I've been interested in finance and markets for years. And for as long as I can remember everyone involved in this sector (from podcasters to fund managers) claim that most traders lose money in the market.
And that statement bothered me a bit all these years (even when I worked in investment banks for ~5 years). Because all markets trend higher over time or should I say the denominator, i.e. fiat currency trends lower. So It seems that majority of traders should make at least some nominal (not adjusted for inflation) gains.
So, since I am semi retired now and have plenty of free time I decided to create a fun hobby for myself :) I decided to create a mini fund that somewhat represents my investment/trading strategy and follow it's results closely, analyze it and share publicly, so I would have some self accountability.
My trading activities will be mostly related to Bitcoin and in some cases crypto in general. So I think that Hive blog is a perfect place to share this journey.
One thing I will do different than most is that my unit of account will be Satoshi (or BTC). And my main goal is to increase the amount of sats I have in my fund and not the fiat. But I will keep track of fiat amounts too.
I wanted to start with a round number so I seeded my fund with 5,000,000 sats :)
For fiat calculations for future performance I will use the price of BTC which will be 10 minutes after posting this.
Let's see what this trading stuff is all about :)
