Florian Riediger — TSI Strategie Nasdaq-Werte

The Closelook read

Nearly a decade of momentum trading in Nasdaq small and mid caps — a platform-verified record whose current numbers show exactly what the strategy costs in a chip bear market: a −20% trailing year at 73% volatility.

This record is the honest version of the momentum trade. The long-run average (+23.7% p.a. over almost ten years) and the current drawdown belong to the same strategy — relative-strength systems concentrate exposure in what has been working, which cuts both ways when the regime turns, as it has in tech since June. For our catalogue the volatility figure is the read: 72.8% one-year volatility is a position-sizing fact a reader should see next to the headline return, and on this platform both are verified.