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Phew! We’re glad June is over. Maybe July will see the markets break out of their recent consolidation.
As for ProfitPoint performance numbers, we were wondering when we would get whip-sawed into a negative month. Unfortunately, it happened in June. Here are June’s ProfitPoint Performance numbers:
5 Positive trades for a total gain of 6.74
11 Negative trades for a total loss of -11.50
Average gain for all positive trades: 3.6%
Average loss for all negative trades: 2.3%
Net loss: -7.76
Experienced traders know taking some losses is part of the game. They realize limiting those losses is key. What’s also important is the overall success rate. With that in mind, here are the past six months of ProfitPoint:
Jan. + 49.23 net gain
Feb. +10.35 net gain
March +27.23 net gain
April +16.65 net gain
May +37.05 net gain
June –7.76 net loss
Using baseball as an analogy, sure the other team is going to win some games, but it's a long season. So stick to your game plan for a winning season!
So while the overall picture is still pretty darn good, and yes, you have to expect some losses, frankly we are not happy with June’s results. Neal Hughes, Fibmaster at Fibmarkets.com, promises to continue to bring you great charts for great profits!
(Incidentally, we opened July with 3 positive trades. EBAY +$3.05, ECL +.17, and ANSI +.38).
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