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#DAY7 : $20 TO $10,000 CHALLENGE!
7 days completed, and my capital has grown from $20 to $47.90!
We are still far from our ultimate goal, but the first week has been promising.
THE DISTANCE TO OUR GOAL IS SHRINKING!
When we started, reaching $10,000 required multiplying our capital 500 times.
Today, that number has dropped to just 208.77 times!
We’ve already reduced the required growth multiple by more than half in just seven days.
OUR GROWTH SPEED
Average daily growth rate is approximately 13.29%.
If we somehow maintain the same compounding pace, we could theoretically reach $10,000 in another 43 days, around December 28.
Of course, maintaining this growth rate is extremely challenging, and future returns will not necessarily match our first week.
I’m also seeing many enthusiastic traders joining our challenge recently. Welcome aboard!
Remember, we started this challenge in a bearish market. Despite difficult conditions, we’ve managed to survive and grow our capital through decent risk management and some well-executed trades.
But let’s not get carried away by our early success.
Our goal is still massive, and getting there requires three things:
• Consistency in execution
• High-quality trade setups
• Continuous improvement in risk management
We don’t need to chase every market move. We need to protect our capital, wait for opportunities, and execute with discipline.
My dear Sats ❤️
Yesterday, I shared 6 trades. 2 trades closed in profit, and the remaining 4 were running in profit now.
But things didn’t go exactly as planned yesterday. Bitcoin suddenly reversed toward $70,000, and all of our short positions moved into losses.
I’m not gonna lie, I was really frustrated with myself at that moment. 😤
I kept asking myself…
Why does the same thing keep happening to me?
Even after spending time analysing the charts, understanding market conditions, and taking trades based on proper setups, why am I still facing these situations?
After thinking about it thoroughly, I realised something important.
Trading isn’t just about making the right prediction. It’s about following the right process.
We need to build our trading plan before entering a position, execute it with discipline, and give the setup enough time to work.
If market behaviour changes and our original idea becomes invalid, we should adjust our plan based on clear signals, not emotions.
But here’s another mistake I noticed in our challenge.
We’re mixing scalping and swing trading!
And guys, these are two completely different strategies.
Scalping requires quick entries, quick exits, and constant attention.
Swing trading requires patience, wider price movements, and the ability to handle temporary corrections.
When we mix both without a clear plan, things become confusing.
Sometimes we’re entering with a scalping mindset but holding positions like swing traders. That’s where our discipline starts breaking down.
I believe it’s better to choose one trading strategy, master it, and follow it consistently.
Profits are important, but learning from our mistakes is equally important.
Tell me in comments — should we focus on scalping or swing trading for the rest of this challenge?
I want to hear your opinions!