Trading Summary Week 46 2023

         

5 Trades:

5 US 500 + 18 BPS.

4 long trades + 10 BPS.
1 short trade + 8 BPS.
5 intraday trades + 18 BPS.
No multi-day trades.

Total trades net  + 18 BPS.
Net points + 7.87.

Return on account for the week: + 3.97 % net.

P:L ratio:N/A.
Days traded: 5.
Longest trade duration: 46 min.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week.

 

We saw a tame CPI number on Tuesday, and the markets took off to the upside.

 

The SPX and Nasdaq were well up over the course of the week.

 

Very difficult trading conditions, some powerful moves.

All pre-market entries, using my gap strategy.

 

Above my 2.5 % weekly benchmark at any rate, although I made a couple of very poor exits, and hence left a lot of money on the table.

 

I am concentrating on my intraday trades these days, that's where I can make the most points.

 

Here is my SPX trading since July 2021:

I'll update this chart and post it here.

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.