Trading Summary Week 49 2023

          

15 Trades:

15 US 500 + 26 BPS.

13 long trades - 13 BPS.
2 short trades + 39 BPS.
11 intraday trades + 16 BPS.
4 multi-day trades + 10 BPS.

Total trades net  + 26 BPS.
Net points + 11.90.

Return on account for the week: + 2.11 % net.

P:L ratio: 1.9:1.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A poor week's trading really, given the number of opportunities.

There was a fair bit of volatility. On Friday we got US employment data, which is always released pre-market, and that caused a big move in the futures (I caught a small part of it).

 

Overall, the equities markets were firmer, with the SPX closing the week above 4,600, and the Nasdaq above 16,800, and the Dow pretty much flat..

  

I made some poor trade entries and exits this week. 

 

On Wednesday I traded the market in the evening (for me, I'm on CET, so the US markets trade from 15:30 - 22:00). 

I traded it poorly, I know I should not trade the later part of the day, my stats show that I should stick to my pre-market trading strategy on the US indices.

 

I have now got a note next to my screen, 'NO RTH TRADING' *. 

 

Basically, identify what works and what doesn't. Then do more of the former, and none of the latter.

 

Well short of my 2.5 % weekly benchmark.

Hoping for more opportunities, and better trading next week.

 

 

(* RTH = Regular Trading Hours.)

Stay disciplined.
Stay focussed.
Stay humble.