Letters
Highstake Letters
Monthly performance commentary and periodic market notes.
2026 net equity · daily closes · each node is a letter
+34.94% YTD
2026
06
June 2026
Latest
The strategy returned +7.22% net in June despite recording its first material drawdown and nine losing trades across the most volatile market conditions of the year.
+7.22%net
Jun 30 · 4 min
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05
May 2026
The strategy returned +7.15% net in May with zero drawdown as broadening opportunity across 71 symbols produced the highest trade frequency since inception.
+7.15%net
May 31 · 3 min
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04
April 2026
The strategy returned +4.58% net in April as derivatives-driven rally conditions produced elevated activity across perpetual futures markets.
+4.58%net
Apr 30 · 3 min
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03
March 2026
The strategy returned +5.47% net in March with zero drawdown as derivatives markets normalized following the February deleveraging event.
+5.47%net
Mar 31 · 3 min
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02
February 2026
The strategy returned +0.95% net in February with zero drawdown during the worst crypto deleveraging event since FTX.
+0.95%net
Feb 28 · 3 min
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01
January 2026
The strategy returned +5.48% net in January with zero drawdown while Bitcoin declined 22% peak-to-trough.
+5.48%net
Jan 31 · 4 min
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2025
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