Cryptos have been in a bearish mood during September and overall my CTA portfolio lost $204.19.
Here are the stats for the first seven 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: 4/7
Current Bank: $1447.07 (September 30th, 2021)
Profit/Loss Since March 1st: $173.80
Profit/Loss Since Acquisition: $286.93
Return on Bank since March 1st: 13.6 %
Return on Bank since Acquisition: 24.7 %
The graph below shows the daily value of the portfolio from March 1st through September 30th, 2021
The values each day are Noon amounts.
During September, there were changes to the portfolio cash and crypto coins distribution: two coins were sold off and three new coins purchased ( a blue chip and two moon chips). Another existing coin is now being staked.
Blue chips are coins with high market capital (from the game of poker — whereby the blue chips have the highest value).
Moon chips are coins that may rocket upwards in value at some stage (as in going up to the moon).
Currently, the portfolio is 21.7 % cash (held as stable coins) and 78.3% 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 18 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.