Friday, July 18, 2014

Summary Week Ended Friday 18th July 2014

 

11 Stock Trades:


3 AAL + 291.83 BPS
5 BARC + 175.90 BPS
3 STAN + 45.03 BPS
Stocks net  + 512.77 BPS

8 long, 3 short trades, intraday and overnight.

I traded 4 days this week.
Return on account for the week + 7.18 % net.
P:L ratio was N/A (no losing trades).
No Index trades.


Thoughts


A decent week, exceeded my 2.5% benchmark comfortably.
I caught a nice short in AAL on Wednesday. Scalped a few points on STAN and BARC.


I missed lots of trades, and had some poor exits. Had connection problems at the open on Thursday morning, not what you need when short overnight. But thankfully the connection was back up in time for me to lower my stop orders and get out for a decent return on the position.

I hope these recent excellent trading conditions persist. I'm due a negative week soon I feel.

The market finished the weak mostly higher, despite falling late on Thursday after news emerged of an airliner having been brought down over Ukraine.What a terrible tragedy, really shocking.

Changes on stocks over the week:




Looking forward to more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

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