Started another 500 to 5k Challenge

[FallenSoldier]

Ok so after that 1k to 10k challenge that I made, the community asked me to start with a lower budget.
Started with 500 today and I am already at 650.

All my positions are documented, a screenshot at the time of entry/when I close and a daily update

First challenge result:
https://twitter.com/shorterprince/status/1563150259991130112
Day 7:
https://twitter.com/shorterprince/status/1567551544001761282


First move in my 500 to 5k challenge:
https://twitter.com/shorterprince/status/1565081371843895305

I use this twitter account to document everything!


UPDATE THE CHALLENGE HAS BEEN COMPLETED!!!!

UPDATE I'M STARTING A NEW CHALLENGE NEXT MONDAY, AND YOU CAN JOIN AND BE PART OF IT!

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[FallenSoldier]

Update I am at 730 now
https://twitter.com/shorterprince/status/1565079763701702662

[Nrcewker]

Update I am at 730 now
https://twitter.com/shorterprince/status/1565079763701702662

Wow that’s a great pace to be honest.
But remember my friend with great profits, great risks also come.
So trade cautiously and in limits. It’s better to have something than nothing.
You can set profit limits and trade until it’s get completed. Excess trading in search of profit “might” harm your balance. So be careful. And yes don’t forget to keep us updated.

[FallenSoldier]

Update I am at 730 now
https://twitter.com/shorterprince/status/1565079763701702662

Wow that’s a great pace to be honest.
But remember my friend with great profits, great risks also come.
So trade cautiously and in limits. It’s better to have something than nothing.
You can set profit limits and trade until it’s get completed. Excess trading in search of profit “might” harm your balance. So be careful. And yes don’t forget to keep us updated.

Im a pro trader, just doing it with the community to see where it goes, don't really care about that 500. But thanks for the love!

[FallenSoldier]

Update I am at 850

[ethereumhunter]

After what you've accomplished, I wonder how long it will take you to achieve it again in this target. But I believe you must have succeeded in seeing what you have done in the past 20 days. This time, maybe you will encounter more difficulties than in the past because the movement of bitcoin has not changed and is still in an up and down stage so this may make it difficult for you to enter the market. But with your experience can analyze the market well, I don't think it will have much impact on you. If you can achieve it in less than 20 days, it will be a great achievement because it is not easy to be able to increase our balance in such a short time. I hope you can be careful in your decision because this is getting not easy to do but I believe you can do it.

[jossiel]

Update I am at 850

Good luck.

You're doing great with these challenges and I think you'll end up with the 5k as soon as possible.

Im a pro trader, just doing it with the community to see where it goes, don't really care about that 500. But thanks for the love!

This is easy for you and soon, you'll be able to make some challenges with higher capital and with higher gains and I think that you're up to it. With such challenges you do, I think you better do a content on it with other social medias aside from Twitter.

[goldkingcoiner]

Ok so after that 1k to 10k challenge that I made, the community asked me to start with a lower budget.
Started with 500 today and I am already at 650.

All my positions are documented, a screenshot at the time of entry/when I close and a daily update

First challenge result:
https://twitter.com/shorterprince/status/1563150259991130112

First move in my 500 to 5k challenge:
https://twitter.com/shorterprince/status/1565081371843895305

I use this twitter account to document everything!

I would highly advise against leveraged/derivative trading but that's from my own perspective as I have been burnt many times before. And I am quite a veteran trader, so think it over.

As to your documentation, you should use tradingview instead. It's literally the best trading documentation tool and was created for that very reason. I see no point in using Twitter unless you were trying to get people to share your profit proclamations for whatever reasons.

[Bitcoin_Arena]

I would highly advise against leveraged/derivative trading but that's from my own perspective as I have been burnt many times before. And I am quite a veteran trader, so think it over.

I don't know if he loses certain trades as i have seen only wins when i skimmed through his profile sometime back but i think he's obviously aware of the dangers to trading using leverage so you are wasting time advising him against it.

Some questions I have for OP are;
1. Do you ever make bad trades (ones that hit your stop losses)
2. If yes, what is your win rate like?
3. What is your risk/reward ratio or you don't consider RR?

[FallenSoldier]

I would highly advise against leveraged/derivative trading but that's from my own perspective as I have been burnt many times before. And I am quite a veteran trader, so think it over.

I don't know if he loses certain trades as i have seen only wins when i skimmed through his profile sometime back but i think he's obviously aware of the dangers to trading using leverage so you are wasting time advising him against it.

Some questions I have for OP are;
1. Do you ever make bad trades (ones that hit your stop losses)
2. If yes, what is your win rate like?
3. What is your risk/reward ratio or you don't consider RR?

Yeah everyone does, was lucky today I think I made like 9-11 trades and hit a painful SL on one.

