Merlin Strategy Performance for September 2020

Below is a performance summary for our Merlin trading strategy for the month of September 2020, net of transaction costs. To learn more about the strategy and to follow along in real-time with its trading signals, please visit the Merlin strategy page.

Merlin performance for September

Strategy September Year to Date
Merlin Margin -1.32% -4.10%
60/40 Benchmark -2.11% +7.92%

See Performance Disclosures: Monthly Performance.


Merlin closed trades in September

Closed Trades Return on Signal R-Multiple
SGEN +21.27% +1.50
INO +14.53% +0.40
KRMD -27.11% -1.00
AGIO -11.28% -1.00
ANTM +3.77% +0.50
SMAR +10.04% +0.50
WORK +1.86% +0.12
CTSO -14.57% -1.00
SVMK +6.32% +0.50
APO -6.78% -1.01
EVBG +11.31% +0.50
SIMO -10.13% -1.00
ZYXI -19.21% -1.00
TBIO -24.51% -1.00
LLNW -18.00% -1.00
IPHI -9.16% -1.01


Performance commentary

September was a tricky month for the stock market given the flare up in volatility interrupting the smooth uncontested uptrend. The Nasdaq suffered a sharp sell off which, even at the time of writing this, still has not recovered back to its all-time highs.

Merlin gave up a little ground, breaking its 5 month winning streak, and falling 1.32%. It outperformed its benchmark on the month, but still trails YTD. Here’s how Merlin was positioned heading into October:

Merlin Strategy Performance - Image of Allocation September 2020

Final thoughts

We finally got some turbulence in the broad averages for the first time in several months, but despite over a dozen exits in September, Merlin replaced a lot of that exposure with new signals and remains heavily invested into October.

If you’re looking for an evidence-based strategy for swing trading individual stocks and ETFs on an end of day closing basis, check out the details behind Merlin here.

Evan Medeiros

Evan is the founder of the Trade Risk. With 25 years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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