Before we get to February’s numbers, here is a short reminder of the results from January. The full report from January can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for January 2014
Number of trades: 29
Number of losers: 15
Winning percentage: 51.7%
Net ticks: -1 tick
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 February 2014
Number of trades: 24
Number of losers: 11
Winning percentage: 54.1%
Net ticks: -8.5 ticks
Generally speaking, I’m a little disappointed in these results. We had a rough opening two weeks of the month, not because the market didn’t end up moving, but because we didn’t re-enter several trades that triggered and stopped because the early action in the morning didn’t look good. A lot of those trades ended up retriggering and working great. The market is seeing enough volume that even though we still are seeing some dull session, we need to start taking the futures trading seriously again. For most of 2013, since market volume was so light, we put futures trading third in the order of priority for our trading (stocks first, then Forex, then futures). At this point, as long as market volume holds up, and given the complete lack of action in Forex, I think futures should take the second slot. It still isn’t as easy as stocks, but things are happening. Our win ratio ended up right in our target range (50-60%) but we didn’t have a lot of trades with follow through, even the retriggers would have worked big.