Update at 1150$ BTW, was at almost 1400 earlier

[Digital_Lord]

Actually its related to experience and lessons about trading, not every individual can get revenue in such a short time and may be due to paucity of education or perhaps he is not choosing such a good coin. I think you made such a good revenue and as the time go ahead you will be more victorious because experience makes the man faultless. You just initiate by using low hence its better concept. But you should have to make further decisions with cool mind.

[Mpamaegbu]

This time, maybe you will encounter more difficulties than in the past because the movement of bitcoin has not changed and is still in an up and down stage so this may make it difficult for you to enter the market.

I wonder why Bitcoin is mentioned here as a standpoint because from the entries I've seen made, it's not Bitcoin trades.

I would highly advise against leveraged/derivative trading

What makes you think OP didn't know all that as a professional and profitable trader that they're? At least results presented so far show OP knows what they're doing. Did you follow the $1k to $10k challenge? Listen, we don't have to hope that something goes wrong. We should applaud what OP is achieving. There are traders who are highly profitable even when most fail. OP could be an exception from the pack of average traders.

[FallenSoldier]

This time, maybe you will encounter more difficulties than in the past because the movement of bitcoin has not changed and is still in an up and down stage so this may make it difficult for you to enter the market.

I wonder why Bitcoin is mentioned here as a standpoint because from the entries I've seen made, it's not Bitcoin trades.

I would highly advise against leveraged/derivative trading

What makes you think OP didn't know all that as a professional and profitable trader that they're? At least results presented so far show OP knows what they're doing. Did you follow the $1k to $10k challenge? Listen, we don't have to hope that something goes wrong. We should applaud what OP is achieving. There are traders who are highly profitable even when most fail. OP could be an exception from the pack of average traders.

Thanks mate for the love!
Btw Update I'm at 1300 right now, had a few SL hit but only going forward

[FallenSoldier]

This time, maybe you will encounter more difficulties than in the past because the movement of bitcoin has not changed and is still in an up and down stage so this may make it difficult for you to enter the market.

I wonder why Bitcoin is mentioned here as a standpoint because from the entries I've seen made, it's not Bitcoin trades.

I would highly advise against leveraged/derivative trading

What makes you think OP didn't know all that as a professional and profitable trader that they're? At least results presented so far show OP knows what they're doing. Did you follow the $1k to $10k challenge? Listen, we don't have to hope that something goes wrong. We should applaud what OP is achieving. There are traders who are highly profitable even when most fail. OP could be an exception from the pack of average traders.

Thanks mate for the love!
Btw Update I'm at 1300 right now, had a few SL hits but only going forward

The updates are exciting but heart-dropping at the same time. I hope you could reach 5K and won't lose your funds. Not everyone could have the courage to take the challenge bravely because we all know how risky this challenge is. I wish that you could share the strategy that you applied when you succeed in your journey.

Respect mate!
Doing it for the fun and really to see where I go, don't care much about the 500

[Mpamaegbu]

~snipped~

Thanks mate for the love!
Btw Update I'm at 1300 right now, had a few SL hit but only going forward

Not a problem. I like it that you're keeping it open and transparent, even when your stop gets hit. If I may ask, do you run a telegram group or channel (I know you've got Twitter) where you also provide this type of updates?

[FallenSoldier]

~snipped~

Thanks mate for the love!
Btw Update I'm at 1300 right now, had a few SL hit but only going forward

Not a problem. I like it that you're keeping it open and transparent, even when your stop gets hit. If I may ask, do you run a telegram group or channel (I know you've got Twitter) where you also provide this type of updates?

Yeah we have a tg but just to discuss positions and hang out it's in my bio.
Had a big SL yesterday, currently at 950

[FallenSoldier]

Update I'm at 1600, got a few SL this week end but only moving forward

[o48o]

Update I'm at 1600, got a few SL this week end but only moving forward

Instantly followed in twitter and telegram, keep up the good work.

I had similar idea in mind just to get out of this mindstate where i love in with my bags and end up holding them to the ground. Although i don't think i would be successful in this and trading with high leverage is more of gambling to me.

Can i ask what exchange are you using for this?

[dothebeats]

Also re-started my trading journey a week ago. Started with just a hundred and now sitting @ $160. Not a lot of good positions at my time, and I just mostly follow other trader's positions and movements. I don't have a set goal in mind, I just want to see how far I can go with trading. Can't do it full time since I got a job that needs my focus 100%, but still trying to squeeze some trades in whenever I got the chance.

Will be watching your progression on Twitter. Not a lot of solid traders are sharing their journey with us who wants to learn nowadays. 

[Xal0lex]

Ok so after that 1k to 10k challenge that I made, the community asked me to start with a lower budget.
Started with 500 today and I am already at 650.

Trading with x51 leverage? Absolutely insane idea. How many of these crazy marathons and trials I've encountered that use margin trading. They all fail. All of them, without exception, because it's not trading, it's gambling. The risks are prohibitive. If you can do it, you will be the first to complete this trial. But if you get eliminated, don't be lazy to write about it. Because many similar OP's, who started such crazy trials, just disappear from the forum after liquidation.