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.