17 Stock Trades:
2 AAL + 38 BPS.
6 BLT + 167 BPS.
2 GLEN + 33 BPS.
1 MCRO + 30 BPS.
6 UK100 + 69 BPS.
14 long trades + 283 BPS.
3 short trades + 54 BPS.
14 intra-day trades + 261 BPS.
3 multi-day trades + 76 BPS.
Stocks net + 337 BPS.
Return on account for the week + 3.96 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another challenging week.
Stocks were in bull mode on Wednesday, the FTSE made new 30 day highs, then again on Thursday and Friday, mainly driven by the rally in commodity prices, with the likes of RD Shell and BP very strong. Cable was also very weak after some inflation data came out, helping the dollar earning companies like BP, BLT, RIO etc.
On Friday we had expiry, which I thought might mark the end of the recent rally, but it appears I was wrong about that. The US markets look like they want to test the recent lows, but we will have to see.
North of my 2.5% weekly benchmark anyway.
Looking forward to further opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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