August volatility settled down quite a bit, so overall results were somewhat typical. The VIX high-point was the beginning of the month, and it just hovered in the teens from there.
An interesting side-note is that volume in August was down significantly. The trading volume on most major indices was down 10-15% from last month, and was the lowest we have seen in several years. Is it the calm before the storm?
Regarding my own trading model, August turned into a nice month for the MS8 Trading System. Our overall exposure was lower than usual, at just 7.55% (meaning that’s how much time we had cash in the market), and we ended the month with no open positions. Below are a few of the key statistics:
| Net profit for the month | 6.61 |
| Total number of trades | 13 |
| Average return per trade | 3.31 |
| Win ratio | 84.62 |
| Exposure | 7.55 |
| Total time invested | Less than 10 minutes a day! |
Most notable was the high win rate. Out of a total 13 trades, 11 (84.62%) of them were profitable. This is much better than our average win rate, so we’ll take it when we can get it.
Good Trading…
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