Trading Summary Week 43 2023

       

37 Trades:

37 US 500 + 539 BPS.

18 long trades - 495 BPS.
18 short trades + 1,034 BPS.
27 intraday trades + 240 BPS.
10 multi-day trades + 299 BPS.

Total trades net  + 539 BPS.
Net points + 228.

Return on account for the week: + 14.4 % net.

P:L ratio: 1.7:1.
Days traded: 4.
Longest trade duration: 20 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very volatile week on the equity markets.

 

The Nasdaq took a big hit after earnings from Google, Meta, Microsoft.

On Wednesday the US markets were pretty weak, with the Nasdaq dropping nearly 2.5%, the SPX 1.43 %. The SPX broke below 4200, and then on Thursday we saw the index test the 4120s. The index closed the week at 4117.37, down over 2.5% on the week, the Nasdaq was down 2.61 % and the Dow was down 2.1 %. All pretty ugly.

Difficult trading conditions, I made $$ on the short side, lost on the long side (not intraday). Made some poor trades.

 

Have we seen the October lows ? Not sure, the Nasdaq is well off the highs of the summer, but it's still up nearly 30% from the end of 2022.

North of  my 2.5 % weekly benchmark.

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

Stay disciplined.
Stay focussed.
Stay humble.