Hello everyone.
The roller coaster ride of month September is finally over and it’s time for a performance review for AIRESCAN. Check out our previous months review for the month of June and July 2022, and August 2022.
As usual we’ll quickly go through a few things you should know about our system.
How does our AI work?
So basically our AI pick stocks daily and our system ensures that profits are taken on the same day. If for whatever reason our picks stays in the market, our system may adjust the TP so that it can exit the next day. Sometimes you may see changes in the EP. As advertised, for subscribers following our stocks, they get updated with real-time changes from our system, depending on the market conditions.
How do we evaluate our AI performance?
Profit or loss – Number of stocks that profited during the market session. Or the number of stocks that hit our stop loss.
Direction – Although we don’t count the stocks towards our monthly performance, we do take note whether the stocks we picked were in the right direction (PNDJ) or the wrong direction (PND), where in both cases the stocks did not enter the market.
Withdrawn stocks – Stocks that were withdrawn by our system due to gap in opening prices were also recorded.
Our picks for this month were as below:
Overall Performance for September 2022
Overall Portfolio Gains since March 2022
Win rate = the percentage of profit over the stocks traded in the particular month
Return = total actual profit gained
Cumulative returns = accumulated profit from March 2022
Against major market indices
S&P Index : -9.3%
NASDAQ : -10.5%
DOW : -8.8%
*Source: https://www.cnbc.com/2022/09/29/stock-futures-are-flat-following-thursdays-broad-sell-off.html
September had been a bumpy ride for all major indices, and we were dragged along for the most part. With the steady rate of rising inflation, the Fed’s aggressive policy in an effort to contain it has resulted in the slowing of the economy as well as investors appetite. Fortunately, we did manage to minimise our losses to about half of the DJIA and more than half of the other two indices. Overall, our AI has displayed a steady performance for September. Stay tuned for our daily stock reviews for October.
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