Guys. It's not a fastlane, but the profits are exponentially increasing if you use the right tools with only 1 hour daily time invested. Doubling money monthly is possible with low to high risk.
I would like to keep a track record here of my weekly profits/losses in trading high risk Bitcoin with leverage up to 50x.
Please don't make this another thread where you discuss pro/contra's of crypto's. This is my personal journey and you can follow me. This is not a jump in the dark ocean with some business idea, but a marathon. I'm using my proven trading strategies. You will only see the weekly profit chart here. No other charts. No other strategies or crypto related news. I don't care about the news. I'm here for the money by trading. Making bigger numbers - it's all about the numbers & some psychology (fear/greed).
The main reason for posting here, is because I make more rational trading decisions if I write it down somewhere. I don't care if you guys think Bitcoin is a scam or not. Money is to be made here if there are opportunities.
Is it a business? - No
Is it consistently profitable - Yes, if you have the knowledge of risk management, maths/statistics skills & patience
Daily required time: 1 hour
Start investment: $ 5000
Final goal: $ 1 000 000
Expected targets from experience: doubling monthly (2x the money from the previous month).
DANGERS
Trading Bitcoin with leverage up to 50x.
Losing everything is very possible.
There is an invisible line between gambling & trading. You need to find this line. But it will cost you alot in the beginning. Consider it cheap
Ofcourse, good traders don't lose everything at once
If you gain 4 times and lose 1 time, consider it a huge succes.
Give the fact that I need 1 hour a day, it's a no brainer to continue trading.
Here we go.
Lessons to myself - week 1 to week 4
Green bars: real wallet size status (indicators & EMOTION driven)
White bars: virtual wallet size status if I used my INDICATORS only (missed opportunities)
start of WEEK 1
Start with $ 5000. That's higher than I'm used to trade, but if you want big profits, you should start higher and stick to your trading strategies consistently. It's a marathon, not a Get Rich Quick sceme.
start of WEEK 2
During the previous week, I did OK. No big moves. Made 60% on a small trading size. The market was unclear. Boring market with low risk/reward ratio.
Lesson learned: /
Profit: $ 350
Missed opportunity: /
start of WEEK 3
Previous week started with a alot of unclear direction. I decided to have patience-unclear direction, let's say 50/50 up or down. This is a moment that a trader has no edge - no trading zone. The price went even higher. I had to short because the price was gone too high and all my indicators were SCREAMING: SHORT this Bitcoin. I decided to wait more. This is when the market is too euphoric and I become scared to short. I need to get rid of this in the upcoming weeks. It's a shame.
Lesson learned: trust your indicators consistently. Ignore the sentiment.
Profits: +$ 200
Missed opportunity: $ 2000 if I listened to my indicators. My edge: It was a 95% expected succes rate.
start of WEEK 4
Last week price was still going down after the missed short from last week. I decided to wait for a bottom. It looked like the price bottemed out in the short term indicators. I started to long. Got liquidated, $ 550 lost. The price went down even more until it stabilized on a long term bottom. I waited 1 more day to see where it would really bottom out. Ok. It bottomed out. I opened a long position with high leverage. All my indicators were screaming: LONG this Bitcoin. It was a safe entry, but after losing yesterday, and the market sentiment is fearfull, I decided to wait for a second dip to Long, but there was no second dip, the price went up - BECAUSE I was F* SCARED to lose 10% of my capital - to receive an extra 3x. Funny isn't it? - I need to UNLEARN the FEAR of losing 10% of my capital.
What a missed opportunity. Even if I entered, my liquidation price was far away, so, LONG was very safe at this point. It was a 5% chance that I would lose a second time. The reward was 3x, so mathematically speaking: You NEED TO take this risk. This is when I decided to keep more track record of my trades weekly.
Lesson learned: trust your indicators consistently. Ignore the sentiment. Lost 10%? Good. That means the price will go even higher after the next dip. Just continue.
