Good evening all - we had quite the eventful week filled with data and FOMC where we saw Powell give some key answers the market was waiting on for quite some time. In yesterday’s read, we had Eliant Capital go in depth to discuss his takeaways from the meeting and some further insight on the broader markets as a result. If you missed it, you can read that here.
In regards to the weekly basket, it was another great week for subscribers as our flow pulls resulted in a 82.3% success rate. Nearly all of the mentioned positions remain open with one having closed half. Below we have the excel sheet of information where we compiled each trades details such as entries, exits, and gain %. This is just a fun way to track success rates as we move into the following week and helps give transparency to you all in regards to how these ideas have played out while displaying the overall performance.
The Results:
In summary, this week we had a total of 17 ideas with 13 warranting profits, 3 in the red, and 1 being flat. However, as I previously mentioned, these trades are still open and can continue to provide gains or change course. A valuable time to mention that nobody ever goes broke taking profits in this game as the market can turn on a swivel faster than you can react. Positioning yourself for success is the key to successful trading and reviewing your trades can assist with such a thing. Hence the excel sheet weekly.
Enjoy your weekend,