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:
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.
