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

[SwayStar123]

I know what you all are thinking, a 20,000% Gain? Impossible right? Well you're probably right but who cares, im gonna try anyway.

I deposited 0.005 btc on Jan 30 2020 on bitmex (img), I will now record my trades and setups here, hope you can gain something from this!  ( Transferred from bitmex to bybit now)

My current setup (will be updated) - TA


Trades

1. shorted at 9458.5, After a few hours, i took profit at 9262. This resulted in a 0.0002 BTC profit, which is a 4% gain for me. (img)

2. longed at the price i took profit at, which was 9266.5, after which i took profit at 9395, which was a total profit of 0.0001 BTC, which is a 2% gain for me. (img)

3. Shorted with 300 contracts at 9395. This was one of my better trades as I took profit at 9260, 9145 and 9295. Which resulted in a total of (drumroll please) 0.0006 BTC Profits!! Which means i have grown my intial 0.005 BTC to 0.006 BTC now! It was a nice 20% ROI in only 2-3 Days. (img)

4. I made a 0.0002 BTC loss, i completely accept this was a stupid blunder but i accidently bought the contracts for ETH instead of BTC, the recent spike in eth caused me to lose a bit. But not to worry, i made back my loss and then some in my fifth trade.

5. 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 0.0016 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)
Update: Took some profit (100 contracts) at 9193.5 Thinking it goes back up to 9250 so im gonna reenter some shorts there (img

6. This was my position (img)
I had locked in profits of 0.0053 (brought down the stoploss) which ultimately got stopped out due to a pull back, which brought my total balance to 0.0124 BTC (approx 150% profit from the start)

7. Longed at 9473 (img)
Thinking that we bounce from here all the way to around 10400 and complete a sort of cup and handle play. Update: Price didnt react as i expected it to, now thinking price goes down again to test 8285, so i closed my position for a 21 mBTC profit bringing my total balance to 0.012

8. Shorted 8694 (img) Took profit of around 40mBTC bringing total balance up to 0.0184

9. Laddered shorts at 6200,6300,6400, stop at 6500, 100 contracts each (img)

Current balance- 0.0184 BTC (268% profit) (img)

[1714051665]

1714051665

[nydiacaskey01]

Goodluck to you mate and I hope you reach your goal of 1BTC soon but however, 9,266 and 9,395 is not 8% gain, that is just 1.3% gain. For you to gain 8%, from 9,266 you need to reach 10,007. But still good luck and I will keep an eye on this thread to see your progress.

[Question123]

Your capital is good and your goal takes a lot of time before you achieve 1 bitcoin with small amount of money you use in buying coins in trading. Goodluck to you I hope you can find a coin who is very cheap this year and every month the valu increase. We know the 1 bitcoin you want is hard but possible because in trading once you invested to the potential coin possible it will grow.

Until now I don't see any trader who use small capital and turn to 1 bitcoin if they have can anyone share?

[LUCKMCFLY]

~snip~

It is very good that you are making profits in Bitmex, basically the liquidations are the order of the day, when you see the liquidity funds, can you imagine that you are going in the opposite direction to the liquidations?, Since it is a good technique. However, in that exchange you usually live with adrenaline to the fullest.

The technical analysis there plays an important role, if you have increased your balance, I think it is very good, although as a tip, take it easy, even if your profit is small, the important thing is to continue adding satoshis to your balance.

[exstasie]

I know what you all are thinking, a 20,000% Gain? Impossible right? Well you're probably right but who cares, im gonna try anyway.

I deposited 0.005 btc on Jan 30 2020 on bitmex (img), I will now record my trades and setups here, hope you can gain something from this!


Trades

My first trade was shorting at 9458.5, After a few hours, i took profit at 9262. This resulted in a 0.0002 BTC profit, which is a 4% gain for me. (img)

My second trade was longing at the price i took profit at, which was 9266.5, after which i took profit at 9395, which was a total profit of 0.0001 BTC, which is a 2% gain for me. (img)

The current position I am in is a 300 contract short, according to the following TA (img) (Ta)

I admire your sense of risk management. Most Bitmex traders who start journals here are total degenerates who burn out quickly.

