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.