27 Trades:
1 BHP + 17 BPS.
1 FRES + 33 BPS.
3 GLEN + 180 BPS.
4 MCRO + 297 BPS.
2 MTRO + 118 BPS.
1 SLA + 31 BPS.
15 UK100 + 253 BPS.
19 long trades + 501 BPS.
8 short trades + 428 BPS.
20 intra-day trades + 640 BPS.
6 multi-day trades + 289 BPS.
Total trades net + 929 BPS.
Return on account for the week + 2.63 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 9 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another difficult week. I was away from my desk on Tuesday, hence the four day week.
Markets were more range bound this week, although MCRO saw a huge move after decent results and a continuation of the buy back. SLA also made a big move to the downside on Friday after it was announced that Mitsubishi sold its entire holding.
The rally since the 28th Jan lows on the FTSE has been impressive, nearly 8%, and even more so from the late December lows, over 11%. Not sure how much further this has to go, we shall see.
Just above my 2.5% weekly benchmark.
I will be out of the country for the next two weeks, so will probably not be trading.
Stay disciplined.
Stay focussed.
Stay humble.
Stay disciplined.
Stay focussed.
Stay humble.
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