Saturday, November 27, 2021

Trading Summary Week Ended 26th November 2021

59 Trades:

29 US 500 + 932 BPS.
14 US 100 + 90 BPS.
16 UK 100 + 171 BPS.

52 long trades + 1,910 BPS.
7 short trades - 717 BPS.
48 intra-day trades + 305 BPS.
11 multi-day trades + 888 BPS.
Total trades net + 1,193 BPS.

Return on account for the week + 8.57 % net.
P:L ratio 4.66:1.
Days traded: 5.
Longest trade duration: 80 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts


A volatile week in the equity markets.

Markets were fairly quiet heading into the Thanksgiving holiday in the US.

Then news of yet another new COVID variant in South Africa caused a sharp sell off on Friday morning, with the Dow being over a thousand points down at one point (although at recent levels, a thousand points is not the huge drop it was a few years ago).

Crude oil was very weak, helping push the FTSE commodity stocks lower.

A decent week, although I missed some good trades. Friday was busy, and I closed 19 trades on the day.
Well above my 2.5 % bench mark.

Hoping for more opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

No comments: