Before we get to October’s numbers, here is a short reminder of the results from September. The full report from September can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for September 2016
Number of trades: 62
Number of losers: 29
Winning percentage: 53.2%
Net ticks: -12 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 October 2016
Number of trades: 55
Number of losers: 14
Winning percentage: 74.5%
Net ticks: +134.5 ticks
We were looking for a pick-up in volume in the markets, and October didn’t really give it to us. In fact, we had the lightest volume week of the year in the third week of the month. Typically, as with September, this would not lead to great futures results. However, even though there wasn’t enough action to justify making a lot of additional calls, the Opening Range plays worked great again, so we were able to mount another solid month. With just two left, it’s hard to imagine this being anything but a banner year in the end for our futures traders, but we’d sure like to close out on a high note with better action and volume. Hopefully, we get it after the Election.