Trading Summary Week 30 2023

    

7 Trades:

7 US 500 + 17 BPS.

7 long trades + 17 BPS.
No short trades.
7 intraday trades + 17 BPS.
No multi-day trades.

Total trades net  + 17 BPS.
Net points + 7.93.

Return on account for the week: + 3.01 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 20 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very challenging week on the equity markets.

On Wednesday, we had another Fed rate announcement, and press conference afterwards.

Markets were very bullish running into the announcement, but sold off after the press conference. This has been the pattern for a while, I think the market has little confidence in Powell.

Scalped a few points but missed some big moves.

Over my 2.5 % weekly benchmark.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 29 2023

    

4 Trades:

4 US 500 + 3 BPS.

4 long trades + 3 BPS.
No short trades.
4 intraday trades + 3 BPS.
No multi-day trades.

Total trades net  + 3 BPS.
Net points + 1.40.

Return on account for the week: + 0.53 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 5 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Pretty much a flat week for me.

Few decent opportunities.

Markets were pretty strong, with the SPX making new highs for 2023, just short of 4600. Same on the NDX, we touched 15,932 on Wednesday.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 28 2023

   

12 Trades:

12 US 500 - 181 BPS.

6 long trades + 320 BPS.
6 short trades - 501 BPS.
4 intraday trades + 41 BPS.
8 multi-day trades  - 222 BPS.

Total trades net  - 181 BPS.
Net points - 78.

Return on account for the week: - 12.03 % net.

P:L ratio: 0.60:1.
Days traded: 3.
Longest trade duration: 18 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a good week for me.

 

Markets rallied after CPI data came out on Wednesday, and PPI on Thursday.

The SPX, Nasdaq and the Dow made new 2023 highs this week.

Took losses on a couple of poor multi - day (short) trades.

Not a disaster, but really not great.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 27 2023

  

15 Trades:

15 US 500 + 338 BPS.

12 long trades + 252 BPS.
2 short trades + 86 BPS.
10 intraday trades + 3 BPS.
5 multi-day trades  + 335 BPS.

Total trades net  + 338 BPS.
Net points + 148.4.

Return on account for the week: + 17.77 % net.

P:L ratio: 7.3:1.
Days traded: 3.
Longest trade duration: 14 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Very challenging trading conditions. A couple of very poor (early) exits. 

Markets were closed for the fourth of July holiday on Tuesday, and Monday was a shortened session. 

We saw a sell off on the indices on Wednesday and Thursday, 

Above my 2.5 % weekly bench mark.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 26 2023

  

9 Trades:

9 US 500 + 47 BPS.

7 long trades + 226 BPS.
2 short trades - 179 BPS.
6 intraday trades + 167 BPS.
3 multi-day trades - 120 BPS.

Total trades net  + 47 BPS.
Net points + 21.52.

Return on account for the week: + 4.04 % net.

P:L ratio: 1.6:1.
Days traded: 5.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not an easy week in the equity markets.

Indices across the pond made a new 2023 high on Friday, with the SPX peaking  above the 4,450 level. The Nasdaq broke above 15,200, having rallied 6.49 % in June. The Nasdaq is now up 38 % since the end of 2022.

I made a couple of poor trades, but still ended the week with a profit.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.