Turning 0.005 BTC to 1 BTC? Trading Journal | Currently 268% in Profit

[Coyster]

To be honest, I don't want to disappoint you but  it is impossible to achieve this goal...

Since OP will be updating us in this thread on how the trading is going with him, then let us just wait and see how much profit he can get. He has got off to a good start, but some times one can start off perfectly and end up badly, so OP shouldn't get ahead of himself, he must still concentrate on doing what he has been doing.

Positive attitude is good and can be helpful but trading can't be based on that.

When I started trading for the first time, I thought that positivity and belief usually has an effect on how good everything would end up, it's good to be optimistic, but it's also good to know that it doesn't matter in the real sense of it all.

[1714983069]

1714983069

[1714983069]

1714983069

[1714983069]

1714983069

[ChuckBuck]

Although this is a nice goal, I feel that it is a bit impossible  Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck 

[exstasie]

5th trade(s)- I put in a series of shorts at prices i thought would be resistances, the prices were, 9600, 9500 and 9436. All these averaged out to 9491. The recent pump to 9600 triggered all these shorts but we dumped before we hit my stoploss. This has put my current position into a 0.0004 BTC profit. But i dont plan on taking profit right now, i will hold on to this position and readjust my stoploss to ensure this is a guarenteed profit from now (img1, img2)

Nice one. We got the new highs I was expecting. Too bad it was sold right back into the range. It's looking like a failure now.

I'm now contemplating a failed fifth wave, and the beginning a larger pullback through that trend line and into the $8,000s:

[redsun114]

1 BTC from 0.005 BTC might seem a bit overwhelmed or maybe difficult but might surely not be impossible only because of the leverage trading. You can actually earn immense profits even with your 0.005 BTC as you can trade on futures platform with nearly 20x to 125x leverage which would indeed give major profits for smaller capital, but yes the risk here remains constant.

If by any chance you fail to make a good TA and you end up buying at wrong price than your coins could be liquidated at a specific price which would eat all your profits+capital so I really wish you are aware about this too. If you really are a dedicated trader than no one can stop you from earning 1 BTC in a month but you really need to spend most of your time on the graphs.

[20kevin20]

Although this is a nice goal, I feel that it is a bit impossible  Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck 

This is illogical, yes even the best traders make losses and mistakes, but they dont lose their entire balance, if they are successful more than 50% of the time they can make money consistently and given enough time turn 0.005 btc to 1 btc

Not really illogical, considering the volatility of crypto markets. What makes everything harder, like ChuckBuck said, is the capital. Going from ~$45 to ~$9300 is a huge thing to achieve with such a small capital, especially when you take fees and everything else into account. But if he proves himself to be a good trader, he might achieve it. During the 2017 market ride I've turned 1BTC into 25BTC (through alts) but was greedy enough not to take my profits at the time so I have lost all that 24BTC profit in a matter of days.

[Yatsan]

Although this is a nice goal, I feel that it is a bit impossible   Even the most experienced people in trading encounter difficulties and losses, so your goal is almost impossible to achieve. In my trading history, the highest profit I achieved was x3 balance within 2 months, of course, at a large capital. But trading with small capitalization and high profit margins, I'm quite surprised by your statement. Anyway, I will keep the notification here and track your results, good luck  

This is illogical, yes even the best traders make losses and mistakes, but they dont lose their entire balance, if they are successful more than 50% of the time they can make money consistently and given enough time turn 0.005 btc to 1 btc

Not really illogical, considering the volatility of crypto markets. What makes everything harder, like ChuckBuck said, is the capital. Going from ~$45 to ~$9300 is a huge thing to achieve with such a small capital, especially when you take fees and everything else into account. But if he proves himself to be a good trader, he might achieve it. During the 2017 market ride I've turned 1BTC into 25BTC (through alts) but was greedy enough not to take my profits at the time so I have lost all that 24BTC profit in a matter of days.

2017 is the best! Just wanna share my experience, many shitcoins way back 2017 turned into a massive bull run which gave me a lot of profit haha. That year shitcoins are the best.


Back to the topic, I really think that it's possible, but it will take a lot of time. If you invest into a right coin and hit the bull run there you might get your target in an instant, It will just take a 1hit fot the jackpot and that will be target achieve!

Just continue your journey and keep posting here, I wish you luck in your trading journey  

[ScamViruS]

What you are doing is good. Why don't we try? The funds you are trading with are small. With this fund you can experiment your trading strategy. If good results come, then surely you can go ahead. Maybe you know that leverage trading can be very risky at any time. So be careful when you open any trade. I will definitely follow your thread to see the results. Good luck.

