28 Stock Trades:
7 AAL + 152 BPS.
2 BARC + 25 BPS.
5 BLT + 122 BPS.
14 RIO + 252 BPS.
6 long trades + 92 BPS.
22 short trades + 459 BPS.
21 intra-day trades + 335 BPS.
7 multi-day trade + 216 BPS.
Stocks net + 551 BPS.
Return on account for the week + 8.12 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 22 days.
Shortest trade duration: 3 min.
No Index trades.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A four day week due to the Easter Monday bank holiday in the UK.
A very volatile week, miners sold off heavily on Tuesday after the long weekend. They rallied on Friday after RIO issued a production update, only to sell off again later in the day.
Pretty busy by my standards with an average of seven trades per day.
Made some poor entries and a couple of very poor exits (including a short on RIO closed 3152, after which RIO broke down to 3080).
Well above my 2.5% benchmark, which is good.
Hoping for more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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