Challenge of converting 7 USDT to 100 USDT
1. The Objective:
* Initial capital: 7 USDT.
* Final goal: 100 USDT.
* Time frame: 30 days.
* Desired daily return: 20% (Compound interest).
2. Risk Management (The key to success):
* Take Profit (TP): +20% per day. Once reached, stop trading to protect the profit.
* Stop Loss (SL): -10% per day. If you lose this, log out to avoid emotional burnout of your account.
3. Estimated Progress:
* Day 1: Goal of $1.40 (You close with $8.40).
* Day 8: Goal of $5.00 (You close with approximately $30.00).
* Day 15: Goal achieved! (You reach approximately $100).
* Note: A 30-day period is established to allow for a margin of error for the days you hit the Stop Loss.
4. Golden Rules:
* Discipline: Do not overtrade. The market always gives a rematch tomorrow.
* Patience: At first, the profits seem like little money, but the power lies in consistency.
* Coolness: The Stop Loss is your life insurance; never move it to "give air" to a losing trade.
Let's go all out on those charts!
#reto7a100 #TradingCommunity $BTC $ETH $SOL