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Progress Thread From Professional Bum to Millionaire SugarDaddy

Discussion in 'Progress Threads' started by IQover9000, Jun 14, 2017.

  1. IQover9000

    IQover9000 Scholar Premium Member

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    Yes. I made some decent profit with ETH.
    ETH is a good coin to start off with because there is a huge community of supporters that will not let ETH die overnight.

    If you want, you can buy ETH at $290 on Coinbase, send it to Bittrex, and sell at $305 for a 3% profit (fees already deducted).
    Of course, you can buy lower than $290 (if it drops lower) and sell higher than $305 for a better profit.
    Just remember not to be greedy and take profit when you can.
    In the end, profit is profit.
     
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  2. cryptodude

    cryptodude Master of Crypto Staff Member Super Admin Premium Member

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    Good point, it's important to be a disciplined investor and get in and out. The greedy investors will more often than not lose a lot more in the long run.
     
  3. IQover9000

    IQover9000 Scholar Premium Member

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    Week 2: August 6-12
    Sunday: $0
    Monday: $538.21
    Tuesday: $449.51
    Wednesday: $213.65
    Thursday: $187.55
    Friday: $130.91
    Saturday: -$1.67 (Sold to recoup funds)
    WEEK TOTAL: $1518.16
    MONTH TOTAL: $1932.14

    Here are some trades or holds on Bittrex:

    upload_2017-8-15_13-44-51.png
     
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  4. IQover9000

    IQover9000 Scholar Premium Member

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    With an IQ over 9000, sometimes I forget to use common sense and made newbie mistakes (probably due to greediness).
    Because my goal for each day was about $200, I was focused on making at least $100/trade starting the second week.
    The problem was that it became a little more difficult because I was not thinking about the investment.

    It is easy to make $100 if I was investing $3000, but some trades were only $1000.
    For a $100 profit, I'd have to wait for the coin to rise 10% (excluding fees), which does not happen as frequently as 3-5%.

    The lesson here is to focus more on the percentage value instead of the dollar amount.
    I will now focus my profits in the 3-5% range.
    3% per day will give me about 100% profit per month.
    5% will give me 150% per month.
    Percentage will be greater if profits are reinvested.


    Hope you guys can learn from my mistake.
     
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  5. xyzzy

    xyzzy Master of None Staff Member Super Admin

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    Wow, great progress Sam. Keep it up!

    What criteria do you look for when making a buy decision on a coin?
     
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  6. Sean Louk

    Sean Louk Scholar Premium Member

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    Shit. Now I really need to start day trading. You've converted me.
     
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  7. IQover9000

    IQover9000 Scholar Premium Member

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    I like to look at the total market cap, market depth, order boxes to see if there are any bots, bollinger bands, and MACD for signals.
     
  8. IQover9000

    IQover9000 Scholar Premium Member

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    Week 3: August 13-19
    Sunday: $112.32
    Monday: $-13.31 (Missed out on $800 because I didn't think coin would pump.)
    Tuesday: $49.56
    Wednesday: $0
    Thursday: $401.44
    Friday: $0
    Saturday: $559.29
    WEEK TOTAL: $1109.30
    MONTH TOTAL: $3041.44

    Let's just say I made a few bad calls this past week.
    Could have been up $8-10K.
     
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  9. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    Keep it up, mate! It's nice seeing your progress on here.
     
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  10. IQover9000

    IQover9000 Scholar Premium Member

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    Thanks!
    I will be posting another update for the week soon.
     
  11. IQover9000

    IQover9000 Scholar Premium Member

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    Week 4: August 20-26
    Sunday: $38.86
    Monday: $0
    Tuesday: $0
    Wednesday: $159.58
    Thursday: $272.25
    Friday: $0
    Saturday: $290.45
    WEEK TOTAL: $761.14
    MONTH TOTAL: $3808.58

    Let's just say I've been busy catching up with other work this week and got some of my investments stuck on a few trades.
    Still managed to profit $761, excluding some profits from previous long-term investments.
    5 more days to go.
    Let's hope for a miracle.
     
  12. IQover9000

    IQover9000 Scholar Premium Member

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    Week 5: August 27-31
    Sunday: $0
    Monday: $350.14
    Tuesday: $289.72
    Wednesday: $0 (No gains due to traveling.)
    Thursday: $0 (No gains due to traveling.)
    WEEK TOTAL: $639.86
    MONTH TOTAL: $4448.44 out of $6000 invested.


    Snapshot of some sell orders:

    upload_2017-9-1_12-35-27.png



    First two weeks of the month were great.
    Last remaining weeks were a little tough due to several issues.
    Overall, I have profited 74% of my $6000 investment.
    This does not include profits from selling BTC or ETH.
    In other words, I used USD to purchase BTC/ETH and traded with these.
    The profits have not been added if I were to sell the BTC or ETH, which would put my profits over $6000 or +100%, since BTC has jumped from $4200 (purchased price) to $4850 and ETH from $300 (purchased price) to $390.
    This also does not include profits I have made with my other investments on top of the $6000.
    Still there are a few coins I am holding due to dips that I am hoping to take profit on in September.

    Shooting for $10k this round. Who's with me?
     
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  13. JakeA

    JakeA Contributor

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    Nice bro, keep up the good work! When btc or eth dips, how do you know that when you buy it, it won't continue going down?
     
  14. IQover9000

    IQover9000 Scholar Premium Member

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    You really can't tell when the dip will stop, but you can buy in batches as it dips lower and lower.
    I wouldn't suggest throwing all of your money in at the very first dip.
     
  15. Sean Louk

    Sean Louk Scholar Premium Member

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    Haven't heard from you in a while, Sam. I'm guessing you already reached Millionaire Sugar Daddy status??
     
  16. IQover9000

    IQover9000 Scholar Premium Member

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    Hi Sean.
    Apologies for being inactive on the forum.
    Money has been really great, but it is because I am spending a little more time with my eyes glued to the screen.
    December was an amazing month, especially when I made $20,0000 on Christmas Eve alone!

    I will be sharing some tips that I have learned throughout this time so bear with me.
     
  17. extrabits

    extrabits Contributor

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    Share you current result now.
     
  18. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    +1
     
  19. catholiccoins

    catholiccoins Contributor

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    I am following you, may get some result
     
  20. Areding

    Areding Contributor

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    It’s a good idea to start keeping your trader’s diary here, it keeps you on and gives you motivation for improvement
     

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