10 Stock Trades:
2 AAL + 41 BPS.
1 BLT + 111 BPS.
1 GLEN + 63 BPS.
6 UK100 + 49 BPS.
2 long trades + 174 BPS.
8 short trades + 90 BPS.
5 intra-day trades + 56 BPS.
5 multi-day trades + 208 BPS.
Stocks net + 264 BPS.
Return on account for the week + 1.06 % net.
P:L ratio 3.5:1.
Days traded: 4.
Longest trade duration: 21 days.
Shortest trade duration: 8 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A very difficult week's trading. The London markets were closed on Monday for the bank holiday.
Political uncertainty in Italy sparked a sell off across Europe early in the week. Markets then bounced on Friday. Commodity stocks gained strength over the week.
The net return is lower than the BPS figure would suggest, due to dividends deducted from an overnight short position.
Well below my weekly 2.5% benchmark.
Looking forward to more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
Looking forward to more opportunities next week.
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