Trading Summary Week Ended 20th March 2020

48 Trades:

5 AAL + 3,244 BPS.
3 BP + 1,446 BPS.
1 FRES + 981 BPS.
1 GLEN + 76 BPS.
2 RDSB + 139 BPS.
36 UK100 + 9,877 BPS.

3 long trades - 2,408 BPS.
45 short trades + 18,170 BPS.
32 intra-day trades + 2,007 BPS.
16 multi-day trade + 13,755 BPS.
Total trades net + 15,762 BPS.

Return on account for the week + 15.55 % net.
P:L ratio 4.36:1.
Days traded: 5.
Longest trade duration: 666 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very volatile week on the global equity markets.

Crude oil fell to the low twenties on Wednesday, dragging down the oil and gas stocks..
There were some huge moves in individual shares - RD Shell was down over 10% on Wednesday, before rebounding 10% on Thursday. A pretty remarkable move on the largest company on the FTSE. Unfortunately I only caught a fraction of the move, due to a poor entry and even poorer exit.

Here is the chart of US crude oil over the course of the week:

On the FTSE, the high was 5419.3 (Friday morning) after making a low of 4898.79 on Monday.
The index lost 175 points or 3.27% during the week.
Apart from Thursday, the intra-day range was over 500 BPS every day, pretty high when you consider that some days this number is under 40.

A busy week, with nearly 50 trades completed.
A good week's trading for me, with the emphasis on the short side (94%).
Well north of my weekly 2.5% benchmark.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.