That's just too cool congrats! And all the equities in the long-term portfolio are up as well of course, and bonds actually did well this year too.. Can't wait for that new short-term mean-reversion thing!
The upwards run continues! At pixel time this morning: Code: 2020-01-20 08:25:13.935482 1400.96 0.000000 701234.75 1.440355 That means I'm at a high watermark (the 0.00000), using constant risk I would have made 144% on my capital, and the significant figure is 701234.75, my accumulated £ profits to date - the first time that has had a 7 in front of it. January 2020 is now my most profitable month to date. GAT
... and so yesterday I lose about 3.2%. I used to be really superstitous about posting when I got a HWM, since it seemed to be inevitably that the post would be followed by a steep drawdown. Then I realised this is silly; the market doesn't know I'm posting, it doesn't really know what positions I have on (I don't know what positions I have on without running a report to find out) and it's hardly likely to move against me just to teach me a lesson in the dangers of hubris. GAT
PNL for trend following strategies tends to show mean reversion, but over long time periods (more than a year). On a monthly basis it basically picks up the patterns of the assets it holds, so you'd expect it to trend. Day by day, pretty much random. GAT
I had to really bite my tongue to stop myself from posting 'lets not jinx it' . I guess I am still superstitious (and like mixed metaphors). Is it possible you posted because you knew the market was about to dump (see here) On a more serious note, I lost 1.5% yesterday but I am back at the HWM this morning I assume most of your drawdown yesterday was related to equity market reversals?
I've made a little back this morning as well. Not sure where the losses where - I would have to check - but sounds plausible. GAT