Your support levels look good. They line up with key Fibonacci levels, the 20-week MA, etc. which I am also looking at. The question is, have we actually hit the inflection point that sends us back to the $8,000s? I'm not sure. We might swing up to $10K first.

Subscribed!

[Kelvinid]

Yeah, there is no harm in trying, who knows exactly if you are meant to be a trader and you've successful for this.
Actually, 0.005BTC is not a huge amount to risk. No one will prove that is work of nobody would try and accept the challenge. Everything will be uncertain in crypto trading and yet, high risk to take but it doesn't mean that it will stop us. 

If you succeed in this journey, definitely many traders would have to try also. I see your optimism and that is a good thing to see.
Goodluck mate...

[Jating]

Well, as traders we need to support each other so best of luck to you.

For others it might look very daunting, but it seems you have the experience so go for it and who knows, you might hit that proverbial 1 BTC goal of yours.

And thanks for sharing this to the community, I'm sure that someone will get inspired by you and might silently try it for themselves.

[Kemarit]

I'm also subscribing to this thread. 

0.005 BTC -> 1 BTC, that's a small capital to begin with, but it doesn't matter, as long as you know how to manage that fund and grow it exponentially, then that will be nice. Of course, we don't know how long it will take you to your goal. But the most important thing is that you are taking the risk today, might be alot of bumps along the way. But what makes crypto trading beloved by many, the risks and rewards ratio. So goodluck and hope that you reach your goal.

[maydna]

Using 0.005 btc as the initial money to trade will not be a problem as we can use the random amount to trade. I see that your good at trading, especially in controlling your emotion because that is the most important thing that every trader must-have. I am sure you can reach your goal from 0.005 btc to 1 btc, but you need to hard work because we don't know how long you can achieve that.

My suggestion is to keep control of your emotions and don't chase a bigger profit if the situation in the market is not good or you don't get a good sign from the market to still open the trade. I hope you can use leverage trading as your way to make a bigger profit to reach your goals.

[Touheedkhan78]

Good Luck Bro/ I am Also Started Trading and also Want To Learn TA can You Help me Regarded This

[hugeblack]

I don't want to be pessimistic, but you must know know that the loss may happen at any time, so I consider it a game and try to convert this amount to 1 BTC.

I expect the market to be highly volatile and buoyant in the coming weeks, so some profits have been achieved, but by the end of the year you may lose all that you achieved in one week, so do not be too optimistic and do not try to fool with greed.

You may develop a clear trading strategy and you will notice your currency appreciates. good luck.

[ideas500k.com]

What an interesting endeavor you are pursuing!

Keep us updated about your progress and hopefully, you will get to owning a while Bitcoin by yourself

[hello_good_sir]

First of all, good luck.

Secondly, leveraged trading is extremely risky, but to be completely honest it is really the only way that you are able to turn a profit when it comes to a "bankroll" of such a low amount - you are unlikely to see any significant gains even in the best case scenario if you were simply trading on the spot market.

I'd ensure that all my positions are kept in check and are not highly leveraged to more than 5x each time, because beyond which, it can just be as risky gambling.

[Baofeng]

Update! The 300 contract short was taken in full profit at 9260, 9145 and 9295. Which resulted in a total of 0.0006 BTC Profits!! Which means i have grown my initial 0.005 to 0.006, which is a 20% gain in 2-3 days 

Good to hear that mate, 20% gains in 3 days is awesome!!. Just imagine if you have a bigger initial capital, obviously bigger gains. But I guess your risk appetite says it all, but I can't blame you. This is really a journey and I couldn't imagine if you reach your goal of 1 BTC in just short amount of time. Continue to update us and good luck in your trading journey.

[RealMalatesta]

First of all, good luck.

Secondly, leveraged trading is extremely risky, but to be completely honest it is really the only way that you are able to turn a profit when it comes to a "bankroll" of such a low amount - you are unlikely to see any significant gains even in the best case scenario if you were simply trading on the spot market.

I'd ensure that all my positions are kept in check and are not highly leveraged to more than 5x each time, because beyond which, it can just be as risky gambling.

