29 Stock Trades:
8 AAL + 493 BPS.
2 BARC + 54 BPS.
3 BLT + 45 BPS.
5 GLEN + 202 BPS.
8 RIO + 206 BPS.
3 STAN + 42 BPS.
7 long trades + 238 BPS.
22 short trades + 804 BPS.
19 intra-day trades + 393 BPS.
10 multi-day trades + 649 BPS
Stocks net + 1042 BPS.
Return on account for the week + 15.11 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration: 1 min.
No Index trades.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A five day week after a couple of short weeks due to Easter.
Monday saw a strong open, after Macron won the first round of the French elections.
Miners rallied on Monday but sold off on Tuesday, a downgrade of BLT, RIO and AAL from Goldmans didn't help.
Wednesday was very volatile with earnings out for STAN and GSK, also a production update from BLT.
We had another sell off in the mining sector on Thursday afternoon, then a rebound on Friday.
And then BARC announced disappointing results on Friday morning, after which the shares sank more than 5%.
In other words, ideal trading conditions.
Well above my 2.5% benchmark, and the best week of the year so far.
Just under six trades per day average.
Hoping for more weeks like this. Next week is another four day week.
Stay disciplined.
Stay focussed.
Stay humble.
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