[MichaelRodwell]

I found it quite therapeutic working on my performance tables and numbers from 2020. It felt more zoomed out, which was the whole purpose of trading monthly rotational systems.

After reading Trent’s update, (thanks Trent) I felt less alone, less disappointed and less ashamed (without being dramatic it was an emotion I felt) of my 2020 performance.

Coming into 2021 I have taken a few steps to hopefully smooth things out…

1. Launched a new system (ASX Momentum)
2. Split the capital across several instances of the systems to dilute signal luck
3. Started planning a new system and funds allocation

No one knows what 2021 will bring so I may as well keep #pushingbuttons and make myself available to profit.

[MichaelRodwell]

BTW…

I thought a lot about taking a few knocks over the past couple of years and I think it’s healthy.

Imagine if you had say 5-8 years on the trot smashing it out of the park and then got smashed by a huge drawdown.

IMO it would be a lot tougher losing 35% of $5m than say $500k…

[MichaelRodwell]

Hey Trent,

Looks like we had a somewhat similar year and have taken similar actions!

Good on you!

I share much of what you have written and like you are still here.

Keep it going!

Cheers

Mike

[MichaelRodwell]

I measure monthly – there can be some pretty wild intra-month swings though so I don’t check in too often.

[MichaelRodwell]

Very inspirational Nick. Congrats on the great year and achieving your objective re: the GP.

[MichaelRodwell]

Thanks again Nick!

I’m really positive about the future and the year ahead. One silver lining covid has delivered me is a now non-existent travel schedule for work so I plan on getting far more involved working on new systems

Cheers!

[MichaelRodwell]

Thanks Glen! Best of luck for the year ahead!

[MichaelRodwell]

//// Buy The Bulls Monthly Momentum: +2.03% ////

A bit cooler this month as a few of my winners took a beating.
I pushed the buttons and walked away.

2020 was pretty brutal in terms of returns: -14.32% (current DD too)

Many here and on Fintwit are posting record numbers
but I have accepted my time has not yet arrived.

There are probably many that have blown up and will never return.

2020 gave me the gift of perseverance and persistence. Thanks
Nick – you really got me back on track after the 35% DD sledgehammer
in the face.

The numbers aren’t pretty but the experience and knowledge will be
valuable in the future.

Next week I go-live with my new ASX Momentum System which I have
been patiently accumulating funds to get started with.

#next1000trades
#pushingbuttons

[MichaelRodwell]

Done, and please feel free to confidentially share my contact details with anyone who would like to discuss my personal experience.

Thanks

[MichaelRodwell]

Keep staring at the screen and take each little win along the way. It’s hard but it gest easier and dare I say even a little bit exciting.

[MichaelRodwell]

Geeeezus! What a way to start!

Newbies around here usually crash the markets!

Well done! Hold on for the ride!!!!

[MichaelRodwell]

Oh yes! I like that hashtag…

[MichaelRodwell]

Hey Taranveer,

I trade a monthly rotational system and the Covid sell off at the start of the year was a black swan for me (I suspect others).

I was at ATH’s by a long way and got slammed into a draw-down of about 40%.

There was a little bit of bad luck at play and a little bit of ignorance in the design of my system. I planned for a 20% drawdown and the system tested quite well through 87 and the dot-com crash but the mixture of timing and severity of the selloff caught me out.

Also, my index filter is quite slow to react which has kept the system in some beautiful trends but in the case didn’t signal to go to cash fast enough.

So rather than change anything with the system I now trade 2 instances of it – one on the 15th and one on the 1st of the month. Downside is reduced and upside hardly impacted at all. If I add more capital I may consider 3 tranches.

I hope this is the biggest back swan I have to deal with for a while but who knows…

Psychologically it still bothers me from time to time but the wounds are healing well.

[MichaelRodwell]

Love this Tim! Congrats on the results! Have a great xmas

[MichaelRodwell]

Buy The Bulls Monthly Momentum: +11.74%

Now trading 2 tranches on my NDX system – 1st and 15th of the month. Riding a bit of a wave with

MRNA
QCOM (bought in both tranches)
MU

I just called out to my wife: “up about 12% this month”

Her response: “thats good, keep pushing buttons”

Right now I’m feeling good about my space from the markets and letting the system run, so while the monthly result is good I know it could evaporate in a matter of days.

#next1000trades

[Author]

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