Trading Depot Overview - My experiences from the last trading week 21.07.2024

Depot Review

As expected, volatility remained high. In addition to a few swing trades that were designed to last several days, I recently included shorter-term trades lasting a few days. The downward trend of the financial markets only played into my hands to a limited extent. In terms of portfolio performance including all book profits and losses, portfolio performance fell from 40.07 percent to 37.38 percent. This corresponds to a decline of 2.69 percent.

Nevertheless, since the portfolio was launched on December 1, 2023, an average monthly performance of around 4.6 percent has been achieved to date, without there being a single month with a negative portfolio performance.

Trades executed

The short positions on Cognizant, Steel Dynamics and APA Corp as well as the Brent short position were closed at a loss. The short-term long positions on the Dow Jones Index after the breakout to a new all-time high and the long order on gold were closed very profitably. A long position on Henry Hub Natural Gas was opened, however, and the holding period is planned for several weeks. Other shorter-term long trades were opened on Henkel, due to the very strong preliminary quarterly figures, the Nasdaq 100 Index and on gold.

Planned procedure

After the recent strong declines, I expect further weakness in the financial markets in the medium term in connection with the summer seasonality. I will use recoveries, especially in the indices, to enter short positions. In addition, I plan to select weak stocks and focus more on short positions. In my opinion, it is still important to proceed very selectively. .

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