Before we get to August’s numbers, here is a short reminder of the results from July. The full report from July can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for July 2014
Number of trades: 24
Number of losers: 8
Winning percentage: 66.7%
Net ticks: +17.5 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 Messenger exactly as we call them and manage them and 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 Messenger calls.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Tick Results for August 2014
Number of trades: 20
Number of losers: 8
Winning percentage: 60%
Net ticks: -9.5 ticks
August is usually slow with summer in full swing, and this one was particularly poor, with market volumes dropping off sharply after the first week and staying in the gutter through the end of the month and Labor Day. It should be pointed out that we were green the first week of the month while there was volume, but then ended up with a small loss for the month once volume dropped off and the markets were just stuck and immobile day after day after day. It got so bad in the last day of the month that we stopped making calls. September is already much-improved, however.