I'm investing in a WallStreetBets sentiment ETF and beating the market lol
Right now I'm up 60% YTD, compared to the SP500's 13%. Can't post links, otherwise would have shared my source code for yall to check out.
Some stats :
- The strategy is backtested only to the beginning of 2020, but I'm working on it. It's got an annualized return of 33% (compared to 16% for the SP500)
- Max drawdown of -8.7% (how fucking cool is that?? WSB has been the perfect hedge for financial markets. they rode COVID like a fucking WAVE)
- Sharpe Ratio: 2.22.
Profit-Loss ratio of 3.48. This is a good number
Avg win of 0.85%
Avg loss of -0.24%. The fact that this number's absolute value is lower than average win is a good thing
Anyways, invested around $60k in January myself, I'm at around $100k rn. Not one of my main investment vehicles, and maybe not the smartest investment, but I make myself feel better by telling myself it's smarter than YOLOing on puts. Honestly, just a dumbass who got lucky but hey - it's been fun