20 Stock Trades:
7 AAL + 72.87 BPS
1 BLT + 4.97 BPS
4 BP + 51.92 BPS
2 HSBA + 58.12 BPS
2 SBRY + 62.20 BPS
4 STAN + 30.51 BPS
17 long trades: + 203.68 BPS.
3 short trades: + 76.91 BPS.
Stocks net + 280.59 BPS
19 intraday trades, 1 overnight.
I traded 5 days this week.
Return on account for the week + 3.28 % net.
P:L ratio was 24.11:1.
No Index trades.
Thoughts
Another difficult week. Markets were volatile once again, with events in Ukraine and Iraq making the news headlines.
I had to scalp what I could. Rallies were sold off pretty quickly this week. The FTSE made a new 30 day low on Friday morning, before staging a bit of a rally. Most stocks on my list still well down over the course of five days.
Still above my 2.5% benchmark for the week.
Made a few very poor exits, especially on STAN after the results on Wednesday. Missed some excellent shorting opportunities. Another week when exit levels were all important.
August is definitely turning out to be tougher than the last few months have been, at least for my style of trading.
Stock changes for the week:
Stay disciplined.
Stay focussed.
Stay humble.
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