24 Trades:
1 BHP - 245 BPS.
1 BP + 339 BPS.
1 FRES + 50 BPS.
2 MTRO + 2976 BPS.
19 UK100 + 781 BPS.
6 long trades - 263 BPS.
18 short trades + 4164 BPS.
10 intra-day trades + 321 BPS.
7 multi-day trades + 3580 BPS.
Total trades net + 3901 BPS.
Return on account for the week + 1.79 % net.
P:L ratio 5.4:1.
Days traded: 5.
Longest trade duration: 50 days.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A bit of a crazy week on the equity markets.
We saw a lot of volatility, with the FTSE breaking the lows of early August, making a new low just above 7000. I'm not sure whether we will retest these levels in the coming weeks, October can be a volatile month. The index ended the week over 3.6 % down.
Short of my 2.5% weekly benchmark.
For September, my net return was just + 2.19%, with 64 trades. It was a difficult month.
Looking forward to a better week next week.
Stay disciplined.
Stay focussed.
Stay humble.
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