March Review

Along with the market, our historical performance got royally spanked this month, and had, by far, statistically the worst performance so far since we started up our business 10 months ago.

Personally, our own P&L was almost the same as previous months; even though we traded much less we were much more selective, and thus had one of the highest win rates in our personal trading than we have had for many months. This month reconfirmed many lessons we try to teach to our subscribers in regards to how valuable it is to be patient and how effective the base and break pattern is for our type of trading.

Here are the statistics:

11 losses (if a stock hits our price and then reverses 0.3% it is logged as a loss)
3 scratch trades (meaning they went up over 0.5%, but did not achieve 1% profit)
4 wins (1x1%, 2x 3%, 1x 4%)


Our previous win rate of 70% plummeted this month to 61% loss, 17% scratch, and 22% win. Are we worried? Not at all. Markets go in cycles, and this is part of the game. Thankfully, we keep our stops extremely tight (0.3%) and one good trade of 2-3% pays for multiple losses. And of course many of these trades were complete avoids as often there was no intraday set-up or no heavy volume.

Realistically, we can't imagine April being much different and we most likely will have another negative month to report next month but hopefully after that things will become somewhat better for our type of trading. We don't need a bull market to do well, but what we do need is a less jittery market, and less scared participants.