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Re: +80000% Bitcoin Day Trading Challenge 2021 NEW VIDEO TODAY!!
by
winrate.io
on 26/03/2021, 20:37:45 UTC
I just published a new weekly update about the trading challenge:
https://youtu.be/BJ9DcDNz0HM

Currently +442% in the challenge.
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Board Trading Discussion
Re: +80000% Bitcoin Day Trading Challenge 2021 NEW VIDEO TODAY!!
by
winrate.io
on 10/03/2021, 12:13:16 UTC
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
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Board Trading Discussion
Re: +80000% Bitcoin Day Trading Challenge 2021 NEW VIDEO TODAY!!
by
winrate.io
on 04/03/2021, 21:41:54 UTC
New video available on Youtube:
https://www.youtube.com/c/JoelonCrypto/videos
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Board Trading Discussion
Re: +80000% Bitcoin Day Trading Challenge 2021 NEW VIDEO TODAY!!
by
winrate.io
on 17/02/2021, 15:51:44 UTC
New video update is published today, watch it here:
https://youtu.be/xznFZNvXhh4
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021? +63% WEEK
by
winrate.io
on 15/02/2021, 08:32:29 UTC
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?

Thanks for the support! I really appreciate that.

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.

Thanks for the support, I really appreciate that!
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Board Trading Discussion
Merits 1 from 1 user
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021? +63% WEEK
by
winrate.io
on 14/02/2021, 22:04:38 UTC
⭐ Merited by logfiles (1)
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.
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021? +63% WEEK
by
winrate.io
on 14/02/2021, 21:59:11 UTC
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
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021? +63% WEEK
by
winrate.io
on 10/02/2021, 15:29:08 UTC
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!
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021? *NEW UPDATE*
by
winrate.io
on 01/02/2021, 15:04:16 UTC
Thanks for the support everyone!

For you who lost faith in my because I had a bumpy start, I understand, 100%.

However, I will not give up, and I expect next update to be in the green.

For me, day trading is all about identifying the weaknesses and correct them. Past week, my psychology was failing on me which lead to me breaking my rules. So the strategy itself is still intact.
Now, lets fix the psychology issue and move on.
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Re: [CHALLENGE] Can I go from $100 to $80000 in 2021? *NEW UPDATE*
by
winrate.io
on 28/01/2021, 19:43:45 UTC
I watched your video on YouTube now and subscribed to it quite insightful and well analyzed, I believed this is a big challenge to us who wanted to start crypto trading to learn, understand and know the rope, I will be interested in watching your weekly analysis and try follow your trading style or strategy and I would like to know the money management you had utilized and how you are compounding your profits so as to achieve your desire target of $8K at the end of the year.

Thanks for the support Gabbie! I will keep posting! Smiley
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 28/01/2021, 15:13:52 UTC
New weekly update on Youtube live now:
https://youtu.be/4azgMZrgOak
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 26/01/2021, 20:43:33 UTC
Hi! I just want to let you all know that my next video is a bit delayed unfortunately. This project was a bit more time consuming than I first thought. But an update is coming soon. Stay tuned!
I think people care about the latest situation more than the video itself honestly. I know that creating a video would mean you would make a bigger profit, and in case you fail your challenge and not make 80k with your 100 bucks (let's face it most people think you won't be able to, including me) you would at least have a youtube video income in that case.

However we care more about the numbers and not about the video, which means if you really trust yourself that you could make this type of profit, you do not need the few bucks that would come from youtube. In that case I would rather check here time to time to see how you are doing by way of text. You would just come here at the end of every trading day and you would write how much you made or lost and we would see if you are on the path to achieve it or not. This way it just looks like you are trying to get subs for your channel and that's about it.

I understand what you mean, I have followers outside of Bitcointalk who also wants to know how it goes. So Youtube will be the place where I will focus on the updates. It's also easier to explain the trades and the thought process behind them on a video. But I will of course update here shortly by text as well.
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 25/01/2021, 11:29:11 UTC
Hi! I just want to let you all know that my next video is a bit delayed unfortunately. This project was a bit more time consuming than I first thought. But an update is coming soon. Stay tuned!
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 23/01/2021, 15:55:21 UTC
When are you releasing the next video?

I'm working on the next video as we speak. It will be released between 24-26 Januari. Thanks for your patience.
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 18/01/2021, 18:45:30 UTC
This is first time I am seeing such thread about trading challenge and the challenge is not like as a lollipop. It's 80000% growth challenge in one year. It's quite interesting. I can not believe this is really possible and someone can do that. But yeah I wish you a big good luck. And I will watch the video when I have some free time so that I can get it easily in my head Since this is challenging strategy. Keep updating here Smiley

I'm happy to hear that you find it interesting! This is what I would enjoy watching, but no one is doing it, so I had to do it myself Smiley There are very few strategies that can achieve this, since I have to work with a very specific leverage and R:R to even get the math to work.

Now when the math works, it's up to the win rate to stay above 66%. I hope I can do it! I will post here and on Youtube with updates.

Cheers!
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 18/01/2021, 16:49:22 UTC
I put on myself something similar but the margins are smaller. I put 200$ to get to around 3k until end of 2021. I have bookmark this page and we will see what will future bring to us. Good luck.

