9 stock trades:
2 AAL + 32.04 BPS
7 BLT + 135.69 BPS
Stocks net + 167.73 BPS
11 Index Trades:
11 FTSE + 48.72 BPS
Net all trades + 216.45 BPS
Return on account for the week 3.17 %.
P:L ratio 2.19 : 1.
Long and short trades, intraday and overnight.
I traded 4.5 days this week.
Thoughts
Another busy week, over 3% return for the week is above target, although I left a lot on the table exiting FTSE longs too soon, ditto with AAL.
I need to trade the index less and concentrate more on stocks, since I think that is where I have made more consistent profits in the past, even allowing for the higher cost in terms of spreads.
Markets were volatile, the Fed sparked a huge rally on the US equity market on Wednesday night after they said that yes they were going to taper, but not by very much. The miners sold off heavily early in the week, this is BLT:
FTSE rallied sharply off the support around 6480.
Next week will probably be pretty quiet, market is closed on the 25th & 26th, and 24th is a half day I think.
Looking forward to ending the month with a reasonable return.
Stay disciplined.
Stay focussed.
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