Algotrading deals. ETH short, +2540$

Algotrading deals. ETH short, +2540$

5 July 2024, 17:42
Kristian Kafarov
0
86

Last strong decline in crypto allowed the robot to gain big profit in a short deal (+2540$), thus updating my maximum balance from 9800$ to 10700$ (monitoring):



This movement was a reflection of the rapid rise on the 20th of May occurred after Ethereum ETF approval. And now there's a volatility explosion, just like then, so I'm expecting volatility compression and, accordingly, some drawdown again, but, probably, not as big as then. Will it necessarily happen? No, but the probability is high.


That's why I would advise to withdraw part of your trading deposit (e.g., 50%) so you could use it to enter the strategy again in a drawdown and improve your result.