Trading Journal

Ep 47: Crypto Fund Posts 1.79% Weekly Return as TerraM Holds at $1.13

On July 11, 2024, the total value of the Terramatris fund reached $2,896.27.

This represented a weekly increase of $51.00, translating to a +1.79% gain week over week.

Approximately $48.44 of the weekly increase was generated through options income, accounting for the majority of total growth. The remaining gain was driven by modest favorable market movement.

After two near-flat weeks, this period showed a return to positive but controlled expansion. At this capital level, sub…

Ep 46: Crypto Fund Rises 0.22% to $2,845.27

On July 4, 2024, the total value of the Terramatris fund reached $2,845.27.

This represented a weekly increase of $6.36, translating to a +0.22% gain week over week.

During the week, approximately $56.66 was generated through options income. However, the net portfolio increase was only $6.36, indicating that market movement and portfolio revaluation offset most of the premium collected.

This marks a second consecutive low-volatility week in percentage terms. While income…

Ep 45: Crypto Fund Edges Up 0.28% to $2,838.91

On June 27, 2024, the total value of the Terramatris fund reached $2,838.91.

This represented a weekly increase of $7.87, translating to a +0.28% gain week over week.

During the week, approximately $63.45 was generated through options income. However, the net portfolio increase was only $7.87, indicating that broader market movement and position adjustments offset the majority of premium gains.

A near-flat week at this capital level reflects consolidation rather than…

Episode 44 / Crypto Fund Rises Sharply to $2,831.04

Good morning, ladies and gentlemen. My name is Reinis Fischer, CEO and founder of Terramatris Crypto Hedge Fund. Today is June 20, 2024, and I’m recording our weekly recap of happenings in Terramatris Crypto Hedge Fund f

Let me give you a brief overview of Terramatris. We are a private crypto investment hedge fund managed by me, Reinis Fischer. Our fund is privately held and not publicly registered, though it is available for investment via the Raydium decentralized liquidity pool. 

Disclaimer: Investments in stocks, funds, bonds, or cryptocurrencies are risky, and you…

Ep 43: Crypto Fund Declines 4.13% to $2,635.77

On June 13, 2024, the total value of the Terramatris fund stood at $2,635.77.

This represented a weekly decrease of $113.45, translating to a -4.13% return week over week.

Despite generating approximately $56.43 in options income, the fund recorded a net decline for the week. This implies that adverse market movement and portfolio exposure outweighed structured premium gains.

At this capital scale, downside weeks reflect mark-to-market volatility rather than structural…

Episode 42 / Crypto Hedge Fund Surges 6.62% in a Week

As of June 6, 2024, the Terramatris crypto hedge fund reached a value of $2,749.22, marking a robust weekly increase of +6.62% or +$170.68 in dollar terms. This performance underscores the fund's resilience amid a dynamic cryptocurrency market landscape.

On this date, the cryptocurrency market exhibited mixed movements:

Several factors influenced the cryptocurrency…

Episode 41 / Crypto Hedge Fund Hits $2,578: Bitcoin, Ethereum, Solana Lead Gains

As of May 30, 2024, the TerraMatris Crypto Hedge Fund's value has risen to $2,578.54, marking a $45.93 increase from the previous week—a 1.81% gain week-over-week.

The crypto market experienced moderate growth during the week, with key assets showing the following performance:

These movements indicate a stable yet positive trend in the market, contributing to the fund's performance.

The recent gains can be attributed to several factors:

Ep 40: Crypto Fund Surges 9.93% to $2,532.61

On May 23, 2024, the total value of the Terramatris fund reached $2,532.61.

This represented a weekly increase of $228.81, translating to a +9.93% gain week over week.

Approximately $82.34 of the weekly increase was attributable to options income. The remaining performance resulted from favorable market movement and portfolio positioning.

A near-10% weekly expansion at this capital level reflects both effective premium capture and constructive market…

Ep 39: Crypto Fund Posts 5.49% Weekly Return as TerraM Rises to $1.13

On May 16, 2024, the total value of the Terramatris fund reached $2,303.80.

