22 Stock Trades:
16 AAL + 251.58 BPS
4 BARC + 79.68 BPS
1 BLT + 2.44 BPS
1 BP + 3.05 BPS
Stocks net + 336.75 BPS
12 long trades: + 213.25 BPS.
10 short trades: + 123.50 BPS.
21 intraday trades, 1 overnight trade.
I traded 5 days this week.
Return on account for the week + 4.42 % net.
P:L ratio was 24.9:1.
No Index trades.
Thoughts
A busy week.
I shorted AAL a tad early, I was long BARC and again my exits were pretty poor, and closed a long trade on BP criminally early, but that's the trading business.
This week I was reminded of a golden rule regarding trading:
"It's all about exits !!"
With this volatility, it's so easy to let a profit turn into a loss.
North of my 2.5% benchmark, which is good.
Overall, markets were strong this week. Miners were bid up, with BLT and GLEN made new 52 week highs. Oils were weaker, with BP making a 30 day low on Monday, before rebounding sharply.
AAL was volatile, so far this month I have scalped 685 BPS on it, and so far this year AAL has netted me a tad over 2000 BPS.
AAL is a good trading stock, plenty of volatility and decent liquidity as well.
I feel the need for a break from the markets, and therefore I may take some time off in the next few weeks.
Stay disciplined.
Stay focussed.
Stay humble.
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