Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for May 2016
Number of trades: 63
Number of losers: 24
Winning percentage: 61.9%
Net ticks: +67 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 Twitter feed exactly as we call them and manage them as well as the Opening Range plays under the basic strategy we teach for those in our course. We 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 Twitter calls.
It is important to note that these results do not include the Tradesight Value Area 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 June 2016
Number of trades: 59
Number of losers: 22
Winning percentage: 62.7%
Net ticks: +156.5 ticks
The month started out slow. We had a couple of days in a row where the Opening Range plays were stopping out left and right, which is unusual, but probably more prone to happen in the summer. Then things got even light ahead of the Brexit vote, but once the vote hit, the markets made up for it quickly, giving us one of our best trading months to date. The overall win ratio of 62.7% came in very similar to the prior month, but we had a few more bigger winners once the volatility kicked in. Very pleased with June. I should also point out that we are halfway through the year and have locked in a net of over 700 ticks just on the calls covered in the report alone.