Trading Summary Week Ended 3rd April 2020

31 Trades:

2 AAL + 311 BPS.
2 BP + 224 BPS.
1 GLEN + 4,351 BPS.
2 RDSB + 23 BPS.
1 STAN + 2,027 BPS.
23 UK100 + 283 BPS.

14 long trades + 397 BPS.
17 short trades + 6,822 BPS.
27 intra-day trades + 484 BPS.
6 multi-day trade + 6,735 BPS.
Total trades net + 7,219 BPS.

Return on account for the week + 1.02 % net.
P:L ratio 35.6:1.
Days traded: 5.
Longest trade duration: 450 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Yet another active week on the global equity markets.

Markets again reacted to news on the Corona virus. On Thursday we saw a huge move on crude oil, after rumours of a deal between Russia and Saudi Arabia surfaced.

Brent crude moved over $10 in minutes:

Very tricky trading conditions, as the indices moved with every piece of news, I made a few very poor exits.
Well short of  my weekly 2.5% benchmark.
Over the week, the FTSE lost 95 points or 1.72 %.

For the month of March, I made 167 trades, for a net profit of 46 %.

Away from the markets, we are headed for the now the third weekend under the lock down where I live, not exactly ideal and hopefully the authorities will lift the restrictions of movement before too long. I get out for exercise (cycle or walk) and to walk the dog a couple of times a day, but that's about it at the moment.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.