Finally a correction starts in the market. Mi50 closed at +43.13% absolute vs 47.77% last Friday. Nifty and S&P500 gains for the year to date are 9% and 12.7% respectively. We are comfortable from a relative point of view.
Draw down at end of week was -6.88%, the worst since we started.
The stocks that exited this week and the respective gains/losses are :
The new addition was
The portfolio has 42 stocks and rest of the the funds are in Liquid Bees.
The sector distribution now looks like this:
The win-loss ratio for all trades:
And for the exited trades:
The D day is only 3 days away. Next Friday either we will be all smiles or ready for a deep hibernation.
Have a great weekend.
Very good performance and well done Alok. I know your logic is proprietory but let me tell you I did lot of permutations and combinations ‘may be’ like your model starting 2009 (e.g. Buy a stock goes above 41 week MA AND is down at least 50% from last 4 year high, Buy if stock crosses 1 year high and relative strength of stock vis-a-vis benchmark index is above 41 week MA, Sell if stock falls 30% from 52 week high and so on) but my experience tells me If you are not selecting right SECTOR you may find difficult to generate consistently out-performing returns over different cycles.
My model gives me ranking of possible out-performing sectors over next 1 year and today it tells me PSU Banks to be best performer for next 1 year :-).
Tks Jigs. I always wanted to add a sector based model too. But i have not been able to crack that code. My model will likely gauge relative momentum and hopfully get some stronger momentum stocks from a strong sector group. Tks. Will keep an eye out on PSU Banks.
I notice lot of people do number crunching and data massaging like Nifty return in Nov is X and return from taking support of 200 DMA is Y etc but when it comes to making good amount of real money they fail may be because of non-understanding of sector momentum (my guess). I appreciate you are putting REAL money on your model and doing well so thought I should add 2 cents to add to your returns. Any one coming with original thinking should be appreciated as 90% of gurus talk same thing so they are definitely NOT smart enough to generate out-performance relative to benchmark.
My model suggested chemical in May 2014 and I see that now people realizing its potential. Let us see where PSU Banks go in next 1 year as 25% of my portfolio is in PSU bank.
Wow. Amazing pick on chemicals…do you write on some blog?