Turn $10,000 into 1 Million

[Rostchild]

I should follow the way of investing in potential coin.

The time frame is not set, so it s like to hunt to a very long long period.Somehow there should be some time limit,
lime max period to be possible to break until 1 million usd.

By the way, I think that I have to come here often, this thread should be visited to know the proggress.

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[HR]

I want to take a moment to better explain my present strategy. I said previously that I was adopting bear market rules. That basically entails selling rallies and not holding in anticipation of more extended upside moves. It also means a generally negative environment that trends sideways at best, and lose a lot at worst.

I will be hedging when appropriate, and changing how part of the portfolio works. More or less, around 45% will be LTC, around 30% either in position swing trades or hedged, and 25% will be actively traded using instruments that would meet swing trade criteria and with no instrument traded ever exceeding 2.5% total portfolio.

For example, yesterday I bought 0.1 BTC of STEEM to bring my STEEM “trading book” up to 100%. These positions are “scaled” into, and out of, by buying and selling progressively lower or higher levels. With that you can idea of what I’m doing here. 0.1 BTC in a $40,000 portfolio is around a 1/2 of a percent of the total portfolio, or around $220 at the time of this writing. Lot’s of trades involved, especially in ranges.

It’s a bit more complicated and a little outside the scope of this thread, which in theory should be left to the buy and hold swing trade portfolio strategy it started out being and not further complicated – something we can all do.

I’m more aggressive however, and, even though it’s practically impossible to inform on that type of trading (not to mention being terribly boring to begin with), I will try to share the highlights, and weekly stats, of course.

25% trading
30% either long swing trade qualified cryptos including BTC, or dollar hedged
45% LTC long term hold (that I’ll obviously try to scalp a bit too)

Cheers

[Pfizer]

I should follow the way of investing in potential coin.

The time frame is not set, so it s like to hunt to a very long long period.Somehow there should be some time limit,
lime max period to be possible to break until 1 million usd.

By the way, I think that I have to come here often, this thread should be visited to know the proggress.

That looks like a useful strategy, but in practise it's not valid. Waiting assets to reach 1 million dollar value takes decades clearly. The questios is asking for x100 multiply of the initial capital. So this could only happen with a trash coin.

[bet101]

Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make.  

How about a portfolio competition?

Using today’s price to establish opening position cost basis, the following portfolio has a minimum target of $100,000 (if everything goes wrong) and a maximum (still conservative) target of $1,000,000. (Explaining the reasons why goes beyond the scope of this friendly competition.)

Litecoin (LTC) – 50%
BitShares (BTS) – 10%
STEEM (STEEM) – 10%
Syscoin (SYS) – 10%
Nxt (NXT) – 10%
PIVX (PIVX) – 5%
NEM (XEM) – 5%

We’ll see how it does. Wish me luck!


Full Disclosure: I currently hold many of these issues as “long term” investments (but not all at this exact time since I’m still looking for a better entry on one in particular), and could purchase or sell any, at any time, and/or trade short term as well, with the weighting for this “model” portfolio being somewhat different from my own, where, for example, I am currently overweight LTC, BTS and PIVX.


https://i.imgur.com/MqTGARn.png


Edit: Forgot one very small detail at the time: the price of Bitcoin. It's highlighted on the 5 min chart below.


https://i.imgur.com/00lZU8s.jpg

I say everything is possible, will try to reach the million with $100 investment seriously.

[Ctn]

Good choice of investment but on what basis have you selected those coins to invest the money. Are you not afraid of loosing any percentage from there as any coin can go into loss without notice. How do you manage all the coins same time, what I mean is how do you deal with loss if any. Do you start converting one coin into another when it is going in the loss? Just simple question I want to learn. Thanks

[Digitalbitcoin]

Great example of successful trading, really appreciate.

Its basically a task that anyone can achieve but it needs more determination, judgement, perfection, risk taking capacity and belief, which you have and its proved.

Cryptocurrencies are one the best platform for investment now days. People are also getting good returns on their investment.

[ofergul]

Nice aim, i will follow your journey, i hope best for you.

