Trading Summary Week Ended 9th December 2022 18 Trades: 18 US 500 + 32 BPS. 17 long trades + 36 BPS. 1 short trade - 4 BPS. 16 intraday trades + 62 BPS. 2 multi-day trades - 30 BPS. Total trades net + 32 BPS. Net points + 12.5. Return on account for the week + 0.26 % net. P:L ratio 3.7:1. Days traded: 5. Longest trade duration: 19 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A very challenging week on the equity markets. The US markets were fairly weak, with the SPX struggling to hold above the 4,000 level early in the week, and testing the low 3,900 levels on Tuesday. Hoping for more opportunities, and better results next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 16th December 2022 24 Trades: 24 US 500 + 107 BPS. 18 long trades - 470 BPS. 6 short trade + 577 BPS. 20 intraday trades + 160 BPS. 4 multi-day trades - 53 BPS. Total trades net + 107 BPS. Net points + 42.1. Return on account for the week + 0.55 % net. P:L ratio 1.3:1. 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 Another very challenging week on the equity markets. The main event was the CPI data release on Tuesday, which came in a bit lower than expected, leading to huge rally on the futures, which was pretty short-lived. The ES futures hit 4,140 after the data release, but the high on the cash market after the open was just 4,100.96. Obviously a lot of short positions got stopped out on that move. We then had the Fed rate announcement on Wednesday evening, and as expected, the Fed raised the rate by 50 BPS. There was quite a bit of volatility following the rate announcement, and the press conference. On Thursday and Friday the equity markets dropped quite a bit, the SPX testing the 3,830s on Friday. It seems the markets didn't like the Fed's hawkish comments, the ECB and the Bank of England also raised rates on Thursday, which probably didn't help sentiment. Tricky trading conditions, well below my 2.5 % weekly benchmark. I should have traded more on the short side. Hoping for more opportunities, and better results next week. Stay disciplined. Stay focussed. Stay humble.
I haven't updated this journal for a few weeks, so I'm doing so now... Trading Summary Week Ended 23rd December 2022 11 Trades: 11 US 500 - 2,573 BPS. 6 long trades - -2,371 BPS. 5 short trade - 202 BPS. 2 intraday trades - 263 BPS. 9 multi-day trades - 2,310 BPS. Total trades net - 2,573 BPS. Net points - 1.021. Return on account for the week - 8.9 % net. P:L ratio 0.12:1. Days traded: 5. Longest trade duration: 101 days Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A pretty dire week. Hoping for better results next week. Trading Summary Week Ended 30th December 2022 10 Trades: 10 US 500 - 1,931 BPS. 9 long trades -1,051 BPS. 1 short trade - 880 BPS. 8 intraday trades + 22 BPS. 2 multi-day trades - 1,953 BPS. Total trades net - 1,931 BPS. Net points - 761. Return on account for the week - 6.75 % net. P:L ratio 0.01:1. Days traded: 5. Longest trade duration: 135 days Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A very poor week, closed 2 trades (1 long, 1 short) which I held much too long. Hoping for more opportunities, and better results next week. Trading Summary Week Ended 6th January 2023 11 Trades: 11 US 500 + 154 BPS. 5 long trades + 137 BPS. 6 short trade + 17 BPS. 9 intraday trades + 33 BPS. 2 multi-day trades + 121 BPS. Total trades net + 154 BPS. Net points + 57.3 Return on account for the week + 0.58 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 1 day. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A modest start to 2023 on the equity markets. Hoping for more opportunities, and better results next week. Trading Summary Week Ended 13th January 2023 11 Trades: 11 US 500 + 169 BPS. 11 long trades + 169 BPS. 0 short trades. 10 intraday trades + 30 BPS. 1 multi-day trades + 139 BPS. Total trades net + 169 BPS. Net points + 57.3 Return on account for the week + 0.71 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 1 day. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A modestly profitable week. Hoping for more opportunities, and better results next week. Trading Summary Week Ended 20th January 2023 19 Trades: 1 UK 100 + 1 BPS. 18 US 500 + 65 BPS. 17 long trades + 52 BPS. 2 short trade + 14 BPS. 17 intraday trades + 60 BPS. 2 multi-day trades + 6 BPS. Total trades net + 66 BPS. Net points + 25.8 Return on account for the week + 0.33 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 4 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A small profit this week. Hoping for more opportunities, and better results next week.
