This monthly report is becoming repetitive, and the time is approaching when some difficult decisions must be made. I mentioned this in a comment a few days ago, and I feel the need to reiterate it now. I’ll use the US election as a turning point. I suspect that, barring any major global upheavals, it will provide some indication of the market’s direction in the short to medium term. It will either validate my approach, causing the index to recede to a level where adjusting the grid is less painful, or it will disprove my expectations, confirming that we may need to take a step back to move forward.
On one hand, I encourage all followers and copiers to review the chart on my site, particularly the long-term chart on the history page (https://macchia69.net/history/). The growth up until May was the norm, not the exception, and the recent “fall from grace” over the past few months represents only a small percentage. One could even argue it’s more of a plateau than a fall. Granted, we are discussing realized value, and if I had to sell now, the figures would differ. However, the system remains sound in the long-term view, even if I had to absorb the full loss.
On the other hand, I understand that most copiers didn’t start from day one. Some may have even joined at the peak, making it difficult to accept that things aren’t as bad as they seem when they only see fees going out of their accounts without any profit coming in.
As I said, one way or another, by the end of the calendar year, the engine will restart, and I expect we will return to “business as usual.” However, the most important point I want to emphasize—something I’ve stressed for years—is that “business as usual” for this portfolio involves RISK. This is a LEVERAGED grid-based trading system. The opportunity to make money exists, but so does the possibility of significant losses. In good times, when returns are around 4% per month, it can be tempting to invest a large portion of your cash into the copy, but diversification is essential. Alongside this copy, it’s important to maintain some “steady” assets that, while not likely to tear the barn down, will allow for a peaceful night’s sleep.
For all the flaws of the eToro platform—and social trading in general—there is one key benefit: my money is invested alongside yours. We share the same desire to avoid losses and to grow our investments to achieve our life goals.
Stay safe, both on and off the platform.
Alex
💰 The growth for this month was $ -661.00 (-0.67%)
⏺️ eToro data
– Month Average Risk: 6,
– Month Max Risk: 6,
– Performance 14.95%,
– Copiers number: 496, -50 (-9.15%),
– AUM: $1.290,000 , $ 1,240,000 (+4.1%)
– Portfolio value:
– Realised: $ 97,176
– Unealized: $ 60,354
– Portfolio composition:
– Index: 75.54% ($UK100)
– Share: 3.12% ($SBSW)
– ETF 1.54% ($VNQ)
– Cash: 19.79%
⏺️ My data:
– Realised performance
– Total change: $ -661.00 (-0.67%)
– Weekly breakdown:
– W1 -0.24%,
– W2 -0.07%,
– W3 -0.01%,
– W4 -0.45%
