SOUTH Trading System Performance (August 2011): +10.29%

SOUTH – Short Only

Direction: Long Only

Leverage Used: 2:1

Max Drawdown: -13.82%

Starting Capital: $10,000

Ending Capital: $93,591

Net Profit (Month August): $8,735

Net Profit % (Month August): 10.29% 

Net Profit (Since Inception): $83,591

Net Profit % (Since Inception): 835.91% 

August was a solid month for South trading system as it posted a gain of 10.29%, after making 30.50% in July!

During the first week of the August, South trading system made more than 10%, but then in the middle of the month lost all the profits and went in to loss of -4.37%. In the second half of the August things started to go our way and system finished a month with a gain of 10.29%. During this month drawdown was -13.82%, and now that is a new maximum drawdown since inception of this system (January 2011).

At the end of August, South trading system made 10.29% before commissions, and a compounded gains of 835.91% (since inception in January 2011). This month’s drawdown was -13.82%, which is grater 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 -9.96%, and a largerst daily gain of 9.13%.

At the end of reporting month and since inception, South trading system made a profit of $83,591 and finished a month with a balance of $93,591.

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