Trading Summary Week 47 2023

          

6 Trades:

6 US 500 + 5 BPS.

6 long trades + 5 BPS.
No short trades.
6 intraday trades + 5 BPS.
No multi-day trades.

Total trades net  + 5 BPS.
Net points + 2.44.

Return on account for the week: + 2.08 % net.

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

Thoughts

A quiet week, over in the US we had the Thanksgiving holiday, equity markets were closed on Thursday.

 

Very few trades.

 

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 46 2023

         

5 Trades:

5 US 500 + 18 BPS.

4 long trades + 10 BPS.
1 short trade + 8 BPS.
5 intraday trades + 18 BPS.
No multi-day trades.

Total trades net  + 18 BPS.
Net points + 7.87.

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

P:L ratio:N/A.
Days traded: 5.
Longest trade duration: 46 min.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week.

 

We saw a tame CPI number on Tuesday, and the markets took off to the upside.

 

The SPX and Nasdaq were well up over the course of the week.

 

Very difficult trading conditions, some powerful moves.

All pre-market entries, using my gap strategy.

 

Above my 2.5 % weekly benchmark at any rate, although I made a couple of very poor exits, and hence left a lot of money on the table.

 

I am concentrating on my intraday trades these days, that's where I can make the most points.

 

Here is my SPX trading since July 2021:

I'll update this chart and post it here.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 45 2023

        

8 Trades:

8 US 500  -92 BPS.

7 long trades + 2965 BPS.
1 short trade - 388 BPS.
6 intraday trades + 5 BPS.
2 multi-day trades - 97 BPS.

Total trades net  - 92 BPS.
Net points - 37.41.

Return on account for the week: - 6.41 % net.

P:L ratio: 0.7:1.
Days traded: 3.
Longest trade duration: 15 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a great week.

 

Made a small profit intraday, but lost more on swing positions.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 44 2023

       

7 Trades:

7 US 500 + 6 BPS.

7 long trades + 6 BPS.
No short trades.
7 intraday trades + 6 BPS.
No multi-day trades.

Total trades net  + 6 BPS.
Net points + 2.60.

Return on account for the week: + 1.51 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 6 min.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets.

 

Biggest event of the week was the interest rate announcement from the Fed on Wednesday evening. 

As expected, the Fed left rates on hold. 

 

Equity markets responded with a very strong rally, and by Thursday's close the SPX was up over 4.7 % since Monday's lows, while the Nasdaq was up over 4.8 %.

I found few decent trade entries using my pre-market strategy, missed the huge rally which began on Wednesday.

Well short of my 2.5 % weekly benchmark.

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

Stay disciplined.
Stay focussed.
Stay humble.