Saturday, April 24, 2021

Trading Summary Week Ended 23rd April 2021

28 Trades:

28 UK100 - 272 BPS.

23 long trades  + 61 BPS.
2 short trades - 333 BPS.
26 intra-day trades + 86 BPS.
2 multi-day trades - 358 BPS.
Total trades net  - 272 BPS.

Return on account for the week - 1.22 % net.
P:L ratio 0.5:1.
Days traded: 5.
Longest trade duration: 26 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.

The FTSE made a new high for the year on Monday, before selling off very sharply on Tuesday, falling by 2.6% from Monday's high. 

Crude was weaker, as were the commodity stocks, and that's a big chunk of the FTSE.

The market then bounced and by the close on Friday, the FTSE was down just over one point for the week.

US stocks were also weaker, maybe the market is waking to to the tax policies of the Biden administration, but by Friday the SPX has made yet another all time high at 4194.2

Not a great week, a smallish loss but still not nice.


Hopefully better figures next week.

Stay disciplined.
Stay focussed.
Stay humble.


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