17 Stock Trades:
14 AAL + 244.11 BPS
3 BLT + 22.84 BPS
13 long trades: + 253.83 BPS.
4 short trades: + 13.12 BPS.
Stocks net + 266.94 BPS
15 intraday trades, 2 overnight.
I traded 5 days this week.
Return on account for the week + 4.24 % net.
P:L ratio was N/A (no losing trades).
No Index trades.
Thoughts
A better week.
Scalped a few points on AAL, despite some poor exits. Not bad considering AAL is more or less flat on the week at the moment (Friday morning). Again, it's all about exits.
AAL has been trading in a nice range recently, although I don't know how long this will last. I do find it hard to fathom the reasoning behind the buying near or at obvious resistance and the selling near support, but it takes all sorts to make a market I suppose.
My normal multi - timeframe chart setup for AAL:
Well above my 2.5% weekly target.
August is proving to be a tough month, and I have beaten my 2.5% benchmark in only two weeks of the last four. At least we have some volatility in the equity markets.
Stock changes for the week:
Stay disciplined.
Stay focussed.
Stay humble.
No comments:
Post a Comment