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.
Tradesight Tick Results for September 2012
Number of trades: 31
Number of losers: 14
Winning percentage: 54.8%
Net ticks: +6.5
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 October 2012
Number of trades: 39
Number of losers: 18
Winning percentage: 53.8%
Net ticks: -27 ticks
This has been a horrible time for the markets in terms of volume and range, and our futures calls have finally registered their first negative month because of it. This includes Hurricane Sandy, which meant a couple of days without trades at the end of the month due to the markets being closed. It is an exceptional time for trading, something we have never seen before, and I remain satisfied that our system encourages tight stops and less trading when volume and ranges are bad. These results don’t reflect the fact (in the raw numbers) that our system suggests smaller size when ranges are bad.
Here’s hoping November and December see some improvement as we work to resolve the fiscal cliff.
