinion of joker_josue, who seems to me to have a lot of experience in these things.

A year is a very long period of time, so this bet is not bad, as is the amount wagered (0.0005 btc or about $50) which I think we can both afford to lose without affecting our finances.

This thread is a classic example of straw-manning the core argument.
No matter if OP wins or loses this bet, this does not prove a thing. I mean, seriously this is how you prove a point by making 40$ (within 20 days ;D). How about a real discussion on the math based on large enough sample sizes.
Just to show you how stupid this thing is, I will make the same bet; 20 days 40$ profit from $100, I will do it by playing dice and other casino games.
My last offer  (https://bitcointalk.org/index.php?topic=5528970.msg65029814#msg65029814)of 100 days challenge to OP is still standing.

 

I agree, for me Oshosondy winning the challenge does not prove that it is easy to earn 2% to 5% daily. I also told him that the longer the time I was willing to bet more, because as you say it reduces the variance and increases the probability of finding a bad streak in that kind of Martingale he is doing.

But I wouldn't call it stupid, it's simply a minimum bet. If we took a maximalist approach, in addition to being longer in time it would have to be 5% daily, which is the high end of the range that was discussed in the thread about the supposed ease of achieving that return.

Day 9


https://talkimg.com/images/2025/02/13/q22cf.jpeg
https://talkimg.com/images/2025/02/13/q2U0Z.jpeg
https://talkimg.com/images/2025/02/13/q2XM8.jpeg

Why is the market so bad today?

Trade with the amount of money that you can afford to lose.

Day 9
https://talkimg.com/images/2025/02/13/q2rdj.jpeg
Just for fun, yeah the fist trade with the lose of $0.05 was a mistaken position, so I hard to close it but yeah I was able to meet up with my daily profits target.

Good luck Oshosondy, best of luck mate hope you achieve that long walk, getting to 20 days of steady trading can be tiring but then for the fun I keep supporting the thread.

Please don't trade with an amount of money you can't lose, cryptocurrency trading os a highly volatile activity and you can lose some or all your money.

Been following this thread. Kudos to OP and whoever is involved. The truth is, trading isn't as easy as people think. Even that 1% or 2% profit counts. Now put it at a level where one is consistently making it over time. It's pretty impressive. It means they have mastered the art of day trading and staying longer in the game.

Even if a trader lost a few of his trades during the course of time. It's still an awesome win rate so long as they are managing the risk so well. Not, so may people can achieve that.

I was thinking of a thread where users could post their wins, losses, lessons learned in trading etc. but maybe this will be a topic for another day  ;D

Push on folks, I need to see the end of this challenge  :)

What I recommended at least can be verified ourselves. If you post an entry price then we ourselves can check if this price indeed was possible at the timestamp you posted :) Like I said, I know you're good for it, but for the benefit of objective viewing, all trades should be posted as a 'signal' pre-trade. And even target price. Then everyone in future can go back and see if this was the true price at the time. That's all :)


I see it as the same as probability. If we loosely translate 2% gain as a 1.02x gain, then it is a loose probability of 98%. To win 20 in a row is 66.7%. It is very possible, more than coinflip :) a 50.3% win probability at 2% gain is 34 in a row ;)

So I am saying, without knowledge and randomly buying/selling, with volatility, you have a 1 in 2 chance to gain every day at 2% for 34 days in a row.


I trust him also, but I suggested it on benefit for all who don't know or trust him.

You know, like in Bitcoin, trust but verify ;)

Forum is 99% loudmouths in Trading and in 90% in Gambling, indeed. All talk, no show.

No, if you believe it to be random (as you have said). Every trade is unique and will have the same probability of losing and winning. The way you put it is a classic example of the gambler's fallacy .
The remaining probabilities do not carry over to the next round :D.

Day 10
https://talkimg.com/images/2025/02/14/qXkml.jpeg

Note I learn everything about trading from the comments pf bitcointalk members and being an active trading board member,  ops bybits is killing me with high trading fees, which other reputable exchange you recommend for low trading fees.

Thanks waiting to hear from you Oshosondy.

To make it more stressful when I am trading a very volatile coin in a way that I will prefer to even screen trade at times. I am a trader but I am not a signal provider. A good trader can easily know the differences. Are you a trader? Your post makes me think otherwise. Knowing the basic of trading does not mean you are trading. I may be wrong about you. Do not see my post offensive but your suggestion surprised me if you are actively trading.

Should there be anything more than posting that I can let a reputed member access the account? I can let Don Pedro Dinero have access to it.

The paper I read a month again stated that 95% of traders are losing. Why 95% of Traders End Up in Losses (https://www.binance.com/en/square/post/16989728795490)

Although the recent article stated 90% which is still like no differences.
Why 90% of Traders Are Losing Money and How You Can Win (https://www.binance.com/en/square/post/18874358227130)

This is the reason we tell people to trade with the amount of money that they can afford to lose.

If you want low fee on Bybit, set limit order in a way the position will not be close immediately. It is the second exchange that I used most for trading as it has the best good user experience but the fee is high for me just like most other exchanges. I prefer to use MEXC which has the lowest trading fee among all exchanges.

I followed the discussion in the other thread and I'm happy to see this challenge coming out of it and the boldness of both sides to push it through. Maybe this will change the mindset of a lot of people about trading which many see as a shortcut to poverty instead of a wonderful opportunity of making money. The 8 days of making 2% simple interest is already a powerful achievement on the side of the trader and through such strategy, wealth can actually be built. I'm patiently waiting to see the end of this and I hope we all learn something important from it.  

Again how do we know if Op is the one who will be running this trade himself or isn't him going to be trading using a bot? Or even someone else, so how are you going to authenticate you run this in a live account too and not from a demo, because with Demo ,this might be way easier to achieve than in with a live account. therfore if Op can run consistent $2 profit for straight twenty days, he can as well do that wining a higher amount with his tested strategy

Its kinda cool there's a discussion and now there's a competition about making a trade profit challenge, I guess OP you can share your strategy after this challenge so others have an idea what are your analysis, and takes about the market so even this is a friendly event of yours others too will benefit about their possible gain knowledge with your current trade and comparison with their trading techniques too. Good luck to your challenge will follow this thread.

https://talkimg.com/images/2025/02/14/qwXmT.jpeg
Kind of cool how proving a point for fun has turned out to be so exciting making us put extra effort and time into doing the challenge, the ops started this thread and I have been actively following with yeah my own daily trading activities reports, we started I used the $100 benchmark bit I reduced the amount to $50 since yesterday and increased my leverage that is why I could make such profits within that short time.

No, the OP will have a higher chance here, since he does not need to close every deal with a profit. And even if several orders are closed with a loss, one successful order can cover the loss and bring him the necessary profit of 2 bucks per day.

I lost the trade today in a way I may not be able to recover and make profit. To avoid more loses, I need to avoid trading.

To my fellow traders, sorry that I fucked up. I have no excuse but I went out to have some drinks today with some people. I am still posting and I did not drink to stupor but I made a simple mistake that began today's loss.

The mistake is that I have my trading account and the account I am using for the bet on the same device. I have £1200 on my trading account but I mistakenly use the account I use for the bet to open a position with high amount of money thinking it was my real trading account. I realized some seconds after but before I closed the trade, I was losing already.

Don Pedro Dineron won the bet. Post your bitcoin address so that I can send you the 0.0005 BTC immediately. If you send it ASAP, I can send the coin right now if I have not slept yet because it is already night here. Or I can send it tomorrow morning immediately I wake up.

Like I have said, there should be no excuse. He won and congrats to him.


Because of the mistake, I think we can go on one more bet? 0.0005 BTC just like this one.

Lost already because of a stupid mistake.

