Elephant Money: Track My Investment June 15 — Strategy Adjustment

Tough times ahead in this market.

Nevertheless, I trudge on with Elephant Money.

Here is the latest update on my investment performance. If you want some explanations on what the heck I am doing with Elephant Money, just check out the first update I posted here.

Below is the overall view of my progress. The initial goal is to hit 0% ROI in TRUNK:

Performance is mostly on track like last week. My realized ROI finally cracked the -60% barrier. I am leaving some money on the table due to compounding once a week or less, but I am OK with that.

I have no doubt that I will reach the 0% ROI goal denominated in TRUNK in September. However, there is a big problem. Due to market conditions and the resulting legacy of the platform exploit in April, I need to also be cognizant of ROI in actual dollars versus TRUNK.

What can be done to increase ROI if you have funds locked in Stampede? The main action you can take is to sell your TRUNK for BUSD. I know this statement is against the ethos of HODL, (3,3), and the developer telling you to “not care about the peg,” but it is time to really care about capital preservation in these market conditions.

TRUNK price dive bombing

Let me explain why selling is currently a good bet on increasing your wealth if you are locked into Stampede. The TRUNK vs. BUSD price action has been down only in the recent weeks. This price action is due to a few factors:

1. TRUNK sells outpacing buys. In this market, who can blame sellers?
2. No positive price action signal from raffles, whale buyers, or arbitragers at this time.

What I am going to do is sell all my staked TRUNK for BUSD, and monitor the TRUNK chart. There is no indication that TRUNK will be anything but “down only” for the foreseeable future. Until there is positive price action, it does not make it sense to hold. TRUNK can keep dive-bombing further.

I am sorry if this statement upsets the community or the developer, but it is what it is. Plus, if this gamble is correct, once TRUNK shows some positive price action, I will be able to re-buy TRUNK and stake it at much lower levels than right now, further increasing my ROI.

Yes, I sincerely hope that the developer is correct with the statements around Bertha and the Elephant Treasury eventually regaining the peg. But for now, it is survival mode.

My Twitter, Youtube, and Telegram links are posted here: https://linktr.ee/dripstrategy

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Thanks and have a nice day!

-DripStrategy