June MAM Update

June Return Table

Profit factor 4.18
Monthly return: +18%
Weekly return: +4%

Past results do not guarantee future results.

Drawdown

Keeping true to our mission to stay 100% transparent, we encourage the discussion of our drawdown within our community chat to analyze it with critical and objective eyes. 

We ask ourselves, “Which pairs failed us, and why?”

If we look through the data, we notice that several instruments like Oil, Yen, and New Zealand Dollar were severely affected by the news, which led to additional volatility, thus some drawdowns that were unexpected. 

We pride ourselves on our ability to analyze the market technically; utilizing harmonic patterns, support and resistance zones, and many others. Although, technical analysis has its downfalls which we experienced in the form of a drawdown. 

Luckily, most of the time, price always comes back to technical analysis. As of writing this update, most pairs have already come back to our original analysis.

New Risk Strategy

We have been synthesizing the data in our MAM to investigate and develop new risk management strategies that could potentially limit our exposure to risk. After thoughtful analysis, we decided to set a percentage of risk per pair. The set risk per pair will be divided into 5 trades for entries. The martingale structure will use a lower quantity of lots initially while backloading majority of the allocated risk per pair near the 4th or 5th entry. 

The martingale strategy was still being executed in the previous strategy, however, a finite number of trades and risk per pair was not set. 

We propose that the new strategy will experience smaller losses but prevent us from going into bigger drawdowns. 

Fundamental Analyst

Motivated by recent economic events, we are seeking the additional expertise of a fundamental analyst to cross-analyze potential executions and existing orders with our technical analysis. Fundamentals are a news-based indication that like structure in price can be analyzed to create predictive models that are evidence-based.

Withdrawals

Inspired by several members of the community, we decided to add supplementary information regarding withdrawals for the MAM. 

For an account to adjust to the new balance and risk, we recommend the withdrawal of 10% per month. For bigger withdrawals please get in touch with the team.

Crypto

Based on the agreement within the team and the consensus we achieved with the community on whether we should invest in crypto in our MAM, we decided to start with half of BTC. As of writing, the investment still hasn’t taken place, as we are waiting for a potential retracement.

If you would like to see our trade updates and get an insight into how the MAM is performing in further details, please join our MAM Channel on Telegram where we post all of our trades.

Click here to join

Disclaimer: PlutusX does not provide financial advice and investors are encouraged to consult their personal financial advisors.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance.


To stay up-to-date with our progress, and to send us feedback or suggestions, join our community chat here.

[wd_hustle id=”blog-post” type=”embedded”]