Before we get to April’s numbers, here is a short reminder of the results from March. The full report from March can be found here.
Tradesight Tick Results for March 2013
Number of trades: 28
Number of losers: 14
Winning percentage: 50.0%
Net ticks: -39 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 April 2013
Number of trades: 32
Number of losers: 19
Winning percentage: 40.6%
Net ticks: -76 ticks
Not much to say, other than this was the single worst month we’ve had in the service based on the official calls. Market volumes continue to be very light, and this is having an impact on intraday ranges. Several trades that ultimately worked stopped out once or twice first, and very few trades that worked went beyond the first target much. This is not a recipe for success, and we continue to suggest playing lightly in the futures market until volume returns. The results were impacted by 28 ticks of losses in the last two days of trading, but with only a single trade in the month that went much beyond its first target, this was not going to be a very successful total month.
