13 Stock Trades:
1 AAL + 46 BPS.
3 BLT + 292 BPS.
2 BP + 172 BPS.
3 GLEN + 142 BPS.
4 UK100 + 155 BPS.
13 long trades + 807 BPS.
0 short trades.
5 intra-day trades + 191 BPS.
8 multi-day trades + 616 BPS.
Stocks net + 807 BPS.
Return on account for the week + 6.34 % net.
P:L ratio N/A.
Days traded:5.
Longest trade duration: 4 days.
Shortest trade duration: 11 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another strong week for the commodity stocks, as Brent crude hit the $80 mark. BP and Shell both made new 52 week highs this week, helping the FTSE rally.
Three of the big four mining stocks made new 52 week highs, as did the FTSE mining index, which broke above 20,000 for the first time since February 2013.
GLEN was volatile of Friday after news of a bribery investigation.
FTSE made a new all time closing high on Thursday, the rally shows no signs of ending.
Looking forward to further opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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