23 Stock Trades:
7 AAL + 147 BPS.
4 BLT + 64 BPS.
1 BP + 2 BPS.
4 GLEN + 72 BPS.
7 UK100 + 70 BPS.
8 long trades + 186 BPS.
15 short trades + 169 BPS.
18 intra-day trades + 277 BPS.
5 multi-day trades + 78 BPS.
Stocks net + 355 BPS.
Return on account for the week + 4.07 % net.
P:L ratio 134:1.
Days traded: 5.
Longest trade duration: 20 days.
Shortest trade duration: 5 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Back to five day weeks. More volatility on stocks and stock indices.
A really challenging week. We had a very strong rally on Tuesday after the Chinese president made a speech which was well received by the markets. The commodity stocks were very strong. Then we sold off on Wednesday. Thursday was pretty quiet.
The FTSE was strong, seems like every little dip is being bought at the moment. Of course the rally in crude helped the FTSE, given the weightings of BP and RD Shell.
However, I would not be surprised if we test the lows on the FTSE and SPX from last month before too long, but who knows...
I suppose an escalation of the hostilities between the US and Russia might really spook these markets.
I made a few very poor trade entries this week, shorting the rally too early.
Still, just north of my 2.5% weekly benchmark.
Looking forward to further volatility next week.
Stay disciplined.
Stay focussed.
Stay humble.
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