Before we get to July’s numbers, here is a short reminder of the results from June. The full report from June can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for June 2014
Number of trades: 20
Number of losers: 8
Winning percentage: 60%
Net ticks: +35.5 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 July 2014
Number of trades: 24
Number of losers: 8
Winning percentage: 66.7%
Net ticks: +17.5 ticks
July was interesting. Our winning percentage was higher than usual, but the markets were so flat that a lot of the winners were small, only to our first targets, so we spent much of the month on the main calls trading winners and losers. The markets did start to move in the last week of the month though, and that’s when things improved. Hopefully, we won’t have too many months as flat as July. It was a great month to see how the system works and why movement matters.