Trading Summary Week 34 2023

    

13 Trades:

13 US 500 - 115 BPS.

9 long trades - 38 BPS.
4 short trades - 77 BPS.
7 intraday trades - 53 BPS.
6 multi-day trades - 62 BPS.

Total trades net  - 115 BPS.
Net points - 51.1.

Return on account for the week: - 6.47 % net.

P:L ratio: 0.3:1.
Days traded: 4.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week on the equity markets.

We saw a sharp sell off on Thursday late in the day, before a rally back above 4400 on Friday. The Nasdaq was very volatile, with a range of over 300 BPS on Thursday.

Not a great week.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 33 2023

     

35 Trades:

35 US 500 + 176 BPS.

20 long trades - 386 BPS.
15 short trades + 562 BPS.
25 intraday trades + 66 BPS.
10 multi-day trades + 110 BPS.

Total trades net  + 176 BPS.
Net points + 78.

Return on account for the week: + 3.44 % net.

P:L ratio: 1.1:1.
Days traded: 5.
Longest trade duration: 39 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets.

Quite busy, equities were weak, with the SPX down over 90 points, the NDX down over 330 points and the FTSE down over 260.

The resources stocks were weak, after more poor data from China.

I said this last week: 'we seem to be stuck in a range on the SPX, between 4440 and 4540. Maybe we'll break this range next week, who knows...'

Well on Friday, we did break below 4440, but only for a minute at the open, then the bulls moved in and the index closed the day more or less flat.  

Above my 2.5 % weekly benchmark.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 32 2023

     

22 Trades:

22 US 500 + 159 BPS.

21 long trades + 46 BPS.
1 short trades + 113 BPS.
20 intraday trades + 21 BPS.
2 multi-day trades + 138 BPS.

Total trades net  + 159 BPS.
Net points + 72.22.

Return on account for the week: + 8.99 % net.

P:L ratio: 183.1:1.
Days traded: 4.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week on the equity markets.

Quite a volatile week, although I made few trades, and missed a few good entries. 

We had the CPI data out in the US on Thursday. Initially the indices popped on the news, but then retraced a fair bit. Then we had PPI out on Friday, which spooked the pre-market futures a little.

We seem to be stuck in a range on the SPX, between 4440 and 4540. Maybe we'll break this range next week, who knows, not me that's for sure.

North of my 2.5 % weekly benchmark.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 31 2023

    

26 Trades:

26 US 500 + 268 BPS.

22 long trades + 166 BPS.
4 short trades + 102 BPS.
22 intraday trades + 32 BPS.
4 multi-day trades +236 BPS.

Total trades net  + 268 BPS.
Net points + 119.13.

Return on account for the week: + 18.53 % net.

P:L ratio: 2.8:1.
Days traded: 5.
Longest trade duration: 30 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Still here, still trading the equity markets.

We saw plenty of volatility after the US credit rating was downgraded on Tuesday.

Equity markets fell after the downgrade, the Nasdaq was especially weak.

Then we had results from Amazon and Apple after the close on Thursday, and that seemed to bring out the bulls, before payrolls on Friday, after which we saw another bout of strength. 

Overall, the SPX was down 104.2 points, or 2.27 % on the week.

Difficult trading, and left lots of profits on the table, and some poor entries (not being patient enough).

Still, north of my 2.5 % weekly benchmark, which is always a good thing.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.