Trading Summary Week Ended 13th March 2020

33 Trades:

1 AAL + 136 BPS.
2 BHP + 862 BPS.
2 BP + 6132 BPS.
1 FRES + 230 BPS.
1 MTRO + 1188 BPS.
26 UK100 + 4336 BPS.

1 long trade + 230 BPS.
31 short trades + 12,654 BPS.
23 intra-day trades + 2352 BPS.
10 multi-day trade + 10,532 BPS.
Total trades net + 12,884 BPS.

Return on account for the week + 8.53 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 544 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another action - packed week on the global equity markets.

On Sunday night / Monday morning we saw a huge fall on crude oil, after Saudi Arabia flooded the market. I cannot recall seeing a 30% move in one day before...

So the oil and commodity stocks got hammered, as did the US and European markets.

On Monday the FTSE broke below last week's low for the year, below 5900. The intra-day range was over 570 points (880 BPS), which is just huge.

The FTSE mining index lost over 1500 points, again an enormous move. At one point on Monday morning, BP was down over 27%... in a few minutes. Truly panic selling.

Monday's low was then broken late on Wednesday, and again on Thursday, we set another new low for the year, at 5237.48, before we saw a big rally on Friday, which was again sold into.

The chart of the FTSE shows the carnage:

Over the week the index was down just under 1100 points, or over 16%.

Another decent week's trading for me, 97% on the short side. All rallies were sold into again.
More than triple my weekly 2.5% benchmark.

Expecting more volatility next week.

Stay disciplined.
Stay focussed.
Stay humble.