Equity Basket Buy Sell and Cambridge Futures

It has been a turbulent week in the market, and I for one, am glad to see the back of it. Before this morning’s open, the Nasdaq was down 4%, the Dow 3%, and the FTSE 2.5%; however, the leading faller of the week was the Nikkei which was down 7.1% before managing to gain 2.3% of that back last night, but still finishing the week 4.8% below last Friday’s close.

An article at the end of a week like this would normally be accompanied by a picture of a trader, standing in the exchange with his head in his hands, staring at a board full of red. There was a lot of pain out there, but it’s nothing the traders at TPP haven’t seen before, and will no doubt see again. But our job is to make money. Markets go up, and they go down, nobody is right all of the time, and if they claim to be, I’m afraid it’s a Ponzi scheme!

True, many of us thought weeks like this were behind us, and the world was beginning to stabilise, but apparently there is more shifting of capital to be done. Looking at the biggest fallers, tech was the victim and a fear of ‘rising inflation expectation’ the buzz phrase around the market. The Nasdaq and the Nikkei are the two most tech centric markets and they bore the brunt of the sell off. It happens, and we dust ourselves off and move on.

Herein, lies much of the skill. A trader’s job is to not only make money, but to minimise losses when the bottom falls out of the markets. So, how have the traders done this week?  Most have taken a bit of a hit, albeit temporary. A few however, like Equity Basket Buy and Sell, have managed to retain capital and hold onto a monthly increase of 4.6% so far in May, which has to be commended. Cambridge Futures is another that ended the week flat and this week, I would argue, flat is a winner.

As of Monday, we are allowed back into restaurants and bars, and if that’s not call for optimism then I don’t know what is? Have a great weekend

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