@Mudit.Kushalvardhan you are not wrong. Any criteria we introduce like standard deviation or VCP or turnover value or EMA is used to manage entry of stocks in the pf. And that is done to fine tune the performance.
Pf returns are governed by price action only. Anything else we do to fine tune will result in tempering the return while reducing drawdown.
Therefore, the efficacy of any criteria is evaluated by looking at returns and drawdowns.
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