Performance Report – June 2020 (YTD +52.3%, Month +3.5%)

That time of the month…..my first formal performance report on the new platform and website.

YTD for 2020 – We are up by 52.3%
For June 2020 – We were up this month by 3.5%

Your individual accounts may see a slightly different performance based on when you started trading on the strategy. My own account performance is slightly different because of the adjustments made to the strategy in March; when we replaced SPXL with TQQQ to represent stocks and added the dynamic stop-loss functionality. Looking back now, that was such a terrific addition to the algorithm; excellent improvements to the performance and something that I could not have possibly done manually.

Here is the performance report:
(click on the pop-out if you want to see it full-screen)

As for next periods allocations; there is the “Sudhir” view and the “Midas” (the algorithmic model) view.

Midas is increasing allocation to “cash” equivalents because it is not sure where the market is going next and wants to protect profit.

I want to increase allocation to gold and bonds and am convinced that the market will crash. But I have been convinced about it for the last few months and have been proven wrong.

This is where I let the model decide and stick to the first rule that I established when I started with Algorithmic Trading. I will trust “Midas” and not interfere manually.

If time permits, we can discuss this further in this Saturday’s webinar. My primary focus in the webinar is still about getting new clients; but if time permits, will also cover the performance report in greater detail.

See the link to attend the webinar here.