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Thanks for following..
Had been off from trading.
The plan to close the 2022 trades with result is planned for tomorrow Friday:
• was waiting for the last interest changes in US, CH, EU
• the last trade is still open while writing
• 4th quarter was not so predictable as those before
• had some interesting opportunities near the trading - especially gold which is on high demand right now
Thanks @Symple for the input.
CS has dipped to a low never seen in the long history.
I will elaborate a bit more in this theme soon.
Most important to know is that CS has 51 daughter companies around the world - even in Cayman Islands... Not counted the zillion sub and sub/sub daughters.
The big question is at hand: what will happen when CS is illiquid?
Starting within week 38 (on Sep 23) result: 6758 points.
This was the top result in 2022.
Then came the start of the red trades:
26/9 - 36 points
27/9 - 85 points
28/9 - 607 points totals in -728 points
End of 3rd quarter: 6758 - 728 = 6030 points
One trade in last quarter from October to December 16:
short entry 12675
closed @ 13952
result -1277 points (what a shame!)
Year end result:
6030 - 1277 points = 4753 points.
In € (costs not included): 188'825
This year the DAX (Index) from January 1 to End of year performed very poorly:
start @ 15947
end @ 13946
result - 2001 points
means a performance of MINUS 12.54%
GFIs1 is very happy with a gain of + 4753 points.
Looks like daytrading was much better (forget my swing trades here ) than putting money into the index over the whole year.
The difference is obvious: 6754 points. Ok - some work effort not included.
Some projection on the next trading year:
1) Incertain markets - even with more question marks than this year: war, instable supply chains, recession (YES or NO? - what did GFIs1 tell during the last 6 months?)
2) Restrictions from banks to filter just 'good clients'.
3) Money and goods are taking new paths around the globes
4) negative markets (2022) moved some traders out of business
5) rising interests and no return in sight - means less investment into companies but more holding money on the bank as the interest is at least (hey? sic!) guaranteed.
6) Private banks in Germany are restricting guarantees for money held. Will go down to 1M per account soon. Means money will flow out of the country...
7) After a bad year 2022 in the trading - many people are looking for other ways to secure the investments. See DAX performance this year - in my previous post.
Good trades for all that keep trading alive!
GFIs1
Battle @ 14k line:
DAX IB started lower and made a IB run up ~100 points in 30m.
Now while writing 9:40h it is still going up.
A Fibo Resistance sits @ 14040 - which had been reached this moment.
) than putting money into the index over the whole year.