Nice, it's fun with these challenges. Especially when you have a clear strategy. Thanks!
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 17/01/2021, 17:37:07 UTC
I'm planning to accept this kind of challenge the same value but I will trade with the finance I almost trade just a minimum of 10 USD and a maximum of 30 USD now I would like to try this challenge too by my self but right now I will risk over 100 USD the same with OP just to try but I think I will go for a 15-20 leverage and using technical indicators of

MACD
RSI
BOL

Just wondering OP I hope you will notice this what coin you are trading with? Just BTC pair? Can you whisper some of them? Just a tip too because you already made a lot of trades than me.

Thats awesome! Have you tried using a 20x leverage in my profit calculator?

I will mainly focus on trading BTC, but sometimes there might be a better opportunity on other coins as well, such as ETH, BCH, LTC. In that case, I will trade these coins as well. But in general I think BTC is a bit easier to trade.

I will follow this thread. You have set ambitious goals, although I don't think you can, but ... nothing is impossible). In any case, good luck, you will need it, I hope this thread is not closed after a month)

Thanks, feel free to follow me on Youtube as well, where I will post updates. Thanks for the good luck Smiley
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Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 17/01/2021, 13:13:06 UTC
Let see what will happen, I will not say that your target is really high because future market will still give you a profit when bitcoin/altcoin price fall. So, there will be a chance for you to reach your target.

Future market is really suitable for professional trader I guess, it is not suitable for those who just new to trade even for those who still learning how technical analyst is, they will fall if they force themselve to keep trade on future market.

I feel it until now, I just new to trade ans still learn how technical analyst is, until I can buy trading book one per week but it doesn't work. I haven't found a trading system that work for me, I just open the bool again if there is simmiliarity movement on the chart and it is really bad.

Yes, for my strategy, it doesn't really matter if the crypto market is going up, down or sideways since I'm day trading. But of course, it's always easier to trade in an extreme bull market. I think this will be an interesting challenge where we can learn a lot together. Keep an eye on my Youtube channel for the next video.


Good luck with the challenge, you will need it!

I still believe that Technical Analysis does not apply to crypto where the market moves much stronger on the news, FUD, etc.

in fact technical analysis applies to the cryptocurrency market as well. if you take some time and look at the bitcoin or ETH chart and then take some time to learn about technical analysis you can see that you can use technical analysis in this cryptocurrency market




I want to follow this challenge and suggest to the creator of the thread that he constantly post his daily or weekly or monthly profits and losses


Yes, Technical Analysis work in the crypto market as well. However, technical analysis doesn't work 100% of the time of course, but we don't need it to work 100% of the times Smiley As long as it can work 66% of the times, we're all good.

I will update the thread here frequently. But I would suggest to keep an eye on my Youtube channel for more information about the challenge.


At most from this January we have 12-18 months for both Bitcoin and altcoin parabolic rally if the 4 year cycle will repeat itself. For $80000 from $100, it will be 800x, which might be difficult from one investment in this period either altcoin or bitcoin, however, it is not advisable to invest in only one project because the risk is high for any project and it is very unpredictable. One might need to reconsider his goal and develop a better strategy of investment to achieve certain return.

Yes, but I will Day Trade, so I will be able to catch the smaller waves as well and I'm also using 15x leverage, so in the theory, I can grow a lot faster than HODLers. But this is a challange, so lets see! Smiley
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Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 16/01/2021, 19:39:56 UTC
I find it quite amazing after checking your site https://www.winrate.io/?80000-strategy starting from $100 and grows to $64,220 then realized that just a simulation Cheesy after watching the video, hopefully this works really well for you in reality.
Notice the price movement today, the day's range fluctuates from $32,327 — $37,800. So I assume you have made a good profit so far, waiting for your portfolio in the next week.

Haha! That's funny Smiley No we're not there yet! Lets sees how it goes!


good luck: d I am so curious about the results of your challenge, don't forget to share the results of this challenge later

I'm curious too! I will post updates on my Youtube channel so keep an eye there. Will also write here from time to time.


Finally a good and interesting thread on trading experience. Your video is cool man. Merit for this cool introduction, I also followed some challenge users on twitter and honestly I cant help but get inspired by the likes of you. Currently watching the video and really you are good on explaination.

Will also try this sometime. Just subscribed to your channel last night. Seems good to follow and watch your videos, looking forward to result as well.

Thank you man! I'm happy to hear that! Thanks for the subscription, see you in upcoming videos!
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Board Trading Discussion
Re: [CHALLENGE] Can I go from $100 to $80000 in 2021 (+80000% Growth) ?! 😲
by
winrate.io
on 14/01/2021, 12:46:20 UTC
I will also reply to questions. Wish me luck!

All the best,
Joel
I wish you all the best in that endeavour, Joel. I know you want to use compounding to grow your capital base, ploughing back your profit into your trades without withdrawing them. However, my reservation is on the low capital and the 2% profit range you want to indulge on each trade. I believe the percentage is small and will not be the best strategy to grow at the rate you're projecting if you were to meet up the target of $80,000 for the year. Why not allow the profit run and then concentrate on your SL more.

Thank you! Yes, you have a point. There are many different ways to approach it. I have tried the method where I manage the trade actively and moving the stoploss and increasing the target profit. However, I feel like that style is a lot more emotial and time consuming for me.

Let me ask you, did you watch the video where I show the math behind my strategy? If I can have a win rate at 66%, I can actually reach the goal even with 2% trades.

All the best,
Joel