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How are you doing? Many of my followers are deeply involved in Terra and have fat LUNA stacks, so you’re probably doing great. The rest of you could still be down 30-40% from your portfolio highs…
But how do you know?
Track Your Performance
Whenever you trade, it’s important to regularly track your results against your expectations. Are you performing as you hoped, and how are you performing relative to the market you’re trading within?
I am religious about tracking my overall performance, updating all my accounts in a spreadsheet every week so that I have a clear picture of what is happening in my portfolio.
Looks pretty good, right? This is my portfolio level performance, starting one month before I went full time as a crypto trader and sometimes writer.
Break It Down
But wait… what’s happening here?
The stellar results across the rest of my assets were hiding a critical issue with this trading strategy. I need to evaluate what is happening with this strategy to determine whether it’s a temporary issue (great strategies sometimes perform poorly) or a permanent issue (strategy has no edge). If there is no edge to the strategy, then I need to either find a new strategy for these accounts or reallocate to better strategies.
Now that I know there is a problem, I can take action to improve my results in these accounts. Are you doing the same for your portfolio?
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Savage Corner writers hold crypto assets and actively trade in certain markets.