+80000% Bitcoin Day Trading Challenge 2021 (Up +442% now)

[fullhdpixel]

It is not about "losing hope" but more about how it is near impossible for someone to get that much rich that easily honestly, and that is the point we are talking about. I mean sure having 80k is nothing in the world of rich people and a lot of people do have 80k+ in the world, not me, not 90%+ of the world but there are a ton of people who do.

However none of them turned 100 bucks into 80k+ and that is the part people are not sure about. Having a second video where you also failed was just a proof that it is a very very difficult thing. Is it 100% impossible? Of course not, it is not possible at all and it would never be possible, however at the end of the day we are talking about having a huuuuuge return and that is why people are having hard time believing you can do it, not because it is you or someone else, it could be anyone ever and we would still have hard time believing this would be possible.

Yeah, saw that, I didn’t believe it when I saw that headline that he plans to reach 80k USD with just 100 bucks, he’s got to put in more and be an expert in trading to be able to reach that amount. But I think he shouldn’t give up hope, but rather continue what he’s doing, even if though he doesn’t reach that amount, the target he has set for himself will motivate him to achieve something good and reasonable with the 100 USD he has invested.

I will try to grow my day trading account from 100 USD to 80000 USD in 2021, growing it by +80000%.

This is really going to be a tough challenge that you’re setting up for yourself, but I hope you win this challenge and if not, then I wish you come close to the target you have, reaching 80,000 USD with just 100 USD. I just saw your latest YouTube update, you should keep it up, if you continue it steady , you might achieve something good, although I wouldn’t still believe that reaching that 80,000 USD is possible.

[ice098]

It is not about "losing hope" but more about how it is near impossible for someone to get that much rich that easily honestly, and that is the point we are talking about. I mean sure having 80k is nothing in the world of rich people and a lot of people do have 80k+ in the world, not me, not 90%+ of the world but there are a ton of people who do.

However none of them turned 100 bucks into 80k+ and that is the part people are not sure about. Having a second video where you also failed was just a proof that it is a very very difficult thing. Is it 100% impossible? Of course not, it is not possible at all and it would never be possible, however at the end of the day we are talking about having a huuuuuge return and that is why people are having hard time believing you can do it, not because it is you or someone else, it could be anyone ever and we would still have hard time believing this would be possible.

I think it is not impossible, I know someone who actively trading but in futures not in spot, he started having 100$ and after a week he already have $1000, that is because he knows how to trade he's not a beginner at all maybe in futures yes but in Spot Trading, he already has an experience so earning $80,00 in a year is not impossible to those people that are eager to earn it. I am starting to start my trading career using 100$ too.

[winrate.io]

Part 3 is now live on YouTube: https://youtu.be/pqNXLgaZmQs

I'm up +63% this week with a 75% win rate.

I hope I can keep this up!

[nelson4lov]

Part 3 is now live on YouTube: https://youtu.be/pqNXLgaZmQs

I'm up +63% this week with a 75% win rate.

I hope I can keep this up!

Congratulations on another profitable trading week! I had been checking your YouTube channel for week 3 update a couple of times but as people would always say, "better late than never". I enjoyed watching this week's video even if it wasn't that long but I got to see some of your TA and your thought process for the trades. While I can't take the challenge too since I'm still learning and picking up more experience, it's fun and educative to watch you do it. I would be looking forward to more weekly videos and I hope you keep being profit. Only $37 left to hit the first 100% mark. Goodluck and kudos to your for the content.

[gabbie2010]

Part 3 is now live on YouTube: https://youtu.be/pqNXLgaZmQs

I'm up +63% this week with a 75% win rate.

I hope I can keep this up!

I watched part 3 video now kudos for making a tremendous progress this week I hope to see consistent wins in your in subsequent trades which will motivate newbies or new traders, I like your higher timeframe TA analysis however I discovered that most of your trades are counter trend and most of the articles or videos I read and watched always emphasized on trade the with trend I will like you to shed more light on this, I knew that your trading decisions is based on many traders taking profits at the peak of a trend of course at the peak the price might experience just a minor pullback before continuation of the trend shorting at those peaks isn't that counter trading?

