Trading Systems Performance for November 2022

Below is a performance summary for our fully rules-based trading systems for the month of November 2022. To learn more about these systems and to follow along in real-time with their signals, check out our Trading Systems page.

November markets at a glance

Market November Year to Date
S&P 500 ($SPX) +5.56% -13.17%
10-Year Treasury (IEF) +3.61% -13.91%
60/40 Portfolio (SPY/IEF) +4.78% -13.47%

Trading system performance

System November Year to Date
Trade Risk Index +0.56% -15.20%
Merlin System +0.59% -20.60%
Lamorak System +0.53% -10.26%

See Performance Disclosures: Monthly Performance. Trade Risk uses Interactive Brokers as our primary broker and reporting agent.


Trading system commentary

November was a strong follow-through month for the stock market. The S&P500 gained 5.56% bringing its year-to-date losses to just -13.17%. This is the first time in a while that our Trade Risk Index has trailed the S&P500 in 2022 and while Merlin and Lamorak both gained slightly this month, it was nowhere near the pace of the equity market rally.

Merlin continues to keep very light long exposure in this market environment, as it waits for more clarity and confidence that buyers are stepping in around these levels. Meanwhile, our short-term system is trading more actively trying to lock in small wins and take advantage of local volatility.

It should be a close performance race (our systems versus benchmark) to finish out the year and while we definitely do not optimize our trading systems to outperform the market over short-term time horizons, it’s still a fun competition to keep track of.

If you’re looking for professional evidence-based systems to help you invest in individual stocks and ETFs with a focus on risk management, sign up for a $1 trial today to see if our trading systems are right for you.

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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