November 2025: +2.54%, modest gain, no per-instrument breakdown
Published retrospectively: this report and the others for November 2025 to April 2026 were first published together on 9 and 10 May 2026, after the months they cover.
Live, real-capital, fully systematic. Live track record → · Methodology →
The numbers
| This month | YTD | Since inception | |
|---|---|---|---|
| Return | +2.54% | +2.54% | +2.54% |
| Sharpe (ann.) | +2.23 | +2.23 | +2.23 |
| Max drawdown (in window) | −3.91% | −3.91% | −3.91% |
| Hit rate (daily) | 52.9% | 52.9% | 52.9% |
| Drawdown state at MTD | −0.3% from peak |
What drove it
Per-instrument attribution is not available for November — daily_attribution.total_pnl_pct was empty for every instrument in this window. The headline number above is the sum of strategy-level daily P&L; the per-instrument breakdown that the dashboard normally surfaces did not reconstruct from upstream reports for this period.
At the strategy level: a +2.54% gain with a +2.23 daily Sharpe and a −3.91% max intra-month drawdown. Hit rate of 52.9% is unremarkable for a slow trend system in a moderately active tape. The drawdown was recovered before month end (the system finished −0.3% from peak), so the gain came alongside an intra-month reversal rather than a one-way grind. Without per-instrument decomposition there is no honest way to claim which sleeve carried — that has to wait for the historical attribution backfill to land.
How the rules performed
Rule-family attribution is not yet available for November — daily_attribution.rule_contributions was empty for the days in this window. This section will become quantitative once the persistence pipeline has accumulated a full month of data.
What changed
No methodology or operational changes this month.
Current positioning
- Annualised portfolio risk: —
- Margin usage: —
Looking forward
The system entered December −0.3% from peak — effectively at high-water. Position-level data for end-November was not captured by the persistence layer, so the December opening exposure is not visible in the current snapshot. The November Sharpe (+2.23) is high enough that it should not be treated as the new baseline; it is one month of data and a +2.5% calendar return is consistent with a wide range of underlying signal strengths. The first read on which sleeves carried November will arrive when the historical attribution backfill includes per-instrument P&L for this window.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Returns are calculated from broker-reported account values, so they reflect execution prices and any commissions, fees, financing charges, interest and currency effects included in those values. Cost breakdowns shown separately are estimates. These returns do not deduct advisory fees that would apply to a client account. The account shown is the operator's own (proprietary) capital. Full methodology and disclaimers on the live dashboard.
Plaintape LLC is registered with the CFTC as a Commodity Trading Advisor (NFA ID 0580378) and its NFA membership application is pending. The firm is not yet accepting client accounts. Registration does not imply that the CFTC or NFA has approved or endorsed the firm, its trading program, or the material on this site. Registration-status note added 2026-08-09; it describes the firm's status today, not its status during the period reported above.