We tested hedging the market out. It cost 40 % of the return.
BTC explains only 7–9 % of our equity variance — the book is nearly market-neutral already. Hedging beta with a BTC short cut return from +32 % to +19.5 % and return/drawdown from 2.46 to 1.50. The complex version (rebalancing every coin daily) would burn 61–73 % of capital per year in fees alone.
Question: is a smoother curve worth 40 % of the profit to you?
#copytrading #hyperliquid #tradingjournal
If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD
BTC explains only 7–9 % of our equity variance — the book is nearly market-neutral already. Hedging beta with a BTC short cut return from +32 % to +19.5 % and return/drawdown from 2.46 to 1.50. The complex version (rebalancing every coin daily) would burn 61–73 % of capital per year in fees alone.
Question: is a smoother curve worth 40 % of the profit to you?
#copytrading #hyperliquid #tradingjournal
If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD
