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.

 

Trading Summary Week 36 2023

      

18 Trades:

18 US 500 + 61 BPS.

9 long trades - 64 BPS.
9 short trades + 125 BPS.
15 intraday trades + 48 BPS.
3 multi-day trades + 13 BPS.

Total trades net  + 61 BPS.
Net points + 26.90.

Return on account for the week: + 1.91 % net.

P:L ratio: 1.4:1.
Days traded: 4.
Longest trade duration: 2 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A fairly busy week's trading, although Monday was a holiday in the US.

Markets were weaker, with some big falls on the Nasdaq due to weakness in Apple.

We tested the zone above 4510 on Tuesday on the SPX, but it didn't hold.

September is a notoriously poor month for equities.

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 35 2023

     

10 Trades:

10 US 500 + 38 BPS.

9 long trades + 94 BPS.
1 short trades - 56 BPS.
7 intraday trades + 5 BPS.
3 multi-day trades + 33 BPS.

Total trades net  + 38 BPS.
Net points + 17.11.

Return on account for the week: + 1.27 % net.

P:L ratio: 1.4:1.
Days traded: 4.
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's trading.

I missed a couple of very good moves intraday, closing way too soon, I need to scale out more.

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 34 2023

    

13 Trades:

13 US 500 - 115 BPS.

9 long trades - 38 BPS.
4 short trades - 77 BPS.
7 intraday trades - 53 BPS.
6 multi-day trades - 62 BPS.

Total trades net  - 115 BPS.
Net points - 51.1.

Return on account for the week: - 6.47 % net.

P:L ratio: 0.3:1.
Days traded: 4.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week on the equity markets.

We saw a sharp sell off on Thursday late in the day, before a rally back above 4400 on Friday. The Nasdaq was very volatile, with a range of over 300 BPS on Thursday.

Not a great week.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

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.

 

Trading Summary Week 32 2023

     

22 Trades:

22 US 500 + 159 BPS.

21 long trades + 46 BPS.
1 short trades + 113 BPS.
20 intraday trades + 21 BPS.
2 multi-day trades + 138 BPS.

Total trades net  + 159 BPS.
Net points + 72.22.

Return on account for the week: + 8.99 % net.

P:L ratio: 183.1:1.
Days traded: 4.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week on the equity markets.

Quite a volatile week, although I made few trades, and missed a few good entries. 

We had the CPI data out in the US on Thursday. Initially the indices popped on the news, but then retraced a fair bit. Then we had PPI out on Friday, which spooked the pre-market futures a little.

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, not me that's for sure.

North of my 2.5 % weekly benchmark.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 31 2023

    

26 Trades:

26 US 500 + 268 BPS.

22 long trades + 166 BPS.
4 short trades + 102 BPS.
22 intraday trades + 32 BPS.
4 multi-day trades +236 BPS.

Total trades net  + 268 BPS.
Net points + 119.13.

Return on account for the week: + 18.53 % net.

P:L ratio: 2.8:1.
Days traded: 5.
Longest trade duration: 30 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Still here, still trading the equity markets.

We saw plenty of volatility after the US credit rating was downgraded on Tuesday.

Equity markets fell after the downgrade, the Nasdaq was especially weak.

Then we had results from Amazon and Apple after the close on Thursday, and that seemed to bring out the bulls, before payrolls on Friday, after which we saw another bout of strength. 

Overall, the SPX was down 104.2 points, or 2.27 % on the week.

Difficult trading, and left lots of profits on the table, and some poor entries (not being patient enough).

Still, north of my 2.5 % weekly benchmark, which is always a good thing.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 30 2023

    

7 Trades:

7 US 500 + 17 BPS.

7 long trades + 17 BPS.
No short trades.
7 intraday trades + 17 BPS.
No multi-day trades.

Total trades net  + 17 BPS.
Net points + 7.93.

Return on account for the week: + 3.01 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 20 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very challenging week on the equity markets.

On Wednesday, we had another Fed rate announcement, and press conference afterwards.

Markets were very bullish running into the announcement, but sold off after the press conference. This has been the pattern for a while, I think the market has little confidence in Powell.

Scalped a few points but missed some big moves.

Over my 2.5 % weekly benchmark.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 29 2023

    

4 Trades:

4 US 500 + 3 BPS.

4 long trades + 3 BPS.
No short trades.
4 intraday trades + 3 BPS.
No multi-day trades.

Total trades net  + 3 BPS.
Net points + 1.40.

Return on account for the week: + 0.53 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 5 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Pretty much a flat week for me.

