August 2024 was an important month for the TerraMatris Crypto Hedge Fund. We saw solid progress, with the fund growing to $3,654.37, marking a 4.26% increase from July. While this growth is encouraging, it's slightly short of our $4,000 target for the month—a goal we now aim to achieve in September. But we're still particularly pleased with this modest growth, especially considering that Bitcoin (BTC) lost more than 10% during the same period.
For those interested in becoming part of our journey, it's worth noting that you can invest in TerraMatris through the Raydium Liquidity Pool. By swapping USDC for TerraM, you can join us as we navigate the exciting and ever-changing landscape of crypto trading. Make sure you have a Solana-powered wallet to get started.
Exiting Long-Term Positions
As August drew to a close, we made the tough but necessary decision to close all our long-term positions. We’ve been sensing that a more significant market crash could be on the horizon, and this move was made to protect the fund from any sudden downturns. This caution prompted us to pivot back to our roots with 1-day-to-expiration (1DTE) options trading.
Conservative Trading Strategy
Our current approach is focused on entering 1DTE trades with a Delta under -0.05%, which offers a 95% probability of success. This strategy is all about playing it safe, minimizing risk, and ensuring consistent returns. To further hedge our bets, we’ve also implemented trigger-based short Bitcoin perpetual trades to protect our positions from any unexpected drops.
While we didn’t hit our $4,000 target in August, we’re not deterred. Instead, we’re doubling down on our efforts to reach that milestone in September. The crypto market is unpredictable, but with our strategic shifts and cautious optimism, we’re confident in our path forward.
YTD our fund is up 830% which is just mind blowing.