Trading Summary Week Ended 10th April 2020

36 Trades:

1 BP + 323 BPS.
2 GLEN + 3,855 BPS.
33 UK100 + 2,005 BPS.

14 long trades + 730 BPS.
20 short trades + 5,453 BPS.
29 intra-day trades + 736 BPS.
5 multi-day trade + 5,447 BPS.
Total trades net + 6,183 BPS.

Return on account for the week + 2.70 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 469 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week due to the Easter holiday.

Equity markets were calmer, after the extreme volatility we have seen recently.
The FTSE rallied above 5800 on Thursday, breaking the high it made on March the 26th.
Over the week, the index rallied 427 points or 7.89%.

Made a few poor trade exits, especially on a couple of long positions on the FTSE on Wednesday, which I should have given more room.
Just above my 2.5% benchmark, (the positions on GLEN and BP were pretty small).

On the subject of the Corona virus, I do think that we are wrecking whole economies on the basis of incomplete data. We simply do not know how deadly this virus is.

This is a good interview on this:




So now we have a four day weekend, but I won't be going very far from home. Not a great prospect really.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.