A considerable drop in my CTA portfolio of $298.89 during December as Omicron fears spooked the crypto markets.
Here are the essential stats for the first ten 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: 6/10
Current Bank: $1345.1 (December 31st, 2021)
Profit/Loss Since March 1st: $71.83
Profit/Loss Since Acquisition: $184.96
Return on Bank since March 1st: 5.64%
Return on Bank since Acquisition: 15.94%
The graph below shows the daily value of the portfolio from March 1st through December 31st, 2021
The values each day are Noon amounts.
During December, there was a further change to the portfolio cash and crypto coins distribution including the purchase of one new mid-cap coin and the sale of another.
Mid-cap crypto coins are those in the top 10 – 50 or so by market capitalization.
Market capitalization is the number of tokens times the price of a token (token total x price of a token).
Currently, the portfolio is 10.2% cash (held as stable coins) and 89.8% 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 20 crypto coins in the portfolio including the major two: Bitcoin and Ethereum.
Following CTA guidance, During January I will be staking a few more coins in the current portfolio and preparing for potential airdrops (free crypto coins).
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.