Friday, October 07, 2022

Trading Summary Week Ended 7th October 2022

28 Trades:

2 UK 100 + 5 BPS.
26 US 500 + 145 BPS.

24 long trades + 279 BPS.
4 short trades - 129 BPS.
26 intra-day trades + 144 BPS.
2 multi-day trades + 6 BPS.
Total trades net + 150 BPS.

Return on account for the week + 0.87 % net.
P:L ratio 3.1:1.
Days traded: 5.
Longest trade duration: 13 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts


A difficult week on the equity markets.

Monday was pretty weak, with the FTSE dipping below 6,800, before rally later in the week.
The SPX got near 3604.
On Friday, we had the US non - farm payrolls, which caused a sell off on the futures.

Here is the chart of the SPX futures after payrolls:


Later in the session the index fell further, at one point the Dow was down over 700 points.

I didn't run my profits, and I missed several great trade entries.

Maybe I had too bearish a mindset. Well short of my 2.5 % weekly benchmark.

Hoping for more better trading next week.


Stay disciplined.
Stay focussed.
Stay humble.

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