This represented a weekly increase of $119.89, translating to a +5.49% gain week over week.

Approximately $61.34 of the weekly increase was generated through options premium income, accounting for roughly half of the total gain. The remainder was driven by favorable market conditions and portfolio positioning.

As the fund continued operating above the $2,000 level, percentage…

Ep 38: Crypto fund Posts 7.63% Weekly Return as TerraM Rises to $1.12

On May 9, 2024, the total value of the Terramatris fund reached $2,183.91.

This represented a weekly increase of $154.73, translating to a +7.63% gain week over week.

Of the total weekly increase, approximately $53.76 was generated through options premium income. The remaining performance was driven by favorable market movement and portfolio positioning.

At this capital level, mid-single-digit weekly percentage growth required meaningful nominal gains.…

Episode 37 / Bitcoin drops under $57,000, acquiring RWA tokens

Good morning, ladies and gentlemen. My name is Reinis Fischer, I'm CEO and founder of Terramatris Crypto Hedge Fund. Today is May 2nd, 2024, and it's time for our weekly wrap-up about happenings in the fund, crypto markets, and life in general. So let's begin.

Before we dive into the details about the interesting happenings in the crypto market, let me give you a brief overview of what Terramatris Crypto Hedge Fund is. 

Terramatris is a private crypto investment hedge fund managed by me, Reinis Fischer. It is privately held and not publicly registered, though it's…

Episode 36 / Portfolio Climbs 9.37% Following Bitcoin Halving

The TerraMatris crypto hedge fund closed the week ending April 25, 2024, on a strong note, posting a portfolio value of $2,050.41. This marks a $175.68 gain or an impressive 9.37% increase compared to the previous week.

This week’s positive performance is a testament to TerraMatris’s strategy of steady, systematic trading—focusing on selling options (puts and covered calls) on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), while reinvesting premiums into spot holdings to compound returns over time.

The broader crypto market was energized by a major…

Episode 35 / Ethereum Drops Below $1,900: Weekly Crypto Fund Down Nearly 10%

As of April 18, 2024, the fund’s value has declined to $1,874.73, marking a -9.87% drop week-over-week, equivalent to a -$205.23 decrease in dollar terms. This marks one of the steepest weekly losses in recent memory and underscores the heightened volatility across the cryptocurrency market.

Ethereum (ETH), which often acts as a bellwether for broader altcoin sentiment, was particularly hard-hit this week. The price tumbled below the critical $1,900 level, landing at approximately $1,875. This represents a dramatic correction and brings ETH back to levels not seen in months.

…

Episode 34 / Fund's Value Reaches $2,079.96 (+4.22% week over week growth)

Ladies and gentlemen, welcome to another weekly review of the happenings at Teramatris Crypto Hedge Fund. I'm Reinis Fischer, the founder and CEO of Teramatris, and today, on April 11, 2024, we're delving into the insights of our portfolio's performance for this week. So, let's dive in!

Teramatris is a private crypto investment hedge fund managed by yours truly, Reinis Fischer. This week operating from the picturesque Kārļa Muiža in Latvia, Teramatris offers investment opportunities through decentralized liquidity pool. Before we proceed, a quick disclaimer: investments in stocks,…

Episode 33 / Crypto Hedge Fund's Value Reaches $1,995.67 (+10.36% week over week growth, amidst Bitcoin pullback)

Welcome back to another weekly update from Teramatris Crypto Hedge Fund! I'm Reinis Fischer, the CEO and founder, coming to you from our base in Capšu Zeme, Latvia. Today, amidst installing hardwood floors, I'm excited to share our latest insights, strategies, and results with you.

Our strategy revolves around one-day expiry put options, occasional call options, and futures trading. We focus on high-probability trades, constantly adjusting and reinvesting premiums into our chosen cryptocurrencies, including Bitcoin, Ethereum, Stellar Lumens, USDC stablecoin, Solana, and Jupiter.

Ep 32: Crypto Fund Reaches $1,808.36 – +4.98% Weekly Growth

On March 28, 2024, the total value of the Terramatris fund reached $1,808.36.

