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 2015
Number of trades: 11
Number of losers: 3
Winning percentage: 72.4%
Net ticks: +42 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 July 2015
Number of trades: 14
Number of losers: 4
Winning percentage: 71.4%
Net ticks: +15.5 ticks
In addition, our Opening Range Plays worked 17 out of 22 days in the month, continuing the usual streak. Easiest play on the planet.
Overall, the ranges in the markets dipped a bit in July, which is not uncommon in summer. There were a lot more days glued to the VWAP after lunch and we spent more time at the key 2062.50 number that has been our key point since Thanksgiving last year. August will be interesting, but nothing to complain about here with the futures.