Hello, fellow investors and enthusiasts! I'm Reinis Fischer, CEO, and Founder of Terramatris Crypto Hedge Fund. Today, on January 4th, 2024, I extend my warm wishes for a fantastic New Year filled with prosperity and success. Let's dive into the latest happenings at Terramatris.
For those unfamiliar, Terramatris is a private crypto investment hedge fund managed by yours truly, Reinis Fischer. While it's not publicly registered, it is open to potential investors. We operate mainly from Tbilisi, Georgia, but lately, I've been managing things remotely from the beautiful surroundings of North Goa, India.
Our trading strategy remains robust, focusing on selling one-day-to-expiry put options on Bitcoin and Ethereum. Lately, we've shifted our emphasis more towards Bitcoin, reinvesting premiums back into the crypto itself. We're currently eyeing four key coins for potential investment: Bitcoin, Ethereum, Stellar, and the USDC stable coin.
To mitigate risk, we employ a dollar-cost averaging approach, investing consistently in a chosen coin every week. Additionally, we implement risk management strategies, including hedging with futures, rolling forward put options, and using stop losses.
In the volatile world of crypto, risk management is paramount. While there's no such thing as a risk-free trade, we strive to identify high-probability trades and actively manage potential downsides. Our longer-term put options on Ethereum act as a safeguard against sudden market crashes, providing an added layer of protection.
This week, our aim was a minimum of $4 in daily options premium, with all proceeds reinvested into Bitcoin. We also purchased more than 45 days to expiry put options on Ethereum as part of our risk mitigation strategy. Despite a slight setback due to a market correction, we achieved a commendable 5.9% week-over-week growth, reaching an all-time high of $402.50 on January 4th, 2024.
Bitcoin's recent price movements have been intriguing. While it reached $45,000, we remained cautious, anticipating a pullback. Currently, we're closely monitoring support at $40,000; a break below might signal a test of $33,000. At Terramatris, our approach is to maintain market neutrality, prioritizing profit over being right or wrong in our predictions.
For those interested in joining our venture, there are over 120 Terramatris tokens available at $1.08 per coin. You can invest in Terramatris through the Raydium liquidity pool, swapping other tokens for USDC.
Swap USDC for TerraM on Raydium
Exciting news for traders! I've decided to host four trading retreats this year, bringing together enthusiasts of all skill levels. The first retreat is planned for the end of March in Georgia. It's a unique opportunity to engage, learn, and grow together in a beautiful setting.
Planned dates: March 24-31, 2024, Price $1,000. Secure your spot now!
As we conclude this week's update, I'd like to express my gratitude for your continued support. Despite a minor correction, it's been a positive week for Terramatris. Wishing you all a prosperous 2024! Feel free to drop any comments or questions on YouTube, LinkedIn, or my private blog. Until next time, happy investing!