Hello everyone.
October has brought in joy to major indices as most markets around the world rebounded, including AIRESCAN and it’s time to see how our system performed this month. Check out our previous months review for the month of June and July 2022, August 2022 and September 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Withdrawn stocks – Stocks that were withdrawn by our system due to gap in opening prices were also recorded.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 October 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 : 8%
NASDAQ : 3.9%
DOW : 13.95%
*Source: https://www.investors.com/news/dones-jones-best-month-since-1976-october-top-5-dow-performers/
The Dow rallied 13.95% in October for its best month since 1976, while the S&P 500 and Nasdaq Composite gained 8% and 3.9%, respectively. Those monthly gains came as stocks bounced from oversold conditions and as markets speculated on a potential slowdown in Fed tightening, though the period was marred by mixed earnings reports and economic uncertainties.
As you can see, our October data showed that our system picks had improved in terms of numbers as well as profits and stock picks in the right direction. We did better than all three of the major indices with a return that completely reversed our small loss in September, which made our cumulative gains for October (11.67%) comparable to the performance of Dow.
Stay tuned for our daily stock reviews for November.
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