Trading Summary Week Ended 11th November 2022

 

34 Trades:

34 US 500 + 386 BPS.

28 long trades + 392 BPS.
6 short trades - 6 BPS.
33 intraday trades + 264 BPS.
1 multi-day trades + 122 BPS.

Total trades net + 386 BPS.
Net points + 149.

Return on account for the week + 2.89 % net.

P:L ratio 29.7:1.
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week on the equity markets.

We had the US elections on Tuesday, in which the Republicans didn't do as well as some predicted. Markets were range bound, with the SPX trading just above 3,800, support in the 3,740s, resistance around 3,840.

Then on Thursday we had the CPI data release, and the equity markets exploded upwards, with the Nasdaq up over 7 % on the day, the Dow up over 1,200 points and the SPX up over 5 %, breaking above 3,950 and touching 4,000 on Friday.

I was scalping the SPX, made some poor exits, just above my 2.5% benchmark. I really should have just bought the dips and let them run.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.