The first week of Month 2 was pretty rough.
BTC suddenly dropped below $100k, taking the rest of the market with it and leaving my trades up in the air. That’s the disadvantage of holding crypto instead of USDT, of course: when the market dips, your equity goes with it (yes, USDT is a crypto but you know what I mean).
The converse is equally annoying: holding USDT when there’s a pump means your equity stays flat instead of pumping!
Anyway, this week’s update:
On the numbers front, I’ve been saved from a drop by the Copy Trading (again), which further encourages me to make changes. I’m resisting, giving it a full month before I mess with things. 🙂
- Trading down 1.97%
- Copy Trading up 13.35%
- Banking down 6.78%
- Overall up by 0.58%
Very annoying that it’s so close to going positive (about $33 short) and just won’t step over the line into the black. Grrr!
One small positive is that GRT pumped like mad on Thursday, so my spot TP sell went at a 6% profit. That was a nice little bonus in an otherwise bland week where nothing much happened other than losing value in everything.
Both of those “down” figures above are because they’re in non-stablecoin cryptos, by the way. They’ll pop back up when the market recovers. There’s an additional lesson in there about positions versus individual trades, but I’ll save that for the mid-week post.
Drop in then to see more about how I’m shuffling steadily towards that £1,000,000 target!
