23 Stock Trades:
5 AAL + 286 BPS.
4 BLT + 156 BPS.
5 GLEN + 306 BPS.
1 MCRO + 38 BPS.
8 UK100 + 48 BPS.
9 long trades + 236 BPS.
14 short trades + 598 BPS.
19 intra-day trades + 558 BPS.
4 multi-day trades + 276 BPS.
Stocks net + 834 BPS.
Return on account for the week + 3.90 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 61 days.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A volatile start to the week, stocks sold off at the open on Monday.
GLEN took a huge hit on Tuesday after the company received a subpoena from the US Department of Justice. The stock was down over 12% intraday at one point. Almost unbelievably, I had closed a short position on GLEN the day before - not-so-great timing. I scalped a few points on the rebound but my entries and exits were very poor.
US markets were closed on Wednesday, then we a had a rally on Thursday.
Above my weekly 2.5% benchmark, but it should have been a lot higher.
Of course, this weekend sees the start of the greatest sporting event of the year - the Tour de France, which means that I will be trying to trade, whilst glued to the coverage of the cycling for the next three weeks.
Looking forward to more trading opportunities, and some exciting racing next week.
Stay disciplined.
Stay focussed.
Stay humble.
Of course, this weekend sees the start of the greatest sporting event of the year - the Tour de France, which means that I will be trying to trade, whilst glued to the coverage of the cycling for the next three weeks.
Looking forward to more trading opportunities, and some exciting racing next week.
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