Trading Summary Week Ended 17th April 2020

39 Trades:

2 AAL + 126 BPS.
3 BP + 1,097 BPS.
1 GLEN + 3,523 BPS.
1 FRES + 800 BPS.
32 UK100 + 2,832 BPS.

11 long trades + 960 BPS.
28 short trades + 7,418 BPS.
29 intra-day trades + 497 BPS.
10 multi-day trade + 7,881 BPS.
Total trades net + 8,378 BPS.

Return on account for the week + 3.81 % net.
P:L ratio 33.5:1.
Days traded: 4.
Longest trade duration: 475 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week due to the Easter holiday.
Difficult trading conditions yet again, and there were some big moves on stocks and indices.

Despite some poor exits, still above my 2.5% benchmark, (stock positions were all pretty small).

Overnight on Thursday/Friday we saw a sharp rally on the US futures on hopes of a treatment for the corona virus. This pushed the FTSE back above 5800 for a while, despite some pretty awful GDP data from China.
Since last Friday, the index lost 55.7 points, or 0.95%.

Crude oil was weak again, with WTI crude breaking below $19. It was over $50 in February of this year, a huge decline.

Away from the markets, our lock down has been extended until May the 11th. It's getting very tedious, especially at the weekend when I'm not trading. And I still think it's a misguided policy. But nobody asks me about these things.

Expecting more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.