26 Stock Trades:
2 AAL + 69.43 BPS
9 BARC + 315.22 BPS
5 BLT + 75.46 BPS
2 BP + 31.71 BPS
4 SBRY + 90.95 BPS
4 STAN + 74.15 BPS
Stocks net + 656.92 BPS
22 long, 4 short trades, intraday and overnight.
I traded 4.5 days this week.
Return on account for the week + 11.04 % net.
P:L ratio 8.63:1.
No Index trades, I am concentrating on stocks.
Thoughts
Another fairly volatile week, which I like to see. I was pretty busy, I even traded my old friend BP for the first time for months.
A decent return, well north of my 2.5% weekly benchmark. Would be nice to acheive this every week, but rather unlikely I think.
The benchmark has been exceeded for all four weeks of June (so far), which is good. The equity market has been a very friendly place recently, but I have no idea how long this will continue. July is normally a quieter month, I believe some people take holidays at this time of year.
We saw a bit of a sell - off on Wednesday after the US dropped.
BARC and STAN were down sharply on Thursday on news. I caught some of the move, but some exits were poor.
These charts of BLT show how the 1st 30m high/lows (Red and green dotted lines on the chart) often act as support or resistance. I watch these levels closely during the rest of the trading session.
Looking forward to more opportunities next week. I'm up a decent percentage on the month, and I will be cautious in what remains of June (one day...).
Changes on the week:
Stay disciplined.
Stay focussed.
Stay humble.
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