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.