Tradesight Recap Report for 12/2/21
Overview
The markets opened flat and went higher in the morning and then dead flat the rest of the day 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, triggered long 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: +4 ticks
Forex:
GBPUSD, no triggers yet again:
Results: +0 pips
Stocks:
Not the day we wanted as the markets headed up.
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 12/1/21
Overview
The markets gapped up, tried to go higher, and then rolled ahead of lunch and sold off hard the rest of the day on 6.3 billion NASDAQ shares. Big day for us.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked:
NQ Opening Range Play both triggers were too far out of range to take:
Results: +21.5 ticks
Forex:
GBPUSD, neither trade triggered:
Results: +0 pips
Stocks:
A big day on two trades.
From the Tradesight Plus Report, ROKU triggered short (without market support) and worked big (still should have taken half size):
From the Tradesight Plus Twitter feed, WYNN triggered short (with market support) and worked nicely:
That’s 1 trigger with market support, and it worked.
Tradesight October 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 September, which you can view here.
Tradesight Stock Results for September 2021
Number of trade calls that triggered with market support: 26
Number (and percent of total) of small losers: 6 (23.1%)
Number (and percent of total) of small winners: 2 (7.7%)
Number (and percent of total) of big winners: 18 (69.2%)
And for October?
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%)
We continue to do our thing as usual. The total win ratio was over 80%, and there were some big winners in the month. The markets weren't even that exciting like they usually are in October.
Tradesight October 2021 Futures Results
Before we get to October's numbers, here is a short reminder of the results from September. The full report from September can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for September 2021
Number of trades: 20
Number of losers: 3
Winning percentage: 85%
Net ticks: +252
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 October 2021
Number of trades: 25
Number of losers: 8
Winning percentage: 68%
Net ticks: +65.5
Things actually cooled off in the futures for October, which was a bit surprising. In fact, by the midpoint of the month, the results we count were even for the month. But, we rallied late and locked in more gains.
Tradesight October 2021 Forex Results
Before we get to the October numbers, here is a short reminder of the results from September. The full report from September 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 September 2021
Number of trades: 21
Number of losers: 10
Winning percentage: 52.4%
Worst losing streak: 3
Net pips: +30
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 October 2021
Number of trades: 16
Number of losers: 7
Winning percentage: 56.25%
Worst losing streak: 1
Net pips: +135
And with summer behind us, movement picked up again in Forex and we posted some nice gains, even though there were several days with no triggers at all.
Tradesight Recap Report for 11/30/21
Overview
The markets gapped down, rallied some, then plunged ahead of lunch and closed near the lows on 6.6 billion NASDAQ shares (heavy volume on the sell-off).
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered long at A but too far out of range to take, triggered short at B and worked enough for a partial:
NQ Opening Range Play:
Results: +4 ticks
Forex:
GBPUSD triggered short at A, hit first target at B, second half stopped over entry:
Results: +15 pips
Stocks:
From the Tradesight Plus Report, AMGN triggered short (with market support) and worked:
LWLG triggered long (without market support due to opening 5 minutes) and worked enough for a partial:
From the Tradesight Plus Twitter feed, nothing triggered.
That’s 1 trigger with market support, and it worked.
Tradesight Plus Report for 11-30-21
Opening comments posted to YouTube. Remember, this is statement printing for end of November.
Longs first, in order of best chart construction, starting with LWLG > 15.16:
Shorts next, in order of best chart construction, starting with AMGN < 200.47:
That's it.
Tradesight Recap Report for 11/29/21
Overview
The markets gapped up and held, NASDAQ closed higher but the ES closed about where it opened on 4.8 billion NASDAQ shares.
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 and long at B, both too far out of range to take:
Results: +0 ticks
Forex:
GBPUSD did not trigger:
Results: +0 pips
Stocks:
No excitement after the gap up since we closed about where we opened.
From the Tradesight Plus Report, nothing triggered.
From the Tradesight Plus Twitter feed, none of the calls triggered.
That’s 0 triggers with market support.
Tradesight Recap Report for 11/24/21
Overview
The markets gapped down, filled the gap, closed at highs on 4 billion shares with most people gone for the long weekend. Really boring.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked:
NQ Opening Range Play:
Results: +9 ticks
Forex:
GBPUSD triggered short at A, hit first target at B, closed at end of chart for the Holiday:
Results: +15 pips
Stocks:
No calls for the Holiday.
From the Tradesight Plus Report, no triggers.
From the Tradesight Plus Twitter feed, no triggers.
That’s 0 triggers with market support.
Tradesight Recap Report for 11/23/21
Overview
The markets opened flat, wiggled both ways, and closed flat ahead of the long Holiday weekend on 5 billion NASDAQ shares.
ES with Levels:
ES with Market Directional:
Futures:
ES Opening Range Play triggered short at A but too far out of range to take, triggered long at B and worked:
NQ Opening Range Play:
Results: +13 ticks
Forex:
GBPUSD triggered short at A, hit first target at B, stopped second half over entry:
Results: +10 pips
Stocks:
Probably done for the Holiday week.
From the Tradesight Plus Report, nothing triggered.
From the Tradesight Plus Twitter feed, nothing triggered.
That’s 0 triggers with market support.