This the first chance I have to thank all the followers on my account, granted many of you may not be interested in everything I post. I have been on Steemit for about a month, it has been an amazing experience, mostly the one to be able to post and interact with others.
To those who do actually read my posts :) Thank-you!!
As an update on my trading posts :
My posts have been usually about updates on ETH, BTC, XRP since I only have a single trading account at Bitfinex. There are many out there doing analysis on these cryptos, and I feel there is no need for me to add to the redundancy since it may not be of much value to this platform (?). I do it mostly for myself, whether or not other traders actually benefit from it, I do take advantage of my own analysis before entering a position.
Since I started posting on Steemit a month ago, I had switched from trading Futures entirely and dedicated my time to crypto currencies. I do not rely on Fundamentals, but only on Technical Analysis. It's only been a month since I opened my first account, and it has already grown +33% :). I know, that seem small compared to the gains that you hear out there. I am low-risk taker, but if you compounded this gains monthly, that is not going to be small gains in a year.
Since I see a lot of new crypto traders out there, I have decided as a challenge to myself to be even more transparent so the people following can actually see how I plan my trades before I even trade. So I have decided to start out a new account with $500 (for security reasons mostly) and show how new traders can grow this into the next $650, then $845, and then $1,000 in a matter of months (30% gains, roughly each month).
Hope you can follow me on this journey. I will provide transparent updates every week on the progress of this account, and hopefully you can learn from my strategies, mistakes, and technical analysis.
I am not saying doubling a $500 account will happen within the first 3 months, but I am saying that it is possible using an aggressive account protection strategy where the odds can play out in the traders favor.
I am really excited about starting this new chapter on Steemit!
Feel free to post comments and let me know what you think :)