November 2024 Portfolio Review
Mythic Prop Portfolio
Disclaimer: Mythic Market Research, Inc. is a proprietary trading company. Our posts are primarily for educational and entertainment purposes. Please note that our posts do not constitute financial advice.
Hey there!
This quarter has been excellent for the MMR team and our portfolios. Behind the scenes, we have been developing more evergreen content and forward-testing a new swing trading strategy. We proudly announce that this marks our seventh consecutive month of profitable trading. Although Zoo is currently underperforming, it has provided support during some challenging days. On a positive note, Wand has increased by 67% year-to-date, bringing our consolidated year-to-date performance to 36.2%. Our year-to-date Sharpe and Sortino ratios stand at 1.27 and 2.38, respectively, while we maintain a 1% correlation to stock indexes over that time.
Consolidated Portfolio Performance for November: +3.67%
Wand OG Performance for September: +3.83%
Mythic Zoo Performance for September: +3.40%
Consolidated Portfolio Performance Since Inception: +49.89%
Wand OG Portfolio Since Inception: +83.25%
Zoo Portfolio Since Inception: +10.57%
Final Thoughts
Our trading has been exceptional, and we are learning more about generating superior returns daily. Achieving outstanding performance is a journey that requires time. This means we must build a foundation of knowledge and strategies. The process is similar to compounded returns: once you start running your first strategy and begin making some profit, it becomes easier to develop a second strategy. Eventually, you reach a stage where you are building from a position of strength rather than a position of need. Van Tharp laid out “The Five Steps to Consistent Profits” in his book Super Trader:
Work on yourself and personal issues so that they won’t get in the way of your trading.
Develop a business plan as a working document to guide your trading. He notes that this is not a plan to raise money, but, a plan to be a work in progress to guide you throughout your trading career.
Develop several trading strategies that fit your view of the big picture, and understand how each of them will perform in various market types.
Thoroughly understand your objectives and develop a position sizing strategy to meet them.
Monitor yourself constantly and minimize the number of mistakes you make.
A mistake is not following your trading plan/business plan, thus, if you don’t have a plan everything you do is a mistake
Repeating the same mistake is self-sabotage. By monitoring mistakes and continuing to work on yourself, you can minimize their impact. People who do this, tend to produce consistent, above-average profits.
If you are starting your trading journey or want to expand your foundational knowledge, we have written articles under the Foundation Series. You might find the Trading Starter Kit to be very helpful. I recommend you check it out!