30 Stock Trades:
5 AAL + 553 BPS.
1 BLT - 370 BPS.
7 GLEN + 636 BPS.
2 MCRO + 23 BPS.
1 RDSB + 12 BPS.
3 STAN - 396 BPS.
13 UK100 + 199 BPS.
7 long trades - 775 BPS.
23 short trades + 1432 BPS.
16 intra-day trades + 401 BPS.
16 multi-day trades + 256 BPS.
Stocks net + 657 BPS.
Return on account for the week + 2.67 % net.
P:L ratio 2.2:1.
Days traded: 5.
Longest trade duration: 142 days.
Shortest trade duration: 3 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Bit of a crazy week, equity markets started the month of September in bullish mode on Monday, but then sold off on Tuesday and Wednesday, breaking below 7400, and then breaking 7300 on Friday.
By Friday morning, the FTSE had come off over 540 points (7 %) from the 8th of August high of 7790. The index closed just over 2 % down for the week.
Commodity stocks were hit by strength in sterling yet again.
A busy week, difficult trading conditions overall, just north of my weekly 2.5% benchmark return.
Hopefully I can find more trading opportunities next week.
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