Cryptos have been in a bullish mood during August and overall my CTA portfolio gained $404.09.
Here are the stats for the first six 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: 4/6
Current Bank: $1651.26 (August 31st, 2021)
Profit/Loss Since March 1st: $377.99
Profit/Loss Since Acquisition: $491.12
Return on Bank since March 1st: 29.7%
Return on Bank since Acquisition: 42.3%
The graph below shows the daily value of the portfolio from March 1st through August 31st, 2021
The values each day are Noon amounts.
During August, there were changes to the portfolio cash and crypto coins distribution, and some cryptos were re-purchased.
Currently, the portfolio is 28 % cash (held as stable coins) and 72% crypto coins. This cash is available for future utilization depending on the direction of the market. In addition one of the crypto coins is now being staked. There are currently 16 crypto coins in the portfolio including the major two: Bitcoin and Ethereum.
It is impossible to predict the future direction of the market, but since the acquisition of the portfolio, the bank is up by almost $500 in half a year with a 42% increase in the starting bank. So with a starting bank of $10000, one’s bank would now be at $14200.
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.