Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October can be found here and you can get the last several months in a row vertically by clicking here and scrolling down.
Tradesight Pip Results for October 2012
Number of trades: 24
Number of losers: 16
Winning percentage: 33.3%
Worst losing streak: 5 in a row (middle of the month)
Net pips: -100
Reminder: Here are the rules.
1) Calls made in the calendar month count. In other words, a call made on August 31 that triggered the morning of September 1 is not part of September. Calls made on Thursday, September 30 that triggered between then and the morning of October 1 ARE part of September.
2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.
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 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).
4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.
5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Pip Results for November 2012
Number of trades: 21
Number of losers: 13
Winning percentage: 38%
Worst losing streak: 4 in a row (end of the month)
Net pips: -45
Last month we set a record by having two months in a row of negative returns from our Forex calls, although we lowered our size to half in late August and have maintained that size. November didn’t improve the situation as we net lost 45 pips in November, the third month in a row (and the first time in 7 years of 3 months of negative returns), but we continue to be half size (and the only time since 2007 that we have been half size this far into the post-summer months). Frankly, it’s just a mess, but it won’t stand forever, and the fact that we have been half size in the first 3-month period of net losses shows that the system works. Also, having said that, we think things will pick up soon as the ranges have dropped to intolerable levels unseen in a decade.
It should also be noted that losing only 45 pips at half size is minor, and we only had 21 trades trigger (a record low) due to Hurricane Sandy and other factors (Thanksgiving and more). In other words, our system continues to protect our subscribers from bad environments.