Friday, November 05, 2021

Trading Summary Week Ended 5th November 2021

39 Trades:

1 STAN + 48 BPS.
18 US500  + 536 BPS.
10 US 100 + 89 BP.
10 UK100 + 289 BPS.

21 long trades  + 1,043 BPS.
18 short trades - 81 BPS.
35 intra-day trades + 183 BPS.
4 multi-day trades + 779 BPS.
Total trades net  + 962 BPS.

Return on account for the week + 2.90 % net.
P:L ratio 4.15:1.
Days traded: 5.
Longest trade duration: 58 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts


A very volatile week on the equity markets.

Markets continued to make new highs, with the SPX, DJI and the Nasdaq all making new all time highs.
The FTSE made a new high for 2021 on Friday, above 7,300.
The SPX has now more than doubled since last March.  Astonishing. The Dow has made a similar move.
 
I made some very poor exits, basically not running longs, especially on the US indices, this is truly a buy the dips and hold market.  

Hoping for for more opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

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