[HR]

Week 7 Update



https://i.imgur.com/xycShBc.jpg


Current Portfolio Weightings

LTC 42.3%
SBC 30.8%
NLG 5.4%
STEEM 4.8%
SYS 3.4%
BTS 2.9%
PIVX 2.4%
MYR 1.7%
NXT 1.6%
XEM 1.6%
BTC 1.6%
MCO 1.4%
GRS 0.1%

[DarkIT]

Week 7 Update



https://i.imgur.com/xycShBc.jpg


Current Portfolio Weightings

LTC 42.3%
SBC 30.8%
NLG 5.4%
STEEM 4.8%
SYS 3.4%
BTS 2.9%
PIVX 2.4%
MYR 1.7%
NXT 1.6%
XEM 1.6%
BTC 1.6%
MCO 1.4%
GRS 0.1%

Wow great man! You are so crazy! I'll stay here for your update, maybe i can follow you. Its a good example for people to trust with cryptocurrency and learn again about cryptocurrency

[GoodLuck2]

Nice aim, i will follow your journey, i hope best for you.

Same here,  It would be an amazing journey of success with bitcoins’ trading. Bitcoins have the tendency to give anyone a ride to moon that is trading wisely. Just a little patience and practice can make you billionaire within no time.

[HR]

Sold 1/3 of my SBD hedge and initiated 1/2 size intermediate term positions in BTS, STEEM and SYS (as outlined above, these are separate from their trading books which are short term) equivalent to ~.33 BTC each. The rest of the proceeds are in BTC.

Prices:

SBD .00047930
BTS .00004625
STEEM .00048040
SYS .00003153



No short term trading done today.

[HR]

Sold the second third of my SBD hedge for an average price of .00048010. Leaving it all in BTC for now.

[Kopen]

Any further thoughts on how you plan to handle the ARDR/NXT/IGNIS transition from a couple of pages back? Makes holding NXT feel "dead" (and perception can matter, I think), but there's that IGNIS airdrop to prop it up. Not entirely sure what sort of useful asset I'd end up with depending on which way I went (i.e. directly into ARDR vs holding NXT+IGNIS). I kind of get the value of holding ARDR on some level (basically like holding NXT/ETH?), not sure what the purpose of IGNIS is yet.

Also, have you explored NIMIQ at all? Just wrapped up an ICO (meh), but they have a working, mining testnet (not just a pretty Wordpress page) and I'm very much a fan of a) a browser/JS based blockchain and b) their very simple UX in an overly technical space.

A trait I keep searching for in crypto is a lack of friction for consumers. Bitcoin has branding, but ultimately there's enough "junk" (single-use addresses, Segwit politics, etc.) that it takes an external, supporting ecosystem (i.e. Coinbase) to make it adoption-friendly. Coins like ETH/XRP/NEM do a little better, but get bogged down again in technical potential ("build on our blockchain!"). I place high (if risky) favor on a later-gen coin that makes the tech invisible instead of its selling point.

Not something to add to the portfolio now, but it's piqued my interest.

[MissEmVa]

Hi HR,

Very inspiring thread, will follow this for sure...


Question for you, do you stay on an exchange with your coins ? If so.. wich one if I may ask?

[HR]

I’m a little pressed for time, so I’ll get back later to answer questions and will limit this to updating on recent activity.

Last night I bought back 1 BTC worth of LTC at .0194.
This morning I initiated a 1/2 intermediate term position in PIVX at .00072230, and sold the rest of my SBD at an average price of .00042668. All the proceeds are in BTC.


No short term trading in the model portfolio (been doing some nice scalping on XMG, but it’s not part of the model portfolio – maybe I’ll swap XEM out in favour of XMG).

Again, I’ll try to answer questions later today.

Thanks everyone for your contributions, ideas, and feedback. It’s great to know that this thread is beneficial for you!


