Trading Summary Week Ended 22nd October 2021

23 Trades:

21 US500  + 51 BPS.

1 US 100 + 3 BPS.

1 UK100 + 4 BPS.

11 long trades  + 35 BPS.
12 short trades + 23 BPS.
23 intra-day trades + 58 BPS.
0 multi-day trades.

Total trades net  + 58 BPS.

Return on account for the week + 0.69 % net.

P:L ratio N/A.
Days traded: 5.
Longest trade duration: 138 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week on the equity markets.

Equity markets were weaker early in the week, and the FTSE traded below 7200, before rallying, but it was stuck in a range from around 7180 to 7220.

The SPX made another new all time high on Thursday, at over 4550. All dips are still being bought on the US equity market.

Tricky trading, I made some very poor trade exits.

Well short of my 2.5 % weekly bench mark.

The crypto markets were very strong, Bitcoin making a new all time high above 66k, after the first Bitcoin ETF began trading on the US market.

The other large cap coins also rallied, with ETH rising over 4100, Solana and Polkadot were active too.

I hold all of these, so that was encouraging. I do think that the wider general public is still largely not participating in the crypto market, and if they do, that may drive prices higher. We shall see.

Away from the markets, I may have said before here that I like to get out in the evenings and at weekends. I do a fair bit of cycling, which is a good way of de - stressing after a difficult day, and it also keeps me fairly fit.

Anyway, I took this photo on my ride on Thursday evening, I thought the sky was pretty dramatic, although it was pretty short lived:

It's important to appreciate our beautiful world, after all, we aren't here all that long.

Looking forward to more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.