Trading Summary Week 24 2023

 

6 Trades:

6 US 500 + 9 BPS.

6 long trades + 9 BPS.
No short trades.
6 intraday trades + 9 BPS.
No multi-day trades.

Total trades net  + 9 BPS.
Net points + 4.0.

Return on account for the week: + 2.56 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 18 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

There were no decent entries on Monday or Tuesday, so I was sitting on the sidelines for most of the week.

I scalped just a few points on the SPX, although I really should have run a couple of the long trades, as the market was very bullish.

The main event of the week was the Fed rate announcement on Wednesday evening.

The Fed kept rates the same, as anticipated, but there was plenty of volatility following the statement, and the press conference.

On Thursday, equity markets rallied and the SPX, DJI and Nasdaq all made new highs for 2023. 

The equity markets have had a heck of a run recently, but show little signs of slowing just yet.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.