Trading Summary Week Ended 24th March 2023 (Week 12)

10 Trades:

1 UK 100 + 141 BPS.

9 US 500 - 583 BPS.

8 long trades - 350 BPS.
2 short trade - 92 BPS.
7 intraday trades + 26 BPS.
3 multi-day trades - 468 BPS.

Total trades net  - 422 BPS.
Net points - 132.5.

Return on account for the week: - 1.65 % net.

P:L ratio: 0.45:1.
Days traded: 5.
Longest trade duration: 33 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week in the equity markets.

I took losses on the SPX. A pair of poor trades, not a great week for me.

We had the Fed rate announcement, plus 25 BPS as expected, and markets initially headed higher, until Powell started speaking.

 

Over the week, the SPX was actually positive, + 1.39 %, as was the Nasdaq and the FTSE.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th March 2023

 

39 Trades:

23 UK 100 + 499 BPS.

16 US 500 - 1,597 BPS.

12 long trades - 1,613 BPS.
27 short trade + 515 BPS.
28 intraday trades - 44 BPS.
11 multi-day trades - 1,054 BPS.

Total trades net  - 1,098 BPS.
Net points - 262.6.

Return on account for the week: - 2.25 % net.

P:L ratio: 0.69:1.
Days traded: 5.
Longest trade duration: 69 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very volatile week in the equity markets.

I took losses on both the FTSE and the SPX. Really poor trades, held too long. Not a good week at all.

The FTSE closed at 7335.4. The index has now lost all the gains it has made this year, and it it just 21 trading days since it made an all time high (8047.06).

 

Next week we the Fed rate announcement, which will no doubt have a big effect on the markets.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week Ended 10th March 2023

 

43 Trades:

3 UK + 29 BPS.

40 US 500 + 328 BPS.

25 long trades - 813 BPS.
18 short trade + 1,170 BPS.
33 intraday trades + 159 BPS.
10 multi-day trades + 198 BPS.

Total trades net  + 357 BPS.
Net points + 153.75.

Return on account for the week: + 1.77 % net.

P:L ratio: 1.35:1.
Days traded: 5.
Longest trade duration: 17 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week. The main event was the Fed chairman's testimony before congress.

Yet again he managed to spook the equity markets.

And on Friday we had the Non - farm payrolls, which caused a fair bit of volatility.

The collapse of the Silicon Valley Bank weighed on market sentiment too.

Overall, equity indices were down on the week:

FTSE 100: - 198.7 (2.5 %).

SPX: - 184.05 (4.55 %).

NASDAQ: - 460.53 (3.75 %).

DJI: - 1,481.33 (4.44 %).

Next week we have more inflation data (Tuesday CPI and Wednesday PPI), I expect more volatility,

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd March 2023

19 Trades:

1 UK 100 + 1 BPS.

18 US 500 - 143 BPS.

15 long trades - 213 BPS.
4 short trade + 71 BPS.
14 intraday trades + 32 BPS.
5 multi-day trades - 174 BPS.

Total trades net  + 142 BPS.
Net points - 59.

Return on account for the week: - 0.42 % net.

P:L ratio: 0.5:1.
Days traded: 4.
Longest trade duration: 28 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a great week, equity markets were volatile again, I missed a very strong rally late on Friday, and also closed some positions which I should have closed earlier.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.