[FanEagle]

How are you going to be doing that? You have just $100 and you expect to make up to $80,000? meehn you’re literally far from achieving that, unless you’re going to be doing some steady magic to blow up your money and reach that extent.

As for me I don’t think that’s going to be possible. You should have said something that is very close to being achieved , although I do know that anything is possible and can happen in this life, but first target where it’s easy to reach first.

[winrate.io]

How are you going to be doing that? You have just $100 and you expect to make up to $80,000? meehn you’re literally far from achieving that, unless you’re going to be doing some steady magic to blow up your money and reach that extent.

As for me I don’t think that’s going to be possible. You should have said something that is very close to being achieved , although I do know that anything is possible and can happen in this life, but first target where it’s easy to reach first.

I will do it by using a calculated strategy with 15x leverage. Since I will re-invest all wins, the account will grow exponentially (if I can keep my win rate above 66%). I would recommend watching my first YouTube video where I explain the strategy.

You can also check my strategy on winrate.io here:
https://www.winrate.io/?80000-strategy

[winrate.io]

A short update: I had a good trading week. My account balance is now at 313 USD (+213% gain from 100 USD)

This week, I placed in total 10 trades (one is still open), so 9 completed trades

7 wins and 2 losses (77.78% win rate)

7 shorts and 2 longs

New video coming tuesday or wednesday. Stay tuned.

[logfiles]

How are you going to be doing that? You have just $100 and you expect to make up to $80,000? meehn you’re literally far from achieving that, unless you’re going to be doing some steady magic to blow up your money and reach that extent.

As for me I don’t think that’s going to be possible. You should have said something that is very close to being achieved , although I do know that anything is possible and can happen in this life, but first target where it’s easy to reach first.

This is not the kind of negative energy we need here. I don't know why people keep bashing and discouraging any trader trying out his strategy. I mean give the lad some courage for coming out here to show what he's trying to do instead of just trying to shut them down. maybe you could learn a thing or two

I have been following his trades from the first video, and he seems to be doing pretty much well especially after losing over 50% of his initial $100 in the earlier trades.

This challenge is barely a month old, and he has made about +213% from $100, Isn't that impressive?
For starters, have you ever made +200% in a month while day trading?

[nelson4lov]

How are you going to be doing that? You have just $100 and you expect to make up to $80,000? meehn you’re literally far from achieving that, unless you’re going to be doing some steady magic to blow up your money and reach that extent.

As for me I don’t think that’s going to be possible. You should have said something that is very close to being achieved , although I do know that anything is possible and can happen in this life, but first target where it’s easy to reach first.

I don't think anything is really "impossible" as far as trading goes. You just have to focus more on getting more wins than losses and in time, these wins accumulates into a more bigger one. OP is even using leverages for his trades which come with much bigger rewards (if the trade is neither breakeven or loss). So I think it's quite achievable if he can be consistent with his trades and he seems to be doing that at the moment.

~Snipped

New video coming tuesday or wednesday. Stay tuned.

Congratulations on another great week. I'd be looking forward to your next video. Hopefully it should contain some of the TA you used for this week's trades. Kudos to you.

[winrate.io]

New video update is published today, watch it here:
https://youtu.be/xznFZNvXhh4

[winrate.io]

New video available on Youtube:
https://www.youtube.com/c/JoelonCrypto/videos

[logfiles]

Hi OP, I think there's a problem with the simulating tool especially when the total balance of the portfolio hits around $8K and above. Right from there the PnL doesn't seem to change. The value is fixed at +2050 USD for profit and -1850 USD loss no matter how high the margin goes. I think this affects the final results of the projection.



Take note how consistent the values seem to be, i thought we would see at least PnLs like -1711 USD, + 2186 USD etc for different margins used in each trade
Please check and see if there’s a problem with the tool's computation.

[winrate.io]

Hi OP, I think there's a problem with the simulating tool especially when the total balance of the portfolio hits around $8K and above. Right from there the PnL doesn't seem to change. The value is fixed at +2050 USD for profit and -1850 USD loss no matter how high the margin goes. I think this affects the final results of the projection.



