April 2021 Nifty Trading System Monthly Update
8th April completes 4 months of my Nifty Swing Trading system. The 4 months look overall great but the last one and half months have been tough so to speak.
On 24th February, was the date when the system made the last equity curve high. That date it reached a total profit of 94.31 percent. This took approx 2.5 months. And as expected I was too excited for it achieve 100 percent returns in 3 months. But that was not to be and a Drawdown started which is still going on.
As of now the stats of the system stand as below
Not unhappy with the system. Infact the DD figure of 12.89 percent after a equity high of 94 percent is something I am very pleased about. The time factor is a bit depressing yes with nothing to celebrate for last 1.5 months.
Hopefully will be able to come out of Drawdown by the end of the 5th month which will be on 8th May.
The drawdown phase has not been all loses though. There have been some small gains and small profits. Below if the list of all the trades in the drawdown phase. The first one was a bit big because of a huge gap down against me from previous long. The others have been mostly okayish.
Lessons in this phase has mostly been a reminder that the sun does not always keep shining, and protecting capital in bad phases is very important.
Chart Stats till 8th April 20221
The stats as per today are:
Drawdown of 8.7 percent approx
Gain of approx 77 percent in 4 months.
My entire journal can be found here
Next update next month.
Download the DinVyapari App for quick market snapshots: