Friday, August 02, 2019

Trading Summary Week Ended 2nd August 2019

27 Trades:


1 BHP - 117 BPS.
6 FRES + 2842 BPS.
4 GLEN + 1540 BPS.
1 MTRO + 1412 BPS.
15 UK100 + 251 BPS.

4 long trades + 99 BPS.
23 short trades + 5829 BPS.
11 intra-day trades + 1641 BPS.
16 multi-day trades + 4287 BPS.
Total trades net + 5928 BPS.

Return on account for the week + 3.23 % net.
P:L ratio 7.6:1.
Days traded: 5.
Longest trade duration: 78 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)


Thoughts


A busy week, and we saw a lot of volatility on the equity markets.

The FTSE made a high for the year (7727.49) on Tuesday, but news of new trade tariffs saw it sell off over 329 points (4.2%) from that level on Friday.

Very tough trading conditions, commodity stocks were very active, I made a couple of very poor trade exits.

Still, above my 2.5% weekly benchmark for the first time since early July.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

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