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.
If YFI can go from 790$ to 43k then why can not you? I really like to know about your progress about your challenge. I think that's not impossible but you need luck too because trading with high leverage can cause high losses too.
You can watch my YouTube video where I explain everything here:
▶ WATCH YOUTUBE VIDEO:
https://www.youtube.com/watch?v=mqTq8IEghYM 👈👈
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
I have watched your video and it was really interesting that you made that calculator. But I think it would be much more convenient for us if you show us some live examples of how you are going to do that.