Humble beginnings- My 11 trade experiment

in #trade7 years ago (edited)

This is not only the first post of mine but the first post in what I plan to be a series of posts documenting an 11 trade experiment. The end goal is to have made $1M by the last trade. I plan to make 100% on every trade as a minimum, which I will move in full onto the next trade after reaching the target for that trade. My first few trades will require me taking profits at 2-300% before moving on to meet this target because of the low value of my initial trade.

I do have other trades on the go but those are all investments in projects I believe in and I will keep those active. This is an exercise performed out of interest and if it pans out then I will be able to live my life entirely on the blockchain, so lets see how it goes =-)

I have begun by putting $250 into HSR. The trade itself has the possibility of a 700% return from where I'm at but I will happily take profits and move on before then. By trade number 3 I will only need to make 100% on each trade.

Here is my plan. I will pick coins the next coins when i am ready to invest in them.

  1. HSR - $250 -$750.
  2. another coin: $750 - $2K
  3. $2K -$4K
  4. $4K- $8K
  5. $8K -$16K
  6. $16K - $32K
  7. $32K - $64K
  8. $64K - $125K
  9. $125K - $250K
  10. $250k $500K
  11. $500K - $$1M

That's it. Pretty simple. Just need to have the guts at the higher end to drop large amounts in one trade. Logically, one dollar or 100 thousand should make no difference but I cannot discount that I may struggle emotionally. Time will tell. Wish me luck! =-)

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Let’s get rich 😆 cause we’re in it for the tech

haha. Yep. XD

I am following you and once you get to trade 5# and higher you will need balls of steel... or maybe add another 10 trades... and make it 21 trades and not 11 and take profits.. on the ride up... maybe a good idea...

you're absolutely right! I'm gonna need a LOT of nerve from trade 5 onwards. It'll be tough enough even before that but those kind of landmark sums could be life changing in themselves. Just gotta keep the bigger picture in mind.......and my wife from having a hernia when i drop 65k on a single trade XD