OP has a desire to earn 1 BTC which would almost be impossible for normal trading experiences. Leverage trading is the only platform which might give him this excess amount of profits but yes, risk would always play an important role in leverage trading.

Each leverage trader has to keep on checking the graphs to see if the price is not getting wide in the opposite direction as it might lead to lose our funds. Leverage can really make you earn immense profits if you have the ability to make deep technical analysis and maybe your luck too would be required over here. You never would wish the price to rally in opposite direction if you have already bought coins valuing almost above 70% of your total capital.

[Mumbeeptind1963]

I don't want to be pessimistic, but you must know know that the loss may happen at any time, so I consider it a game and try to convert this amount to 1 BTC.

I expect the market to be highly volatile and buoyant in the coming weeks, so some profits have been achieved, but by the end of the year you may lose all that you achieved in one week, so do not be too optimistic and do not try to fool with greed.

You may develop a clear trading strategy and you will notice your currency appreciates. good luck.

Yes, we cannot predict when does that thing might happen , so the OP needed to take this risk, im sure he is already aware in this thing, market is very unstable so as the coin, so the OP needed to go with the flow of unstable market. That profit is going high since bitcoin now is pumping as well, maybe it is because of the upcoming halving, I dont know when but I think it affects a lot. I will follow this thread as well.

Good to hear that mate, 20% gains in 3 days is awesome!!. Just imagine if you have a bigger initial capital, obviously bigger gains. But I guess your risk appetite says it all, but I can't blame you. This is really a journey and I couldn't imagine if you reach your goal of 1 BTC in just short amount of time. Continue to update us and good luck in your trading journey.

Yeah , it is just that bitcoin also have a bull run I think , that is why his first investment grows a lot in just small span of time, but Im not being negative okay, but I were him I will deduct my investment so that I could not lose too much.

[bitbunnny]

Update! The 300 contract short was taken in full profit at 9260, 9145 and 9295. Which resulted in a total of 0.0006 BTC Profits!! Which means i have grown my initial 0.005 to 0.006, which is a 20% gain in 2-3 days 

So far so good with your journey and if you keep that optimistic thinking you'll be able to see more successful trading position. Keep in mind that positive mindset delivered good outcome. You just need to keep working with your good judgement placing each position to your potential benefits. Good luck to you.

Positive attitude is good and can be helpful but trading can't be based on that.
20% profit is good be he mustn't forget this might easily change and that he will not making so much all the time. Exactly that feeling that everything is so fine and easy makes people think that trading is easy game full of fun but they get to reality sooner or later.

[exstasie]

Update! The 300 contract short was taken in full profit at 9260, 9145 and 9295. Which resulted in a total of 0.0006 BTC Profits!! Which means i have grown my initial 0.005 to 0.006, which is a 20% gain in 2-3 days 

Good job closing out when you did. I got the impression you were planning to ride that short down a ways, based on this chart.

I'm still leaning towards new highs myself. Can't say for sure that there isn't distribution occurring here, but this pivot off $9,113 looks fairly decisive:



We're still flagging sideways off a daily 3 white soldiers pattern too, which supports the bullish case.

[Baoo]

To be honest, I don't want to disappoint you but  it is impossible to achieve this goal, we should be realistic sometimes, bet you are still a newbie in this domain OP, but I agree that taking the risk may positively affect in order to profit a significant amount, but without a strategy it is difficult to reach that,  sometimes we need to create a different plans because the market is so volatile and as you see the unexpected events are always happen.

[Kupid002]

To be honest, I don't want to disappoint you but  it is impossible to achieve this goal, we should be realistic sometimes, bet you are still a newbie in this domain OP, but I agree that taking the risk may positively affect in order to profit a significant amount, but without a strategy it is difficult to reach that,  sometimes we need to create a different plans because the market is so volatile and as you see the unexpected events are always happen.

Its possible he need to make a daily trade just to make this and of course it takes a lot of time and effort trading just to win that amount. Thats not easy job the reality is you will also lost in every trade so it will take you longer time just to achieve this goals. And not all person have the ability to get that amount base only on skills in trade.