Friday, August 09, 2019

Trading Summary Week Ended 9th August 2019

21 Trades:


5 GLEN + 3176 BPS.
1 MTRO + 178 BPS.
15 UK100 + 279 BPS.

No long trades.
21 short trades + 3633 BPS.
11 intra-day trades + 249 BPS.
10 multi-day trades + 3384 BPS.
Total trades net + 3633 BPS.

Return on account for the week + 2.09 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 59 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)


Thoughts


Another volatile week, trading was difficult.

The commodity stocks sold off on more trade tariff worries.
The FTSE made a low of 7153.89 on Wednesday, that is 742 BPS below the high of the previous week, that's quite a move for the index.

RD Shell was down over 11% in five days at one point, BP slightly less, both dragging the FTSE lower.

A little below my 2.5% weekly benchmark.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

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