BTW, looks like we may have a reliable bullish reversal in place with BTC: https://steemit.com/trading/@cryptographic/btc-morning-star-bullish-reversal

[Red John]

I'm also in with Litecoin too, I trust it much. Hope we'll see LTC on the moon

[AlexOko]

If this continues, computer manufacturers must add two keys to the keyboard:  Sell Bitcoin, Buy Bitcoin 
This makes it easier to use top-level crypto currency for ordinary people who are not dedicated to cryptoworld.

[rainingbitcoins]

I'm also in with Litecoin too, I trust it much. Hope we'll see LTC on the moon

Yes LTC has an great potential to shine in long term so even I am thinking to invest some money in it and hope it will rise in future which can give me best returns on my investments so I am waiting for the right price so that I can buy some more of them at cheaper price.

[HR]

Yesterday I added the second half of a 100% intermediate term trade to BTS, SYS and PIVX at .00004778, .00003399, and .00073744, respectively.

Today two PIVX scalp trading offers were executed at .00090496 and .00097078 worth 0.13359925 and 0.14331626 respectively. Small stuff: ~1/10 of a percent of the total portfolio - part of the trading book - but little by little they add up. Currently bidding in the low .0008’s to add back one of those scalp positions.

As I was writing this, someone slammed the buy stack and I got filled at .00080743 to re-establish one of those scalps sold earlier. Will offer it around the .00097000 level. That would be $50 profit . . . to give you an idea of how this scalping works – each issue being actively traded is broken into 4 to 6 small positions bought or sold at differing levels above or below current price. As I said above, $50 here, $50 there, and they add up. (As I mentioned before in this thread, this active trading is limited on a per coin basis to 2.5% of the total portfolio, and then that 2.5% is further broken into 4 to 6 smaller parts that are actually traded. This is something that is really outside the scope of this thread and should not be done until you’ve got lots of knowledge and experience; stay with the intermediate term stuff I’m doing and view the short term scalping as an interesting sidelight.)

Now, to answer some questions:

The active trading book is on Bittrex. It’s a good exchange that I can recommend. I’ve never had a problem with them. Most of my LTC is in my own wallet off the exchange. Depending on how things go, I may move part of the intermediate term trades to individual wallets as well. I may even power up some STEEM. I’m also planning to move some more to BitShares. I started with them for the first time a couple of weeks ago and I like what I see there – they’re starting to get some decent volume.

As for ARDR/NXT/IGNIS, I plan to leave them out of the portfolio completely. Got a couple of offers in place on NXT, and with that, I’ll be done.

NIMIQ looks interesting. Could well be one of the “later-gen” winners. Definitely something to take a closer look at I think.

@Ctn, I’ve explained before how I go about choosing the instruments I’m working with so I won’t go back into that, but in so far as risk management goes, it’s the portfolio itself that works to alleviate fear as the bad apples only affect a small part of the portfolio. Setting rules like max scalping size per coin, etc., and then following them is essential. Then there’s portfolio management and automatic rebalancing when certain percentages of portfolio are hit. This takes away a lot of the trading risk in that it doesn’t matter if I think a certain issue is going higher or not because the percentage allocation says sell X amount and rebalance. No emotion, theoretically, anyway. There’s still way too much subjective decision making involved, but I try to make it as mechanical as possible. Then there’s no instant decision making – I’ve got a 24 hour “wait time” for any decision to be made, and everything’s done on daily closing basis data. I don’t use stop losses per se, but I do use stop loss levels, that, once violated, trigger a sell order for the subsequent rally – there’s always a reaction where you can get out, not always without a loss, but most times better than an automatic stop loss as these markets are not exactly liquidity models.

And, yes, LTC to the moon! 

[pokemail4me]

As for ARDR/NXT/IGNIS, I plan to leave them out of the portfolio completely. Got a couple of offers in place on NXT, and with that, I’ll be done.

this make me uberly sad. I'll quote this on my suicide letter and blame you   
why did you chose to go out of these projects ?

also I'd my interested to know how do you determine how much a coin should weight in term of portfolio % when you pick one (or sell one)

what make you say to yourself "I want 8% of gulden and 2% nem" rather than "2% gulden and 8% nem" ?