Trading can often feel like a game of chance for the uninitiated, but with the right strategies, it can be an incredibly profitable venture. I recently turned $100 into $10,000 in just three days using a combination of time-tested chart patterns and disciplined trading strategies. Here's how I did it, using six key methods to confirm my trade entries.
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Day 1: Spotting the Trendline Reversal & Break
As soon as I started with my $100, I focused on one of the most reliable patterns: Trendline Reversal & Break. The idea is to identify when the price is reversing from an established trendline or breaking through it, which often signals the start of a new trend. Early on, I noticed a stock breaking above its downward trendline. This break signaled a potential upward trend, and I immediately entered a position.
I followed this by observing a reversal, confirming that my entry was solid. By the end of the day, my $100 had grown to around $1,000.
Day 2: Using Support & Resistance Levels
On the second day, I employed the Support & Resistance method. I was able to identify key levels where the stock had previously found support (a price floor) and resistance (a price ceiling). Once I saw the price bounce off the support level and head toward the resistance level, I jumped into the trade.
By combining this method with tight risk managementâplacing stop losses just below the support lineâI secured profits when the stock hit resistance and pulled back slightly. My portfolio grew from $1,000 to $4,500 by the end of the day.
Day 3: Fibonacci Retracement & Volume Climax
With my capital increasing rapidly, I wanted to refine my entries using Fibonacci Retracement and Volume Climax. As a stock retraced 50% of its previous move, I knew this was a solid buy point according to Fibonacci levels. Simultaneously, I noticed a Volume Climax, where the trade volume surged during a price increase, signaling the end of a bearish trend and the beginning of a bullish one.
I bought in, and within hours the stock surged as expected. Thanks to the power of volume confirmation, the price climbed to new highs. This trade alone took my account from $4,500 to just over $10,000 by the end of the third day.
Mastering Consolidations and Gaps
Along the way, I used Consolidations and Gaps to refine my entries and exits. In periods of consolidation, the stock would trade sideways, forming a triangle pattern before a breakout. By patiently waiting for a breakout, I ensured that I didn't lose money during these low-volatility periods.
Gaps were also a crucial tool in my strategy. Whether it was a Breakaway Gap, signaling the start of a new trend, or an Exhaustion Gap, marking the end of a price movement, I timed my trades around these gap formations. This provided excellent opportunities to enter or exit trades with minimal risk.
Conclusion
The key to my success lay in the disciplined application of these six methods:
1. Trendline Reversal & Break
2. Support & Resistance
3. Fibonacci Retracement
4. Consolidations
5. Gaps
6. Volume Climax & Trend
By using these chart patterns and staying disciplined in my approach, I was able to turn a modest $100 investment into $10,000 in just three days.
