BONUS – One Month of Trading

In the process of writing this book, I realized that while I fully believed in the materials I provided, there was a need for something more to instill confidence in you. I pondered various approaches, ultimately concluding that nothing motivates more than the prospect of success.

So, I’ve asked myself, what if I document a month of trading for you?

There will always be people that object to success, and they’ll have their own opinions, like so:

• If I document 20+ trades, I choose the ones I won
• If I document multiple trades of $1,000+, I already made a big amount of money; now, it’s easy
• If I document myself starting out, I’m not a beginner; I already know how to trade
• If I document a client’s progress, I’ve helped them (or chosen the client that made more money from multiple clients)
• If I document myself during the bull market, of course, I’m making money – it...

Preparing the tools

June 7, 2023

Tasks for today:

• Create a Binance account (in my case, I just created a subaccount for this project in my main account; this feature is available for you after your account grows a certain size and you reach the VIP level on the platform)
• Create a 3Commas (3C) account
• Create a TradingView account
• Configure all the accounts
• Link Binance’s API with 3C’s API
• Set up the trading journal
• Allocate $10,000 for the account
• No trading for today

June 8, 2023

Tasks for today:

• Analyze BTC
• Set up a trade on TradingView
• Make a first trade on BTC
• Note it in the journal

Note:

We also provide a PDF file that has color images of the screenshots and diagrams used in this book. You can download it here: https://packt.link/pXrot.

Trading

June 8 – BTC analysis

The following is my monthly analysis of BTC, containing support and resistance (SR) lines, round numbers, the Fibonacci Golden Channel (GC), and the Volume Point of Control (VPOC).

Figure B.1 – BTC analysis on the monthly chart

Here are some notes on the preceding chart:

• I’m not including all possible SR lines but, rather, focusing on the main ones that are identified before and after significant price swings.
• I also focus on the two lines before and after the current price; I don’t need to analyze a price range where BTC will not arrive for the next year.
• I’m not adding all the SR lines possible, only the main ones (found before and after big swings).
• I’m not adding the line on the precise price. I’m just looking for the area where the price will react. And since I’ll be trading on the 4H and lower timeframes, I will adjust the lines when I get...

Final results

The total profit was $202.48 (8.03+59.83+149.62+99.78-34.41+49.32+67.07-4.44-17.40-32.65+ 126.64+49.32-25.99+69.34-6.27-14.25-6.26-12.84-32.76-107.32-62.8-46.16-62.19+30.11-40.84).

The win rate was 38.46% (10 won, 15 lost, and I didn’t catch a trade).

We began with an initial capital of $10,000, and over the course of 21 days of trading, we achieved a 2% increase in our overall capital.

Here are some final notes regarding my month of trading:

• I haven’t used leverage here, and I also didn’t use compounding. I also had only 24 trades, even though I usually have around 67 trades a month. The added trades, the leverage, and the compounding would increase the wins (as well as the risk).
• Regarding the low win rate, it’s worth mentioning that I intentionally opted for riskier trades in this chapter to showcase different perspectives and angles. I believe that taking calculated risks can provide valuable learning experiences, even...