10 Trades:
1 AAL + 15 BPS.
1 BP + 54 BPS.
7 UK100 + 143 BPS.
7 long trades + 194 BPS.
3 short trades + 31 BPS.
8 intra-day trades + 104 BPS.
2 multi-day trade + 121 BPS.
Total trades net + 225 BPS.
Return on account for the week + 0.32 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 86 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Quite a volatile week on the equity markets, we saw a sharp sell off overnight Wednesday / Thursday after China revised higher the number of confirmed Corona virus cases.
The FTSE fell to 7403.69 on Friday afternoon, which is almost the 50% retracement level of the recent rally from 7275 to 7533, as shown below:
At the close on Friday, the FTSE was down 58 points, or 0.77% over the week, although around 18 points of that were due to stocks going ex-dividend.
The two largest FTSE oil & gas producers, BP and RD Shell were weak , both going ex-dividend on Thursday, weighing on the index. RD Shell made a new 52 week low on Friday, falling nearly 3% over the course of the week..
Well below my weekly 2.5% benchmark.
Looking forward better trading opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
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