
The trend-following futures market experienced a nearly 8% decline last week, as anticipated by analysts. Despite this setback, the year-to-date (YTD) performance remains impressive, marking the second highest year since 2000. The mean-reversion strategy also saw new equity highs with a YTD return of 40.9%, driven by $SPXL and $TQQQ, and a win rate of 74% over 50 trades. There are currently 12 open positions, 8 long and 4 short. Additionally, a mini portfolio update revealed that after a significant drawdown, reducing options positions resulted in less volatility, with current YTD gains nearing 50%.
The Magnificent 7 has been a winning trade for 2024, relative to $SPY and $QQQ https://t.co/IO3zZg7VsO
Trend-following mean-reversion is in progress. In the last 6 trading days, the drawdown is about 8%. This was expected in many posts here. It's part of the game dynamics. Still, YTD return is significant. 👇 https://t.co/cGPSnrsojS
Mean-reversion update for October 8, 2024. New equity highs. YTD +40.9% with $SPXL and $TQQQ. The win rate is 74%, with 50 trades and a 3.5-day average holding period. More details 🔽https://t.co/rxjQ4F99vP


