Week 2 Summary
Week 2 performance update
Object: BTC Perp (5x).
Amplitude of the move in the object: 3.1%
Return: 7.8% (before commission); 7.8% (after commission)
Narrative on the market:
- Choppy Week: This week has been quite volatile. While our primary strategy has been to maintain our position, we have made some adjustments in response to market actions.
- Concerns on June 17: The dip observed around 8 AM on June 17th raised concerns about a potential mid-bounce in prices. To mitigate risk and smooth our equity curve, we covered one-third of our position.
- Monday's Spiking Bar: At 12 PM on Monday, a significant spiking bar threatened the prevailing trend. Despite crossing a nearby pivot high, it did not surpass the volatile pivot high from last Friday at 8 AM. Additionally, the spiking bar's close was sharply rejected by the MATR cloud. Recognizing the trend remained intact, we reinstated the previously covered one-third of our position.
- Trend Continuation: As lower lows and lower highs continued to develop, we decided to keep our position unchanged.
- June 20 Rebound: At 4 AM on June 20, a bar breached the lower bound of the MATR cloud and challenged the middle bound. However, the middle bound swiftly rejected this attempt. We increased our exposure by adding another half of our position at $66,000.
- Equity Curve Management: To smooth our equity curve, we closed half of our position at $64,000. If the cloud rejects another attempt next week, we plan to add this position back.