[fullhdpixel]

I wholehearlty support this endeavor of yours, it definitely looks like you are doing a great job and know what you are doing, you are also showing people how they can get into these kinds of stuff as well, maybe 1 btc would be very difficult task for you and any other person but you have to start somewhere that is the point, you can't make 1 btc profit without making 1k satoshi profit first, that is how these things start.

Looking at your previous trades, you are doing shorting very well, longs not so sure about but shorts are definitely a thing you understand easily, I hope for the sake of all humans that are holding btc, you do not come correct about them too frequently . All jokes aside I am sure with the amount of leverage and options available you will make to 1 btc quickly.

[KnightElite]

I wholehearlty support this endeavor of yours, it definitely looks like you are doing a great job and know what you are doing, you are also showing people how they can get into these kinds of stuff as well, maybe 1 btc would be very difficult task for you and any other person but you have to start somewhere that is the point, you can't make 1 btc profit without making 1k satoshi profit first, that is how these things start.

Looking at your previous trades, you are doing shorting very well, longs not so sure about but shorts are definitely a thing you understand easily, I hope for the sake of all humans that are holding btc, you do not come correct about them too frequently . All jokes aside I am sure with the amount of leverage and options available you will make to 1 btc quickly.

Anything is possible with proper risk and management, achieving 1 btc is not easy but if we have passion and commitment then we can achieve our own goal but we should make sure that our goal is realistic where it is feasible to achieve. When I started trading of bitcoin, I have a capital of 0.1 but I manage to double it in 3 months. It took me months in order to double it because we cannot always win everyday in trasing there will be times that the outcome will be unexpected.

[Williams_Leo]

I wholehearlty support this endeavor of yours, it definitely looks like you are doing a great job and know what you are doing, you are also showing people how they can get into these kinds of stuff as well, maybe 1 btc would be very difficult task for you and any other person but you have to start somewhere that is the point, you can't make 1 btc profit without making 1k satoshi profit first, that is how these things start.

Looking at your previous trades, you are doing shorting very well, longs not so sure about but shorts are definitely a thing you understand easily, I hope for the sake of all humans that are holding btc, you do not come correct about them too frequently . All jokes aside I am sure with the amount of leverage and options available you will make to 1 btc quickly.

Anything is possible with proper risk and management, achieving 1 btc is not easy but if we have passion and commitment then we can achieve our own goal but we should make sure that our goal is realistic where it is feasible to achieve. When I started trading of bitcoin, I have a capital of 0.1 but I manage to double it in 3 months. It took me months in order to double it because we cannot always win everyday in trasing there will be times that the outcome will be unexpected.

Agree that it will be possible when we can manage risk then find the right method and direction to gain the best profit from the market but all still need a reasonable starting point, a reasonable condition and goal, can't set a goal too far when the start is too low. It's similar to when we go up the stairs, we need to take steps step by step, sometimes two steps but the risk is too great, we can be good for the first few times but in the middle of the road, we can still fall to the ground, need to raise more capital, cannot operate with only 0.005btc

[Lucius]

A small stake, a small chance of success, but a great dose of optimism and determination to try to achieve a set goal - and if the OP accomplishes half of what is planned, it will be a venture that will be talked about for a long time.

I don't personally trade, but I wonder what the chances of success would be if the initial stake was at least 0.05 BTC? Would that mean that some things can be done with less risk which would also increase the prospect of ultimate success?

If we take the example of a gambler who enters in a casino with $100, and another who enters with a $1000, they both have a chance to win something, but the one with more money still has a better chance if apply a good strategy.

[nelson4lov]

A small stake, a small chance of success, but a great dose of optimism and determination to try to achieve a set goal - and if the OP accomplishes half of what is planned, it will be a venture that will be talked about for a long time.

I don't personally trade, but I wonder what the chances of success would be if the initial stake was at least 0.05 BTC? Would that mean that some things can be done with less risk which would also increase the prospect of ultimate success?

If we take the example of a gambler who enters in a casino with $100, and another who enters with a $1000, they both have a chance to win something, but the one with more money still has a better chance if apply a good strategy.

Yes that's very much possible. In trading, it's not really about the  startup capital. Most of the successful traders we see today didn't start trading with even 1 BTC. They had to start small, made consistent profits off small trades. With time, those small and tiny profits adds up and gets accumulated to a nice profit. On the other hand, I've seen people that started with high capital ended up losing a large part. So at the end of the day, It all boils down to one's trading system, consistency and trading skill level and not the startup capital. If OP was a noob, I'm sure he would be in loss regardless of whether or not he started with 0.005BTC.

