For various reasons, I haven't updated this blog/journal for some time, but I plan to add weekly updates.
48 Trades:
48 US 500 + 1,438 BPS.
31 long trades - 53 BPS.
17 short trades +1,491 BPS.
39 intra-day trades + 217 BPS.
9 multi-day trades + 1,221 BPS.
17 short trades +1,491 BPS.
39 intra-day trades + 217 BPS.
9 multi-day trades + 1,221 BPS.
Total trades net + 1,438 BPS.
Return on account for the week + 5.46 % net.
Return on account for the week + 5.46 % net.
P:L ratio 4.8:1.
Days traded: 5.
Longest trade duration: 8 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
A very volatile week on the equity markets.
Days traded: 5.
Longest trade duration: 8 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.
US indices fell heavily, after the Fed hiked rates on Wednesday.
On Friday, the SPX touched 3,644, just eleven points above the June 17th lows, before a sharp bounce in the last couple of hours.
The Dow was down over 800 at one point. Over the week the SPX lost 180 points (4.65%).
The Nasdaq is now over 32% down from the all time highs, the SPX 23%.
A pretty busy week. Well above my 2.5 % weekly benchmark.
I missed some excellent short entries.
Hoping for more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
Stay focussed.
Stay humble.
