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.