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 2015
Number of trades: 14
Number of losers: 4
Winning percentage: 71.4%
Net ticks: +15.5 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.
It is important to note that these results do not include the Tradesight Value Area, Opening Range, 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 August 2015
Number of trades: 8
Number of losers: 1
Winning percentage: 87.5%
Net ticks: +28 ticks
August is usually a bit slower in the markets, but this August was an exception when the markets tumbled mid-month and gave us some volatility. We kept the number of official calls down, and on certain days earlier in the month, nothing actually triggered because it was so flat.
In addition, our Opening Range Plays worked 17 out of 21 days in the month, continuing the usual streak. Easiest play on the planet.
Overall, the ranges in the markets expanded in August, which is unusual, and we got through the month with solid gains in futures and can now look forward to the rest of the year and what is typically better trading.