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CFD Trading with CMC Markets – Dec 2023
By Side Hustle Rich  •  January 5, 2024
As I shared in my previous trading summary post, I wanted to leverage the Bitcoin ETF hype and focus all my trading energy on RIOT Platforms. So I did. Here are the results: Realised P&L was $7,174.02. After deducting fees and holding costs, net profit was $6,373.19. With the exception of 1 trade on Meta, all other trades were executed on RIOT Platforms. I was doing really well, until the final trading day of 2023. I had debated putting in a trade, wary of sudden volatility. Ultimately, I went in, and all the crypto related stocks on the day tanked. Nevertheless, I’ve decided to hold on the trade, as I believe the Bitcoin ETF will be approved any day now, and once that happens, the price of Bitcoin will jump, and so will the corresponding Bitcoin related equities. Let’s see how this plays out in the next few days. End...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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