Trading Summary Week 48 2023

          

19 Trades:

19 US 500 + 119 BPS.

17 long trades + 200 BPS.
2 short trades - 81 BPS.
14 intraday trades - 5 BPS.
5 multi-day trades + 124 BPS.

Total trades net  + 119 BPS.
Net points + 53.85.

Return on account for the week: + 6.92 % net.

P:L ratio:2.7:1.
Days traded: 5.
Longest trade duration: 116 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tough week. Markets were pretty range - bound, the SPX trading between 4540 and 4600.

 

I did some research, and for the years 2001 - 2022, week 48 has produced the best average return of the year (1.12 % average, 77% of years positive). 

2023 also produced a positive return, with the SPX closing up 0.77 % at 4594.63.

The Nasdaq and Dow were also positive.

 

The Nasdaq is up 45.78 % for 2023 as of Friday's close, the SPX + 9.19 %, with the Dow almost the same.

Whether the indices will continue to grind higher is the big question.

 

There was a fair bit of volatility. I made some poor trade entries.

 

Above my 2.5 % weekly benchmark for a change.

 

 

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

Stay disciplined.
Stay focussed.
Stay humble.