Tradesight Recap Report for 12/23/21
Overview
The markets gapped up a little, pushed for about ten minutes, and then went flat and closed there on 3.9 billion NASDAQ shares.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered long at A and worked if you took it with an extra half tick of risk. Under the rules precisely, we won't take it:
NQ Opening Range Play:
Results: +0 ticks
Forex:
We came into the session long the second half of the prior day's trade, and we had a new winner.
GBPUSD triggered long at A, hit first target at B, closed the second half of this and the prior day's trade near the end of the chart ahead of the Holiday:
Results: +105 pips
Stocks:
A dead day on light volume as expected.
From the Tradesight Plus Report, no calls.
From the Tradesight Plus Twitter feed, no calls.
That’s 0 triggers with market support.
Tradesight Recap Report for 12/22/21
Overview
The markets opened flat, drifted higher early, and then went dead flat the rest of the day on just 3.8 billion NASDAQ shares as everyone left for the long weekend.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered long at A and worked enough for a partial:
NQ Opening Range Play:
Results: +4 ticks
Forex:
GBPUSD triggered long at A, hit first target at B, still holding second half with a stop under R3:
Results: trade still going
Stocks:
A little action on a fairly light day.
From the Tradesight Plus Report, no calls.
From the Tradesight Plus Twitter feed, Rich's RIVN triggered long (with market support) and didn't work:
His V triggered long (with market support) and worked:
His DIS triggered long (with market support) and didn't go enough either way to count:
That’s 2 triggers with market support, both of them worked.
Tradesight Recap Report for 12/21/21
Overview
The markets gapped up, came back to mostly fill, and then turned and rallied back into last Friday's range on a weak 4.1 billion NASDAQ shares.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered long at A and stopped under the midpoint, triggered short at B and worked:
NQ Opening Range Play:
Results: +1.5 ticks
Forex:
GBPUSD triggered long at A and eventually closed it out after this chart was taken for a small gain:
Results: +15 pips
Stocks:
Not a very interesting day in the markets.
From the Tradesight Plus Report, no calls.
From the Tradesight Plus Twitter feed, Rich's ADBE triggered short (with market support) and worked enough for a partial:
His CRM triggered short (with market support) and didn't work:
That’s 2 triggers with market support, 1 of them worked and 1 didn’t.
Tradesight Recap Report for 12/20/21
Overview
The markets gapped down and held pretty much flat all day on 4.4 billion NASDAQ shares, which was light.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered long at A and stopped under the midpoint, triggered short at B but too far out of range to take:
NQ Opening Range Play triggered long at A but too far out of range to take:
Results: -18 ticks
Forex:
GBPUSD triggered short at A, hit first target at B, stopped second half over the entry:
Results: +10 pips
Stocks:
A couple of winners for the session.
From the Tradesight Plus Report, no calls.
From the Tradesight Plus Twitter feed, Rich's NFLX triggered long (with market support) and worked:
His RIVN triggered short (with market support) and worked:
That’s 2 triggers with market support, both of them worked.
Tradesight Recap Report for 12/17/21
Overview
The markets gapped down, went lower, came back to almost fill the gap (NASDAQ did) and then drifted into the middle of the range on 7.6 billion NASDAQ shares which was options expiration related.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered long at A and short at B, both too far out of range to take:
NQ Opening Range Play:
Results: +0 ticks
Forex:
GBPUSD, nothing triggered in time:
Results: +0 pips
Stocks:
A couple of winners for triple expiration.
From the Tradesight Plus Report, no calls.
From the Tradesight Plus Twitter feed, Rich's ATVI triggered long (with market support) and worked enough for a partial:
His REGN triggered short (with market support) and worked:
That’s 2 triggers with market support, 2 of them worked.
Tradesight Recap Report for 12/16/21
Overview
The markets gapped up a little after showing a bigger gain overnight that faded, then sold off a bit all day on 4.8 billion NASDAQ shares, which is weak.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered short at A but too far out of range to take:
NQ Opening Range Play triggered short at A but too far out of range to take:
Results: +0 ticks
Forex:
GBPUSD triggered long at A, hit first target on the way to B, stopped second half under R2 at C:
Results: +50 pips
Stocks:
Not the most exciting session.
From the Tradesight Plus Report, no triggers.
From the Tradesight Plus Twitter feed, TSLA triggered short (with market support) and didn't work:
That’s 1 trigger with market support, and it didn't work.
Tradesight Recap Report for 12/15/21
Overview
The markets opened flat, headed lower, sat flat until the Fed announcement, and then rallied on 5.3 billion NASDAQ shares.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered short at A and worked enough for a partial:
NQ Opening Range Play:
Results: +4 ticks
Forex:
GBPUSD triggered long at A, hit first target at B, and the second trigger went on the Fed announcement, which we don't trade:
Results: +10 pips
Stocks:
A mixed day of results.
