Trading Summary Week Ended 24th April 2020

28 Trades:

3 AAL + 459 BPS.
1 BP + 461 BPS.
3 GLEN + 3,667 BPS.
1 RDSB + 4 BPS.
1 US CRUDE + 222 BPS.
19 UK100 + 315 BPS.

8 long trades + 404 BPS.
20 short trades + 4,724 BPS.
21 intra-day trades + 1010 BPS.
7 multi-day trade + 4,118 BPS.
Total trades net + 5,128 BPS.

Return on account for the week + 1.01 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 587 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Back to five day weeks after the Easter holiday.

Markets were active again, especially the crude oil market, where futures prices went negative for a while on Monday. This is the 15m chart of WTI:

I suspect this move may have blown up a few hedge funds. We shall hear about any in due course.

The FTSE was weak on Tuesday, dropping to 5,641, then broke above 5,800 on Thursday, exceeding the high from last Friday by a few points, before declining on Friday morning.

Made a few poor trade exits, especially on a long trade on RDSB, which I should have held for much longer. Well below my 2.5% weekly benchmark.

Looking forward to more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.