SYO is the top darwin at the moment.
Impressive return, robust trackrecord and a reputable professional at the helm .
Very high capacity.
Trades gold and NDX .
More infos at sersansistemas.com
SYO it's the same also, but less exposed as they change strategies sometimes. They will end up to lose control about their Drawdown as well don't worry about that. Check their 5 losing months in a row.
1 or 2 years ago I was using negative quarter as entry rule.
Now I don't have any techical rule to find good entries.
This could be a decent entry but after a -6% DD another -6% can't be excluded.
If you look to "investors" a decent aum entered this DD.
That dive may be preserving to beat some records but it’s also one of his steepest decline regarding time and slope. Must be always alarming. It represents a serial of many consecutive days of losses without a pause
The scary part about a mechanical system that goes out of synch is that it lacks opportunity to reassess an urgency plan to come with something new. They lack flexibility and judgement. Very much a corridor view. It’s always the insecurity that prevails. Alas, we know that "The market can remain irrational longer than you can remain solvent"
For me (and PPP it seems?) it’s important that the investor sets an-anti crash stoploss and distrust the managers by principle.
The speed of the losses is a fact that should be cared (-6% in around 10 working days), independently of the other considerations.
The speed of the occurrences of losses is a setting independent of the percentage loss.
To dissociate both, we have.
I don't say that's bad or good.
Because, in fact, it could be planned in a global trading system...
For example, in our Global Strategy Polyphasic Defense of Capital, the speed is an important part of the Global Strategy. We know we can "accelerate" the speed at the beginning of the month... while the speed is at zero for the most part of the rest of the month. The speed is under our control. It's planned that way.
Is that planned at SYO? I don't think so. They do not master the speed of the events. They undergo the events. That's quite different.
It's not fair to judge a strategy for a bad month. We're talking about 5 years of history, every single year positive and 120% profit. Come on, who can beat that? Ok, 5-6% drawdawn in a month, worst month in history. Is that a red flag? On a young strategy without historical statistical significance managed by an inexpert trader; Maybe, but that's not the case with SYO. If I was a SYO investor I'd just keep calm and hold my investment. This year only it is wining a 25%. Among us, traders, who can say that? I bet very few of us.
The lesson I learn from SYO is that the market can hit us hard, it happens even to the bests so couldn't happen to myself?