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6682 to break momentum
6252 to break trend
The comps continue to rise but for now we continue to rise against them.
All measures rising(ish)
This last little run with tight bands then a dip into the black looks like the end of 2019.
We remain in the green zone where SPX spends 65% of its trading time. This zone has a narrow but positively skewed distribution.
Window of weakness ending?
Current Open Equity = 33.6%
Stop Loss Trigger = 30.9%
Current Closed Equity Return = 29.3%
Our open equity outstanding is ~34% since we started in Dec ‘23. We have been able to capture ~30% returns in closed trades, meaning ~4% open equity still belongs to Mr Market. Until we close the trade it doesn’t yet belong to us!
Do I wish it was higher? Of course I do! Equities have had a crazy year in 2025 and I wish I had captured more of it.
I am also super proud that the system in the panic of April allowed us to keep our head and not make any stupid forced mistakes.
Everyday is a school day.
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