Saturday, December 08, 2018

Trading Summary Week Ended 7th December 2018

59 Stock Trades:


2 AAL + 45 BPS.
1 ANTO + 11 BPS.
2 BARC + 97 BPS.
5 BHP + 120 BPS.
4 BP + 213 BPS.
4 FRES + 75 BPS.
8 GLEN + 773 BPS.
2 STAN + 44 BPS.
31 UK100 + 666 BPS.

14 long trades + 218 BPS.
45 short trades + 1825 BPS.
47 intra-day trades + 982 BPS.
12 multi-day trades + 1062 BPS.
Stocks net + 2044 BPS.

Return on account for the week + 7.61 % net.
P:L ratio 18.8:1.
Days traded: 5.
Longest trade duration: 41 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)


Thoughts


Another very busy week on the equity markets. The FTSE made a new low for the year on Thursday, dipping below 6700 for a while.
We are due a rally I think, as were are now entering the most bullish period of the year historically.

Triple my 2.5% benchmark. Shorts were the order of the day, all rallies were being sold into.

I made some poor exits, especially one short where I forgot I had a limit buy order in and it got triggered overnight, so that I caught just 44 points on a move that would have resulted in two or three times that if I had just trailed a stop. I should have been at my desk at one in the morning when the market opened for that one...


Hoping for some more decent trading opportunities as we had for the year's end.



Stay disciplined.

Stay focussed.

Stay humble.

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