This represented a weekly increase of $85.82, translating to a +4.98% gain week over week.

A significant portion of the weekly increase — approximately $65.43 — was generated through options premium income. This indicates that performance was primarily driven by structured income rather than aggressive directional exposure.

As the fund continued to scale toward the $2,000 level, percentage growth…

Ep 31: Crypto Fund Posts 5.09% Weekly Return as TerraM Holds at $0.82

On March 21, 2024, the total value of the Terramatris fund reached $1,722.54.

This represented a weekly increase of $83.47, translating to a +5.09% gain week over week.

The majority of the weekly increase — approximately $73.47 — was generated through options premium income. This indicates that performance during this period was largely income-driven, with limited reliance on strong directional market moves.

As the fund continued scaling, percentage gains moderated compared…

Ep 30: Crypto Fund Grows +16.50% With $82 in Options Premium

On March 14, 2024, the total value of the Terramatris fund reached $1,639.07.

This represented a weekly increase of $232.12, translating to a +16.50% gain week over week.

The fund continued its strong upward momentum in mid-March. Approximately $82 of the weekly increase came from options premium income, with the remaining gain driven by favorable market movement and portfolio positioning.

At this capital level, generating a 16.5% weekly return required substantial nominal…

Ep 29: Crypto Fund Jumps 15.78% to $1,406.95

On March 7, 2024, the total value of the Terramatris fund reached $1,406.95.

This represented a weekly increase of $191.71, translating to a +15.78% gain week over week.

The fund continued its strong upward trajectory in early March. Of the total weekly gain, approximately $91.80 was generated through options premium income, indicating that nearly half of the increase came from structured income strategies.

The remaining performance was driven by favorable market movement…

Ep 28: Options Strategy and Market Gains Push our Crypto Fund to $1,215

On February 29, 2024, the total value of the Terramatris fund reached $1,215.24.

This represented a weekly increase of $209.69, translating to a +20.85% gain week over week.

The final week of February marked a significant acceleration in performance. While approximately $50.96 was generated through options premium income, the majority of the gain was driven by favorable market movement and portfolio positioning.

A 20%+ weekly expansion at this capital level reflects a high-…

Ep 27: Crypto Fund Crosses $1,005 – +7.07% Weekly Growth

On February 22, 2024, the total value of the Terramatris fund reached $1,005.55.

This represented a weekly increase of $66.40, translating to a +7.07% gain week over week.

The fund crossed the $1,000 milestone during this reporting period. A significant portion of the weekly increase — approximately $56.40 — was attributable to options premium income, indicating that performance was largely driven by structured income generation rather than aggressive directional positioning.

Ep 26: Crypto Fund +19.39% Growth as Fund Nears $1,000

On February 15, 2024, the total value of the Terramatris fund reached $939.15.

This represented a weekly increase of $152.53, translating to a +19.39% gain week over week.

The week marked a substantial acceleration in both absolute and percentage terms. With the fund approaching the $1,000 threshold, nominal gains expanded materially.

Approximately $75 of the increase was attributable to options income. The remaining performance likely resulted from favorable market movement and…

Episode 25 / Crypto Hedge Fund's Value Reaches $786.62 (+10.41% week over week growth)

Hello, fellow crypto enthusiasts! Today, I'm thrilled to share some insights from the heart of Terramatris, the innovative crypto hedge fund I founded. If you're curious about what goes on behind the scenes, you're in for a treat. So, grab your favorite beverage, sit back, and let's dive in.

Greetings, I'm Reinis Fischer, the CEO and founder of Terramatris Crypto Hedge Fund. As I record this video on February 8th, 2024, I find myself surrounded by the captivating ambiance of Axis Tower in Tbilisi, with a beloved dinosaur skeleton gracing the background. Let's embark on a journey to…

Episode 24 / Crypto Hedge Fund reaches $712.42, Jupiter Airdrop

Hello, fellow crypto enthusiasts! I'm thrilled to share some exciting news with you today. As the CEO and founder of Terramatris, a private crypto investment fund, I'm constantly striving to navigate the dynamic world of digital assets. Today, on February 1st, 2024, I'm delighted to provide you with an overview of our recent activities and market analysis. So, let's dive in!

