Thursday, May 08, 2014

Summary Week Ended Friday 9th May 2014

 

15 Stock Trades:


3 AAL + 33.95 BPS
7 BARC + 156.51 BPS
4 BLT + 41.88 BPS
1 SBRY + 30.52 BPS

Stocks net  + 262.87 BPS

5 long, 10 short trades, overnight and intraday.

I traded 3 days this week.

Return on account for the week + 6.75 % net.

P:L ratio was 4.35:1.

No Index trades, I am concentrating on stocks.



Thoughts


A decent week. A few poor exits, but a profit is a profit.

Again well above my 2% weekly benchmark, which is encouraging.

Markets were closed on Monday for the spring bank holiday.

BARC was very active after results came out on Tuesday (see chart), and I could have made a fair bit more on it if I had held my long overnight, but that's trading.

This week I added SBRY to my watchlist spreadsheet, a stock I used to trade in the past. SBRY has had some decent moves recently.



Looking at my spreadsheet, I note that I haven't had a losing week on my stock trading since early October 2013, so I realise that I need to excercise caution at the moment...

Going to post this now (Friday) since I think I am done for the week.

Looking forward to more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

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