Same as gambling, human error is always the common weakness of every trader which the exchange is relying on to avoid consistent profit.

It’s very hard to be consistent in longer time frame because we have different activities outside our trading life that’s why we should onky trade when we are free.

Anyway, it’s a nice thread to watch and I hope for more friendly bet like this instead of arguing on pure words with aggressive comment.

I have been gambling since 2014 and I have been trading since 2020. Both are very risky and they can be similar to people but they are actually different. Most traders are losing but there are some ways to make money from it. Trust me, if not because of that mistake, I would have won today also. The trade was as planned but how I began it affected the result because it was also a very volatile market. I won on my trading account. If you need proof, I can show you. I opened the same position on both my trading account and my betting account with the right percentage until today that I made the mistake.

You should have finished your day's activities before going for a drink most especially with friends, well it is a normal thing in trading is either you win or you lose, but mate next also try to use different devices for such competition if you don't want to use your main trading account.

But left for me since I have been posting here, all my grades are from my main Bybit account, I used to have two exchanges before but when I started mixing things up led me to lose I stopped and only used one trading account.

Congratulations Pedra but Oshosondy we can keep up with the daily challenge just for the fun after you redeem the pledge to Pedra.

This is going to solve a lot of insults thrown at people in the Meta board of they can begin to channel that aggression into some kind of bets. Just like you I have followed this thread from the Meta board and it is good to see that it is going well. You can win a war without drawing blood and this is what the OP is teaching us all. I want when it ends everyone learns a lesson both on the human to human relationships on the internet and about trading.

I don't think you have anything to apologize for. It is possible that your loss will ultimately bring more benefits to beginners than your victory, as they will better understand the fact that it is impossible to always trade profitably and in order not to lose all your money you need to follow the rules of risk management.

2% gain 9 days in a row is already a good achievement.

Although the volatility in altcoins is high where we can just buy random coins in order to earn 2%, but in the reality we might suffered more than 2% loss and we will struggle to recover the losses.

Congratulations to Don Pedro Dinero, props to @OP for trying.

However, @OP isn't the only one trader who said it's possible to earn 2% daily (https://bitcointalk.org/index.php?topic=5528527.0), any trader can show up. ;D

Very well, risk management is essential in managing trading losses and profit possibilities, one thing for sure is that trading cryptocurrency is a high-risk activity and there is no way to predict the direction the market will go so the only thing one can do is to careful analysis the best trading position that put you fewer risk conditions if the market goes against in that way whether your asset went red, all you need will be time for it to recover, for some reason I don't place any target profits on my trading.

I just make sure I take profits when it comes and also wait patiently to recover if the market goes against my predictions, in my early trading days, I considered quitting due to consecutive losses but along the line, I learned the lessons to stick with a less volatile coin like bitcoin in other to make at least consistent profits and less loses along the line.
Day 11
https://talkimg.com/images/2025/02/15/qAm49.jpeg

Just like gambling, consider setting a quiting target and time, because you lose eventually if you trade multiple time in a day just like what happens to the ops, he could have avoided the loses if he hard not try to engage in multiple trading at the same time on same device.

This is a healthy bet using trade, Op and challenger both want to show us that each other's evidence of responsibility regarding their arguments. The important point is that seeing the consistency of OP's trade should motivate everyone to always have confidence in the action that everything can be achieved. Has it been fulfilled until now? I haven't had time to follow from the beginning but these few positive opinions are enough to prove everything.

Wow! I didn't expect this end, really.


I guess we have different views on this, when I gamble I don't drink a drop. Casinos traditionally offered free alcoholic beverages to customers because they know they will make more money with them. This has been banned in different countries by regulators. Even if it's just a few drinks and you're not completely pissed it negatively affects your game, or as in this case, your trade.

Here is my address: bc1qtm5dutphcs2jvz5uuxg5zq98d7w45qh7h882a6


I think it's a bad idea after what happened. Let's give a cooling off period of two weeks and from March 1 we will talk.

