Trading Summary Week Ended 6th March 2020

35 Trades:

1 AAL + 84 BPS.
1 BP + 232 BPS.
34 UK100 + 1941 BPS.

1 long trade + 2 BPS.
34 short trades + 2255 BPS.
27 intra-day trades + 1013 BPS.
8 multi-day trade + 1244 BPS.
Total trades net + 2257 BPS.

Return on account for the week + 3.58 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 398 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another sell off week on the global equity markets.

Indices rallied on Wednesday afternoon, after the Fed announced a surprise 'emergency' rate cut, but this was quickly sold into.
The fact that the Fed is so worried is not a very bullish sign to me.

The ongoing Corona virus situation is really producing some selling pressure in the equity markets, odd that it took so long to register (in my opinion).

On Friday the FTSE broke last Friday's low for the year, below 6450.

The situation in Europe is getting more serious, and many sporting events have been cancelled, including this the Strada Bianche one day cycle race this weekend sadly. The Paris - Nice may also be cancelled I believe.

A decent week's trading for me, 97% shorts, all rallies were sold into, well above my weekly 2.5% benchmark.

Expecting more volatility next week.

Stay disciplined.
Stay focussed.
Stay humble.