16 Stock Trades:
15 AAL + 347.86 BPS
1 BLT + 3.30 BPS
Stocks net + 351.16 BPS
Long and short trades, intraday and overnight.
I traded 5 days this week.
Return on account for the week 3.30 % net.
P:L ratio was 1.47:1.
No Index trades, I am concentrating on stocks.
Thoughts
Quite a difficult week for me. I was away in London at the weekend, and I had a swing long position in AAL from the previous week (with stops in the market), which I closed for a smallish profit on Monday when I returned to my desk.
Sitting in the airport checking prices on my phone was interesting. But sometimes it is better to just let the trade look after itself, it's a very difficult area, and I'm still learning this game.
My entries could have been a lot better but a profit is a profit, however small. Still above my 2% weekly return benchmark, so not too bad.
A volatile week on the miners, but the sector recovered from the lows of the previous week when copper fell sharply. Gold dropped below $1300 on Thursday.
Chart of the FTSE mining sector:
Banks also weakened, and the FTSE was volatile.
It's been a decent month, but we still have Monday before it's over.
Posting this on Friday morning as I've done for the week .
Looking forward to more opportunities next month.
Stay disciplined.
Stay focussed.
Stay humble.
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