$14 challenge (Crypto Futures)

Absolute brutal day in the market.
Glad I stayed out.
 
All the best. Sounds like a fun journey. I request you to please update it regularly, even if you encounter losses along the way. This would be a solid case study.
 
All the best. Sounds like a fun journey. I request you to please update it regularly, even if you encounter losses along the way. This would be a solid case study.
Thank you. I showed a loss earlier. I plan to be completely transparent :)
 
10 cents and 1 dollar? This can be OK if you're just learning how to trade and don't want to risk a lot.

But if you already know trading, what are your RR, drawdown and edge?
 
Trade 2 (Binance)
#1000LUN
Entry Price: 0.22
Exit Price: 0.30
Leverage: 10x
Profit: $71
New Balance: $351.60
 
Last edited:
10 cents and 1 dollar? This can be OK if you're just learning how to trade and don't want to risk a lot.

But if you already know trading, what are your RR, drawdown and edge?
First, the $0.10 was on the $14 account, I don't risk 100% of bank roll on one trade...That was 10% on a $1 trade. I have multiple trades open on that account.

The $1 was once I saw the market was going against my bias. I'll take $1 over 0.

Markets are choppy and I'm not a risky trader...
 
Do Kwon (Terra founder) got arrested + the merge tomorrow.... it's going to be a bumpy ride folks
 
Trade 3 (Binance)
#1000LUN
Entry Price: 0.2895
Exit Price: 0.2648
Leverage: 15x
Profit: $80
New Balance: $431
 
Trade 4 (Binance)
#RVN
Entry Price: 0.07362
Exit Price: 0.06597
Leverage: 10x
Profit: $72
New Balance: $503
 
Trade 4 (Binance)
#RVN
Entry Price: 0.07362
Exit Price: 0.06597
Leverage: 10x
Profit: $34
New Balance: $537
 
Exiting ETH trade.

I think longs are just the better trade. Underlying strength can't be denied, if there's a dip in the coming days (PPI, job/retail sales, inflation numbers etc) I think we get a sweet buy opportunity.

I'm hesitant to say this but I wouldn't put it past this market to pump tremendously to f*ck anyone who wants an easy short.

Trade 1 (Binance)
#ETHUSDT
Entry Price: 1701.75
Exit Price: 1702.95
Leverage: 3x
Profit: $1.60
New Balance: $281.60
There are various tools that tells you how much social interactions these coins are getting. You can use that too other than seeing 24 h report.
Good luck with your journey.
 
You made a row of good trades recently, what is you strategy? Do yo follow any signals?
Last time I tried paid signals from a trader I found on TradingView. He gave a couple of good advice and decided to join his free telegram signal group and made a couple of good trades in a day. I decided to join the paid channel and guess what? 50% of trades are at a loss and this simply cant work in a long term. When he makes a good guess profit is 100% and the loos if almost 100%. So we need to have more than 50% success rate to see profit.. it is gambling.
 
Back
Top