16 Trades:
3 GLEN + 336 BPS.
2 MTRO + 3029 BPS.
11 UK100 + 223 BPS.
3 long trades + 35 BPS.
13 short trades + 3553 BPS.
5 intra-day trades + 146 BPS.
11 multi-day trades + 3442 BPS.
Total trades net + 3588 BPS.
Return on account for the week + 1.18 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 19 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another volatile week on the equity markets.
We saw more weakness in the commodity sector, with RIO, BHP AAL all making 30 day lows.
The FTSE was volatile, dropping on Friday after China announced they would respond to the US tariffs, and finished down 22 points over the week. Late on Friday the US markets fell sharply, with the SPX falling over 2.5%.
Trades were difficult to find, hence well short of my 2.5% weekly benchmark.
(The reason the net return is low given the high net BPS is that the trades on MTRO were very small in size).
Next Monday we have the summer bank holiday, so a shortened trading week.
Looking forward to more trading opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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