Friday, October 30, 2020

Trading Summary Week Ended 30th October 2020

    

19 Trades:


19 UK100 + 383 BPS.

6 long trades  - 396 BPS.
13 short trades  + 779 BPS.
13 intra-day trades + 38 BPS.
6 multi-day trades + 345 BPS.
Total trades net  + 383 BPS.

Return on account for the week + 0.35 % net.
P:L ratio 1.94:1.
Days traded: 5.
Longest trade duration: 55 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)


Thoughts


A tough week on the equity markets. 

Equities were weaker, the FTSE broke below 5600, commodity stocks sold off.
Over the week, the FTSE lost 288 points or nearly 5 %.

Next week we have the US election of course, which is bound to produce some volatility.

Still short of  my 2.5 % bench mark.
 
For the month of October, I made 86 trades for a net return of 0.42 %. A difficult month.
The FTSE lost over 5% in the same period.

Hopefully better trading into November.



Stay disciplined.
Stay focussed.
Stay humble.

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