20 Trades:
2 AAL + 418 BPS.
1 BHP + 74 BPS.
1 FRES + 90 BPS.
2 MTRO + 2371 BPS.
14 UK100 + 208 BPS.
14 long trades + 1290 BPS.
6 short trades + 1871 BPS.
11 intra-day trades + 721 BPS.
9 multi-day trades + 2440 BPS.
Total trades net + 3161 BPS.
Return on account for the week + 1.82 % net.
P:L ratio 74.1:1.
Days traded: 5.
Longest trade duration: 72 days.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another week, and we saw some volatility on the equity markets.
Miners were weaker, the FTSE mining index losing over 600 points on Wednesday.
Made some poor trade exits.
(The reason the net return is low given the high net BPS is that the two trades on MTRO were very small in size).
Well short of my 2.5% weekly benchmark.
Away from the markets, the TDF is coming to an climax this weekend, with Alaphilippe having lost the maillot jeune on Friday on the weather shortened stage in the Alps.
Looking forward to more trading opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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