KING = BITCOIN
How do you win King's Game? By practicing sniper-like abilities to (here comes the drama) FUCKING SIT ON YOUR HANDS 99% OF THE TIME AND PATIENTLY WAIT FOR EVERYTHING TO LINE UP BEFORE YOU PULL THE TRIGGER. The success of trading is not in trading, it's in the waiting. (whoaaa, what a revelation, I bet you never heard that before, right?)
MY STORY (the short version):
Started trading in 2005 (yep 14 years ago), realized it's my passion but also my curse. For 10 years I've been struggling, making some profit just to lose it all in the following weeks/months. I did all the wrong things and crashed multiple accounts (with big bucks). I traded almost every system possible, every style possible. I was focusing on all the wrong things and couldn't figure out my issue. I was broke, depressed, and almost ruined my most important relationships. It was always me who fucked up because of my (lack of) discipline. This was by far the biggest problem and many other problems derived from that. I took a year off, forgot about trading, cleared my mind, and started building myself from scratch. During that time I also discovered Bitcoin and crypto. I decided to give one last try. Things just went rocket mode from there. I settled on a method that suited me, I simplified it and have been trading it for the past 3 years with amazing success. Now I am able to make consistent profits and can live comfortably just from my trading. I regularly take a specific sum of my trading profits for my living expenses and the rest goes to my diversified long-term investment portfolio (mostly crypto). The dreams of trading for a living came true and It's an accomplishment I am very proud of.
WHY AM I DOING THIS:
No special reason other than for fun, for interaction and to maybe help someone who is willing to work hard to achieve their goals (I don't expect there to be many tbh). Trading is a lonely and boring business and I am looking forward to forum interaction once again. When I was struggling, forums like this have been a positive and a negative for me. I've learned a lot from other people but also, I realized 95% was BS, totally the wrong thing, and basically a distraction to where my focus should be.
My trading method consists mostly of short-term (intraday) positions, sometimes leaving part of my position for medium-term. (what I consider days to weeks).
I will be posting as many setups as I can with pics and commentary. You should get a general idea of my methodology through time but I will not be explicitly giving it to you on a silver platter, sorry! What I can tell you is I know exactly what kind of setup I am waiting for and I am ready to wait for weeks if need be. Once it's there I take the shot and the rest is decided by the market.
MY GOAL: 0.013BTC > 2BTC
For the purpose of this thread and this "challenge" I've opened a new ByBit account and will deposit 0.013 BTC (currently ~$150) into it. The goal is to turn that small amount of BTC into 2 BTC! I estimate that I can reach the goal in ~6-9 months. On the flip side, there is also a ~1/4 chance that I'll bust that account, however, even so, the RR is obviously worthwhile even if I make multiple attempts with the same starting balance. We'll see, it'll be fun
I do intend to post trades and account balance for this account so that I have a level of responsibility.
There are three key factors in achieving that goal:
1. MONEY MANAGEMENT (I got something very special here, unconventional that is otherwise not recommended, especially for beginners, but it scales account like crazy and with the right trading approach it can work wonders).
2. TRADING METHOD WITH AN EDGE (something I already know works for me if implemented correctly)
3. DISCIPLINE (ability to stick to the plan)
I only trade BTC as it's the most volatile asset, and we love volatility.
I'll be using a high margin. Margin can and will kill your account if you don't know what you're doing, but this scaling challenge is going to show you exactly how I've been able to grow my account from just a couple of hundred $ to multiple six-figure account in around 3 years. Remember this: concentrate when creating wealth, diversify when preserving it.
I do not intend to show my personal account as I don't think it is any of your business and I don't mind if you don't believe me. You don't need to participate in any way. Whoever will find this interesting, I only ask that you are respectful to everyone in this thread. I will do my best to answer questions but I can't promise to be very dedicated to satisfy you every time.
There are several exchanges available for margin trading (leverage) on Bitcoin. I've used most of them in the past but have settled on ByBit because it offers everything I need, it's transparent, and it's incredibly easy to use regarding order management and the entire interface. In addition, it has a cool built-in PNL tracking on my entire account with graph, so it'll be a convenient way to see my progress. I love it, it makes my life easier!
You can use my referral link and get a benefit of up to 60$ free if you like. I don't like referral links myself but when we can both benefit, why not?
So, let the journey begin.
