This gave me confidence to start.
I have been contemplating to start something or exactly this after having read so many papers and blogs by jegadeesh titman and capitalmind and what not.
I wonder how i missed this or the smallcap (which has gone above 700 now, thats why chose to comment here)
Sir, you are outstanding. And I couldn’t have come across with this thread at any better time.
I am done with my python code too.
Have considered few things- how many up days in last 6 months as percent of total, returns of 1-3-6 months. Should i add 12 months too?, and 20% from the 52W high.
20 stock portfolio. Is the stock above 50 ema (must be right?!)
Universe selected 750 (should i do with 500 only?)
Monthly rebalance on last friday of the month.
Exit criteria- exit if it goes below 25 rank.
Buy if 50 ema is above 200 ema.
Rank all and then see which has piotroski score 4 and above.
Anything you want to add or think I should change?
About me-
Started as investor for first 4-5 years. Then tried trading-swing positional only for 2-3 years. Subscribed to 2 momentum smallcases- paid.
Been reading Jegadeesh and Titman paper for 2-3 years now -first came across in October 2021. First python code created in 2022 May. And never got ahead with it. And now when code is done with above logic came across these two wonderful confidence booster thread.
Thanks a ton bro. Thanks a lot.