12 Stock Trades:
8 AAL + 318 BPS.
1 GLEN + 30 BPS.
3 RIO + 126 BPS.
2 long trades + 62 BPS
10 short trades + 412 BPS.
8 intra-day trades + 226 BPS.
4 multi-day trades + 248 BPS.
Stocks net + 474 BPS.
Return on account for the week + 5.05 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 41 days.
Shortest trade duration: 6 min.
No Index trades.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A very challenging week's trading.
The early part of the week was pretty quiet. then we saw a big sell off in mining and resource stocks on Wednesday afternoon, which continued into Thursday. Friday saw a weak rally.
AAL, RIO, BLT all made new 10 day lows on Thursday. AAL broke lower on Friday.
Made some very poor trade exists, closing a couple of short positions way too early. This is something I need to address.
North of my 2.5% weekly benchmark, but I could have more than doubled that return with better trade exits.
Looking forward to more opportunities, and to trade them better, next week.
Stay disciplined.
Stay focussed.
Stay humble.
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