Before we delve into the specifics, let me provide a brief overview of Terramatris. It's a private crypto investment fund managed by yours truly, Reinis Fischer. While the fund is not publicly registered, it…

Ep 23: Crypto Fund Earns $19.14 Options Premium Drives 3.80% Gain

On January 25, 2024, the total value of the Terramatris fund reached $522.25.

This represented a weekly increase of $19.14, translating to a +3.80% gain week over week.

The weekly increase closely matched the options premium generated during the period, indicating that performance was primarily income-driven rather than the result of significant directional market exposure.

As the fund size expanded beyond the $500 threshold, percentage growth naturally…

Episode 22 / Weekly Insights from crypto hedge fund: Portfolio Reaches $503.11

Greetings, fellow enthusiasts! I'm Reinis Fischer, CEO and Founder of Terramatris crypto hedge fund, bringing you our weekly update live from the bustling city of Athens, Greece. Today is January 18, 2024, and I'm excited to share the latest developments with you.

For those new to Terramatris, it's a private crypto investment hedge fund managed by yours truly. While the fund is primarily operated from the beautiful city of Tbilisi, Georgia, I occasionally manage it from various locations during my global travels. Terramatris is not publicly registered, but you can invest in it…

Ep 21: Crypto Fund Nears $500 After 16.67% Weekly Surge

On January 11, 2024, the total value of the Terramatris fund reached $469.59.

This represented a weekly increase of $67.09, translating to a +16.67% gain week over week.

The second week of January marked a strong acceleration in performance compared to the prior report. A gain of over $67 in a single week reflected either favorable directional exposure, elevated volatility capture, or a combination of structured income and market movement.

At this capital level, double-digit weekly expansion remained possible…

Ep 20: Crypto Fund Reaches $402.50 – +5.90% Weekly Growth

On January 4, 2024, the total value of the Terramatris fund reached $402.50.

This represented a weekly increase of $22.41, translating to a +5.90% gain week over week.

The weekly increase closely matched the options premium generated during the period, suggesting that performance was largely driven by premium collection rather than directional exposure.

Compared to prior double-digit weeks, growth continued to moderate. As the capital base expanded, percentage returns began…

Ep 19: Crypto Fund Climbs 12.04% to $380.09

On December 28, 2023, the total value of the Terramatris fund reached $380.09.

This represented a weekly increase of $40.85, translating to a +12.04% gain week over week.

The final week of December showed a re-acceleration in percentage performance compared to the prior report. With the fund still operating on a relatively modest capital base, double-digit weekly gains remained achievable when underlying portfolio positions moved favorably.

The increase in absolute dollar terms was materially larger than the…

Ep 18: Crypto Hedge Fund Grows 7.73% to $339.24

On December 21, 2023, the total value of the Terramatris fund reached $339.24.

This represented a weekly increase of $24.33, translating to a +7.73% gain week over week.

The growth rate continued to moderate compared to the earlier double-digit weekly expansions seen in November. As the capital base expanded, percentage moves began to normalize, even as absolute dollar gains remained meaningful.

A ~7–8% weekly increase at this stage reflects steady portfolio appreciation rather than volatility-driven spikes.…

Ep 17: Crypto Fund Reaches $314.91 – +8.54% Weekly Growth

On December 14, 2023, the total value of the Terramatris fund reached $314.91.

This represented a weekly increase of $24.77, translating to a +8.54% gain week over week.

Compared to prior weeks, the pace of expansion moderated, though performance remained firmly positive. As the capital base continued to grow, percentage gains began to normalize relative to earlier double-digit surges.

An 8.5% weekly return at this stage still reflects solid short-term portfolio performance, but with reduced amplification…

Ep 16: Crypto Fund Climbs 16.17% to $290.14

On December 7, 2023, the total value of the Terramatris fund reached $290.14.

This represented a weekly increase of $40.39, translating to a +16.17% gain week over week.

A 16% weekly advance continued the upward trajectory observed throughout the prior reporting periods. At this stage of capital development, portfolio volatility and position sizing still had a magnified effect on percentage returns.

