After 32 days of stage 4, I have put aside UMS to make a 1 month DMSI v3.5 experiment. I will open a new journal to document the experience.
After the month done, I'll return to the next UMS 4 months stages cycle. I just wanted to document the end of the first cycle.
Trading activity is dead. The environment is quite different than what it was 1 year ago. January 2021 is the first month where I did finally break through the monthly trading volume of $50K.
If I recall correctly, last February was the month where DOGE did experience a major surge and did make my system profit like a thief.
In contrast this year, I have several days long trading dry spell. At most, I get a small trade per day that generate few cents of profit.
So what is the next step?
I have 2 ideas.
1. Add support to other exchanges
Idk, maybe the current exchange that I used is now sucking with my current trading strategy and could blossom elsewhere... but there is no garanty about the result
2. Implement a strategy enhancement idea that has a market making component in it instead of passively waiting on the side that some profitable trade shows up on the radar...
If this one works, it should work everywhere.
I didn't know which one to tackle first. Last week, out of the blue, An Equinox representative sent me an email to know if I wanted to discuss about some hosting opportunities with them. For those who don't know, Equinox is simply a HUGE multinational data centers operator. They operate multiple data centers everwhere across the world. I told them what I was looking for. If they can propose me some hosting very close to some cypto exchange servers, I would be interested about that.
For one, I know that Gemini is hosted in an Equinox data center. So if they ended up offering me a cool hosting spot, this would have solve my dilemma but they didn't come back to me after my last email...
So I think that if I have no obvious new exchange to target, I will explore fist the current strategy enhancement idea.
Another thing that I did push aside a lot is searching for a buyer for my digital business...
So this is pretty much the state of my trading project... I will continue working it in the next month but I'll probably won't update the journal about new development until I return back to UMS...
After the month done, I'll return to the next UMS 4 months stages cycle. I just wanted to document the end of the first cycle.
Trading activity is dead. The environment is quite different than what it was 1 year ago. January 2021 is the first month where I did finally break through the monthly trading volume of $50K.
If I recall correctly, last February was the month where DOGE did experience a major surge and did make my system profit like a thief.
In contrast this year, I have several days long trading dry spell. At most, I get a small trade per day that generate few cents of profit.
So what is the next step?
I have 2 ideas.
1. Add support to other exchanges
Idk, maybe the current exchange that I used is now sucking with my current trading strategy and could blossom elsewhere... but there is no garanty about the result
2. Implement a strategy enhancement idea that has a market making component in it instead of passively waiting on the side that some profitable trade shows up on the radar...
If this one works, it should work everywhere.
I didn't know which one to tackle first. Last week, out of the blue, An Equinox representative sent me an email to know if I wanted to discuss about some hosting opportunities with them. For those who don't know, Equinox is simply a HUGE multinational data centers operator. They operate multiple data centers everwhere across the world. I told them what I was looking for. If they can propose me some hosting very close to some cypto exchange servers, I would be interested about that.
For one, I know that Gemini is hosted in an Equinox data center. So if they ended up offering me a cool hosting spot, this would have solve my dilemma but they didn't come back to me after my last email...
So I think that if I have no obvious new exchange to target, I will explore fist the current strategy enhancement idea.
Another thing that I did push aside a lot is searching for a buyer for my digital business...
So this is pretty much the state of my trading project... I will continue working it in the next month but I'll probably won't update the journal about new development until I return back to UMS...
