Before we get to July’s numbers, here is a short reminder of the results from June. The full report from June can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for June 2016
Number of trades: 59
Number of losers: 22
Winning percentage: 62.7%
Net ticks: +156.5 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 July 2016
Number of trades: 58
Number of losers: 16
Winning percentage: 72.4%
Net ticks: +222.5 ticks
If you had told me that we were going to top June, which included some big winners around the Brexit vote, and especially that it was going to happen in the summer month of July, I probably would have said that you were off your rocker. And yet, there it is, I believe our single best month of mechanical trades and discretionary trade calls with 222.5 ticks of net gains. The win ratio of 72.4% is one of our best ever as well. I’ll go out on a limb and say that I doubt August will come close, but this is a nice additional to what has already been a great year.