14 Trades:
2 BP + 37 BPS.
12 UK100 + 165 BPS.
3 long trades - 168 BPS.
11 short trades + 370 BPS.
7 intra-day trades + 134 BPS.
7 multi-day trades + 68 BPS.
Total trades net + 202 BPS.
Return on account for the week + 0.15 % net.
P:L ratio 1.54:1.
Days traded: 5.
Longest trade duration: 40 days.
Shortest trade duration: 8 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A difficult week on the equity markets.
Equities sold off early in the week, with the FTSE briefly breaking below 5,860, before rallying strongly above 6,100.
For the week, the FTSE gained 134 points, or 2.28 %. The index is still below the 50 DMA and the 200 DMA, unlike the SPX, which is making post COVID 19 highs.
BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.
BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.
Precious metals were strong again, with gold breaking the $ 2,000 level for the first time, and silver trading above $ 28. Silver has more than doubled since the March lows.
I made some poor trades, well below my 2.5% benchmark.
Looking forward to better trading next week.
Stay disciplined.
Stay focussed.
Stay humble.
I made some poor trades, well below my 2.5% benchmark.
Looking forward to better trading next week.
Stay disciplined.
Stay focussed.
Stay humble.
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