11 Stock Trades:
1 AAL + 8.55 BPS
3 BARC + 21.19 BPS
7 BLT + 69.28 BPS
Stocks net + 99.02 BPS
4 long, 7 short trades, all intraday.
I traded 5 days this week.
Return on account for the week + 2.69 % net.
P:L ratio was 4.8:1.
No Index trades, I am concentrating on stocks.
Thoughts
A decent week. Again, a few poor exits, but a profit is a profit.
Again above my 2% weekly benchmark, which is good.
After some analysis, I have decided to increase this benchmark/target to 2.5%, so I just scraped in above that this week, even though it was a pretty quiet week overall.
Trading on BLT was interesting this week, it rallied strongly from the 1890s to 1980s, and I had a look at the price history:
There was a high of 1989 in Feb, shown in blue. One thing I never really understand is who is buying near obvious resistance ? Shorts covering their losses perhaps ?
Note how far it fell after that high on the 21st Feb ?
Anyway, this was an obvious short level. Unfortunately, I got nervous when the price didn't immediately drop back to the 1960s, and closed for a small profit (always more nervous short than long). Of course, it later dropped back to the 1960s. But that's trading for you.
I still don't understand why people were buyers at 1985..... Were they also sellers in the 1890s last Friday I wonder... Oh well...
Later in the week, BLT did manage to break out and hit the 2000 mark, although it closed at 1995. I took the opportunity to sell some shares at 2000 that I bought back in Decemeber 2013 at 1763
Once the dividend of around 35p is included, this is a gross return of 15.4% on this investment (trade ?), or 1540 BPS.
This is obviously not included in the account being monitored in this blog, but a decent return on a boring large cap stock. It would be nice to do one of those every month.
We saw some serious weakness on stocks during Thursday and Friday, although the FTSE actually managed to close positively on Friday .
Change on watch list stocks over the last 5 Days:
| STOCK | T - 5 DAYS | CLOSE | CHANGE | BPS |
| AAL | 1604 | 1561.5 | -42.50 | -264.96 |
| BARC | 260.15 | 241.55 | -18.60 | -714.97 |
| BG. | 1264.5 | 1283.5 | +19.00 | +150.26 |
| BLT | 1896.5 | 1953 | +56.50 | +297.92 |
| BP. | 500.9 | 507.1 | +6.20 | +123.78 |
| CNA | 318.5 | 328.9 | +10.40 | +326.53 |
| EZJ | 1685 | 1516 | -169.00 | -1,002.97 |
| GLEN | 325.5 | 325.6 | +0.10 | +3.07 |
| HSBA | 596 | 632.5 | +36.50 | +612.42 |
| RDSA | 76.37 | 2345.5 | -24.50 | -103.38 |
| RIO | 325.2 | 3286.5 | +98.00 | +307.35 |
| SBRY | 335.8 | 347.7 | +11.90 | +354.38 |
| STAN | 2370 | 1336 | +44.00 | +340.56 |
| UU. | 3188.5 | 837.5 | +15.00 | +182.37 |
Looking forward to more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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