17 Trades:
1 BHP + 128 BPS.
1 BP - 596 BPS.
2 GLEN + 137 BPS.
13 UK100 + 135 BPS.
15 long trades + 815 BPS.
2 short trades - 1011 BPS.
8 intra-day trades + 123 BPS.
9 multi-day trades - 319 BPS.
Total trades net - 196 BPS.
Return on account for the week + 2.44 % net.
P:L ratio 2.2:1.
Days traded: 5.
Longest trade duration: 14 days.
Shortest trade duration: 17 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A difficult week. The equity markets made a strong recovery from last week's lows.
I took a loss on a short position on BP, after it rallied strongly post results.
(The disparity between the negative net BPS and the positive return is due to the UK100 trades being larger than the BP trade, which was a partial position closed).
Below my 2.5% weekly benchmark.
Looking forward to better trading opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
Stay disciplined.
Stay focussed.
Stay humble.
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