Friday, August 11, 2023

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.

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