Trading Summary Week 30 2023

    

7 Trades:

7 US 500 + 17 BPS.

7 long trades + 17 BPS.
No short trades.
7 intraday trades + 17 BPS.
No multi-day trades.

Total trades net  + 17 BPS.
Net points + 7.93.

Return on account for the week: + 3.01 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 20 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very challenging week on the equity markets.

On Wednesday, we had another Fed rate announcement, and press conference afterwards.

Markets were very bullish running into the announcement, but sold off after the press conference. This has been the pattern for a while, I think the market has little confidence in Powell.

Scalped a few points but missed some big moves.

Over my 2.5 % weekly benchmark.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 29 2023

    

4 Trades:

4 US 500 + 3 BPS.

4 long trades + 3 BPS.
No short trades.
4 intraday trades + 3 BPS.
No multi-day trades.

Total trades net  + 3 BPS.
Net points + 1.40.

Return on account for the week: + 0.53 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 5 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Pretty much a flat week for me.

Few decent opportunities.

Markets were pretty strong, with the SPX making new highs for 2023, just short of 4600. Same on the NDX, we touched 15,932 on Wednesday.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 28 2023

   

12 Trades:

12 US 500 - 181 BPS.

6 long trades + 320 BPS.
6 short trades - 501 BPS.
4 intraday trades + 41 BPS.
8 multi-day trades  - 222 BPS.

Total trades net  - 181 BPS.
Net points - 78.

Return on account for the week: - 12.03 % net.

P:L ratio: 0.60:1.
Days traded: 3.
Longest trade duration: 18 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a good week for me.

 

Markets rallied after CPI data came out on Wednesday, and PPI on Thursday.

The SPX, Nasdaq and the Dow made new 2023 highs this week.

Took losses on a couple of poor multi - day (short) trades.

Not a disaster, but really not great.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 27 2023

  

15 Trades:

15 US 500 + 338 BPS.

12 long trades + 252 BPS.
2 short trades + 86 BPS.
10 intraday trades + 3 BPS.
5 multi-day trades  + 335 BPS.

Total trades net  + 338 BPS.
Net points + 148.4.

Return on account for the week: + 17.77 % net.

P:L ratio: 7.3:1.
Days traded: 3.
Longest trade duration: 14 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Very challenging trading conditions. A couple of very poor (early) exits. 

Markets were closed for the fourth of July holiday on Tuesday, and Monday was a shortened session. 

We saw a sell off on the indices on Wednesday and Thursday, 

Above my 2.5 % weekly bench mark.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 26 2023

  

9 Trades:

9 US 500 + 47 BPS.

7 long trades + 226 BPS.
2 short trades - 179 BPS.
6 intraday trades + 167 BPS.
3 multi-day trades - 120 BPS.

Total trades net  + 47 BPS.
Net points + 21.52.

Return on account for the week: + 4.04 % net.

P:L ratio: 1.6:1.
Days traded: 5.
Longest trade duration: 9 days.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not an easy week in the equity markets.

Indices across the pond made a new 2023 high on Friday, with the SPX peaking  above the 4,450 level. The Nasdaq broke above 15,200, having rallied 6.49 % in June. The Nasdaq is now up 38 % since the end of 2022.

I made a couple of poor trades, but still ended the week with a profit.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 25 2023

  

24 Trades:

24 US 500 + 92 BPS.

19 long trades + 18 BPS.
5 short trades + 74 BPS.
22 intraday trades + 49 BPS.
2 multi-day trades + 43 BPS.

Total trades net  + 92 BPS.
Net points + 40.13.

Return on account for the week: + 10.38 % net.

P:L ratio: 143.9:1.
Days traded: 5.
Longest trade duration: 149 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tricky week's trading.

Indices across the pond pulled back after the holiday on Monday, with the SPX stalling above the 4,400 level.

Later in the week markets declined further.

I'm not sure where we go from here, maybe we will test the May lows (just above 4100 on the SPX), I guess it depends on how much more tightening the Fed is going to do.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 24 2023

 

6 Trades:

6 US 500 + 9 BPS.

6 long trades + 9 BPS.
No short trades.
6 intraday trades + 9 BPS.
No multi-day trades.

