Before we get to January’s numbers, here is a short reminder of the results from December. The full report from December can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for December 2015
Number of trades: 5
Number of losers: 1
Winning percentage: 80%
Net ticks: +24.5 ticks
Reminder: Here are the rules.
1) Totals for the month are based on trades that occurred on trading days in the calendar month.
2) Trades are based on the calls in the Twitter feed exactly as we call them and manage them as well as the Opening Range plays under the basic strategy we teach for those in our course. We do not count everything you could have done from taking our courses and using our tools.
3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 6 ticks on one half and 12 on the second, that’s a 9-tick winner.
4) Pure losers (trades that just stop out) are considered 7 tick losers. We don’t risk more than that in the Twitter calls.
It is important to note that these results do not include the Tradesight Value Area or Institutional Range plays, all of which have been working quite well on their own.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Tick Results for January 2016
Number of trades: 58
Number of losers: 21
Winning percentage: 63.8%
Net ticks: +162 ticks
For 2016, we are now officially including the Opening Range Plays daily in our monthly tracking results, along with our regular sample calls. We had Opening Range plays 22 days in the month, and the net results were positive 17 times, or 77%. The rest of our calls worked great as well. January is always an interesting, but this one in particular got off to a wild start, which is great for trading. At the end of December, the six month daily range average on the ES was 24 points and NQ was 65 points. By the end of January, these had moved to almost 28 and 74. That is a significant change in a 6 month average. Great trading conditions. I expect a solid 2016. The Opening Range results continue to be about on track with most of last year and what we have seen historically.