The situation is difficult. The future stays unpredictable. It is not so simple to keep motivation and focus on trading. But we have to move forward. From the next week, I'm going to start posting market reviews for main assets. As before.
As for 1M Trading Challenge, it was suspended. Because of the sanctions and risk to be blocked, I had to move the main part of the capital from top crypto exchanges I used to my hard wallet. The same goes for my trading account I used for the trading challenge. It destroyed all statistics and I broke the principle of transparency by combining all assets.
For me the transparency is the key principle I have to follow in my work. During all these years I have been showing the trading as it is, with all its ups and downs. The trading challenge allowed me to move transparency to the absolutely top. I shared all my steps in the market with the community. I shared all statistics and I was ready to share all my trades from the crypto exchange to confirm everything above. Now, this model is not workable and I have to think about the alternative. So, the 1M Trading Challenge stays suspended. I will update the status as soon as I will be ready to continue it. Sorry if I made you upset.
Also, I use this period to rebalance all my trading and optimise public work. The time showed that diversification is the perfect tool. So, I’m going to focus on several portfolios with different goals and roles.
Testing account I use the part of my capital for a trading account where I’m going to test new trading strategies and different approaches. It is the account for data and sometimes for fun. And I’m going to use this account for testing new trading challenges. Interesting results I will share with you.
Trading Portfolio I’m going to use this account for 1M Trading Challenge as soon as there will be clear where and how I will be able to trade using $10 000 capital. It will be the public portfolio. And there is an idea to replace swing trading into day trading in my trading portfolio. Also I'm going to copy some trades from this portfolio to my private account.
Investment Portfolio About 1 year ago I started to build my investing portfolio. I use the venture investing style in combination with Buy & Hold approach and DCA strategy. There are more than 20 assets in this investment portfolio and the main part of the assets are new startups with huge potential. I invest only in high quality projects which can give x10 - x100 gain in the distance for several bullish cycles. This investing portfolio will be public as swell.
And I’m going to restart my work in the direction of algo trading. It is another way how I want to diversify my capital. I will share interesting stuff about algo trading here.
Stay tuned if you want more details about trading and investing. No War!