Please find attached the net returns for April 2023 for standard risk and higher risk strategies.
April was a pretty boring month for trading. Had 5 weekends so no trading, Easter so a lot of traders taking a break (including myself) and little movements in currencies. Hence returns are down this month as probably had 12 real trading days in total.
The strategies performed as they should with some strategies being very quiet as their conditions for trade were not met. This can be put down to low liquidity in the market.
Uluru strategy returns have been low but we are not concerned by this. All strategies have different conditions that must be met to trade. Markets change so there will be a time when Uluru might turn out to be the dominant strategy. If you try to chase the market – you never catch up – you just need to be ready.
On a positive On a positive Cradle strategy is at the 50 week mark and has achieved a return of 36%. Our aim for returns between 20% to 30% has easily been achieved. However need to look at the average across all the strategies so need to wait and see.
This is why it is important to spread capital across different strategies as each will have their time in the sun.
