41 Trades:
1 GLEN + 494 BPS.
40 UK100 - 1,254 BPS.
15 long trades - 1,730 BPS.
26 short trades + 970 BPS.
34 intra-day trades + 258 BPS.
7 multi-day trade - 1,018 BPS.
Total trades net - 760 BPS.
Return on account for the week - 1.36 % net.
P:L ratio 0.4:1.
Days traded: 5.
Longest trade duration: 136 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A difficult week on the equity markets.
The week started in a fairly bearish mode, with the FTSE breaking below 6,000 on Monday morning, before rallying above 6,300 on Wednesday, then making highs post expiry on Friday.
Over the week, the FTSE gained 187 points, or 3.07 %.
Here is a daily chart of the FTSE, showing the rebound off the March lows:
So we are still below the 0.618 retracement on this chart.
Not a great week for me.
Looking forward to better trading next week.
Stay disciplined.
Stay focussed.
Stay humble.
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