From the Tradesight Plus Report, no triggers.
From the Tradesight Plus Twitter feed, Rich's DASH triggered short (with market support) and didn't work:
His FSLR triggered short (with market support) and worked enough for a partial:
PTON triggered short (with market support) and worked enough for a partial:
Rich's PG triggered long (with market support) and didn't work:
That’s 4 triggers with market support, 2 of them worked and 2 didn’t.
Tradesight November 2021 Stock Results
Tradesight has been providing stock calls daily since 2002. We post the results of our of our trades, winners and losers, in our reports and Market Blog every day. Some people might find it surprising to learn that while we track our Futures and Forex formal trade call results monthly, we don’t post anything beyond the trade reviews on our Stocks calls.
There is actually a very specific reason for this. I’ve never been a fan of trying to “hype” or “promote” something. Being profitable in trading is about learning what to do and getting yourself to make the right decisions. In Futures as well as in Forex, if we publish a call in advance, just about everyone should get the same fills and be able to get in and out at almost the same numbers. That isn’t always the case in stocks. It depends on how many shares you are trading and what the liquidity in the market for that stock is at the time. For that reason, I have already been hesitant to say “These are the exact results.” I would never want to try to suggest that someone would make a certain amount of dollars trading a certain number of shares or make a certain percentage. If I take a trade and sell it for a $0.30 gain, it makes a big statistical difference if someone else had to pay $0.05 more to get in and maybe got out for $0.02 less. That’s $0.23 instead of $0.30 even though the concept of the trade was fine.
However, after many requests, in October 2015, we started posting our results. You can see these monthly here.
In our system, you can basically break trades down into four categories: Big losers, small losers, small winners, and big winners.
In order to have any chance of succeeding in the markets, you have to have a system. There is no other way around it. I’ve been trading for 20 years now, and I’ve trained over 1000 people. You don’t make money if you don’t have a technically valid system for entry and exits.
Of the four categories of trades listed above, we simply don’t allow any of the first category, which is big losers. We always have a worst-case stop and we always stick to it. There should never be a scenario where you are still in a trade that is causing a significant loss if you follow our rules.
In terms of the other three categories, generally speaking, if you have about a third of your trades fall into each category, you should be making good money. In other words, if we have about 33% of our trades as small losers and 33% of trades as small winners, those basically would offset. That leaves the other 33% of so only as bigger winners, and that’s what we are here for. In our world, we count a loser as a trade that stops out (stops in our system are based on the price-level of the stock). We count a small winner as a trade that goes enough to make a partial and then either stops the second half of the trade under the entry or stops the second half of the trade slightly in the money, but no more than the partial was or so. Then the big winners are anything that keeps going beyond the partial.
So these were the results for October, which you can view here.
Tradesight Stock Results for October 2021
Number of trade calls that triggered with market support: 30
Number (and percent of total) of small losers: 5 (16.7%)
Number (and percent of total) of small winners: 7 (23.3%)
Number (and percent of total) of big winners: 18 (60%)
And for November?
Tradesight Stock Results for November 2021
Number of trade calls that triggered with market support: 15
Number (and percent of total) of small losers: 2 (13.3%)
Number (and percent of total) of small winners: 3 (20%)
Number (and percent of total) of big winners: 10 (66.7%)
As usual, November is a light month as you lose days for Veteran's Day and then 2-3 days in Thanksgiving week. Still, our win ratio was strong at 80% and some of those were big winners, so no complaints for a patient trader.
Tradesight November 2021 Futures Results
Before we get to November's numbers, here is a short reminder of the results from October. The full report from October can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for October 2021
Number of trades: 25
Number of losers: 8
Winning percentage: 68%
Net ticks: +65.5
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 November 2021
Number of trades: 29
Number of losers: 9
Winning percentage: 68.9%
Net ticks: +56.5
An interesting month. We were actually negative halfway through, but the results improved and we had some nice winners to close out the month, plus the Holiday.
Tradesight November 2021 Forex Results
Before we get to the November numbers, here is a short reminder of the results from October. The full report from October can be found here and you can get the last several months in a row vertically by clicking here and scrolling down.
Tradesight Pip Results for October 2021
Number of trades: 16
Number of losers: 7
Winning percentage: 56.25%
Worst losing streak: 1
Net pips: +135
Reminder: Here are the rules.
1) Calls wrapped up in the recap reports for the calendar month count.
2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.
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 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).
4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.
5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Pip Results for November 2021
Number of trades: 15
Number of losers: 5
Winning percentage: 66.7%
Worst losing streak: 2
Net pips: +155
Even with Veteran's Day and the long Thanksgiving weekend, we still put up an impressive month for Forex gains.