Dear Copy Traders,
Our portfolios may be down, but patience is key. For most of our holdings, we only need prices to recover halfway from their peak. Recoveries often happen quickly and unexpectedly, just like with FTT. Soon, altcoins will rise one by one, like fireworks.
Days like these will impact our daily compound average. However, based on backtesting, I am confident we will achieve over 1% daily compound interest when averaged across the year. The quieter days from last week will be compensated once the market recovers.
Our strategy of consistent daily buying and selling is designed to maintain steady growth and hit our 1% goal. Naturally, there are periods of stagnation like this, about once a month. It is part of the process. Stay calm and trust the strategy. I am confident the market will bounce back.
To minimize moments like these, I have developed and fine-tuned numerous strategies to optimize results. Each challenge provides an opportunity to improve, and I am continually refining our approach. With each dip, our strategy becomes stronger.
Currently, the market is slow because TOTAL3 was recently rejected at resistance. Many investors have shifted to Bitcoin, while liquidations and panic selling from smaller investors have created downward pressure on altcoins. This benefits larger investors aiming to buy at lower prices. However, once TOTAL3 breaks through resistance, it is poised to ignite a significant uptrend for altcoins.
Do not fixate on daily unrealized PNL and how much you are in red, It is irrelevant to our long-term strategy. Instead, focus on what we have earned over time. That is the only metric that matters, and it is one we will continue to grow.
Stay strong and HODL!