Trading Summary Week 44 2023

       

7 Trades:

7 US 500 + 6 BPS.

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

Total trades net  + 6 BPS.
Net points + 2.60.

Return on account for the week: + 1.51 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 6 min.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets.

 

Biggest event of the week was the interest rate announcement from the Fed on Wednesday evening. 

As expected, the Fed left rates on hold. 

 

Equity markets responded with a very strong rally, and by Thursday's close the SPX was up over 4.7 % since Monday's lows, while the Nasdaq was up over 4.8 %.

I found few decent trade entries using my pre-market strategy, missed the huge rally which began on Wednesday.

Well short of my 2.5 % weekly benchmark.

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

Stay disciplined.
Stay focussed.
Stay humble.