Trading Summary Week Ended 1st May 2020

47 Trades:

2 AAL + 295 BPS.
2 BP + 258 BPS.
2 GLEN + 525 BPS.
2 RDSB + 50 BPS.
1 STAN + 279 BPS.
38 UK100 + 6,426 BPS.

23 long trades + 368 BPS.
24 short trades + 7,465 BPS.
31 intra-day trades + 1,087 BPS.
16 multi-day trade + 6,746 BPS.
Total trades net + 7,833 BPS.

Return on account for the week + 8.38 % net.
P:L ratio 9.04:1.
Days traded: 5.
Longest trade duration: 488 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week, the FTSE made a new post COVID19 crash high on Thursday over 6150,  markets seemed to be putting the virus situation behind them. The banks had a powerful rally.

Then we had a sharp sell off down below 5800 on Thursday and Friday.

RD Shell got hammered after they cut the dividend for the first time in decades, which didn't help the overall market, given the weight of BP and Shell in the FTSE.

A fairly busy week, above my 2.5% weekly benchmark.

I'm not sure if the equity markets will want to re-test the recent lows, we shall see.

April was an active month trading, I made 158 trades and a net return of just over 14%.

Looking forward to more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.