50 Trades:
2 GLEN - 2,028 BPS.
1 MTRO + 4,969 BPS.
47 UK100 + 1,907 BPS.
16 long trades - 110 BPS.
34 short trades + 4,958 BPS.
39 intra-day trades + 391 BPS.
11 multi-day trade + 4,457 BPS.
Total trades net + 4,848 BPS.
Return on account for the week + 1.74 % net.
P:L ratio 6.1:1.
Days traded: 5.
Longest trade duration: 586 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A volatile week on the equity markets again, with the FTSE making another post COVID19 high of 6511.84 on Monday.
Markets sold off sharply on Thursday, following the US indices, the FTSE briefly breaking below 6000 on Friday morning, before staging a bounce.
Commodity stocks were volatile - RD Shell fell over 16.5 % from the high on Monday to Friday's low, BP over 17 %.
Over the week, the FTSE lost 379 points, or 5.85 %.
Trading conditions were difficult, and I made a few very poor exits (this week on shorts).
68 % of trades were on the short side this week.
Below my 2.5% weekly benchmark.
Looking forward to better trading next week.
Stay disciplined.
Stay focussed.
Stay humble.
1 comment:
Hi Mo, I'm not sure if you'll remember but I posted a message here a few years back asking if I could pick your brain regarding a few bits. You kindly gave me the email address morris_onions@yahoo.com to contact you on, but personal circumstances changed and I never found the time to contact you. I've recently found the time to begin exploring equities again and so wondered if I would still be able to ask you a couple of questions? I did send you an email to the above address sometime last week, but I'm not sure if you still use it? By all means feel free tell me to bugger off, but it was just a couple of simple questions I wanted to ask, as a newbie checking he's on the right track. Hope you're keeping well in these somewhat strange times! Cheers. Steve
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