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.