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.