24 Stock Trades:
7 AAL + 508 BPS.
3 BLT + 241 BPS.
2 BP + 141 BPS.
3 GLEN + 104 BPS.
4 MCRO + 33 BPS.
5 UK100 + 27 BPS.
9 long trades + 348 BPS.
15 short trades + 706 BPS.
13 intra-day trades + 550 BPS.
11 multi-day trades + 504 BPS.
Stocks net + 1054 BPS.
Return on account for the week + 4.59 % net.
P:L ratio 35.3:1.
Days traded: 5.
Longest trade duration: 49 days.
Shortest trade duration: 3 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A busy week's trading. Equity markets sold off on Monday, with the commodity sectors being badly hit.
We saw some rebound on Tuesday and Wednesday, with crude oil having a very strong rally. On Thursday equity markets sold off after Wall street reversed its gains on Wednesday night. Then we saw a rally early on Friday.
Miners and other commodity stocks were volatile again.
I made a few poor trade exits, including selling BP too early into the rally on Wednesday, and closing a couple of shorts into the decline on Thursday. I also closed a MCRO long trade criminally early on Thursday - patience....
North of my weekly 2.5% benchmark anyway.
I made 77 trades during June, with a net return of just over 13%.
Looking forward to better trading opportunities next month.
Stay disciplined.
Stay focussed.
Stay humble.
Looking forward to better trading opportunities next month.
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