Few decent opportunities.

Markets were pretty strong, with the SPX making new highs for 2023, just short of 4600. Same on the NDX, we touched 15,932 on Wednesday.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 28 2023

   

12 Trades:

12 US 500 - 181 BPS.

6 long trades + 320 BPS.
6 short trades - 501 BPS.
4 intraday trades + 41 BPS.
8 multi-day trades  - 222 BPS.

Total trades net  - 181 BPS.
Net points - 78.

Return on account for the week: - 12.03 % net.

P:L ratio: 0.60:1.
Days traded: 3.
Longest trade duration: 18 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a good week for me.

 

Markets rallied after CPI data came out on Wednesday, and PPI on Thursday.

The SPX, Nasdaq and the Dow made new 2023 highs this week.

Took losses on a couple of poor multi - day (short) trades.

Not a disaster, but really not great.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 27 2023

  

15 Trades:

15 US 500 + 338 BPS.

12 long trades + 252 BPS.
2 short trades + 86 BPS.
10 intraday trades + 3 BPS.
5 multi-day trades  + 335 BPS.

Total trades net  + 338 BPS.
Net points + 148.4.

Return on account for the week: + 17.77 % net.

P:L ratio: 7.3:1.
Days traded: 3.
Longest trade duration: 14 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Very challenging trading conditions. A couple of very poor (early) exits. 

Markets were closed for the fourth of July holiday on Tuesday, and Monday was a shortened session. 

We saw a sell off on the indices on Wednesday and Thursday, 

Above my 2.5 % weekly bench mark.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 26 2023

  

9 Trades:

9 US 500 + 47 BPS.

7 long trades + 226 BPS.
2 short trades - 179 BPS.
6 intraday trades + 167 BPS.
3 multi-day trades - 120 BPS.

Total trades net  + 47 BPS.
Net points + 21.52.

Return on account for the week: + 4.04 % net.

P:L ratio: 1.6:1.
Days traded: 5.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not an easy week in the equity markets.

Indices across the pond made a new 2023 high on Friday, with the SPX peaking  above the 4,450 level. The Nasdaq broke above 15,200, having rallied 6.49 % in June. The Nasdaq is now up 38 % since the end of 2022.

I made a couple of poor trades, but still ended the week with a profit.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 25 2023

  

24 Trades:

24 US 500 + 92 BPS.

19 long trades + 18 BPS.
5 short trades + 74 BPS.
22 intraday trades + 49 BPS.
2 multi-day trades + 43 BPS.

Total trades net  + 92 BPS.
Net points + 40.13.

Return on account for the week: + 10.38 % net.

P:L ratio: 143.9:1.
Days traded: 5.
Longest trade duration: 149 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tricky week's trading.

Indices across the pond pulled back after the holiday on Monday, with the SPX stalling above the 4,400 level.

Later in the week markets declined further.

I'm not sure where we go from here, maybe we will test the May lows (just above 4100 on the SPX), I guess it depends on how much more tightening the Fed is going to do.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 24 2023

 

6 Trades:

6 US 500 + 9 BPS.

6 long trades + 9 BPS.
No short trades.
6 intraday trades + 9 BPS.
No multi-day trades.

Total trades net  + 9 BPS.
Net points + 4.0.

Return on account for the week: + 2.56 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 18 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

There were no decent entries on Monday or Tuesday, so I was sitting on the sidelines for most of the week.

I scalped just a few points on the SPX, although I really should have run a couple of the long trades, as the market was very bullish.

The main event of the week was the Fed rate announcement on Wednesday evening.

The Fed kept rates the same, as anticipated, but there was plenty of volatility following the statement, and the press conference.

On Thursday, equity markets rallied and the SPX, DJI and Nasdaq all made new highs for 2023. 

The equity markets have had a heck of a run recently, but show little signs of slowing just yet.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 23 2023

 

9 Trades:

9 US 500 + 12 BPS.

9 long trades + 12 BPS.
No short trades.
9 intraday trades + 12 BPS.
No multi-day trades.

Total trades net  + 12 BPS.
Net points + 5.3.

Return on account for the week: + 2.52 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 40 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

Markets took a dip midweek, but rallied into Friday, making a new high on the SPX for 2023.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 22 2023

 

3 Trades:

3 US 500 + 5 BPS.

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

Total trades net  + 5 BPS.
Net points + 1.9.

Return on account for the week: + 0.86 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 124 min.
Shortest trade duration: 4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A pretty much nothing week on the equity markets.

I was busy with other matters, and when I was at my desk, opportunities were few and far between.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.