21 Stock Trades:
2 AAL + 54 BPS.
1 BP + 40 BPS.
3 BLT + 189 BPS.
1 FRES + 26 BPS.
14 UK100 + 127 BPS.
14 long trades + 374 BPS.
7 short trades + 62 BPS.
15 intra-day trades + 224 BPS.
6 multi-day trades + 212 BPS.
Stocks net + 436 BPS.
Return on account for the week + 2.95 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 16 days.
Shortest trade duration: 5 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another tough week's trading.
Markets were quieter during the first part of the week. Miners were strong, as were the metals. The FTSE held above the 7700 level for most of the week.
On Thursday, due to technical problems the LSE didn't open at the usual 8 am, so we had the FTSE futures trading but no stocks open and the FTSE cash closed. I managed to profit a few points on a couple of shorts when the FTSE futures were pricing in a 60 point plus rally at the open. Sure enough, the futures fell sharply after the cash finally opened at 9am. Actually I closed too early, lowering my stop too agressively.
Markets sold off again on Friday morning, before rallying around midday then selling off again. All in all, a volatile week.
Made a few very poor trades exits again this week.
Just north of my weekly 2.5% benchmark.
Looking forward to more trading opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
Markets were quieter during the first part of the week. Miners were strong, as were the metals. The FTSE held above the 7700 level for most of the week.
On Thursday, due to technical problems the LSE didn't open at the usual 8 am, so we had the FTSE futures trading but no stocks open and the FTSE cash closed. I managed to profit a few points on a couple of shorts when the FTSE futures were pricing in a 60 point plus rally at the open. Sure enough, the futures fell sharply after the cash finally opened at 9am. Actually I closed too early, lowering my stop too agressively.
Markets sold off again on Friday morning, before rallying around midday then selling off again. All in all, a volatile week.
Made a few very poor trades exits again this week.
Looking forward to more trading opportunities next week.
No comments:
Post a Comment