11 Stock Trades:
2 AAL + 140 BPS.
2 BLT + 152 BPS.
3 GLEN + 142 BPS.
4 UK100 + 136 BPS.
11 long trades + 570 BPS.
0 short trades.
6 intra-day trades + 249 BPS.
5 multi-day trades + 321 BPS.
Stocks net + 570 BPS.
Return on account for the week + 3.65 % net.
P:L ratio N/A.
Days traded:5.
Longest trade duration: 5 days.
Shortest trade duration: 10 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
The rally in the commodity stocks continued in the early part of the week, but then we saw a sell off on Wednesday morning. Crude oil saw a serious sell off on Friday.
FTSE made new all time highs on Monday and Tuesday. The index has now rallied nearly 15% off the March lows.
Trading was difficult, and I made some poor entries and exits, selling the mining stocks rally too early.
Still, just above my weekly 2.5% benchmark.
Looking forward to a long weekend, and more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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