Hello everyone! 👋

We've had some tough moments as we wrap up Trade Maven's first year, but the future is bright! 🌟. Let's recap our achievements, check our performance, and look forward to 2024! 🎉🚀

## 2023 recap ⏳

In just a few months, Trade Maven went from an idea in March to an MVP launch in May, followed by a whitepaper release in August, and successfully raised $85,000 by the end of September from 53 contributors! 💰📈

## How did we perform? 👨‍🏫

Our performance wasn't excellent, resulting in an almost $7k loss and two contributors pulling out, which we could have prevented if v2 had launched sooner 😔. Additionally, we missed out on a potential $35k in profits due to the delay in the v2 release 📉

Yet, on a positive note, these setbacks fueled valuable lessons. The $7k loss prompted a [new testing approach](https://hackmd.io/@trademaven/BkTBMs_fT) and the v2 upgrade. These experiences also sparked exploration into potential $35k profits through complementary pairs 💪

Regrettably, our losses are permanent 😔, and we can't turn back the clock on the time that has passed 🕰️. However, we're committed to learning from these experiences and making smarter decisions 🧐📚

We also published the performance report from October 1, 2023, to December 30, 2023 📅. You can access it here: [Performance Overview Report](https://docs.google.com/spreadsheets/d/1pXztSf5BWl2pRKge2QDUVX6xxnrx6XM8QsTxUIPSlIs/edit?usp=sharing) 📊👀

## Understanding the performance report 🕵️‍♂️

At first glance, the [performance report](https://docs.google.com/spreadsheets/d/1pXztSf5BWl2pRKge2QDUVX6xxnrx6XM8QsTxUIPSlIs/edit?usp=sharing) may seem overwhelming, so let's break down the terms to gain a clearer understanding 👀📊

- **Report Timeframe**: Each report covers a specific period defined by the **Start Date** and **End Date**. For example, a report spanning 1/1/2023 to 1/4/2023 encompasses data from January to April 2023 🗓️📄
- **Overview of Assets**: This section details assets (USDT) owned by contributors and managed by Trade Maven, showcasing growth during the specified **Report Timeframe** 📊💰
- **Contributor Portfolio**: Displays the total assets in all contributors' portfolios at the report's start and end 📈💼
- **TM Portfolio**: Reflects the total assets in Trade Maven's portfolio at the report's start and end, funded through service fees and active trading 💼💰
- **Asset Reserves**: Shows the total assets in Trade Maven's reserves at the report's start and end, funded by both contributors and Trade Maven 📈🏦
- **TM Debt**: Represents the total debt accrued by Trade Maven at the report's start and end, arising from operational costs, to be paid from the **TM Portfolio** when due 💼💸
- **Net Assets**: Calculated as (**Contributor Portfolio** + **TM Portfolio** + **Asset Reserves** - **TM Debt**), this figure indicates the total assets controlled by Trade Maven after debt settlement at the report's end 💼💰
- **Performance Summary**: This section shows portfolio and reserves growth during the specified **Report Timeframe** 📊💰
- **Total Portfolio**: Calculated as (**Contributor Portfolio** + **TM Portfolio**), this figure represents the total assets within the trading portfolio at the report's start and end 📈💰
- **Portfolio Profit/Loss**: Calculated as (**Total Portfolio (End)** - **Total Portfolio (Start)**), this figure indicates the profit or loss realized at the report's end 📉📈💰
- **Reserves Profit/Loss**: Computed as (**Asset Reserves (End)** - **Asset Reserves (Start)**), this figure represents the change in asset reserves from the start to the end of the report 📉📈💰
- **Operational Costs**: This section breaks down the operational expenses accrued by Trade Maven from the start to the end of the report 💼💸
- **Contributor Activity**: This section details asset deposits and withdrawals made by contributors and Trade Maven into the portfolio (excluding reserves) from the start to the end of the report 📈🏧

> The **Portfolio Profit/Loss** stands out as the most important metric to analyze within the performance report 🔍💼💰

## Looking forward to 2024 (TM v2.5) 🔮

Earlier, we mentioned Trade Maven 2.0's potential to analyze Ethereum ($ETH) markets without any changes to the algorithm. Now, we're excited to announce it's ready to go live! 🕵️‍♂️🚀

In 2024, anticipate the algorithm to engage in trades for both Bitcoin and Ethereum, all while implementing enhanced risk management strategies 📈💼


## Conclusion 👏

In 2023, we've achieved significant milestones and learned valuable lessons. Although we faced losses that can't be undone, we're committed to making smarter decisions 💪📚. Check out the performance report for the [last quarter of 2023](https://docs.google.com/spreadsheets/d/1pXztSf5BWl2pRKge2QDUVX6xxnrx6XM8QsTxUIPSlIs/edit?usp=sharing) 📊👀

Looking forward to 2024 with Trade Maven 2.5, we're excited to explore opportunities in the Bitcoin and Ethereum markets while prioritizing risk management strategies 🚀🔮

Here's to a promising 2024! 🎉👏

> Originally published: 31/12/2023