Testing Signals; Day 1
Gala loaded, lets see what happens!
Gala loaded, lets see what happens!
Fox Signals woke me up with an early signal for Gala, it was a Long signal, specifying entry at .02285, and 5 profit targets, the top being a 3% target.
This first test, I am doing a spot trade, no futures.
Wading into the water slowly….
I purchased $500 worth of Gala on Pionex, and I have a limit order set for the third target — selling at 2% gain, which will roughly be $8–10 profit.
The profit on this limit order is basically a nothing-burger to an active day trader, but it’s what I am going to do today.
As you can see, this is why I illustrate with my 10k bot method videos, most small scale investments don’t profit enough to keep you excited. When I make this $10 gain, its really testing to gain further confidence in the signals before I actively start trying to create some money with them.
After testing a couple spot trades, I am going to move some funds over to KuCoin or ByBit and begin my adventure with futures and leverage. This should make my profits a little more exciting with smaller initial positions.
I have about $2000 I can test on these signals, and I am going to break it up into $500 chunks when testing this first round, then as I gain more confidence I will split it into $1000 and leverage on that.
My goal will be to use leverage to turn my $2000, into $4000, inside of a couple months, hopefully sooner.
Price has already re-covered for the bot that went into the red a little over a month ago — BTC shot past my entry, so I started a Martingale bot, and it is now active again.
I took $2000 out to run this test with signals, and I have $8000 in my BTC bot.
My ETH is still staked until ETH hits $2990, then I set a market order for a profit, and I start my bot again — OR — if by that time — I am enjoying the results of these signals, I may divert more funds to this signal test
That’s all for today folks.
Disclaimer : This is not financial advice and I am not a financial advisor. This is just what I am doing with my own money. I am NOT an expert. I am some dude on the internet who sees a path sometimes, and takes it.
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Thank you for Reading!
Until next time….
Onward and Upward Everybody!
-Chris
#botlife
This channel provides content about cryptocurrency and cryptocurrency related topics with a focus on providing tutorial…www.youtube.com
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