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.