As the capital base expanded, absolute dollar gains increased meaningfully. However, percentage performance…

Episode 15 / Crypto Hedge Fund Hits $249.75 All-Time High

On November 30, 2023, the Terramatris crypto fund reached a total value of $249.75, marking a weekly increase of $25.31—a gain of 11.28% for the week.

In plain terms: this was another strong compounding week, pushing the fund deeper into the mid-$200 range while keeping returns firmly in double digits.

Late 2023 market commentary frequently pointed to spot Bitcoin ETF optimism as a key driver of sentiment, alongside a broader easing of “tail risk” in crypto markets. Grayscale’s November 2023 market note specifically highlights ETF optimism as a major narrative and discusses a…

Ep 14: Crypto Fund Surges 19.49% to $224.44

On November 23, 2023, the total value of the Terramatris fund reached $224.44.

This marked a weekly increase of $36.61, representing a +19.49% gain week over week.

A near-20% weekly expansion reflects continued momentum during the fund’s early growth phase. At this capital level, percentage returns remained highly sensitive to portfolio positioning and market volatility. Even moderate underlying asset movements translated into outsized percentage changes.

At the time:

Episode 13 / ETH & BTC Options Strategy: Fund Hits $187.8 (+15.08%)

On November 16, 2023, the Terramatris crypto fund reached a total value of $187.83, marking a weekly increase of $24.61—a gain of 15.08%.

In early November 2023, Bitcoin’s move above $37,000 was widely framed as being driven by spot Bitcoin ETF optimism. 
By Nov 16, however, the CoinMarketCap snapshot shows BTC slightly down on a 7-day basis and ETH down more sharply—i.e., the market was no longer in a straight-line rally across majors.

Against that backdrop, the fund’s +15.08% stands out as performance that wasn’t simply “the market went up."

Ep 12: Crypto Hedge Fund Rises 16.06% to $163.22

On November 9, 2023, the total value of the Terramatris crypto hedge fund reached $163.22.

This represented a weekly increase of $22.58, translating to a +16.06% gain week over week.

A 16% weekly increase indicates continued expansion during this early capital phase. With a relatively small asset base, percentage performance remained highly responsive to underlying price movements and position exposure.

At the time:

Episode 11 / Fund Climbs to $140.64

On November 2, 2023, the Terramatris crypto fund reached a total value of $140.64, posting a weekly increase of $16.62—a gain of 13.40%.

Late October 2023’s rally was widely tied to spot Bitcoin ETF optimism, with reporting noting Bitcoin’s surge to around $35,000 as markets priced in a higher likelihood of ETF approval.

Week 11 is a clean “compounding” week: Terramatris rose to $140.64 (+13.40%) while BTC moved modestly higher and ETH was essentially flat on the 7-day measure—meaning the fund’s gain likely came from portfolio specifics rather than a simple BTC/ETH beta lift.…

Ep 10: Crypto Fund Value Reaches $124.02

On October 26, 2023, the total value of the Terramatris fund stood at $124.02.

This represented a weekly increase of $21.34, translating to a +20.78% gain week over week.

A 20%+ weekly move at this stage reflected the high sensitivity of a small capital base to position sizing and market volatility. With relatively low nominal capital, even moderate percentage shifts in underlying holdings materially affected reported performance.

At the time:

Episode 9 / TerraM Multi Asset Fund Cracks $100 for the First Time

On October 19, 2023, the Terramatris crypto fund reached a total value of $102.68, posting a weekly increase of $9.82—a gain of 10.58% for the week.

A major theme in mid-October 2023 was spot Bitcoin ETF speculation, including a widely reported episode where Bitcoin spiked toward $30,000 on a false claim of ETF approval and then pulled back after it was denied/retracted.

Terramatris delivered a clean +10.58% weekly gain while the broader market was positive—especially BTC. With BTC up ~7.34% and ETH up ~1.81%, Terramatris’ move to $102.68 represents continued compounding and…

Episode 8 / TerraM Multi-Asset Fund rises to $92.86

On October 12, 2023, the TerraM Multi-Asset Fund reached $92.86, delivering a +15.45% increase compared to the previous week. .