Sent

Txid: 252872a317f4ef66e927f4082618a4ab9857a8752507b6101cdf82c37e7530a0

Okay, not bad either.

Congrats.

While going through posts in this thread, I was happy you were making profit until it got to that part where you entertained that thought to allow "reputable" members to access your trading account to prove you were actually being honest. I was like "NO!" You shouldn't have allowed that distraction.You were bending to whatever people were suggesting. You didn't lose the bet. Rather, you lost FOCUS. Trading doesn't tolerate loss of focus. Anyone who makes such mistake most times will get punished for it. If you accept another bet, let it be on the terms you've with the challenger. Don't allow random folks push you around. Good luck next time.

@Oshosondy you just impressed me with your honest submission. Kudos! There are not many people capable of admitting their mistakes in public. Although I am against this thread the way it is trying to prove a point but I admire your courage and self-belief to start this against all odds. Congratulations @Don Pedro Dinero for winning the bet.

@Oshosondy that was definitely not the outcome I was expecting. Just seems so crazy that you would make a mistake, you know the funny thing is, if you made the mistake the other way, you would be in a big profit.

Its totally like when you accidentally put a double down on a hard BJ20 and it becomes 21. That's how I always think of it anyway.

Good luck to you, and like Don Pedro says, take a break first, then think how to prevent this in future, be chill dude, that was fun anyway!

Does anyone else in the topic want to bet against Oshosondy? I'll also bet for him. The same amount of Bitcoin, 0.0005 BTC.

I believe that if you didn't make a mistake you would have won the bet. Use a computer with a big display + drink a lot of coffee for the next bet. I am WITH YOU! 8)

Plus I believe March will give you an easier market condition WHEN Bitcoin is surging to $150,000.

It's seeing going to be fun watching this out as it plays.
I also like this fact that you've cautiously made this event a warning because some people might dive into it as another means of gambling as it involves a bet without undermining the side effect of loosing in the trade if it goes against a trading expectation.
While you've just made it a sanction not to imitate your trading strategy as it involves risks, I will also like it if you can update in the thread with the strategy you used at either your win or lost. It could alter lessons to some of us if either we adopt for profit or take conciousness to avoideor limit losses.

Here the point is that he proved he is really capable to win the bet. If it wasn't for that screw-up, he was well on his way, earning more than 2% profit per day. If he wants to redo the bet in a couple of weeks I will bet that amount again because I want to see how the challenge ends without a screw-up like this but I don't think you are going to find many people willing to bet against you (rather against Oshosondy).

I'll keep the offer open, and in fact, although Oshosondy is a capable trader, it showed everyone that one small mistake could make him and the people betting for him lost the best.

Therefore, obviously 0.0005 BTC to win the same amount is a more than fair offer. It could be unfair for Oshosondy and the people that bet for him.

This is great and I like the confidence you've shown it's more or less more of an experienced trader alongside an experience gambler and working through strategies I think you'll definitely win, but kudos in advance cause have not seen such levels of confidence before. And I like the fact that you can really specify both trading and gambling in such a way that a lame man can understand how it goes. And I like the last statement, trading with an amount you can afford to lose.

Hey Oshosondy,

I've been thinking that if you are up for the bet again we could do it starting from March 1st. If not, it could be another date. And if you've changed your mind, that's fine, we'll leave it, but in that case, I think it would be better to lock the thread.

Under the same conditions as last time.

I will lock the thread in some minutes time because I have other things that I am presently doing which will affect my trading.

This thread went the right way as it will convince many people about how trading is very risky. Trading is very risky to the extent that people should use the amount of money that they can afford to lose to trade. I am happy about this.

Another reason I later think about that will not make me to do it again is because of how people also know about this which is kind of affecting the way I trade. And if you are being too careful at times, it can lead to loss. Although it is good to be careful.

Maybe the mistake was for a good reason which I also see to be good.