22 Stock Trades:
6 AAL + 134 BPS.
2 BLT + 16 BPS.
2 BP + 15 BPS.
5 GLEN + 113 BPS.
3 MCRO + 569 BPS.
4 UK 100 + 47 BPS.
13 long trades + 761 BPS.
9 short trades + 133 BPS.
14 intra-day trades + 762 BPS.
8 multi-day trades + 132 BPS.
Stocks net + 894 BPS.
Return on account for the week + 8.21 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another very active week.
Equity markets were volatile.
Trade tariffs spooked equities on Thursday and Friday, with the FTSE making new 52 week lows on both days.The mining sector stocks were hit especially hard.
The best trades were on MCRO after it issued a trading update and fell over 50%, which for a FTSE 100 stock is pretty unusual. As usual I left lots on the table.
But well above my 2.5% weekly benchmark.
(The lower return in percent compared to the BPS value is due to the trades in MCRO being half the normal size, due to the volatility.)
Looking forward to more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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