More than on month later…
About the portfolio, main highlight is the DD in PRZ. JGC has ben losing, specially the last week, but not even close to PRZ’s DD. RWL, NTI also still down.
On the bright side, LVS/BDR have been doing a lot better.
Performance fees have been taken from the account, lowering the profit even more because some Darwins went donwhill after the fees were paid. Well, at least when the Darwins recover I won’t have to pay more fees.
So, more than 6 months gone. The performance peak has been around 6-7%, the low has been around -1%, and right now the profit is just 1.5%
I am following a buy&Hold strategy, it makes no sense for me to trade Darwins, I think the risk of ruin is quite low in Darwinex, but also the performance is not great so far. On the happy side, I am more and more convinced of how honest the Darwinex team are, and how seriously they take to deliver a revolutionary product…
I have bee learning a lot since I joined Darwinex, and I am starting to use another interesting options for long term investing, that I will use as benchmark.
I will keep my portfolio, at least one year, and after that if nothing catastrophic has happened, will keep the portfolio another year. So 2 years in total. After that, will compare Darwinex with my other investments. I think that will be enough to get an idea of how good is this. Hopefully Darwinex will improve even more in this time.
Besides that, I returned to trade on my Darwin VER. As per the description: “Minimum maintenance swing trading on daily and weekly TF. No news, no noise, small size and big SL/TP. Martingales, grids and any kind of “cleverness” are absolutely forbidden. Two Principles: 1)Be Patient 2) Don’t do stupid shit”
I am very happy because I am following the guidelines, I read the scenario, open the trades, set the SL and TP and the I don’t give a s**t anymore (pardon my language) And it feels great.
It makes no sense for me the forex market/leveraged assets. Too dangerous, too difficult, too easy to lose control. I am turning to traditional assets, only long positions: ETFs when the stocks are trending, Bonds in bear markets. That’s all.
I will keep trading in my £500 forex account, just in case I can setup some simple strategy based on big, trend follower swings. I will consider a success if VER is still alive after 2 more years
See you next month…