Mi50 -One year report!

So we complete one full year with Mi50! With some apprehension, I had committed considerable capital last year to start this project and keep the results in full public view to test not only the strategy but also my resolve to stay with it. The expectation at the start was to clock 15-20% absolute returns.

Today, I would like to report that FY1617 has been a dream run!

Mi50 has closed the FY1617 with a gain of 54.02%. (This is pre-tax but net of all other expenses).  The benchmark indices Nifty50 and CNX500 closed the year at 18.5% and 23.9% respectively. The out-performance of Mi50 over CNX500 by 126% is indeed very heartening.

image (50)

The max drawdown witnessed during the year was -14.51% after the US election outcome. There were several mild drops of single digit losses. The biggest test of conviction happened  at the lowest point of the year in Nov 2016 where I was able to add even more capital with full confidence. It does seem the best time to add capital to the system is when we are closer to a 15-20% drawdown.

image (49)

The stocks that powered the mi50 performance this year the most were..

BALAMINES 64.48%
KAKATCEM 67.05%
HINDZINC 73.51%
IGL 76.50%
RUSHIL 87.40%
ORIENTPPR 88.81%
JKPAPER 89.00%
DAAWAT 95.28%
ITI 96.41%
STARPAPER 99.56%
JAYBARMARU 114.43%
WSTCSTPAPR 115.85%
ENERGYDEV 128.06%
UPERGANGES 202.25%

while some of the key laggards were..

GOCLCORP -33.22%
BARTRONICS -29.19%
LLOYDELENG -25.10%
PROZONINTU -24.89%
HITECHGEAR -17.87%
CAMLINFINE -16.24%
MANALIPETC -15.63%
TORNTPHARM -15.24%
AMRUTANJAN -12.45%

Like any other system, Mi50 derives its advantage not by trying to get very high percentage of winning trades but by outpacing the losers by a wide margin in each win. The yearly stats on the internals are :

Wins Avg Losses Avg
Invested currently 35 35.28% 10 -3.64%
Exited 43 35.01% 32 -9.91%

The current and exited trade distributions:
image (53)image (52)

The intent of this blog remains to motivate others to learn to keep trading records, agree and commit to a system(s) ( vs changing systems every quarter), discovering yourself and what you may be comfortable with and of-course my selfish motive of putting my track record in public domain.  I wish all of you a Happy Profitable Year 2017-18.

Have a great weekend!

4 thoughts on “Mi50 -One year report!

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