Before we get to March’s numbers, here is a short reminder of the results from February. The full report from February can be found here.
Tradesight Tick Results for February 2013
Number of trades: 25
Number of losers: 10
Winning percentage: 60.0%
Net ticks: +24 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 March 2013
Number of trades: 28
Number of losers: 14
Winning percentage: 50.0%
Net ticks: -39 ticks
After bouncing back in late January and all of February to nice gains, the stock market volume dried up considerably in March, mostly due to the sequester issue in Washington. Of the three major asset classes (Stocks, Futures, and Forex), futures trading saw what I consider to be the biggest slowdown with the drop in market volume. The ranges were poor 75% of the month and most trades that did work eventually triggered and stopped at least once. We’ve been trading a lot of half size sessions and there were even several days without triggers. It’s simply a slow time for futures, and we aren’t going to push anything, keeping the official calls to about 2 each day (one in either direction). Until volume picks back up, I don’t expect things to get much, but we will continue to stick to tight stops.
In addition, we went almost a full month without an intraday Seeker or Comber 13 buy or sell signal on the ES 5-minute chart. That is absolutely unheard of and speaks volume about the ranges. When we did get one late in the month, it was the low of the session.