PROM (1M_Journey) Entry ( 5.39 ) T( 8.1)Stop ( 4.89)

8 nov. 2024

PROMUSDT
1 Million Journey.
It is a long journey with NO FOMO & NO RUSH.
In those trades i will try to make 1 million USD from 1000 USD.
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(7)

Entry (5.39) 1000$
Target ( 8.1)
Stop ( 4.89)

This trade notes
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* Risk is (9%), Reward (50%)
* the coin made (CHOCH) on daily time frame & price now in very nice range.
* the coin is retesting for going more up but i am enough with 50% profit
* if the coin price came more down may be i will add some more to minimize my entry price and the stop loss is same.

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General information
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1. throw this challenge i will try to make 1 million USD from 1000 USD
2. It will be very long journey not fixed by time with NO FOMO & NO RUSH.
3. I will take this challenge by my personal money and my personal decisions so please if you need to follow ( do your own plan).
4. May be i can achieve that target and may be not.
5. I think it will be educational challenge.
6. May be a lot of challenges Throw the journey, i will try to correct the path every fall.
6. I do not need 1000X in one coin but i need small profit with a lot of successful trades depend on the following formula for 10% Profit

NST= ( IN(FV/C) ) / ( IN (1+P) )

NST = Number of successful trades (NST)
FV = Final value
C = Capital
P = Profit percentage
IN = Natural logarithms ( IN from calculator)

NST = ( IN ( 1000 000 / 1000 ) / ( IN ( 1 + 10% ) ) = 6.908 /.09531 = 73.5 Successful trade. with no loses.

Risk management
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1. Entry by 50% or 75% depend on the market situation.
2. Maximum 5% loses per trade.
3. Maximum 1 lose per day.
4. Maximum 2 loses per week.
5. Maximum 2 trades per day.
6. Minimum rewards has to be 5% and the maximum depends the coin targets & market situation.

Trading rules
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1. Figuring the best entry point.
2. After achieving more than 5% profit moving stop loss to secure 5% profit .
3. Trading available opportunities in the market ( everyday - every week - every month)
4. Trading will be spot only.
5. Trading will be with trusted & high liquidity platform ( Binance coins).
6. (Monitoring coins - low liquidity coins) will not be traded .
7. (High rewards -low risks - fast trades - lower time frames ) will be traded.

Notes
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1. these rules can be changed due to the market situations and new challenges.
2. You can check the journey tags in the below Tags....

tradingview.com/ideas/1_million_journey/
tradingview.com/ideas/1m_journey/

3. You can check my total posts in the below tag....

tradingview.com/ideas/crypto_alphabit/

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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
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Thank you for reading,
Crypto_alphabit
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13 nov. 2024

Note

Updating ............ 13 November 2024

I will keep buying order on (5.054 ) By 450$

To minimize the entry to be ( 5.28 ) with total 1450$

15 nov. 2024

Note

Updating ............ 15November 2024

The price touched my entry price and jumped up ….. i think this is the starting point for ⬆️

5 déc. 2024

Trade fermée manuellement

Updating .....5 December 2024

I took profit now with price (7.24) with 36% profit ….

( the coin has low liquidity & very slow ).. let’s see better opportunity with bitcoin correction …

Now total capital = 1980$ ....... Now almost 1X