CURRENT STATS (last update 23.8.2019):
_________________________________________________
MONTH: AUGUST
TRADES: 9
WIN: 7
LOSS: 2
CURRENT MONTH ROI: 94.60%
_________________________________________________
How do you win King's Game? By practicing sniper-like abilities to (here comes the drama) FUCKING SIT ON YOUR HANDS 99% OF THE TIME AND PATIENTLY WAIT FOR EVERYTHING TO LINE UP BEFORE YOU PULL THE TRIGGER. The success of trading is not in trading, it's in the waiting. (whoaaa, what a revelation, I bet you never heard that before, right?)
MY STORY (the short version):
Started trading in 2005 (yep 14 years ago), realized it's my passion but also my curse. For 10 years I've been struggling, making some profit just to lose it all in the following weeks/months. I did all the wrong things and crashed multiple accounts (with big bucks). I traded almost every system possible, every style possible. I was focusing on all the wrong things and couldn't figure out my issue. I was broke, depressed, and almost ruined my most important relationships. It was always me who fucked up because of my (lack of) discipline. This was by far the biggest problem and many other problems derived from that. I took a year off, forgot about trading, cleared my mind, and started building myself from scratch. During that time I also discovered Bitcoin and crypto. I decided to give one last try. Things just went rocket mode from there. I settled on a method that suited me, I simplified it and have been trading it for the past 3 years with amazing success. Now I am able to make consistent profits and can live comfortably just from my trading. I regularly take a specific sum of my trading profits for my living expenses and the rest goes to my diversified long-term investment portfolio (mostly crypto). The dreams of trading for a living came true and It's an accomplishment I am very proud of.
WHY AM I DOING THIS:
No special reason other than for fun, for interaction and to maybe help someone who is willing to work hard to achieve their goals (I don't expect there to be many tbh). Trading is a lonely and boring business and I am looking forward to forum interaction once again. When I was struggling, forums like this have been a positive and a negative for me. I've learned a lot from other people but also, I realized 95% was BS, totally the wrong thing, and basically a distraction to where my focus should be.
My trading method consists mostly of short-term (intraday) positions, sometimes leaving part of my position for medium-term. (what I consider days to weeks).
I will be posting as many setups as I can with pics and commentary. You should get a general idea of my methodology through time but I will not be explicitly giving it to you on a silver platter, sorry! What I can tell you is I know exactly what kind of setup I am waiting for and I am ready to wait for weeks if need be. Once it's there I take the shot and the rest is decided by the market.
MY GOAL: 0.013BTC > 2BTC
For the purpose of this thread and this "challenge" I've opened a new ByBit account and will deposit 0.013 BTC (currently ~$150) into it. The goal is to turn that small amount of BTC into 2 BTC! I estimate that I can reach the goal in ~6-9 months. On the flip side, there is also a ~1/4 chance that I'll bust that account, however, even so, the RR is obviously worthwhile even if I make multiple attempts with the same starting balance. We'll see, it'll be fun
I do intend to post trades and account balance for this account so that I have a level of responsibility.
There are three key factors in achieving that goal:
1. MONEY MANAGEMENT (I got something very special here, unconventional that is otherwise not recommended, especially for beginners, but it scales account like crazy and with the right trading approach it can work wonders).
2. TRADING METHOD WITH AN EDGE (something I already know works for me if implemented correctly)
3. DISCIPLINE (ability to stick to the plan)
I only trade BTC as it's the most volatile asset, and we love volatility.
I'll be using a high margin. Margin can and will kill your account if you don't know what you're doing, but this scaling challenge is going to show you exactly how I've been able to grow my account from just a couple of hundred $ to multiple six-figure account in around 3 years. Remember this: concentrate when creating wealth, diversify when preserving it.
I do not intend to show my personal account as I don't think it is any of your business and I don't mind if you don't believe me. You don't need to participate in any way. Whoever will find this interesting, I only ask that you are respectful to everyone in this thread. I will do my best to answer questions but I can't promise to be very dedicated to satisfy you every time.
There are several exchanges available for margin trading (leverage) on Bitcoin. I've used most of them in the past but have settled on ByBit because it offers everything I need, it's transparent, and it's incredibly easy to use regarding order management and the entire interface. In addition, it has a cool built-in PNL tracking on my entire account with graph, so it'll be a convenient way to see my progress. I love it, it makes my life easier!
You can use my referral link and get a benefit of up to 60$ free if you like. I don't like referral links myself but when we can both benefit, why not?
So, let the journey begin.
CURRENT STATS (last update 23.8.2019):
_________________________________________________
MONTH: AUGUST
TRADES: 9
WIN: 7
LOSS: 2
CURRENT MONTH ROI: 94.60%
_________________________________________________
