Friday, October 19, 2018

Trading Summary Week Ended 19th October 2018

40 Stock Trades:


6 AAL + 256 BPS.
4 BLT + 101 BPS.
5 BP + 169 BPS.
7 FRES + 290 BPS.
1 GLEN + 31 BPS.
1 RR - 221 BPS.
16 UK100 + 285 BPS.

13 long trades + 261 BPS.
27 short trades + 650 BPS.
31 intra-day trades + 984 BPS.
9 multi-day trades - 73 BPS.
Stocks net + 911 BPS.

Return on account for the week + 3.11 % net.
P:L ratio 18.7:1.
Days traded: 5.
Longest trade duration: 5 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)


Thoughts


Another busy week on the equity markets. The FTSE made a new low for the last few months at 6961 on Monday, still a hundred points above the March 2018 low though.

I'm wondering if we are due a rally soon, the fourth quarter has been by far the strongest since January 2000, with an average gain of 3.47% for the index. In fact it's the only quarter that has been positive on average (the first quarter has been the worst, with an average loss of 1.2%).

Just north  of my weekly 2.5% benchmark. Made some poor trade entries and exits.

Hoping for some decent trading opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

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