Part 1 - $100 per day goal.

in #trading6 years ago

I asked my twitter following if I should post my trades using a simple method anyone could use. The result is me documenting my $100 per day goal.

Starting with $1,000

In around 10 day's, I should double my initial amount.

During testing of this method, I traded a few projects, but micro caps gave me the best result.

So, then I asked my twitter following, what project I should trade on to find an active community... The results where clear... x42 it is!

I'm going to split the $1000 in half, and about half of my holdings in BTC and the other half in x42.

Steps to get started:

  • I had to create a STEX account.
  • I bought $1000 worth of BitCoin with CoinBase, and sent the BTC to STEX.
  • I bought $500 worth of x42 at STEX and keep the other $500 in BTC.
Indicator:

I'm going to use Stoch RSI
To use the Stoch RSI, open the x42 market page:
https://app.stex.com/en/trade/pair/BTC/X42/60

  1. Click on indicators
  2. Click in the search box and type RSI
  3. Select Stochastic RSI in the list.

I'm going to use 1 hour - 12 hour time frames.

Look at the bottom with the purple, when the lines are above the purple section, it is a good time to sell, when they are below it is a good time to buy.
Right now the 1, 4 and 12 hour time frames all show that it's time to sell

This is when my sell orders will hit... Now it is time to set buy orders so we can buy low sell high and make some money.

Today's orders:

DISCLAIMER: I hold many many large/medium/micro caps, and yes, I have x42. This is only a journal illustrating trading the x42 market to get my desired results