Trading Summary Week 43 2023

       

37 Trades:

37 US 500 + 539 BPS.

18 long trades - 495 BPS.
18 short trades + 1,034 BPS.
27 intraday trades + 240 BPS.
10 multi-day trades + 299 BPS.

Total trades net  + 539 BPS.
Net points + 228.

Return on account for the week: + 14.4 % net.

P:L ratio: 1.7:1.
Days traded: 4.
Longest trade duration: 20 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very volatile week on the equity markets.

 

The Nasdaq took a big hit after earnings from Google, Meta, Microsoft.

On Wednesday the US markets were pretty weak, with the Nasdaq dropping nearly 2.5%, the SPX 1.43 %. The SPX broke below 4200, and then on Thursday we saw the index test the 4120s. The index closed the week at 4117.37, down over 2.5% on the week, the Nasdaq was down 2.61 % and the Dow was down 2.1 %. All pretty ugly.

Difficult trading conditions, I made $$ on the short side, lost on the long side (not intraday). Made some poor trades.

 

Have we seen the October lows ? Not sure, the Nasdaq is well off the highs of the summer, but it's still up nearly 30% from the end of 2022.

North of  my 2.5 % weekly benchmark.

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 42 2023

       

13 Trades:

13 US 500 + 19 BPS.

13 long trades + 19 BPS.
No short trades.
13 intraday trades + 19 BPS.
No multi-day trades.

Total trades net  + 19 BPS.
Net points + 8.20.

Return on account for the week: + 3.97 % net.

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

Thoughts

A better week. 

Equity markets were pretty weak, the SPX breaking below the 4300 level, the Fed chair was speaking on Thursday, and he seems to have a very negative effect on equities.

 

Not a huge number of opportunities, I made a couple of poor trades, notably closing a great long position on Thursday morning way too early. I'm still sticking to my pre-market SPX strategy, which has shown good results over the last few months. It does mean I trade less, but that's actually a good thing. And I'm done pretty early in the day.

 

Above my 2.5 % weekly benchmark for a change.

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 41 2023

       

10 Trades:

10 US 500 - 113 BPS.

8 long trades - 250 BPS.
2 short trades + 137 BPS.
6 intraday trades + 18 BPS.
4 multi-day trades - 131 BPS.

Total trades net  - 113 BPS.
Net points + 51.90.

Return on account for the week: - 9.66 % net.

P:L ratio: 0.6:1.
Days traded: 3.
Longest trade duration: 28 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A pretty poor week. Intraday was OK, but some swing trades cost me dearly.

 

Well south of my weekly benchmark.

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 40 2023

      

23 Trades:

23 US 500 + 342 BPS.

14 long trades - 550 BPS.
9 short trades + 892 BPS.
14 intraday trades + 62 BPS.
9 multi-day trades + 280 BPS.

Total trades net  + 342 BPS.
Net points + 149.40.

Return on account for the week: + 7.25 % net.

P:L ratio: 1.3:1.
Days traded: 4.
Longest trade duration: 47 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Quite an active week on the equity markets. We saw plenty of volatility, the SPX tradedbelow 4300 for most of the week, then we had payrolls on Friday, and a surprise number had the futures falling pre-market, but the index then broke above 4300, giving a mosdest gain of 20.45 points over the week. The Nasdaq was also up 258 points, although the DJI was down, having go negative for the year during midweek.

 

So, have we seen the October lows ? I don't know.

Above my 2.5 % weekly benchmark at any rate, although I closed a long on Friday, which would have given me another 70 points if I'd run it into the late rally. Hey ho..

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 39 2023

      

11 Trades:

11 US 500 + 253 BPS.

7 long trades - 22 BPS.
4 short trades + 275 BPS.
8 intraday trades + 4 BPS.
3 multi-day trades + 249 BPS.

Total trades net  + 253 BPS.
Net points + 110.68.

Return on account for the week: + 8.67 % net.

P:L ratio: 6.7:1.
Days traded: 4.
Longest trade duration: 42 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week's trading.

Above my 2.5 % weekly benchmark for a change.

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 38 2023

    

13 Trades:

13 US 500 - 103 BPS.

11 long trades - 349 BPS.
2 short trades + 246 BPS.
10 intraday trades + 19 BPS.
3 multi-day trades - 122 BPS.

Total trades net  - 103 BPS.
Net points - 47.98.

Return on account for the week: - 7.68 % net.

P:L ratio: 0.7:1.
Days traded: 5.
Longest trade duration: 7 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another poor week.

Well short of my 2.5 % weekly benchmark.

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 37 2023

16 Trades:

16 US 500 - 580 BPS.

11 long trades - 195 BPS.
5 short trades - 385 BPS.
10 intraday trades + 15 BPS.
2 multi-day trades - 565 BPS.

Total trades net  - 580 BPS.
Net points - 255.58.

Return on account for the week: - 36.11 % net.

P:L ratio: 0.1:1.
Days traded: 5.
Longest trade duration: 81 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.

We had CPI data on Wednesday, then PPI on Thursday.

Took a hefty loss.

Hoping for more opportunities, and better trade executions next week.

Stay disciplined.
Stay focussed.
Stay humble.