How the Educational Portfolio works?
I trade a portfolio of 3 Dual Momentum systems (the blended portfolio). The goal is to beat the S&P 500 in returns and risk. Each system trades concentraded positions using different assets, indicators, timeframes and Dual Momentum rules to achieve uncorrelation. The results are outstanding and the rules are simple (no overfitting). Anual rebalance recommended.
I sometimes include discretional trades using a contrarian approach which can bring edge. Each trade is justified and is optional. It is also optional to trade the System 3: it increases the risk.
S1 – Multistrategy D.M. System – 25% recommended allocation
S2 – Momentum Stocks D.M. System – 50% recommended allocation
S3 – D.M. System can trade Bitcoin – 25% recommended allocation
I also track (I don’t trade it) a Low Risk Portfolio called BTWAP (better than all weather portfolio). Is the best low risk startegy I’ve seen and uses Dual Momentum rules. Anual rebalance recommended.
More info. inside the mentorship -> https://dualmomentumjourney.com/mentorship/
April 2026: the Best Month for My Stock System since 2003
Blended Portfolio: 42,34% YTD. This picture matches exactly my returns.
Fisrt of April 21,17% – End of april 40,88%.
April 2026
S1 – Multistrategy -> 7,43% in USD
S1 – Multistrategy discretional -> 2% in USD
S2 – Momentum Stocks -> 31% in EUR
S3 – Bitcoin -> 7,43% in USD
Low Risk BTWAP -> 1,91% vs 3,23% (all weather) vs 5,19% (AOR – 60/40 portfolio)
Combined Portfolios
Portfolio of 3 systems including S1 discretional +19,18% vs 10,51% SPY
This number is calculated keeping in mind that the system 2 of stocks is weighting more than 50%. I recommend annual rebalance only.
You can trade other configurations with other weights, but this is what I do. All my wealth is invested in the portfolio of 3 systems with ocational discretionary adjustments.
You want prove?
Live Track Record on FundSeeder – Here I show my System 2. The other systems are not shown here.
Full Numbers and Backtest
Portfolio of System 1 and 2. Missing system 3 bitcoin here. I only include this one since 2018.
march discretionary -4.94% (and avoided large DD). april discretionary +2%
Portfolio of Bitcoin (the most approx. returns are the ones of the first P&l)
BTWAP – It outperforms AOR with less risk too.
Access my Portfolios and Weekly Lessons
https://dualmomentumjourney.com/mentorship/
Final comment
This has been the strongest month for equities in a while. The nasdaq has had the strongest since 2002.
Happy with the blended system of 3 portfolios. My system 2 obtained a similar return as the semiconductor index (+31% vs +32%) and that has been the biggest opportunity of 2026so far.
It’s currently +40% YTD with very similar volatility to S&P 500. Excellent job. Designed to outperform strongly over the years while keeping risk in place.
The low risk one was more defensive oriented so it didn’t captured all the upside during this month.