P123 Verified Coach & Consultant | Founder Quant Solvings | Not financial advice
Madrid
Joined November 2021
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📢Here you have my 2025 personal performance!!
US small cap Equities in base currency EUR (not hedged)
+41.78% YTD
SP500 in EUR: 3.93%
Not bad performance overall
December went like this 📈📉😂
I’m ready for 2026 🚀
Quant Morales retweeted
Same momentum ranking, two ways to trade it.
Swapped weekly: 10.7% a year after slippage, the S&P 500's return.
Held patiently, with exits scaled to each stock's volatility: 15.9% (simulated, since 2004).
It also fell 55% from 2007 to 2009.
quantsolvings.substack.com/p…
Six factors in 2026, drawn day by day beside the year's news.
Value leads at 124.4. Momentum peaked at 141.3 on June 22 and is last at 108.3. The S&P 500 is at 111.2.
Long-only simulations, 1,000 largest US stocks, indexed to 100 on Dec 31, 2025. Not investment advice.
Same momentum ranking, two ways to trade it.
Swapped weekly: 10.7% a year after slippage, the S&P 500's return.
Held patiently, with exits scaled to each stock's volatility: 15.9% (simulated, since 2004).
It also fell 55% from 2007 to 2009.
quantsolvings.substack.com/p…
Quant Morales retweeted
I've been working with Carlos for over two years now — coaching, consulting, and collaborating on hedge fund projects. If you want to learn how to build quantitative systems with @P123Finance and get a great base, Carlos is the man.
maxquantstrike.substack.com/…
Quant Morales retweeted
New Research Ideas! Same value premium, a lot less risk 👇
Sort US value inside each sector instead of across the whole market and volatility falls from 12.2% to 8.7%. The premium stays, 2.9% a year against 2.7%. Part of the risk of plain value is a sector bet.
Banks, energy and utilities almost always look cheap on book-to-market. Tech and healthcare almost never do. So a plain value portfolio is long some sectors and short others, all the time.
I built a standard HML-style value factor with US stocks from 1966 to 2025, once on the whole market and once inside each of the 12 Fama-French sectors.
🔹 Sharpe ratio from 0.22 to 0.33.
🔹 Correlation of 0.91 between the two. Same factor, less noise.
It does not fix the bad decade of value. From 2007 to 2025 the plain version lost 1.7% a year and the sector-neutral one 0.5%. Less damage, but no rescue. Gross returns, before costs.
Noax Research No. 1. Full piece, method and references
noaxcapital.com/research/val…
Join +3000 subscribers --> noaxcapital.com/newsletter
Can you handle a -70% drawdown?
I don't think so (unless you're a crypto trader😂)
(Ft @FilipInvesting )
I used to use Microsoft Whiteboard for my coaching sessions, but now that they've discontinued it...
It seems I couldn't find any free software that had the features I wanted.
So I just built an entire app in about an hour with Claude Code.
No more paying for apps you can develop in 10 minutes!
Now I can use this whiteboard and share the content directly via email. Simple, useful, and free.
Most strategies are built backwards. Maybe yours too.
You chase the backtest until it looks perfect. Then it breaks. It only ever fit the past.
Here's the other way, in 45 seconds.
Free 45-minute intro call: calendar.app.google/AxaCqbBo…
Educational content. Not investment advice.
Update: the nine Quant Solvings factor models are now live on @P123Finance !!
You can find them in Designer Models by searching "Quant Solvings".
Basic tier (standard S&P 500 universe): Momentum, Value, Quality, Sentiment. $25/month.
Enhanced tier (custom universes): Momentum Mid-Large, Value, Quality, Sentiment, plus a Low Vol + Value + Quality combination. $250/month.
Three things to keep in mind before subscribing.
1. The track record is short. Every model went through incubation before going live, so the record is out-of-sample, but it is far too early to draw conclusions. Some models have done better than others so far.
2. These models are built for the long term. Factors go through stretches of underperformance, and short-term volatility is part of the process, especially in a market like the current one. Judge them over years, not weeks.
3. The fees are flat, not a percentage. $300 a year is 1% of a $30,000 allocation and 0.5% of $60,000. The Enhanced tier at $3,000 a year is 0.5% of $600,000. Run that math against your own allocation first. Below a certain size, the fee consumes the edge.
Commercial communication. I designed these models and earn revenue from subscriptions. This is not investment advice or a personalized recommendation. Equity investing carries the risk of capital loss, and no past or simulated result guarantees future performance.
Quant Morales retweeted
Look at the boats, not the wave.
The VIX jumped from 14.8 to 20.0 in one week of October. So I started buying small deep OTM puts.
What they are, why they can multiply in a fast crash and why they lose money on average. My own portfolio, not advice.
quantsolvings.substack.com/p…
Look at the boats, not the wave.
The VIX jumped from 14.8 to 20.0 in one week of October. So I started buying small deep OTM puts.
What they are, why they can multiply in a fast crash and why they lose money on average. My own portfolio, not advice.
quantsolvings.substack.com/p…
Quant Morales retweeted
I am delighted to share that Quant Solvings, founded by @Quant_Morales , whom I regard as one of the best quantitative traders out there, has awarded me a certificate for successfully completing its training program.
But what matters most to me is not the certificate itself. It is what I have learned and, more importantly, how I have been able to put that knowledge into practice. Carlos's training has helped me become a better stock trader, and the improvement in my portfolio's performance speaks for itself.
The real reward is not the certificate, but the results.
I am genuinely grateful to Carlos for sharing his expertise. Highly recommended!
Momentum works, until it doesn’t.
We tested classic momentum against two fixes in our webinar with Portfolio123. Both fixes beat it with less risk.
Key slides below, full deck in the thread.
Simulated results, no trading costs. Not investment advice.
Part 5 of 5: AI Factor features, SPMO and the important information.
Want to build or stress-test a strategy? Free 45-minute call: quantsolvings.com
Hypothetical, simulated results. Educational only.
