10 Stock Trades:
2 AAL +113.68 BPS.
8 BLT - 775.89 BPS.
8 long trades - 775.89 BPS.
2 short trades + 113.68 BPS.
9 intraday trades + 119.72 BPS.
1 overnight trade - 781.94 BPS.
Stocks net - 662.21 BPS.
Return on account for the week - 5.39 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.
Thoughts
A pretty horrible week.
I bailed out of a swing trade on BLT which I probably should have ditched sooner, since the whole sector, and the equity market in general, saw a big sell off, as can be seen in the weekly changes:
The FTSE was down over 5.5% for the week.
So one trade was responsible for all the losses this week. Resource stocks were particularly badly hit, with crude getting sold off heavily. Gold was actually stronger. I'm not sure how much further this move is going to go. Banks were also very weak, with STAN breaking down below £8, levels it last hit back in 2009.
Hoping for better results next week.
Stay disciplined.
Stay focussed.
Stay humble.
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