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RE: Part #3 My insane challenge - $20,000 USD -> $40,000 USD DONE (Goal is $10,000,000 USD)

in #cyrptocurrency • 7 years ago

Quite amazing achievements you got there.Im so happy seeing people have such success.Do you have any specific method that you follow or you just are into crypto too much to know whether a coin is go high ? Anyways keep it up with the good earnings.

7 years ago in #cyrptocurrency by
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     7 years ago  

    @castbound. Thank you so much for your comments. I am happy if other people want to join me but be aware, there is a single point of failure (one bad trade and I'm well aware of that).

    Here are my trade rules on this trading strategy.

    1. I need to understand the coin, reasearch it and believe in the project 100%.
    2. I'm only investing in mid and large cap coins (200M USD +). I need liquidity.
    3. I follow Clif Highs' reports and recommendations first and Trader Boss (from Jsnip4's channel) second.
    4. They both need to have consensus on a coin before I will invest. Clif is great for fundamental analysis and Trader Boss is good for advising on entry points.
    5. Timing is everything. I'm getting into the trade prior to product launch (OMG, EOS etc) when there is momentum building.
    6. It's a value and not a growth strategy. That is I'm trying to get into coins that I believe are undervalued and can double. This will most likely exclude Bitcoin and Ethereum until the last few trades (i.e.If I'm trading 2M USD, I will trade a bit more conservatively).
    7. I believe that Cryptos have a lot of momentum now and will be on a tear next year, I'm trading accordingly. I've traded Forex before and it's a completely different animal.

    This is a binary trade for me. If I can reach my target I'm retired, otherwise I'm stuck in my job for a few year. There is no in between and I'm willing to take that risk accordingly.

    $10,000 USD -> $10,000,000 USD is what I'm targeting however, $1,000 -> $1,000,000 USD is not a bad result either ;)

    Hope this helps explain :)

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       7 years ago  

      Yes it does explain a lot. Thanks for the tips and I hope you reach your desired goal.

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