It’s Week 6 of the 100K to $1M Challenge, and here’s the journey so far:
- The first month was red-hot, skyrocketing the starting $100K to an impressive $172.5K.
- The momentum continued into the first few days of Weeks 5-6, as multiple portfolios experienced sharp gains.
However, altcoins cooled off, creating a more challenging environment. Tradeium’s dual-momentum bots, designed to allocate to the top-performing coins, reacted accordingly. As the market turned down, the bots shifted positions into USDT, anticipating further declines.
A Battle of Trends and Momentum
While the bots’ move to USDT was strategically sound, the markets rebounded within days.
This quick reversal—shifting from a downtrend back into an uptrend—is where momentum systems can underperform. It’s an inherent challenge of trend-following strategies:
- Choppy markets hurt short-term performance.
- Trending markets are where these bots thrive.
But this is where automation shines:
- Emotion-free execution removes the temptation to interfere.
- Even in psychologically tough moments, staying the course ensures long-term success.
Performance Recap
Despite the sideways action that followed, the bots delivered a 5.11% return over the past two weeks:
- Bitcoin: +4.98%
- Altcoins: +5.55%
- Tradeium Bots & Trend Tokens: +5.11%
Total Returns (6 Weeks):
- Bitcoin: +44.90%
- Altcoins: +64.08%
- Tradeium Bots (Margin10): +81.34%
The initial $100K has grown to $181.3K.
Portfolio Highlights
- Breakout Portfolios: Stellar performance with ~18% gains.
- Top15 Portfolios: Solid growth around 10%.
- LowVol20 Portfolio: Struggled at -17%, but its volatility aligns with the higher-risk strategy.
Portfolio Details
Looking Ahead
If markets trend higher as expected, these returns could double over the next month or two. However, if we see continued sideways chop and rapid reversals, performance may stall temporarily.
The story is far from over—this challenge is just heating up. Stay tuned as the journey to $1M continues.