365 day 100$ trading challenge. 135% profits in only 35 days!!!!

[QuadsPoker]

I'm going to follow your quest to see where you end up. Just for reference: in 2017 you could have almost made that much profit by holding Bitcoin for a year, and with several altcoins you would have made a much larger profit (Stellar (XLM) for example). But of course, this is in retrospect, after a large bull run. This could happen again, but it's virtually impossible to predict when and for which coins.

For the prediction contest:
-LoyceV
-NO
-1,000$
This is based on the assumption that Bitcoin goes up 10x, altcoins on average go up a bit more, but you lose the difference to trading fees bringing you back to 10x.

I know. but this is just a challenge to push me to the limit. I hold several accounts where I trade and I have coins that I hold. But this is a fun thing to do in beween.
I saw lot of participants don't believe I will succeed in reaching my goal I have set. But at this point the compounding doesn't have much effect. As long as I stick to the 1% daily and 100% compounding it should be achievable. And all extra percentages I can take in between are a bonus and help me achieving the goal.

But thats for the follow and time will tell where this will end

[1715097448]

1715097448

[1715097448]

1715097448

[Indamuck]

Have a few questions:

-I see you started with btc and have now moved over to trading ripple, what made you change?

-How many hours do you spend each day on this challenge?

-I know this only a small amount but do you believe the FUD against Tether and how it is really not backed by enough USD?

[QuadsPoker]

Have a few questions:

-I see you started with btc and have now moved over to trading ripple, what made you change?

-How many hours do you spend each day on this challenge?

-I know this only a small amount but do you believe the FUD against Tether and how it is really not backed by enough USD?

-I only deposited BTC and then converted instantly to USDT cause this challenge is to grow the USD value as much as possible. I can trade any pair against USDT. I just pick those that give me signals to apply my strategy.
I trade BTC/USDT , XRP/USDT. Actually it doesn't matter what pair I trade as long as I keep growing my fiat value for this challenge.

- trading is my full time occupation. However now these days with Christmas and some parties I am not full time behind my laptop and screens. But normally I spend 8-12 hours daily behind my laptop. So I can trade the entire day if I want to.

- I really do not follow the news that much. So FUD doesn't bother me. Now im trading USDT but I can start trading USDC as well. For me it really doesn't matter

[QuadsPoker]

Had a small late Christmas party today. I just got home and gonna screen the market and hope I can still reach my 1% daily goal today.

[deandree]

Can we see a full backlog of trades somewhere? Also, posting after the fact does not seem too convincing. Could be useful if you could post before what trade you are aiming for like "rsi currently at 20, expecting to go up therefor buying", we need to see the prediction factor, otherwise it's just numbers.

[QuadsPoker]

Can we see a full backlog of trades somewhere? Also, posting after the fact does not seem too convincing. Could be useful if you could post before what trade you are aiming for like "rsi currently at 20, expecting to go up therefor buying", we need to see the prediction factor, otherwise it's just numbers.

I explained multiple times what strategy I use. And I cannot post upfront at what point I am going to enter the market. It all depends on when the candle breaks or touches the lowest Bollinger band. So I cannot post prior my trades at what point I am buying. Beside the Bollinger I am not using any other indicator to enter the market. I just manually screen the charts and enter the market when I seen an opportunity.

So I am not using any other indicator. Its simple I take a trade when I seen the candle is going below or touches the Bollinger and exit when it bounces back up for 0.5-1%.

About trades. I was planning to post all my trades daily and at the end of every 30 days I post a full summary of all my trades.

[QuadsPoker]

Day 6

Trades:

pair: BTC/USDT
entry: 3703.45$
exit:   3721.5$
Bought: 60,4477$
Sold: 60.9283$

Pair: XRP/USDT
entry: 0.336$
exit:   0.342$
Bought: 120$ (357,14XRP)
Sold:     121,068$

Pair: XRP/USDT
entry: 0.3275$
Exit:   0.3340$
Bought: 100$ (305.34XRP)
Sold:     100.86$

Pair:  BTC/USDT
entry: 3540.5$
exit:   3581$
Bought: 125$ (0.0353BTC)
Sold:     126.42  


End balance: 124,57$

[ipanks]

Its simple I take a trade when I seen the candle is going below or touches the Bollinger and exit when it bounces back up for 0.5-1%.

It's good to control, and I agree with you. It's better to take a profit than never because it's difficult to see the price increase higher than that. I look at your balance in USDT is also increase, and it means, it's good for you and you can continue but still be careful, at this moment, we see bitcoin price is going down again although it's back to the price before, the chances for bitcoin price to get down will still there.

