Summary Week Ended Friday 30th May 2014

 

11 Stock Trades:

6 AAL + 16.80 BPS
2 BARC + 6.53 BPS
2 BLT + 10.10 BPS
1 SBRY + 10.85 BPS


Stocks net  + 44.28 BPS

All long trades, intraday and overnight.

I traded 4 days this week.

Return on account for the week + 0.42 % net.

P:L ratio was 1.39:1.

No Index trades, I am concentrating on stocks.

Thoughts

A short week due to the bank holiday on Monday.
Very difficult to find decent trades and I struggled to make a decent return this week.

Well short of my 2.5% weekly benchmark.

I missed a lovely rally on SBRY, despite buying near the low of the week. - BE PATIENT !!

Over the month of May, I made 44 trades, net + 675 BPS and return on my account of just over 16%.
My P:L ratio was 5.2:1.

I'm sure there are lots of traders out there making over 20% per month, but it's better than a savings account.

The breakdown of the trades in May was as follows:

12 AAL
15 BARC
13 BLT
2 EZJ

2 SBRY


This week the ES finally broke through 1900, and the Dax may want to test 10,000 soon.

Changes on stocks I watch over the month:

The fall on the miners can be seen in the moves on RIO, AAL, and BLT, although GLEN actually rose over the period. UU has been very strong.

The miners sold off at the end of the week, the mining index falling over 3.4% on Friday. Gold fell below the $1250 level.

Looking forward to more opportunities next month.

Stay disciplined.

Stay focussed.

Stay humble.