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.
Tradesight Tick Results for July 2012
Number of trades: 35
Number of losers: 17
Winning percentage: 51.4%
Net ticks: +11 (+27 if you ignored the Fourth of July week)
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 2012
Number of trades: 31
Number of losers: 14
Winning percentage: 54.8%
Net ticks: +6.5
If July was awkward, August was down-right slow for trading in all asset classes, and futures were no exception. In fact, the market volume and action got so bad by the end of the month, heading into Labor Day, that we stopped making calls for the last three days of the month, as we didn’t see the upside potential. In total, we had only 31 trades trigger in the month, barely half of the 60 that triggered in July (and keep in mind, July had the Fourth of July holiday on a Wednesday). It was literally one of the most anemic trading months I can recall…ever.
While we had some success early in August with a few nice winners, we had a lot more stop outs in the second half of the month, and it probably would have been worse if we had kept pushing up trades for the last few days, where NASDAQ volume dropped to 1.2 billion shares per day to end the month.
Not much else to say except that we move on now to September, where things tend to slowly pick back up, and that leads us into the better six months of the trading year starting in October. The first (short) week of September has already been better than August.
