Before we get to November’s numbers, here is a short reminder of the results from September. The full report can be found here.
Tradesight Pip Results for October 2010
Number of trades: 38
Number of losers: 18
Winning percentage: 52.6%
Worst losing streak: 3 in a row (Oct 6-8)
Net pips: +218
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.
This month, we had a “worst losing streak” once again of only 3 trades, which isn’t really a streak at all. Here’s the breakdown:
Tradesight Pip Results for November 2010
Number of trades: 30
Number of losers: 9
Winning percentage: 70.0%
Worst losing streak: 3 in a row (Nov 8-9)
Net pips: +512
Just a great month overall. Huge win rate, no real losing streak, and a few carryovers that really added to the total. Not much else to say except that the system clearly works. Average daily ranges actually dropped a little between October and November, but that is a little deceiving because we had the Veteran’s Day bank Holiday and Thanksgiving (which affects three days, really). Overall, ranges were quite good, and that’s when we do our best. When you have three or four months a year like this, everything is good.