Week 1 Summary
Week 1 performance update
Object: BTC Perp (5x).
Amplitude of the move in the object: 7.3%
Return: 16.7% (before commission); 16.6% (after commission)
Narrative on the market:
- Monday presented a notably small bar following a volatile Sunday pivot. This was underscored by its proximity to the MATR cloud, a detail confirmed by the market’s microstructure, leading me to anticipate a continuation of Sunday's trend. Consequently, I entered half of my intended position at 69,423, setting an initial stop loss at 71,000, marked by the red dashed line.
- Over the next two days, a series of narrow range bars emerged. In response, I increased my exposure by a quarter of my desired position at 69,519. The third day proved complex; although the price attempted to break out from the micro MATR cloud, it ultimately failed, prompting me to add another quarter to my position at 69,590, thereby fully establishing my stake. At this point, my position represented half of my total cash after leveraging.
- Following four bars within this microstructure, the price reached my target—the next macro MATR level, further confirmed by the micro MATR target—and I closed out my position. Subsequently, the price tested and reached the original macro MATR level. Anticipating resistance, I re-entered a short position. My confidence was bolstered by the micro MATR cloud, suggesting the downtrend might persist, prompting me to increase my exposure.
- Upon reaching the target defined by the microstructure, I closed out the position. Believing the downtrend could continue after a rejection at the microstructure’s lowest level, I committed to a full position in a single move.
