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My Crypto Trading Journey to 50$ to 10k$

Discussion in 'My Journey Discussions' started by littlemaster7272, May 14, 2020.

  1. Fragmaster

    Fragmaster Jr. VIP Jr. VIP

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    Only issue I have with leverage trading is that it is hardly different than gambling. Unless you are acting upon golden private information, sooner or later you get busted.
    I mean, short-term volatility is seemingly random, and it's no different than saying martingale strategy works. It works until it doesn't. Gain is often linear, and loss is exponential.
    Luckily for OP, there is no harm in losing $50.

    If suddenly everybody trades, and everybody wins, we are in a bubble, and plan your exit accordingly.
     
  2. Nicatropo

    Nicatropo Newbie

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    OP, how did you learn to trade? Did you go through specific courses or read specific books and if yes, could you please give me some suggestions?
    Thanks and good luck with your plan
     
  3. Ruhcoon

    Ruhcoon Registered Member

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    Binance already has 160 dollars. Started with 70.
     
  4. littlemaster7272

    littlemaster7272 Newbie

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    Yes you are right. I learn alot in these last 4 years. By trading everyday I know there is too much risk. Before entering in any trade I set my stop loss limit and take profit limit with TA.
    I use really tight stop loss to avoid big loss, If i lost in trade then i wait for the entry point it may take sometimes days...
     
  5. littlemaster7272

    littlemaster7272 Newbie

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    Thanks for the Compliments.
    in 4 years of my trading life I liquidated 100s of time, but every liquidation learn me something. Maybe you are this time again i can lost my all money, but i started just with 50bucks only.
     
  6. reissxr

    reissxr Registered Member

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    How much are you risking? Any more than 3% each trade or?
     
  7. littlemaster7272

    littlemaster7272 Newbie

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    I only work with support and resistance levels.
     
  8. Sinnerbh

    Sinnerbh Registered Member

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    he asked how much of your capital are you risking on every single trade.
     
  9. littlemaster7272

    littlemaster7272 Newbie

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    I trade only 5 min chart. lower support will be my stop loss. It does not matter where it is. sometimes only 10bucks lower or sometimes almost 50 bucks.

    UPDATE:
    NEW BALANCE 110$
     

    Attached Files:

  10. VSYNC

    VSYNC Power Member

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    Invisible threads are the strongest ties~Nietzsche
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    How did it get so late so soon?~Dr. Seuss
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    :D one of the best ever
     
  11. ford2022

    ford2022 Newbie

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    Is it need to verify in Binance for margin trading?
     
  12. highw0w

    highw0w Registered Member

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    Man, you're climbing pretty fast! I really doubt you will do 10k with an experience from 2016.
     
  13. rifmedia

    rifmedia Newbie

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    It looks you havn't learned anything from time you spend in crypto since 2016.
    Keep dreaming.
     
    • Thanks Thanks x 1
  14. lazguy

    lazguy Registered Member

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    Good luck bro!
     
  15. TheCryptoWhale

    TheCryptoWhale Registered Member

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    Good luck. Better trade altcoins if you want much bigger gains.
     
  16. botguy

    botguy Newbie

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    All the best for your journey, i hope you have created a solid plan to succeed. Can you(and others also) answer these 2 questions :
    1. Do those telegram paid signal groups are legit or scam ? If i look at their reports then it always show profit, this seems fishy.
    2. Can i put both stop loss and sell signal together ? I tried before, i was only able to put either stop loss or sell at some price. Can i put both commands?
     
  17. Sinnerbh

    Sinnerbh Registered Member

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    1- scam
    2- yes, on Bitmex
     
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  18. DunderMannen

    DunderMannen Power Member

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    Wow! I see you're making progress.

    Trading futures though; especially when it comes to BTC - is not a very good idea. Honestly, sooner or later you'll lose all of that money. If you need a loan of $10k paid off in 4 months, what about getting a dayjob instead? Then negotiating your payment plan by making consistent larger payments than needed for the next 4 months.

    Believing in yourself will not make you get 200x your bankroll in 4 months, sadly.