This weekly jump is notable because it reflects performance across a diversified basket rather than a single high-beta bet. Weeks like this are useful “marker dates” in a fund’s history: they help separate sustainable process-driven performance from noise, and they provide clean reference points for later attribution (what contributed vs. what simply moved with the market).

In the broader crypto market, Bitcoin closed around $43,764.90 on October 10,…

Episode 7: Fund Jumps to $80.43 on Oct 5, 2023

On October 5, 2023, the Terramatris crypto fund reached a total value of $80.43, extending the previous week’s momentum with a gain of roughly 25.3% week-over-week

Around Oct 5, market commentary focused on Bitcoin’s failed push through the $28,000 area, with reports describing BTC being rejected near $28K after the U.S. session open and then pulling back. 

Episode 6 / Early Growth: Terramatris Fund Jumps $11.72 in a Week

On September 28, 2023, the Terramatris crypto fund reached a total value of $64.21, marking a weekly increase of $11.72—an impressive rise of approximately 22.35%.

On the same day, Bitcoin (BTC) closed at $27,046.93, representing a 2.6% gain from the previous day 

Terramatris’s remarkable weekly gain well outpaced Bitcoin’s daily gains and suggests the fund benefited from strong momentum among altcoins or other smaller-cap holdings.

This level of performance may indicate that the fund’s diversified crypto strategy paid off during that week, potentially capturing…

Episode 5 / TerraMatris Crypto Fund Surges 30% to $52.49

As of September 21, 2023, the TerraMatris Crypto Hedge Fund posted a significant weekly gain, closing at $52.49. This marks an increase of $12.12 from the previous week's valuation—representing a robust +30.02% week-over-week growth.

The cryptocurrency market experienced notable upward momentum during this period, driven by a mix of macroeconomic factors and token-specific developments. Key asset prices as of September 21, 2023, included:

Episode 4: Crypto Fund Climbs 12.48% in a Bullish Week

As of September 14, 2023, the fund’s value has increased to $40.37, marking a +12.48% gain week-over-week, equivalent to a +$4.48 rise in dollar terms. T

Ethereum (ETH) played a key role in boosting market confidence during this week. Prices rose steadily as ETH reclaimed territory above the $1,600 mark, driven by both technical momentum and favorable sentiment. The asset appeared to be forming a solid base after a choppy late-summer period, suggesting that a more stable accumulation phase was underway.

Developers also continued to roll out improvements tied to Ethereum's post-…

Can 1DTE Cash-Secured Puts Generate Consistent Income?

In September 2023, Terramatris experimented with selling very short-dated cash-secured put options on Ethereum. While the portfolio gained 6.63% during the week, the more important takeaway was not the return itself but what the strategy revealed about short-duration options selling.

At the time, the fund was still in its early stages, and position sizes were small. This allowed us to test different approaches to premium collection while maintaining a strong focus on capital preservation and risk management.

If you are new to put selling, start with our guide: How to Generate…

Small Portfolio, Big Percentage Gains: Lessons From an Early Crypto Options Account

On August 31, 2023, the Terramatris portfolio increased from just over $5 to $33.66 in one week.

On paper, that represented a gain of approximately 525.65%.

At first glance, that number looks extraordinary. In reality, the lesson was more nuanced. The gain was large in percentage terms because the starting portfolio value was extremely small. A relatively modest dollar increase can create an enormous percentage return when the base amount is tiny.

This early portfolio update remains useful because it highlights an important concept for new crypto and options traders:…

Ethereum Credit Spread Example: Our First Profitable Options Trade

On August 24, 2023, just two days after launching Terramatris, we closed our first profitable Ethereum options trade.

The trade generated only $5.38 in premium income, but the dollar amount was never the important part. What mattered was validating the process: identifying an opportunity, managing risk, collecting premium, and closing the trade successfully.

If you are unfamiliar with credit spreads, start with our guide: How to Generate Income With Ethereum Credit Spreads.

At the time, our objective was not to make a large directional bet on…