It’s time for an earnings update!
Just to confuse you, it’s Day 216, Week 3 and Month 1. Eh? Have I been smoking the wacky baccy? Nope…
The initial investment was 216 days ago. I started following the 1% trader (as mentioned before), then they vanished in September so I continued on my own. I tried some new things, learned some VERY painful lessons (yes, I’ll cover them as we go, so you don’t have to suffer), then got hit by that big dip in October. I took a while to rethink, 1 month (4 weeks) ago. Then I restarted with my new approach, 3 weeks ago (21 days).
Make sense now? Cool. I’ll probably stick with the number of weeks from now on.
Here’s the numbers for today:
Only about half a percent gain in the last week, but it’s important (for me) to remember that all the banked and some of the trading money is in non-USDT crypto, so it varies with the markets.
I’m really pleased with the monthly figures (actually about 3 weeks, since I started this new approach on 12 October):
- Trading profit of 7.10%
- Copy Trading profit of 21.70% (!)
- Banking profit of 0.86%
That’s a total gain of 8.42% in the last “month” – very nice!
From a purely personal point of view, I’m most pleased at not making a single loss in trading. Yes, some of my current positions are down a little bit for the moment, but I haven’t sold anything at a loss since I started. Trust me, that’s quite exceptional for me!!
Oh, and I realised that the equity I was posting was only the trading account, so the new version (a much more boring Excel chart) is the title image. 🙂
What’s Coming
Despite being absolutely frantic to change things (I’m not the most patient person), I’m leaving everything as it is for the next month. I want to have 7-8 weeks of numbers before I start messing with stuff that changes all the time.
This week’s mid-week info post will start looking at the trading side of things – what I’ve done, what I’ve changed, what I’ve learned.
Hope to see you then!
