Trading Summary Week 31 2023 26 Trades: 26 US 500 + 268 BPS. 22 long trades + 166 BPS. 4 short trades + 102 BPS. 22 intraday trades + 32 BPS. 4 multi-day trades +236 BPS. Total trades net + 268 BPS. Net points + 119.13. Return on account for the week: + 18.53 % net. P:L ratio: 2.8:1. Days traded: 5. Longest trade duration: 30 days. Shortest trade duration: <1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Still here, still trading the equity markets. We saw plenty of volatility after the US credit rating was downgraded on Tuesday. Equity markets fell after the downgrade, the Nasdaq was especially weak. Then we had results from Amazon and Apple after the close on Thursday, and that seemed to bring out the bulls, before payrolls on Friday, after which we saw another bout of strength. Overall, the SPX was down 104.2 points, or 2.27 % on the week. Difficult trading, and left lots of profits on the table, and some poor entries (not being patient enough). Still, north of my 2.5 % weekly benchmark, which is always a good thing. Hoping for more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 32 2023 22 Trades: 22 US 500 + 159 BPS. 21 long trades + 46 BPS. 1 short trades + 113 BPS. 20 intraday trades + 21 BPS. 2 multi-day trades + 138 BPS. Total trades net + 159 BPS. Net points + 72.22. Return on account for the week: + 8.99 % net. P:L ratio: 183.1:1. Days traded: 4. Longest trade duration: 9 days. Shortest trade duration: <1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another week on the equity markets. Quite a volatile week, although I made few trades, and missed a few good entries. We had the CPI data out in the US on Thursday. Initially the indices popped on the news, but then retraced a fair bit. Then we had PPI out on Friday, which spooked the pre-market futures a little. We seem to be stuck in a range on the SPX, between 4440 and 4540. Maybe we'll break this range next week, who knows, not me that's for sure. North of my 2.5 % weekly benchmark. Hoping for more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 33 2023 35 Trades: 35 US 500 + 176 BPS. 20 long trades - 386 BPS. 15 short trades + 562 BPS. 25 intraday trades + 66 BPS. 10 multi-day trades + 110 BPS. Total trades net + 176 BPS. Net points + 78. Return on account for the week: + 3.44 % net. P:L ratio: 1.1:1. Days traded: 5. Longest trade duration: 39 days. Shortest trade duration: <1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another volatile week on the equity markets. Quite busy, equities were weak, with the SPX down over 90 points, the NDX down over 330 points and the FTSE down over 260. The resources stocks were weak, after more poor data from China. I said this last week: 'we seem to be stuck in a range on the SPX, between 4440 and 4540. Maybe we'll break this range next week, who knows...' Well on Friday, we did break below 4440, but only for a minute at the open, then the bulls moved in and the index closed the day more or less flat. Above my 2.5 % weekly benchmark. Hoping for more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 34 2023 13 Trades: 13 US 500 - 115 BPS. 9 long trades - 38 BPS. 4 short trades - 77 BPS. 7 intraday trades - 53 BPS. 6 multi-day trades - 62 BPS. Total trades net - 115 BPS. Net points - 51.1. Return on account for the week: - 6.47 % net. P:L ratio: 0.3:1. Days traded: 4. Longest trade duration: 9 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. We saw a sharp sell off on Thursday late in the day, before a rally back above 4400 on Friday. The Nasdaq was very volatile, with a range of over 300 BPS on Thursday. Not a great week. Hoping for more opportunities, and better results next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 35 2023 10 Trades: 10 US 500 + 38 BPS. 9 long trades + 94 BPS. 1 short trades - 56 BPS. 7 intraday trades + 5 BPS. 3 multi-day trades + 33 BPS. Total trades net + 38 BPS. Net points + 17.11. Return on account for the week: + 1.27 % net. P:L ratio: 1.4:1. Days traded: 4. Longest trade duration: 15 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Not a great week's trading. I missed a couple of very good moves intraday, closing way too soon, I need to scale out more. Well short of my 2.5 % weekly benchmark. Hoping for more opportunities, and better trade executions next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 36 2023 18 Trades: 18 US 500 + 61 BPS. 9 long trades - 64 BPS. 9 short trades + 125 BPS. 15 intraday trades + 48 BPS. 3 multi-day trades + 13 BPS. Total trades net + 61 BPS. Net points + 26.90. Return on account for the week: + 1.91 % net. P:L ratio: 1.4:1. Days traded: 4. Longest trade duration: 2 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A fairly busy week's trading, although Monday was a holiday in the US. Markets were weaker, with some big falls on the Nasdaq due to weakness in Apple. We tested the zone above 4510 on Tuesday on the SPX, but it didn't hold. September is a notoriously poor month for equities. Well short of my 2.5 % weekly benchmark. Hoping for more opportunities, and better trade executions next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 37 2023 16 Trades: 16 US 500 - 580 BPS. 11 long trades - 195 BPS. 5 short trades - 385 BPS. 10 intraday trades + 15 BPS. 2 multi-day trades - 565 BPS. Total trades net - 580 BPS. Net points - 255.58. Return on account for the week: - 36.11 % net. P:L ratio: 0.1:1. Days traded: 5. Longest trade duration: 81 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another volatile week on the equity markets. We had CPI data on Wednesday, then PPI on Thursday. Took a hefty loss. Hoping for more opportunities, and better trade executions next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 38 2023 13 Trades: 13 US 500 - 103 BPS. 11 long trades - 349 BPS. 2 short trades + 246 BPS. 10 intraday trades + 19 BPS. 3 multi-day trades - 122 BPS. Total trades net - 103 BPS. Net points - 47.98. Return on account for the week: - 7.68 % net. P:L ratio: 0.7:1. Days traded: 5. Longest trade duration: 7 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another poor week. Well short of my 2.5 % weekly benchmark. Hoping for more opportunities, and better trade executions next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week 39 2023 11 Trades: 11 US 500 + 253 BPS. 7 long trades - 22 BPS. 4 short trades + 275 BPS. 8 intraday trades + 4 BPS. 3 multi-day trades + 249 BPS. Total trades net + 253 BPS. Net points + 110.68. Return on account for the week: + 8.67 % net. P:L ratio: 6.7:1. Days traded: 4. Longest trade duration: 42 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A better week's trading. 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.
Trading Summary Week 40 2023 23 Trades: 23 US 500 + 342 BPS. 14 long trades - 550 BPS. 9 short trades + 892 BPS. 14 intraday trades + 62 BPS. 9 multi-day trades + 280 BPS. Total trades net + 342 BPS. Net points + 149.40. Return on account for the week: + 7.25 % net. P:L ratio: 1.3:1. Days traded: 4. Longest trade duration: 47 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Quite an active week on the equity markets. We saw plenty of volatility, the SPX tradedbelow 4300 for most of the week, then we had payrolls on Friday, and a surprise number had the futures falling pre-market, but the index then broke above 4300, giving a mosdest gain of 20.45 points over the week. The Nasdaq was also up 258 points, although the DJI was down, having go negative for the year during midweek. So, have we seen the October lows ? I don't know. Above my 2.5 % weekly benchmark at any rate, although I closed a long on Friday, which would have given me another 70 points if I'd run it into the late rally. Hey ho.. Hoping for more opportunities, and better trade executions next week. Stay disciplined. Stay focussed. Stay humble.