14 Stock Trades:
7 AAL + 241 BPS.
2 GLEN + 34 BPS.
5 RIO + 86 BPS.
4 long trades + 84 BPS
10 short trades + 277 BPS.
9 intra-day trades + 277 BPS.
5 multi-day trades + 84 BPS.
Stocks net + 361 BPS.
Return on account for the week + 3.72 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 28 days.
Shortest trade duration: 5 min.
No Index trades.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A better week after last week's lacklustre performance.
We saw some volatility during the British election, when the Conservatives lost their majority. I bet Theresa May regrets calling that election now.
Made a couple of very poor trade exits, basically because I didn't want to take the risk of the markets making a big down move after the election. In the end, the mining sector was up on Friday morning, the weakness of sterling may have been a factor in that rise.
North of my 2.5% weekly benchmark.
Looking forward to more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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