12 Stock Trades:
8 AAL + 88.80 BPS
3 BARC + 79.44 BPS
1 STAN + 11.00 BPS
Stocks net + 179.24 BPS
4 long, 8 short trades, intraday and overnight.
I traded 5 days this week.
Return on account for the week + 2.75 % net.
P:L ratio was 8.22:1.
No Index trades.
Thoughts
A decent week.
A profit, just scraped past my 2.5% weekly benchmark. Trades were difficult to find.
Miners were strong after an upgrade on RIO.
Friday is a holiday in the US (for some obscure reason) so London was pretty quiet.
The month of June was a decent period for me, with a total of 76 trades completed.
The breakdown was as follows:
BARC was the star performer for the month. Over the course of June, BARC declined just under 14%. I hope to continue to find decent trades.
Going forward, I remain cautious on the equity markets for now, although the US market remains very bullish with new highs made on the SPX500 this week.
Now we have completed the second quarter, I will be looking for signs of a possible reversal in the equity market, although most of the shares on my watch list are still well off the highs of the year.
Changes on the week:
Looking forward to more opportunities during the rest of the month, as well as more World cup drama and the Tour de France which kicks off this weekend.
Stay disciplined.
Stay focussed.
Stay humble.
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