Friday, January 03, 2014

Summary Week Ended Friday 3rd January 2014

 

6 Stock Trades:

 

5 BLT + 51.74 BPS

1 RIO + 37.69 BPS


Stocks net  + 89.43 BPS


6 Index Trades:


5 FTSE + 24.19 BPS

1 DAX + 8.26 BPS



Net all trades + 121.88 BPS

Return on account for the week 2.36 %.

P:L ratio 2.21 : 1.

Long and short trades, intraday and overnight.

I traded 2.5 days this week.




Thoughts

A short week, the market was closed for New Year's Day. Volumes were lighter than normal.

The markets made highs into the end of 2013, then sold off when they re-opened on Thursday.

I traded a nice reversal on the miners on Thursday, closing a bit prematurely, but a profit is a profit as they say. Given the shortened week, my net profit was not bad.

Looking forward to next week, when volumes should pick up.


Stay disciplined.

Stay focussed.

2 comments:

SK said...

Hi Trader Morris,

I've been following your blog and find it interesting, as we seem to share a similar approach to the markets. I have a few questions regarding something I'm looking at, maybe more so from a programming perspective. I wondered if there was anywhere I could PM you at all?

Thanks

SK

Trader Mo said...

Hi, pm me at morris_onions@yahoo.com