[QuadsPoker]

Its simple I take a trade when I seen the candle is going below or touches the Bollinger and exit when it bounces back up for 0.5-1%.

It's good to control, and I agree with you. It's better to take a profit than never because it's difficult to see the price increase higher than that. I look at your balance in USDT is also increase, and it means, it's good for you and you can continue but still be careful, at this moment, we see bitcoin price is going down again although it's back to the price before, the chances for bitcoin price to get down will still there.

Im always careful. I have everything in USDT now. After luck i start trading and look for positions that suit my strategy.
But always careful. If i notice that the drop Will continue i Will not enter with to much of my balance but buy positions with smaller parts. So i can anticipate if the price keeps dropping further like yesterday

[Siren]

Wanna join the party

Siren

NO

$5,780

Lets  wait for a whole year on who's good in predicting about this contest

Goodluck to all of us

[QuadsPoker]

Day 7


Trades





call it a day today. gonna spend some time with the kids. Gonna make a 1 week summary of first week compared with my compound model tomorrow.

End balance 125.54$

[buwaytress]

If you're having another account in BTC though, then does that also count? It should just be your starting $100, no? Otherwise you're affected by Bitcoin price and if 2019 sees BTC doubling (not impossible), you gain that much more just by holding. This is a trading challenge though, so let's keep it to your Tether values.

How'd you do in today's Christmas redlines?

The other account with btc is separately from this for the challenge. Only the 100$ account will counted in for the challenge. I will open a BTC account with 100$ as well and apply the same strategy but that doesn't count for this thread and challenge.

So this thread will stick to tether value. it is ment to trade 365 days. In the other account next week I will trade as well and that challenge will be to increase the BTC value not the fiat like in this thread

BTW even if it are redlines today, I made a couple profitable trades in the XRP/USDT pair today. Even if the market is red as blood. there are plenty of opportunities daily to grab some nice % profits. XRP/USDT is bouncing already the entire day

Oh yeah, for sure, traders like yourself, scalpers or day traders, they don't seem to really care much for market sentiment, but volume and volatility are actually preferable - I suppose even with the thin volumes of past months, it's not too much of an effect, not when you're looking to trade such small units.

One more thing: be much easier to follow/verify if you could post the trades as soon as you do them, and then update your closed trades quoting the original post. Also easier to identify your strategy if it worked, or did not.

[ipanks]

Day 7


Trades





call it a day today. gonna spend some time with the kids. Gonna make a 1 week summary of first week compared with my compound model tomorrow.

End balance 125.54$

I want to know about the 1 week summary of yours, and I am very curious about your trading. I have seen your trade, and it's a good start and also a good lesson for every people who want to learn about trading. They can use this as a guide to start trading, better to stay with one coin than choose more than one coins because sometime, it could make you confusing to check one by one. Good job bro, I still follow your journey.

[Siren]

Wanna join the party

Siren

NO

$5,780

Lets  wait for a whole year on who's good in predicting about this contest

Goodluck to all of us

I believe you missed my answer OP because in Sheet you putted YES while my answer here is NO

Thank you 😊

Edit: daily trading looks pretty good as it was growing day by day,cant wait to see the final result in the next xmass season,if this continues to happen then i will be much better😜

[QuadsPoker]

Wanna join the party

Siren

NO

$5,780

Lets  wait for a whole year on who's good in predicting about this contest

Goodluck to all of us

I believe you missed my answer OP because in Sheet you putted YES while my answer here is NO

Thank you 😊

Edit: daily trading looks pretty good as it was growing day by day,cant wait to see the final result in the next xmass season,if this continues to happen then i will be much better😜

Your amount is to high to say NO. The goal is to reach 3,778$ which is exact the amount of 1% daily + 100% compounding for 365 days. So or you change answer to YES or you lower the result amount. It can only be NO of you add in an amount lower than 3,778$

[QuadsPoker]

7 day summary


I am not going into detail but only show the facts and results of my first trading week.


 - Starting balance was $100 Deposited 0.027BTC the 21th of December which was 100$ at the time of deposit

 - Goal was to trade with 1% daily profits and compound 100% of my profits. According to the compounding schedule after 7 days I should be
   on $107.21.




Actual results after 7 days of trading.



Actual balance : $125,67 (0.03274943BTC)

             -> Fiat profits :     $25,67 or 25.67% profits
             -> BTC profits :     0.00574943BTC or 21.29%

As told previously this challenge is to increase the FIAT value. So that is my first priority. But the increasement of my BTC value is a nice bonus as well.

