20 Stock Trades:
7 AAL + 421 BPS.
1 ANTO + 20 BPS.
2 BARC + 42 BPS.
2 FRES + 25 BPS.
2 GLEN + 107 BPS.
6 UK100 + 33 BPS.
10 long trades + 113 BPS.
10 short trades + 535 BPS.
14 intra-day trades + 388 BPS.
6 multi-day trades + 260 BPS.
Stocks net + 648 BPS.
Return on account for the week + 2.35 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 22 days.
Shortest trade duration: 4 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another very challenging week on the equity markets.
Equity markets sold off on fears over the effects of Turkey's currency weakening. The FTSE fell below the 7500 level for the fist time since April this year, in fact it stopped just above the 200 DMA.
The mining sector took a huge hit on Wednesday, with the likes of FRES falling over 9%. We had a bit of a recovery on Thursday and then on Friday, (expiration day) markets were weaker again.
All in all a difficult week.
Some very premature exits on short positions.
Well below my weekly 2.5% benchmark.
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