Trading Summary Week 50 2023

          

14 Trades:

3 UK 100 + 10 BPS.

11 US 500 + 537 BPS.

11 long trades + 1,069 BPS.
2 short trades - 522 BPS.
7 intraday trades + 16 BPS.
7 multi-day trades + 531 BPS.

Total trades net  + 547 BPS.
Net points + 254.96.

Return on account for the week: + 10.20 % net.

P:L ratio: 1.2:1.
Days traded: 4.
Longest trade duration: 135 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week.

We had a lot of data this week, CPI Tuesdsay, PPI Wednesday and of course FOMC Wednesday.

We also had rollover / expiry on the December futures on the indices.

US markets were sharply higher after the US Fed kept rates on hold, as did the BoE and ECB.

Markets seems to interpret Powell's press conference comments very favourably (ie - rates have peaked).

Pretty volatile markets, the Dow made a new all time high after the Fed announcement, the SPX still off the highs from 2021, the Nasdaq get very near the all time high.

 

Here is the SPX showing the strength post FOMC:

 

 

Above my 2.5 % weekly benchmark.

Hoping for more opportunities, and better trading next week.

 

Stay disciplined.
Stay focussed.
Stay humble.