21 Trades:
2 AAL + 372 BPS.
1 BHP + 347 BPS.
1 FRES + 263 BPS.
1 GLEN + 8 BPS.
1 MTRO + 143 BPS.
15 UK100 + 51 BPS.
11 long trades + 1012 BPS.
10 short trades + 172 BPS.
15 intra-day trades + 191 BPS.
6 multi-day trades + 993 BPS.
Total trades net + 1184 BPS.
Return on account for the week + 1.16 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 7 days.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another week on the equity markets.
Miners were fairly strong with AAL, BHP and RIO all making new 52 week highs. The FTSE was range bound around the 7400 level.
On Thursday I made a poorly timed trade entry on GLEN, after news of a fatal mine accident broke. GLEN fell more than 8% intraday.
I got out just above B/E, but should have been more patient before buying.
Once again short of my 2.5% weekly benchmark.
For June, I completed 58 trades, for a net return of 5.23 %, which was a couple of percentage points better than May.
We are having something of a heatwave here at the mo, with temps up around 35 degrees C, so not ideal conditions for trading, I have to periodically shove my head under the cold shower to cool off.
Looking forward to better trading opportunities next month.
Stay disciplined.
Stay focussed.
Stay humble.
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