Trading Summary Week 01 2024

          

24 Trades:

24 US 500 - 50 BPS.

17 long trades - 212 BPS.
7 short trades + 162 BPS.
20 intraday trades + 64 BPS.
4 multi-day trades - 114 BPS.

Total trades net  - 50 BPS.
Net points - 24.13.

Return on account for the week: + 2.48 % net.

P:L ratio: 1.6:1.
Days traded: 4.
Longest trade duration: 1 day.
Shortest trade duration: 1 min.
All PNL expressed in basis points (BPS) for the purpose of comparison.

Thoughts

Markets started 2024 on the back foot.

All the main indices were weaker, the SPX was down 1.52 %, the Nasdaq 3.23 %.

Friday's NFP number produced a lot of volatility on the futures, and I could have traded it better.

 

I made money on my intraday trades, but lost on a couple of overnight positions.

 

The reason I'm showing a profit despite a loss in terms of points is that the intraday trades were much larger that the overnight trades.

 

Below my 2.5 % weekly benchmark.

 

Hoping for more opportunities, and better trading next week.

 

Stay disciplined.
Stay focussed.
Stay humble.