Trading Depot Overview - My experiences from the last trading week 06.07.2024

Depot Review

There were extremely sharp movements in the portfolio performance compared to the previous week. This was definitely not due to the number of trades executed. I had recently opened trades that I wanted to hold for several weeks. The portfolio performance compared to the previous week, including all book profits and losses, decreased from 37.84% to 35.00%.

Executed Trades

Most of the trades that I wanted to hold for several weeks were stopped out due to the clear strength in the financial markets. In principle, this is not a problem as long as you have your risk money management under control and do not allow emotions to influence your trading. The short positions on McCormick, the DAX, the Nasdaq100 Index and the reentry in the DAX were closed in the red. I opened a long position on US copper and Zalando and started a short position on Brent Crude Oil on Friday evening.

Planned procedure

At the moment, it is important to closely monitor the general situation of the financial markets. Last week, market participants showed that a significant correction is not yet taking place and that the trend is continuing, particularly in the SP500 and Nasdaq100 indices. If this is confirmed in the coming week, I will most likely take various short-term long positions. We can expect a seasonally weak phase in July and into September.

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