10 Trades:
1 BP + 338 BPS.
7 long trades + 63 BPS.
3 short trades + 369 BPS.
6 intraday trades + 67 BPS.
4 multi-day trade + 365 BPS.
Total trades net + 432 BPS.
Return on account for the week + 0.25 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 92 days.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A really difficult week, the equity markets fell on the news of the worsening situation in China re the corona virus.
Commodity stocks were badly hit, and the FTSE lost 300 points, or just short of 4% on the week. The FTSE mining index lost over 1100 points or 6% this week. RD Shell lost over 9%.
Well below my weekly 2.5% benchmark.
For the month of January I made 39 trades and saw a net return of just 0.86%... a very challenging month. The FTSE fell 3.40% during the month.
Looking forward better trading opportunities next month.
Stay disciplined.
Stay focussed.
Stay humble.
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