Day 7: 24/4/2024

I went short on the gal/usdt pair in anticipation of a downward movement. Fingers crossed.

I woke up this morning to see that my stoploss got triggered and I made some loss. The trend is however going downwards after taking me out of the trade. Maybe my stoploss was too tight. Lesson learned.

Loss: 12%

Day 6: 23/4/2024

Been trade watching due to lack of opportunities in the market today.

Went short on the 1inch/usdt pair in expectation of a huge downswing. This trade could take a few days to complete (swing trading eh?)

So, fingers crossed.

Also, the idea of finding the right trades every single day might just be an illusion. Maybe it's not feasible to trade every day since the market condition might not be in alignment with your strategy every day.

I have to stop forcing trades and just trade only on days where I see the right opportunities for my strategy. I guess.

To be honest, I've been caught in the web of revenge trading. Everything I've done in the last few trades have been done with the plan to make up for my losses, which is obviously the wrong mentality to have.

I need to do better.

Day 5: 22/4/2024

Not a pleasant experience so far.

got caught in a range and had to leave the trade overnight with a stop loss. Got stopped out at the wrong price and lost over 30%. I guess the market will do whatever the market wants to do.

Loss: 36%

So, the losses have been discouraging, but I'm really learning a lot and putting them into practice. Hopefully, some of the things I've learned will help me start making profit soon.

For example, I never wanted to use indicators for my trades, but now I'm seeing reason why they could improve my performance and I'm willing to start using a few of them for my trades going forward.

Fingers crossed for today.

Day 4: 21/4/2024

So, I said I wouldn't be trading on Sundays, but I couldn't keep to that. Revenge trading is real guys, I wanted to recoup my losses and decided to trade on my free day. But guess what? I made further losses. Account now down to $26.

Loss: -8%

Today, I learned that your entry is the most important part of your trade. How you begin your trade will most likely determine how you finish. Had to overtrade today inorder to cover for the losses.

It's better to have a no-trade day than to jump into any available trend and make losses. Hopefully, my trade entries will get better with time, as these losses are teaching me a few ways not to make a trade entry.

Day 3: 20/4/2024

Started today at a loss due to another false entry via a range. I was too impatient and eager to trade instead of waiting for the EMA entry signal. Thankfully, I rallied back to a small profit.

Profit: 3.7%

I’ve learned to avoid trading a range. Next time, I’ll use the ADX or EMA indicator to confirm that the market is trending before making an entry. Tough day.

Day 2: 19/4/2024

Started at a loss today due to a false entry, missed the last uptrend of the 1inch/usdt pair and traded the ensuing range instead (a big mistake).

Loss: 18.4%

Day 1: 18/4/2024

I traded the range of the 1inch/usdt pair, mostly the last upswing and then the breakout. I had a 25% profit at one time but decided not to take profit (a big mistake). Thank God my trailing stop wasn’t triggered.

Profit: 11.3%

Someone advised that I withdraw part of my profit weekly instead of monthly, so I will adjust to that.

Trading from Monday to Saturday, then make withdrawal if there's any profit for that week.

Will begin trading tomorrow 18/4/2024

I want to use this thread as a sort of journal to document my crypto trading efforts. Hopefully I can share my gains, losses and lessons for others to learn from.

At the end of each trading day, I will be posting my profit or loss, and maybe document whatever I learned from that trading day.

Capital: $30

Trading Experience: Beginner

Strategy: Trend trading

Platform used: Binance Margin

Risk: Moderate

The Plan
My plan is to compound the gains, that is, rollover whatever profit I make on the $30 and continue trading with it. At every month end, If I make a reasonable profit, I would pay myself some salary

PS: I could potentially end up losing my capital and going to $0 but I'm fine with that because this $30 is considered an investment in my financial trading education.

Cheers.

tilman:
Good day Ladies and Gentlemen.
I need advice on lucrative business i can start with a budget of one million naira.
I was able to raise this money from dispatch riding job and I really dont want to continue due to the risk involved in the job. Please help a brother in making sound decisions.
Dear mods, i will be more appreciative if you can help me move this topic to front page please

Learn crypto trading or partner with me in my domain flipping business. See my proposal here: https://www.nairaland.com/7904789/website-flipping-business-partners-needed

bentenny:

LP knows very well that they need Obi more than he needs them and wont mind dumping the embattled chairman if it comes to saving the party from public scrutiny!
It will be hard to install a mole as Abure replacement when there is an NWC heavily backing Obi and Abure!
My issue is the public perception of Abure's trail of allegations of misappropriation of funds!
If he knows he has nothing to hide,he should temporarily step down so that proper investigation can take place!
Such move will endear the party to the public as accountable and responsible!

If the crooked party members are making more money via selling out to other parties, do you think they would give a fvkc about Obi or the party's chances at the elections? This whole brouhaha is all about filling their stomachs!

Gboom:

She raised an allegation that requires audit and investigation. LP as a party needs proper investigation on the appropriation of the said amount be carried out

She didn't raise any allegation. That's a libel if you dispute a public audit that was already submitted to and accepted by the INEC. She's just raising dust for media frenzy.

bentenny:
One thing I have gathered from this whole crisis involving Julius abure....Most of those who headed LP before the coming of Obi were obviously using the party as a sort of bargain chip for funds from the main parties like apc or pdp during Guber and general elections!

Secondly,there are too many allegations surrounding Julius abure and I think it's best that he temporarily steps down as national chairman to allow the NWC to properly investigate any form of misappropriation from his end!
You cannot be a judge in your own matter!

I also think it's time for LP to embark on a national convention to elect new leaders who can properly pilot the affairs of the party and ensure they are credible and transparent!

Lastly,the eyes of the citizens are on the party and it's conduct to see if they are different or same as the main parties!

Making the party strong not just from the national level but sub-national should start now and it can only happen if the handlers are seen as credible and accountable!

If they remove Abure, who is obviously loyal to Peter Obi, they would install a mole who will revert the party back to its formal state of licking the ass of the other two parties. They know what their plan is and working towards it before 2027.

nairalanda1:


No, LP is having issues with corruption. And the leadership is in denial.

A sane leadership would have called for an independent investigation. But LP is behaving like APC, and PDP when they had the same problem. Deny, deny, deny, and then label all dissenters moles.

Gboom judolisco BluntCrazeMan cpu2006
PortHarcourtcit AsomughaChuks05

Did you read the report about the party following due process by employing an external auditor for its accounts and presenting same to the INEC?

Read the excerpt below:

The party accounts have been properly audited up till June 2023 and have since been submitted and received by INEC. It may surprise you to know that not many political parties have submitted their 2022 audited accounts. The allegation that audited account was doctored is a matter of libel which we have taken note. She will be made to give further clarification as how banks transactions are falsified as auditors only work with evidences of transactions emanating from statements from the banks.

ChiefOloye:
Case of corruption fighting back.
Oga leave who Okpara is fighting for and tell us wetin you take oarty money do.

Did you actually read the report?

Here's an excerpt:

The party accounts have been properly audited up till June 2023 and have since been submitted and received by INEC. It may surprise you to know that not many political parties have submitted their 2022 audited accounts. The allegation that audited account was doctored is a matter of libel which we have taken note. She will be made to give further clarification as how banks transactions are falsified as auditors only work with evidences of transactions emanating from statements from the banks.

christistruth01:
This is Rubbish

Let Reputable External Auditors first Audit the Accounts if nothing is being hidden

Let the Audit findings be made public

You cannot suspend her till the External Auditors Submit their report

Did you actually read the article?

Here's an excerpt:

The party accounts have been properly audited up till June 2023 and have since been submitted and received by INEC. It may surprise you to know that not many political parties have submitted their 2022 audited accounts. The allegation that audited account was doctored is a matter of libel which we have taken note. She will be made to give further clarification as how banks transactions are falsified as auditors only work with evidences of transactions emanating from statements from the banks.

babzo:
Please any ideas on the fastest way to multiple N1 Million. Something short term. Days. Weeks. A month.

As If I have 1 Million right now, what legal business can I do or put money in and get immediate results.

Not medium or long term profit.

If I use your idea and it works for me, I promise to give you a tithe.

If you're in too much hurry, then you can try crypto margin trade with a maximum x3 isolated trading, with that you could double your money in about 3 months with careful trading.

But if you need something more stable, kindly take a look at my proposal here: https://www.nairaland.com/7904789/website-flipping-business-partners-needed

gale2626:
Hello people,
Please I need investment ideas to earn in dollars during this period of naira catastrophe.

Either investment or business model.
Thanks.

Let's do business. Check out my thread here: https://www.nairaland.com/7904789/website-flipping-business-partners-needed

badoh:
Why can't they pass a law for outright termination of any kidnapper arrest without going through any legal means? Why is the govt so soft on bandits and kidnappers? Is it until they kidnap a high profile personality like a governor before the government take drastic actions?

That means someone can falsely accuse you of being a kidnapper and you'll be terminated outrightly without any legal hearing? Law and order is very important. Where there's no law, anything goes.

MatrixReloaded:

Learning there language(french) and relating with locals at least, watch Afcon in January. No fear of arrest and easier route to Europe or even South America. Everywhere is livable and you can emigrate easily. Trust me 10m to Chile will get you to Senegal, Ethiopia, Ivorycoast and build your account in 6 months, get a local resident permit with 50-100$, open a business and have account. Transact with our fellow Nigeria in business for 3-4 months get address where you live. Use 200$ to register a diploma course use that to apply for any euopre like Hungary, Lithuania, Finland, Norway, Austria, Sweden as a tourist. Thus route wey u go begin enjoy your wealth without hassle.

The same South America that you're castigating? Why should one go to Senegal first before moving to South America if they have the means to just go to South America in the first place? Dumb take. You're obviously a troll trying to derail this thread.

Still available. Very affordable.

Still available and affordable!

tbliss22:
Price?

Nigerian account. Very affordable.

Still available at an affordable price