George II - Results (2008)

January 2008

ER2: -21.0 pts with 9 trades of which 1 were winners
YTD: -21.0 pts with 9/1 trades.

A lousy start of the year, to say the least, but not the worst month ever since I started tracking the performance of this system two years ago. And that has to serve as good news. The simplified version of the system also suffered a loss: 3.5 pts or 7.0 pts if one takes into account a re-entry. Well, let's hope next month is a winner.

February 2008

ER2: -15.5 pts with 8 trades of which 1 were winners
YTD: -36.5 pts with 17/2 trades.

Clearly, it was not the best of months, but the loss was smaller than in January, and we did not give up without scoring at least a single victory.

March 2008

ER2: 1.1 pts with 10 trades of which 3 were winners
YTD: -35.4 pts with 27/5 trades.

Things were looking really good when we scored over 17 pts in the second trade of the month, but then they went steadily down. Fortunately, the month ended before we ran out of profits ... But, there is always another month.

April 2008

ER2: -13.5 pts with 9 trades of which 2 were winners
YTD: -48.9 pts with 36/7 trades.

Well, let's call it the best losing month so far this year. Yes, it could have been better, but it's not tragic and we still have plenty of time to get out of this hole before this year is over. There were 2 trades in the simplified version of the system which contributed 1.9 pts in total with the winner contributing 5.4 pts.

May 2008

ER2: 13.1 pts with 10 trades of which 4 were winners
YTD: -35.8 pts with 46/11 trades.

So things got finally better and hopefully more months like that will follow.

June 2008

ER2: -5.9 pts with 9 trades of which 3 were winners
YTD: -41.7 pts with 55/14 trades.

This market is in transition to another exchange and so I don't think it makes sense to continue tracking it until this transition is complete. At this point this simply is not a good market to trade. For this reason, for the rest of 2008, I will switch to ES.

July 2008

ES: 46.0 pts with 11 trades of which 6 were winners
YTD: 46.0 pts with 11/6 trades.

The first month for ES and a really good one too. Let's see how this is going to play out in the months to come.

August 2008

ES: 59.0 pts with 8 trades of which 7 were winners
YTD: 105.0 pts with 19/13 trades.

The second month for ES was even better than the first one. Do I need to say more? It was really an outstanding month!

September 2008

ES: 22.75 pts with 6 trades of which 2 were winners
YTD: 128.25 pts with 25/15 trades.

Our winning monthly streak just got extended ... Quite nicely too.

October 2008

ES: -17 pts with 3 trades of which 0 were winners
YTD: 111.25 pts with 28/15 trades.

Well, I guess this had to come eventually, but fortunately, this monthly loss is smaller than our monthly wins, so it's not that bad.

November 2008

ES: -13.25 pts with 6 trades of which 1 were winners
YTD: 98.0 pts with 34/16 trades.

The good news is, this loss is even smaller than last month, the bad news is that we dropped below 100 pts in the total tally for the past 5 months.

December 2008

ES: -12.75 pts with 9 trades of which 3 were winners
YTD: 85.25 pts with 43/19 trades.

Well, maybe the next month is a winner ... On the whole, over the last 6 months we have made nearly 2 points per trade, so things can hardly be said to have been bad. On the other hand, this system is known to have big drawdowns.