Profits: - $ 550 (loss)
Missed opportunity: $ 1500 if I listened to my indicators. My edge: It was a 95% expected succes rate.
I would like to keep a track record here of my weekly profits/losses in trading high risk Bitcoin with leverage up to 50x.
Please don't make this another thread where you discuss pro/contra's of crypto's. This is my personal journey and you can follow me. This is not a jump in the dark ocean with some business idea, but a marathon. I'm using my proven trading strategies. You will only see the weekly profit chart here. No other charts. No other strategies or crypto related news. I don't care about the news. I'm here for the money by trading. Making bigger numbers - it's all about the numbers & some psychology (fear/greed).
The main reason for posting here, is because I make more rational trading decisions if I write it down somewhere. I don't care if you guys think Bitcoin is a scam or not. Money is to be made here if there are opportunities.
Is it a business? - No
Is it consistently profitable - Yes, if you have the knowledge of risk management, maths/statistics skills & patience
Daily required time: 1 hour
Start investment: $ 5000
Final goal: $ 1 000 000
Expected targets from experience: doubling monthly (2x the money from the previous month).
DANGERS
Trading Bitcoin with leverage up to 50x.
Losing everything is very possible.
There is an invisible line between gambling & trading. You need to find this line. But it will cost you alot in the beginning. Consider it cheap
Ofcourse, good traders don't lose everything at once
If you gain 4 times and lose 1 time, consider it a huge succes.
Give the fact that I need 1 hour a day, it's a no brainer to continue trading.
Here we go.
Lessons to myself - week 1 to week 4
Green bars: real wallet size status (indicators & EMOTION driven)
White bars: virtual wallet size status if I used my INDICATORS only (missed opportunities)
start of WEEK 1
Start with $ 5000. That's higher than I'm used to trade, but if you want big profits, you should start higher and stick to your trading strategies consistently. It's a marathon, not a Get Rich Quick sceme.
start of WEEK 2
During the previous week, I did OK. No big moves. Made 60% on a small trading size. The market was unclear. Boring market with low risk/reward ratio.
Lesson learned: /
Profit: $ 350
Missed opportunity: /
start of WEEK 3
Previous week started with a alot of unclear direction. I decided to have patience-unclear direction, let's say 50/50 up or down. This is a moment that a trader has no edge - no trading zone. The price went even higher. I had to short because the price was gone too high and all my indicators were SCREAMING: SHORT this Bitcoin. I decided to wait more. This is when the market is too euphoric and I become scared to short. I need to get rid of this in the upcoming weeks. It's a shame.
Lesson learned: trust your indicators consistently. Ignore the sentiment.
Profits: +$ 200
Missed opportunity: $ 2000 if I listened to my indicators. My edge: It was a 95% expected succes rate.
start of WEEK 4
Last week price was still going down after the missed short from last week. I decided to wait for a bottom. It looked like the price bottemed out in the short term indicators. I started to long. Got liquidated, $ 550 lost. The price went down even more until it stabilized on a long term bottom. I waited 1 more day to see where it would really bottom out. Ok. It bottomed out. I opened a long position with high leverage. All my indicators were screaming: LONG this Bitcoin. It was a safe entry, but after losing yesterday, and the market sentiment is fearfull, I decided to wait for a second dip to Long, but there was no second dip, the price went up - BECAUSE I was F* SCARED to lose 10% of my capital - to receive an extra 3x. Funny isn't it? - I need to UNLEARN the FEAR of losing 10% of my capital.
What a missed opportunity. Even if I entered, my liquidation price was far away, so, LONG was very safe at this point. It was a 5% chance that I would lose a second time. The reward was 3x, so mathematically speaking: You NEED TO take this risk. This is when I decided to keep more track record of my trades weekly.
Lesson learned: trust your indicators consistently. Ignore the sentiment. Lost 10%? Good. That means the price will go even higher after the next dip. Just continue.
Profits: - $ 550 (loss)
Missed opportunity: $ 1500 if I listened to my indicators. My edge: It was a 95% expected succes rate.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Attachments
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
