Summary Week Ended Friday 15th March 2013

10 stock trades:

1 BARC + 6.44 BPS

1 BLT + 4.31 BPS

8 STAN – 420.30 BPS

Stocks net  - 409.30 BPS

Both long and short trades, all intraday.

4 index trades:

FTSE + 25.27 BPS

Net total  - 384.28 BPS

I traded 4 days.

Thoughts

A poor week’s trading, I made a basic error on STAN on Wednesday, not realising it was ex-div (a whopping 38p) and went long too early, in the process getting stopped out at the low of the day. It was also downgraded. I think I was guilty of 'revenge trading' on STAN. Of course, it recovered the next day..

FTSE & Dax made new 52 week highs, following new all time highs on the Dow. SPX has not made a new high though. FTSE went negative later on Friday.

New of the Cyprus bank ‘bailout’ came out after Friday’s close, so that could be a mover on Monday. I expect gold to do well.

Stay disciplined.

Stay focussed.