Total trades net  + 9 BPS.
Net points + 4.0.

Return on account for the week: + 2.56 % net.

P:L ratio: N/A.
Days traded: 3.
Longest trade duration: 18 min.
Shortest trade duration: <1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

There were no decent entries on Monday or Tuesday, so I was sitting on the sidelines for most of the week.

I scalped just a few points on the SPX, although I really should have run a couple of the long trades, as the market was very bullish.

The main event of the week was the Fed rate announcement on Wednesday evening.

The Fed kept rates the same, as anticipated, but there was plenty of volatility following the statement, and the press conference.

On Thursday, equity markets rallied and the SPX, DJI and Nasdaq all made new highs for 2023. 

The equity markets have had a heck of a run recently, but show little signs of slowing just yet.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 23 2023

 

9 Trades:

9 US 500 + 12 BPS.

9 long trades + 12 BPS.
No short trades.
9 intraday trades + 12 BPS.
No multi-day trades.

Total trades net  + 12 BPS.
Net points + 5.3.

Return on account for the week: + 2.52 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 40 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

Markets took a dip midweek, but rallied into Friday, making a new high on the SPX for 2023.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week 22 2023

 

3 Trades:

3 US 500 + 5 BPS.

3 long trades + 5 BPS.
No short trades.
3 intraday trades + 5 BPS.
No multi-day trades.

Total trades net  + 5 BPS.
Net points + 1.9.

Return on account for the week: + 0.86 % net.

P:L ratio: N/A.
Days traded: 2.
Longest trade duration: 124 min.
Shortest trade duration: 4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A pretty much nothing week on the equity markets.

I was busy with other matters, and when I was at my desk, opportunities were few and far between.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week 21 2023

 

17 Trades:

17 US 500 + 26 BPS.

17 long trades + 26 BPS.
No short trades.
17 intraday trades + 26 BPS.
No multi-day trades.

Total trades net  + 26 BPS.
Net points + 10.7.

Return on account for the week: + 3.65 % net.

P:L ratio: N/A.
Days traded: 5.
Longest trade duration: 118 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A reasonable week for me on the equity markets.

I was mainly trading the pre-market, using the implied gap strategy I've mentioned here before. I still need to run profitable trades longer though.

Above my 2.5% weekly bench mark, but I still have plenty of room for improvement. 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 19th May 2023 (Week 20)

 

11 Trades:

11 US 500 + 13 BPS.

11 long trades + 38 BPS.
No short trades.
11 intraday trades + 13 BPS.
No multi-day trades.

Total trades net  + 13 BPS.
Net points + 5.6.

Return on account for the week: + 1.94 % net.

P:L ratio: N/A.
Days traded: 5.
Longest trade duration: 17 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A challenging week on the equity markets.

I made a few points, but failed to run a couple of good trades.

I was just scalping the SPX 500.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 12th May 2023 (Week 19)

 

9 Trades:

9 US 500 - 3 BPS.

8 long trades - 20 BPS.
1 short trade + 17 BPS.
8 intraday trades + 14 BPS.
1 multi-day trade - 17 BPS.

Total trades net  - 3 BPS.
Net points - 1.1.

Return on account for the week: - 0.4 % net.

P:L ratio: 0.93:1.
Days traded: 5.
Longest trade duration: 21 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Not a great week for me.

 

Hoping for more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week Ended 5th May 2023 (Week 18)

 

15 Trades:

15 US 500 + 38 BPS.

12 long trades + 38 BPS.
No short trades.
12 intraday trades + 38 BPS.
No multi-day trades.

Total trades net  + 38 BPS.
Net points + 15.7.

Return on account for the week: + 5.76 % net.

P:L ratio: N/A.
Days traded: 5.
Longest trade duration: 31 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very volatile week on the equity markets.

The main event was the Fed rate announcement.

Rates were raised, as expected.

I was just scalping the SPX 500.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week Ended 28th April 2023 (Week 17)

 

12 Trades:

12 US 500 + 40 BPS.

12 long trades + 40 BPS.
No short trades.
12 intraday trades + 40 BPS.
No multi-day trades.