Take note how consistent the values seem to be, i thought we would see at least PnLs like -1711 USD, + 2186 USD etc for different margins used in each trade
Please check and see if there’s a problem with the tool's computation.

Hi!

Thanks for letting me know about your thoughts. It's acutally not a bug. There is a default setting in "Advanced settings" where there is a max position size. Because when using leverage, the position size can get very large, so we want to cap the position size. But it's possible to change this setting.

Hope it helps. All the best,
Joel

[logfiles]

Hi!

Thanks for letting me know about your thoughts. It's acutally not a bug. There is a default setting in "Advanced settings" where there is a max position size. Because when using leverage, the position size can get very large, so we want to cap the position size. But it's possible to change this setting.

Hope it helps. All the best,
Joel

Hi Joel. Thanks for your response. It's what I was waiting for before I start my small venture using your strategy. I just want to see how I will also perform after 180 trades 

As per the position size does Bybit have such limits like Binance?

[djmixen]

Hello!

I decided to do an insane Day Trading challenge in 2021 starting now.

I will try to grow my day trading account from 100 USD to 80000 USD in 2021, growing it by +80000%.

The strategy that I will use is based on a very tweaked set of R:R, leverage and fees.

▶ WEEKLY UPDATES ON YOUTUBE:
https://www.youtube.com/c/JoelonCrypto/videos

My strategy:
- Starting Balance: 100 USD
- Technical Analysis (Triangles, Channels, Support/Resistance, RSI, Fibonacci, Macd etc.)
- Taking profit at 2% on every trade
- Cutting my losses at -1.8% on every trade (by using Stop Loss)
- Leverage: 15x
- Will use an exchange that supports low fees
- Estimated Win Rate: 66%
- Estimated amount of trades to reach goal: 180

I will also reply to questions. Wish me luck!

All the best,
Joel

It's been 2 months now almost, I wondered hows thing going now with your plan?
how many percent you've earned from this challenged you made it to yourself?
This is not an easy thing plan actually, it needs a good Technical analysis in my own opinion. I may not be a good or expert one but at least have basic knowledge only. Good luck to you.

[logfiles]

It's been 2 months now almost, I wondered hows thing going now with your plan?
how many percent you've earned from this challenged you made it to yourself?
This is not an easy thing plan actually, it needs a good Technical analysis in my own opinion. I may not be a good or expert one but at least have basic knowledge only. Good luck to you.

He does upload videos about how he carried out his trades and the TAs here - https://www.youtube.com/c/JoelonCrypto/videos

You can also track his performance using this link - https://www.winrate.io/joels-80000-trading-challenge
As of today, His Winrate is 56.3% with 180% gain. His current account balance is 280 USD after 32 trades.

[aysg76]

Its really interesting that you have planned for long term trading keeping in mind loss and gains.It would really be great if you could manage to achieve your target of $80k no matter how much times it take.Your success rate of 60% win/loss is somehow possible probability if you strategy goes right.You can hit high profits in single trade and suffer loss in next few trades but you need to be determined and make adjustments in your plans but wish you best of luck for your future goals.

[nelson4lov]

He does upload videos about how he carried out his trades and the TAs here - https://www.youtube.com/c/JoelonCrypto/videos

You can also track his performance using this link - https://www.winrate.io/joels-80000-trading-challenge
As of today, His Winrate is 56.3% with 180% gain. His current account balance is 280 USD after 32 trades.

Though 180% is a long way from 80,000%, It still looks good from the look of things. OP already mentioned a couple of times that he doesn't have to take too many trades so it's understandable. I'm just concerned about why his winning rate dropped significantly from the last time I saw. I'll reserve some time to go through his recent updates. Haven't been able to keep up with OP's trading challenge for  a while now but that's in the past now.

[winrate.io]

I just published a new weekly update about the trading challenge:
https://youtu.be/BJ9DcDNz0HM

Currently +442% in the challenge.