Saturday, August 6, 2011

SOUTH Trading System Performance (July 2011): +30.50%

SOUTH – Short Only

Direction: Long Only
Leverage Used: 2:1
Max Drawdown: -9.24%
Starting Capital: $10,000
Ending Capital: $84,856
Net Profit (Month July): $19,830
Net Profit % (Month July): 30.50% 
Net Profit (Since Inception): $74,856
Net Profit % (Since Inception): 748.56% 

July was a very good month for South trading system as it posted a gain of 30.50%, after making 11.85% in June!

Month started with a small profits and one small losing day. During second week system was able to make significant profits, as it had four profitable days where each day was more profitable than the last one. During the last week and a half, there was no positions opened, as prices didn’t touch our predefine levels (trade alerts). Drawdown during this month was less then one percent.

At the end of July, South trading system made 30.50% before commissions, and a compounded gains of 748.56% (since inception in January 2011). This month’s drawdown was -0.80%, which is lower then a historical drawdown of -9.24%. It is important to understand that reported drawdown was based on loosing trades only, and that means that if a trade was profitable when it was closed, but it had a loss while it was opened (because of natural contractions of the market), that loss would not be reported by our drawdown calculations! Real drawdown is always higher by 3-5%, so readers should know this.
Largest daily loss during the month was -0.80%, and a largerst daily gain of 9.74%.
At the end of reporting month and since inception, South trading system made a profit of $74,856 and finished a month with a balance of $84,856.
To see South's last month report click here, and other trading systems offered click here. If You would like to subscribe to this system and start reciving daily Trade Alerts,  click on the link below and fill out the form:

No comments:

Post a Comment