This chart shows the backtested results of my screen from 1/1/2000 until 12/31/2018. The red line in the upper panel represents portfolio value after trading expenses. There has been a compound annual growth of about 40% during this time period. The third panel down shows the number of positions held on a weekly basis. The number is capped at 20. The bottom panel shows when I am hedged to protect against market weakness. When leverage is above 1, I am hedged. The great strength of my model is the algorithm I use to pick individual securities. When I have gotten into trouble, it is because I have been wrong on market timing. Therefore, the model chart shown above only hedges during periods of estimated earnings declines. This only adds a couple of points to the annual return but it reduces drawdown from about 55% to 27%.