Total trades net  + 40 BPS.
Net points + 16.5.

Return on account for the week: + 6.44 % net.

P:L ratio: N/A.
Days traded: 5.
Longest trade duration: 38 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week on the equity markets.

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

 

Trading Summary Week Ended 21st April 2023 (Week 16)

 

17 Trades:

2 UK 100 - 933 BPS.

15 US 500 + 58 BPS.

17 long trades + 69 BPS.
1 short trades - 944 BPS.
14 intraday trades + 28 BPS.
3 multi-day trades - 903 BPS.

Total trades net  - 875 BPS.
Net points - 649.5.

Return on account for the week: - 1.17 % net.

P:L ratio: 0.4:1.
Days traded: 5.
Longest trade duration: 32 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Yet another very poor week for me.

I took losses on a position on the FTSE. Really poor trade management.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 14th April 2023 (Week 15)

5 Trades:

1 UK 100 + 89 BPS.

4 US 500 - 638 BPS.

3 long trades - 209 BPS.
2 short trade - 1,308 BPS.
1 intraday trade + 5 BPS.
2 multi-day trades - 1,522 BPS.

Total trades net  - 1,517 BPS.
Net points - 537.4.

Return on account for the week: - 4.26 % net.

P:L ratio: 0.2:1.
Days traded: 3.
Longest trade duration: 240 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very poor week for me.

I took losses on a few positions on the SPX.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th April 2023 (Week 14)

 

3 Trades:

3 US 500 - 638 BPS.

2 long trades - 136 BPS.
1 short trade - 502 BPS.
1 intraday trade + 2 BPS.
2 multi-day trades - 640 BPS.

Total trades net  - 638 BPS.
Net points - 251.4.

Return on account for the week: - 3.10 % net.

P:L ratio: 0.2:1.
Days traded: 2.
Longest trade duration: 48 days.
Shortest trade duration: 4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a good week.

I took losses on the SPX.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 31st March 2023 (Week 13)

 

(I've been busy and haven't updated this blog for a few weeks..)

5 Trades:

5 US 500 + 5 BPS.

5 long trades + 5 BPS.
No short trades.
5 intraday trades + 5 BPS.
No multi-day trades.

Total trades net  + 5 BPS.
Net points + 2.

Return on account for the week: + 0.02 % net.

P:L ratio: 6.2:1.
Days traded: 2.
Longest trade duration: 36 min.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A bit of nothing week.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th March 2023 (Week 12)

10 Trades:

1 UK 100 + 141 BPS.

9 US 500 - 583 BPS.

8 long trades - 350 BPS.
2 short trade - 92 BPS.
7 intraday trades + 26 BPS.
3 multi-day trades - 468 BPS.

Total trades net  - 422 BPS.
Net points - 132.5.

Return on account for the week: - 1.65 % net.

P:L ratio: 0.45:1.
Days traded: 5.
Longest trade duration: 33 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week in the equity markets.

I took losses on the SPX. A pair of poor trades, not a great week for me.

We had the Fed rate announcement, plus 25 BPS as expected, and markets initially headed higher, until Powell started speaking.

 

Over the week, the SPX was actually positive, + 1.39 %, as was the Nasdaq and the FTSE.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th March 2023

 

39 Trades:

23 UK 100 + 499 BPS.

16 US 500 - 1,597 BPS.

12 long trades - 1,613 BPS.
27 short trade + 515 BPS.
28 intraday trades - 44 BPS.
11 multi-day trades - 1,054 BPS.

Total trades net  - 1,098 BPS.
Net points - 262.6.

Return on account for the week: - 2.25 % net.

P:L ratio: 0.69:1.
Days traded: 5.
Longest trade duration: 69 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very volatile week in the equity markets.

I took losses on both the FTSE and the SPX. Really poor trades, held too long. Not a good week at all.

The FTSE closed at 7335.4. The index has now lost all the gains it has made this year, and it it just 21 trading days since it made an all time high (8047.06).

 

Next week we the Fed rate announcement, which will no doubt have a big effect on the markets.

 

Hoping for more opportunities, and better results next week.

Stay disciplined.
Stay focussed.
Stay humble.