Before we get to February’s numbers, here is a short reminder of the results from January. The full report from January can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for January 2015
Number of trades: 10
Number of losers: 2
Winning percentage: 83.3%
Net ticks: +56 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 February 2015
Number of trades: 20
Number of losers: 10
Winning percentage: 50.0%
Net ticks: -14.5 ticks
After a couple of solid months, the futures really slowed down (with market volume in general) for February, especially the second half of the month. While we consistently win the Opening Range plays (and the Institutional Range plays are solid too), the rest of the technical setups were mixed. By my count, out of 19 trading days in February, the Opening Range plays worked 14 of them, which is nice. We had several days without calls and certainly others without triggers because market volume seemed too light. March is already slightly improved from this, but volume in the markets is still hit or miss, and we like to see good volume to expect good technical futures action.