Now I know what the hype is all about. It’s the market’s liquidity and volatility that attracts many people, especially, traders…and sugaleros
I was being overly cautious due to several news of hackers wiping your entire portfolio or exchanges closing down due to a security breach but curiosity got the best of me so I dabbled and made a 1k USD deposit as my start-up capital just to be safe.
When I opened my account, I had one objective to grow 1kUSD (50k php) to 20kUSD (1m php). I wanted to do the trading challenge that my mentor Kidlat and my mentee Hy Perion successfully accomplished way back.
Checking the cryptocurrencies’ volatility, I decided to do momentum/day trades as I haven’t got the stomach to sleep on some of the correction that the crypto’s do overnight. I have kept a checklist on the set-ups that I wanted to trade and strict rules that I must abide and these are:
- Must be in the Top 20 Gainers for the day.
- All trades that I enter should have an element of Breakout.
- As much as possible, trade uptrends
- Strict Cut rule/Free Trade
I have these rules since my plan is to go 100% port allocation on all my trades due to the small capital that I have. So I have to hunt those currencies that have extremely good RRR, else, I move on and let go.
Here’s my portfolio as of this writing:
Below are my documented trades. Take note that I have several cutlosses and free trades due to the nature of day trading.
Above are some documented trades I used using the ZFT system. I’m at awe how the system works even in cryptocurrency! These are by no means perfect examples of trade executions and there were several stocks that surged +20 to 100% move after I sold. They did a -20-40% correction before moving up and some I just sold and went as high as +100%. I didn’t chase as I’m sure it will damage my port heavily and made sure to enter perfect or almost perfect set-ups (just like in trading PSEi!)
There are a lot of traders who have better performances than my port’s but with enough dicsipline, the right system, & the obsession to follow rules, anyone can do the same or even better.
PS: Bitcoin’s recent surge helped reached this milestone and may have offset some of my bad trades.
With this I close this post.
Acheivement Unlocked: +200% in 7 Days.