Trading Summary Week Ended 24th February 2023 (Week 08) 32 Trades: 1 UK 100 + 1 BPS. 31 US 500 + 117 BPS. 20 long trades - 75 BPS. 6 short trades + 193 BPS. 29 intraday trades + 140 BPS. 3 multi-day trades - 22 BPS. Total trades net + 118 BPS. Net points + 47.5 Return on account for the week + 0.71 % net. P:L ratio 2.7:1. Days traded: 5. Longest trade duration: 4 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts I'm finally getting this journal up to date. A smallish profit, but I left a lot of money on the table. US markets were pretty week, with the SPX breaking below 4,000 again. The index closed the week at 3,970, which is over 100 points lower than the close last Friday, and 2.61 % down so far in February. The Nasdaq and Dow were weaker too. Still well below my 2.5 % weekly benchmark. Hoping for more opportunities, and better results next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 3rd March 2023 19 Trades: 1 UK 100 + 1 BPS. 18 US 500 - 143 BPS. 15 long trades - 213 BPS. 4 short trade + 71 BPS. 14 intraday trades + 32 BPS. 5 multi-day trades - 174 BPS. Total trades net + 142 BPS. Net points - 59. Return on account for the week: - 0.42 % net. P:L ratio: 0.5:1. Days traded: 4. Longest trade duration: 28 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Not a great week, equity markets were volatile again, I missed a very strong rally late on Friday, and also closed some positions which I should have closed earlier. Hoping for more opportunities, and better results next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 10th March 2023 (Week 10) 43 Trades: 3 UK + 29 BPS. 40 US 500 + 328 BPS. 25 long trades - 813 BPS. 18 short trade + 1,170 BPS. 33 intraday trades + 159 BPS. 10 multi-day trades + 198 BPS. Total trades net + 357 BPS. Net points + 153.75. Return on account for the week: + 1.77 % net. P:L ratio: 1.35:1. Days traded: 5. Longest trade duration: 17 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A very challenging week. The main event was the Fed chairman's testimony before congress. Yet again he managed to spook the equity markets. And on Friday we had the Non - farm payrolls, which caused a fair bit of volatility. The collapse of the Silicon Valley Bank weighed on market sentiment too. Overall, equity indices were down on the week: FTSE 100: - 198.7 (2.5 %). SPX: - 184.05 (4.55 %). NASDAQ: - 460.53 (3.75 %). DJI: - 1,481.33 (4.44 %). Next week we have more inflation data (Tuesday CPI and Wednesday PPI), I expect more volatility, 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.
Trading Summary Week Ended 24th March 2023 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.
Hi, firstly, awesome idea to post your results over 10+ years. I took a look a bit into profitability and I see during the xmas period you had some drawdown. How come you decided to trade these last two weeks? Generally the December is a quiet period when a lot of traders take time off the charts. I do not know if I missed, but is there a yearly analysis? And what is your strategy? Daytrading equities? Wish you great success in the future!
Hi, sorry for the delayed reply. I haven't updated this journal for a few weeks. I have never found December to be a quiet period in the markets to be honest. If you read this journal, you'll see that I used to trade equities and equity indices. Nowadays, I tend to focus on the indices. The reason is more liquidity and much tighter spreads. I'm also moving away from swing trading, and concentrating 100% of my efforts on day trading. I am trading a strategy that has a very good profit:loss result, and with real cash, it's not demo account.