Goal is to reach 1% daily. Profit percentage shows I made 25.67% in 7 days which means I reached an average of 3,66% daily. This also have effect on my compounding schedule. You see on the screenshot that at this moment my my balance is except for 0.03$ the same as the amount of day 23 in the compounding schedule. This means that after 7 days of trading I am 16 days ahead on the compounding schedule.




Conclusion: First week went pretty well and I am happy im ahead of schedule. Every day I am ahead can cover for a day I will not reach my goal or have a small loss. So at this moment I am feeling pretty comfortable. Being 16 days ahead does not mean I am going to chill out. I will keep aiming for that 1% daily. Because the more days earlier I reach my goal the more days I have left in the 365 day trading challenge and the higher possible profits will be.

Every day that the goal is reached earlier can have a huge effect on the compounding. Normally 1% daily + 100% compounding means you will end up with 3,778$. Just have a look if I would be able to trade 16 days longer because I am ahead of the schedule. this could have an effect of $652 more that could be profited.





For the upcoming weeks I will post more details about the trades I have made and I will try to add some graphs that are related to the trades I have made. Beside that I thank everyone to follow this thread and I hope we can keep boosting our balance.

[matisbtc]

If you keep trading like this and have 3,66% every day you will end with 100*1.0366^365 which roughly equals $50 000 000.
Good luck!
I'm joining the contest too:
-matisbtc
-YES
-$8213

[QuadsPoker]

If you keep trading like this and have 3,66% every day you will end with 100*1.0366^365 which roughly equals $50 000 000.
Good luck!
I'm joining the contest too:
-matisbtc
-YES
-$8213

that would be insane..... but very unlikely and unrealistic. I would already be happy to close between 5k and 10k which would be doable. But only time will tell of course.
Adding you to the list now.

[matisbtc]

Day 8

As promised I will show a couple visuals to the trades I have made to show the strategy.

Trades:

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

Visual:

I got into the trade on XRP/USDT @ $0.36 for a total of $31.14
I left the market @ $0.364 for a total of $31.486

Which this trade gave me a profit of $0.346. This isn't that much but I have only a 1% daily goal. This trade gave me a 1.11% profit on the trade itself and a 0.275% on my total balance.

https://i.imgur.com/JAKTjEA.gif

As you can see its a classic example of the dip strategy crossing the lower Bollinger. It went below the Bollinger for about 12 minute and afterwards it bounced back up and I was able to book some profits.

Its not a matter of chasing larger profits but to take profits when you can. I could hold the 0.36 position longer and aim for 0.37 or 0.38. But why? Market can turned around easily again and drop which leads to get stuck. But by selling I made some profits and a step closer to my daily goal.

I was wondering why you didn't buy the first time it crossed the band with a significant amount. If you bought there it would have continued to drop and you would not be able to sell it with profit.

[QuadsPoker]

Day 8

As promised I will show a couple visuals to the trades I have made to show the strategy.

Trades:



Visual:

I got into the trade on XRP/USDT @ $0.36 for a total of $31.14
I left the market @ $0.364 for a total of $31.486

Which this trade gave me a profit of $0.346. This isn't that much but I have only a 1% daily goal. This trade gave me a 1.11% profit on the trade itself and a 0.275% on my total balance.



As you can see its a classic example of the dip strategy crossing the lower Bollinger. It went below the Bollinger for about 12 minute and afterwards it bounced back up and I was able to book some profits.

Its not a matter of chasing larger profits but to take profits when you can. I could hold the 0.36 position longer and aim for 0.37 or 0.38. But why? Market can turned around easily again and drop which leads to get stuck. But by selling I made some profits and a step closer to my daily goal.

I was wondering why you didn't buy the first time it crossed the band with a significant amount. If you bought there it would have continued to drop and you would not be able to sell it with profit.

I bought at 2 higher points as well. But like I mentioned I never get in with my full balance. So if the dip continues I can enter the market in several different occasions. So the 0.36 wasn't the only entrance point. I also have at 0.362 and 0.363. So those positions will be hold a little longer. But in meantime I have balance left to enter new positions again. Like I told before. the strategy is not a 100% guarantee. So I always advice people that apply the strategy not to use their entire balance in 1 position. There is always a chance it drops further. But as long as you keep balance to buy lower than your first entry you can avoid losses and trade with the balance left and wait with the other position until it recovers again