May Trading Performance

The model had its first losing month in a long time. It ended down -0.87% on the month while NDX gained 3.24%. However, my trading accounts managed to gain 5.60% or $1,567. If it wasn't for horrible trades in Saleforce.com and Interactive Brokers I would have done much better:



Futures trading made near $4000. The first half of the month was a struggle, but then things really started working out. QQQQ and NQ trading alone made around this amount. That kind of performance would be sufficient to make a living at this with a reasonable amount of capital at risk. Currently my z-score for all NQ trades to date is 2.44 which implies that the probablity that the average trade loses money and my success to date is just luck is less than 1%. The average winning trade makes $95 per contract (1 index point is $20). The average losing trade loses $109 per contract. But 62% of trades win. To date I've traded 555 NQ contracts or $21million worth for a total profit of $9386. This seems to be fairly typical of daytrading and why very low commissions are essential. The average contract is making me $17 in profit and costing $4.80 in commissions for the roundtrip.