[exstasie]

Took a 100 contract profit at 9193.5 Booked some profits, and hoping to now short again at 9250 as that was previous support

Any updates? Hopefully you maintained good risk management on this short. This daily bullish engulfing candle just blew through $9,700! I still think the $8,000s are possible (if this is part of an irregular flat) but I'm beginning to rule out lower targets like the upper $7,000s and $8K area.

[maxreish]

I was kinda interested in your trading since I am also a Bitmex trader. There are few questions I am going to ask;

• What % leverage are you using?
• You trade daily or how many trades you are doing in a day? You already gained 50% for 5 days and that's a good trades actually.
• What indicators are you using?

You made a good profits and good trades, hope I can do that way too since I do some losses and recovery but gaining 50% profit within 5 days showed how you do good in reading analysis.

[Sadlife]

Nice trades while for me, i could never risk selling bitcoins in daily type trading because i prefer hodling cause i got rekt countless time when i tried daily trades even knowing what price to short and to long is complicated especially if you're not experience enough to do TA.

[SquallLeonhart]

If you manage to make your 5 mBTC into 1 BTC then that would be bringing lots of new traders from this community. Because, people here are set with capital and also having groups to get signals but not having confident and motivation to step forward. When seeing your results, I guess many people want to try and copy your success. I like to keep an eye on your updates. Good luck man .

Do you set any time frame for achieving that 1 BTC out of your 5 mBTC capital? I am sorry for asking such a pressurizing question because professional trader may take  to 6 months for this challenge whereas I will take 2 to 3 years but not sure I may keep the capital intact. So, if you have anything like that, please add that into OP which might be more interesting to watch your performances within a set time.

[bearexin]

If you manage to make your 5 mBTC into 1 BTC then that would be bringing lots of new traders from this community. Because, people here are set with capital and also having groups to get signals but not having confident and motivation to step forward. When seeing your results, I guess many people want to try and copy your success. I like to keep an eye on your updates. Good luck man .

Do you set any time frame for achieving that 1 BTC out of your 5 mBTC capital? I am sorry for asking such a pressurizing question because professional trader may take  to 6 months for this challenge whereas I will take 2 to 3 years but not sure I may keep the capital intact. So, if you have anything like that, please add that into OP which might be more interesting to watch your performances within a set time.

OP would surely need at least a year in order to reach 1 BTC from 0.005 BTC. OP actually needs to have 20,000% in order to reach 1 BTC and doesn't it look a bit strenuous to reach? As far as I can see, OP is successful in having some 4% to 10% profits but that would never be enough in order to reach 1 BTC. OP needs to gain almost 50% to 55% profits daily in order to reach 20,000% in a year and this is highly not possible.

At least 4-5 days would be needed in order to gain 50% profit and only if you are a highly experienced trader. Also some of the market situations might delay your trades like if the price ran in opposite direction, etc. That would never allow us to calculate fix days needed in order to hike our portfolio from 0.005 to 1 BTC.

[darewaller]

Nice trades while for me, i could never risk selling bitcoins in daily type trading because i prefer hodling cause i got rekt countless time when i tried daily trades even knowing what price to short and to long is complicated especially if you're not experience enough to do TA.

Technical Analysis is the first and foremost thing which each trader needs to consider before entering the trading markets. If you are not able to do the TA than I would prefer you to stay away from the trading markets until you learn to do so. Day trading is risky but we should never forget the profits we could gain from day trading.

We can even manage to earn 100% profits in 10 to 20 days only with the help of leverage day trading which would take you months in order to reach those profits for spot trading on long term. OP needs to gain 1 BTC from 0.005 BTC and this is never an easy task and hence OP might only need to concentrate on daily trades in order to reach the target in few months or maybe a year.

[canamani]

You are so lucky to trading, i really don't know how to do it so profitable and don't know how to make so much profit in 5 days

[bitgolden]

You are so lucky to trading, i really don't know how to do it so profitable and don't know how to make so much profit in 5 days

You can't actually call OP as lucky but indeed a individual with immense knowledge and the desire to achieve great heights. You should try to follow OP with the trades he would showcase and also try to get some motivation from him. OP is really going to convert his initial capital of 0.005 BTC into 1 BTC which would be a lot of profits.

Earning 50% in 5 days might not be an difficult task if you have basic knowledge about trading and also if you posses some of the characteristics any of the professional trader posses. Internet would teach you a lot of things and even you can learn trading on internet so why not start ASAP?