Trading Summary Week Ended 22nd May 2020

23 Trades:

1 BP + 19 BPS.
1 FRES + 522 BPS.
3 GLEN + 253 BPS.

18 UK100 + 1,723 BPS.

7 long trades - 1434 BPS.
16 short trades + 3,951 BPS.
13 intra-day trades + 191 BPS.
10 multi-day trade + 2,326 BPS.
Total trades net + 2,517 BPS.

Return on account for the week + 0.90 % net.
P:L ratio 1.2:1.
Days traded: 5.
Longest trade duration: 504 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week on the equity markets.

Again we saw strength in equities early in the week, the FTSE gained more than 400 BPS on Monday, and broke above 6,100 on Tuesday.
There was a sharp sell off early on Friday, influenced by political events in Hong Kong, when the index briefly traded below 5,900.
Mining and oil and gas shares were volatile again.
Over the week, the FTSE gained 194 points or 3.34%.

Some missed opportunities, poor entries and exits, and well below my 2.5% weekly benchmark.

I'm still not sure the lows are in for equity markets for 2020.

Monday is a bank holiday in the UK, so markets are closed.
Looking forward to getting out and about in the sunshine over this long weekend.

Stay disciplined.
Stay focussed.
Stay humble.