EAST – Short Only
Direction: Short Only
Leverage Used: 2:1
Max Drawdawn: -18.15%
Starting Capital: $10,000
Ending Capital: $34,209
Net Profit (Month August): $1,916
Net Profit % (Month August): 5.94%
Net Profit (Since Inception): $24,209
Net Profit % (Since Inception): 242.10%
August was a solid month for East trading system as it posted a
gain of 5.94%, after making 11.04% in July!
On the first trading day of the month, system lost
-5.81%. After that day system started to make money, and until the last week of
the month was able to make profits of 29.43%. In the last week of the month,
system made some losses and finished a month with a profit of only 5.94%. During
this month drawdown was -18.15%, and now that is a new maximum drawdown since
inception of this system (January 2011).
At the end of August, East trading system made 5.94% before commissions, and a compounded gains of 242.10% (since inception in January 2011). This month’s
drawdown was -18.15%, which is grater then a historical drawdown of -12.68%. 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.
The chart below shows daily profit and loss made
during this month. Largest daily loss during the month was -14.53%, and a largerst daily gain of 15.05%.
At the end of reporting month and since inception, East
trading system made a profit of $24,209 and finished a month with a balance of $34,209.
To see North's last month report click here, and other trading systems offered click here. If
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