Thread by @RektProof

Degen Account:

500$ Start Balance

Price Action is kinda flat so gonna mix it up a bit and break or make this account within this thread.

Need a little bit of fun.

High Risk/High Reward.

#Bitcoin

Degen Account Update:

Started the account out with an L risking 20% and cutting it for -5% acc hit.

Currently long on ETH off the daily open and looking for the LTF FVG Fill.

As mentioned; high risk.

Will log the trades once they close and update.

LFG!

Degen Account Update:

Not much to update been sitting on my hands the last week. Volatility is absolute 🗑️

3 trades so far: 2 L's/ 1W but up 42% on the account.
Got stopped on a BTC long but was low conviction so cut the risk in half.

For now I'm just marking out levels.

Degen Account Update:

Start Balance: 500$
Current Balance: 809.93$
Up 51%+

4 trades in and managed a long scalp into the range high not the most glamorous R but enough to a hit ATH.

Looking for shorts once we fill the FVG.

#BTC

Degen Account Update:

Start Balance: 500$
Current Balance: 966.93$
Up 71%

Three tap below for a long and three tap above for a short.

Not a bad day considering this is all within a 500$ range.

Will sit out for now and watch for something new to develop.

#BTC

Degen Account Update:

Start Balance: 500$
Current Balance: 2,119.12$
Up 323.94%

2 Solid back to back wins on AXS short and a BTC day trade long. Market finally giving some volatility so lets see if we can nail more trades instead of waiting out.

#BTC

Degen Account Update:

Start Balance: 500$
Current Balance: 3,404.65$
Up 581%

Got hit on a ETH/LTC position but recovered with 2 back to back ETH Longs hitting full TP.

I went a little overboard on a running BTC long and went for 60% risk missed my SL twice, JFC.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 3,404.65$
Up 581%
Pending: 10k+ balance

Currently have 3 positions opened and this is the break it or make it point.

The next time I report the account will either be 20x+ or liquidated.

#bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 12,204.19$
Up 2340.84% (23.4x)

Have officially 23.4x the Degen account

BTC risk long paid a majority of the account and closed out ETH long to secure some profits. Currently just holding LTC long.

LFG!

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 14,623.75$
Up 2824.75% (28.75x)

Was looking to hold LTC but rather start fresh this week. Laid out some game plans for btc both short and longs

Only taking 1 position at a time on this account for now.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 10,272.55$
Up 1954.51% (19.54x)

First major L getting stopped at the ETH Low.
No worries, entered a positional long on ICP so might not update for a little while trying to manage as little as possible.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 10,272.55$
Up 1954.51% (19.54x)

12k+ Pending profit

Around 40x+ floating on the account but still haven't closed. Nice bounce back from the ETH L

ICP and MATIC longs doing me well

Will update when I close

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 24,786.77$
Up 4857.35% (48.35x)

Closed my positions since I just hit a new benchmark on the account. Matic and ICP paid off huge and In no way did I expect this progression.

This challenge has been fun.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 24,786.77$
Up 4857.35% (48.57x)

Not much to comment except I toned down my risk a little and got some exposure on a few alts

BTC Still chopping around and don't have a clear view on it

Lets see what we get

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 32,843.71$ (44k+ Pending)
Up 6468.74% (64.68x)

Picked up alts at the right time and closed some to reduce risk. Holding SRM and averaging down on ICP.

Alot of luck involved in this account with oversizing

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 52,113.44$
Up 10,665.1% (100.65x)

SRM long paid off big to bring the account into 100x+

Currently underwater on ICP/BTC and averaging down.

Lets see what we get this week.

LFG!

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 55,216.82$
Up 10,943.1% (100.94x)

Currently scuba diving underwater with 2 open longs SRM/ICP.

Averaging down on SRM mostly as I still see another leg up. ICP a different story, ffs

Lets see if we scale out

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 58,432.5$ ( 5k+ Pending profit)
Up 11,586.5% (115.86x)

SRM absolutely came through with scaling in and out.
Got some BTC Exposure and still holding ICP.

LFG!

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 65,220.63$ + Pending profit
Up 11,586.5% (129.44x)

Account going strong.
Took a small hit on BTC but SRM was a hitter and ICP finally turned around

Scooped up some LTC/AGO.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 69,359.94$ +Pending profit
Up 13,772% (137.72x)

Hit 80k+ Account balance and positions looking solid

Added ETH to the mix of running longs

Taking off for the weekend so will come back around weekly close

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 81443.58$
Up 16,188.7% (161.88x)

Hope everyone had a good weekend.

Just getting in and closed off most of my positions to get a fresh take for the week. Account looking good and just holding ICP for now.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 78,273.48$
Up 15,554.7% (15.55x)

What a week been stuck between 70-80k back and forth

Got some allocation into the weekend with SRM being a blessing. Underwater on a few but risk is managed to around -+5% ea.

#Bitcoin

Degen Account Update:

Start Balance: 500$
Current Balance: 92,011.27$
Up 18,302.3% (183.02x)

What a day had the balance at 97k+ and had to capitulate SRM/AVAX to reduce downside risk.

Scuba diving on 3 open positions and will hold out. Removing SRM from watchlist, F

#Bitcoin

Degen Account Update:

Start Balance: 500$
Ending Balance: 105,655.72$
21,031.1% (210.31x)

Thanks for playing.

Have officially capitulated my running positions and ending this challenge. For those that followed I appreciate you.

LFG!

#Bitcoin