QUANT SYSTEM TRADE RECOMMENDATION - LONGER TIMEFRAME : 17.01.22
- Capt D. Ganesh Raja
- Jan 18, 2022
- 2 min read
From the desk of Capt.D.Ganesh Raja
Dear Friends,
The entire day went in crunching numbers and looking at various factors to look into the investment horizon. I am not done with it yet and it is a continuous process. Due to paucity of time, I will give the recommendations first and discuss in detail a little later.
My apologies for not being to post the detailed report since I was not felling well due to Covid and we are past midnight. For now, refer to the trade recommendation sheet. Please remember that the recommendations are little longer time in nature and hence use your judgement for entry if you don’t get around the recommended price. For my records I always log the last price. The Covid has been a blessing in disguise because I was supposed to travel to Abu Dhabi for an assignment and there was a drone attack there today and also this has given me an opportunity to do detailed synthesis.
Note3: A separate excel sheet is attached to view the performance of the recommendations, which also reduces the task of individually reporting the performance of each trade recommendation. Viewing the excel sheet “TRADE RECOMMENDATION LOG” will be self-explanatory. Also in this sheet Trade recommendations which are still active are marked.
When signals are triggered mid-week, that is updated in log sheet and covered in the weekend report, due to paucity of time.
NIFTY: Last close – 18255.75. We will wait for further confirmation before trading in Nifty. The short recommendations given on 13.12.21, stop loss was triggered on 04.01.22 at 17805.0 and the short recommendation given on 24.12.21, stop loss was triggered on 03.01.22 at 17387.15. Both recommendations resulted in a loss of 2.39% of the capital, based on asset allocation.
GOLD: Last close – 48119.0. Long recommendation in Gold was given on 22.10.21 at 47797.0 and on 13.12.21 at 48303.0. For now, exit the trade recommended on 13.12.21, with leverage 0.5x and continue to hold the trade recommended on 22.10.21. The strong rally which the filters were indicating did not materialise and it is continuing to consolidate.
EXISTING TRADE RECOMMENDATION OVERVIEW
UPDATED ON 16.01.21
NEW TRADE RECOMMENDATION
REFER TO TRADE RECOMMENDATION SHEET. DETAILED REPORT WILL FOLLOW.
TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.6
COMBINED PROFIT POTENTIAL FOR ABOVE TRADES: NA
TIME WINDOW OF TRADES: 15 DAYS TO 90 DAYS.
TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 1.2X
RETURNS TILL DATE SINCE 04.07.20 : 58.84% (AS OF FRIDAY 14.01.22 CLOSING)
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