Cryptos have been in a strong bull market during the month of October with new all-time highs (versus FIAT currencies) for both Bitcoin and Ethereum. My CTA portfolio gained $216.26 during this period.
Here are the stats for the first eight months of the review:
Acquisition Cost: $1160.14 (Completed on February 11th, 2021)
Starting Bank for Review: $1273.27 (March 1st, 2021)
Minimum Bank: $989.26 (June 22nd, 2021)
Maximum Bank: $2197.55 (May 10th, 2021)
Number of Profitable Months: 5/8
Current Bank: $1663.33 (October 31st, 2021)
Profit/Loss Since March 1st: $390.06
Profit/Loss Since Acquisition: $503.19
Return on Bank since March 1st: 30.6%
Return on Bank since Acquisition: 43.4%
The graph below shows the daily value of the portfolio from March 1st through October 31st, 2021
The values each day are Noon amounts.
During October, there was a further change to the portfolio cash and crypto coins distribution, and a new moonshot coin was purchased.
Moon chips are coins that may rocket upwards in value at some stage (as in going up to the moon).
Currently, the portfolio is 13% cash (held as stable coins) and 87% crypto coins. This cash is available for future utilization depending on the direction of the market. In addition two of the crypto coins are now being staked. There are currently 19 crypto coins in the portfolio including the major two: Bitcoin and Ethereum.
One can of course sell one’s portfolio at any time, but I will be following the official portfolio and playing the market cycle most likely for at least a year.