Dear investors,
September was a lower month for the AEX, with the index down 0.93%.
RVM Strategy was +0.48%, and RVM Retirement +1.48%.
The RVM systems were therefore better than the index.
RVM RETIREMENT THE STRONGEST
Active short-term options trading was profitable in September, and that is the part of trading at Van Megen Systematic Trading that a manager actually has control over. So we are satisfied with the performance in September.
RVM STRATEGY IN SEPTEMBER
RVM Strategy had no problems in September.
Since the system was launched, we have had 60 profitable months and 8 loss-making months. The system is market neutral and is therefore primarily designed to generate positive returns even in negative trends.
RVM Strategy and the algorithm behind it will therefore always remain the basis of the RVM systems.
RVM RETIREMENT IN SEPTEMBER
RVM Retirement was the strongest of the RVM systems in September thanks to a combination of profitable long-term holdings and profitable short-term positions. It was a smooth month for the system.
OUTLOOK FOR OCTOBER AND BEYOND IN 2024
Our algorithm currently indicates a highly complex situation for our most important market, the Dutch AEX index. We are still assuming higher prices, because we maintain higher price targets for many underlying values, but we have also been able to calculate lower price targets.
We have no idea what the timeline will be for either of the price targets, the higher or the lower. It is impossible to predict. This complicates short-term trading at the moment, so great caution is advised.
As always, we rely on what the algorithm dictates across different timeframes. And we adhere to the trading rules.
SUBSCRIBE TO OUR SYSTEMS; MANY HAVE GONE BEFORE YOU
If you are not yet a follower of RVM Strategy or RVM Retirement, you are welcome!
Most investors who ever decided to follow have never left.
Sincerely,
On behalf of Van Megen Systematic Trading,
Ruud van Megen