Friday, May 21, 2021

Trading Summary Week Ended 21st May 2021

21 Trades:

21 UK100 + 82 BPS.

20 long trades  + 77 BPS.
1 short trades + 5 BPS.
20 intra-day trades + 72 BPS.
1 multi-day trades + 10 BPS.
Total trades net  + 82 BPS.

Return on account for the week + 1.88 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 8 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.

On Wednesday the FTSE sold off, amid a general red day, breaking below 6900 before bouncing to 6950.
The crypto markets saw a huge sell - off, with Bitcoin dropping from above $ 50,000 to $ 30,000, and then rallying to over $ 42,000, a crazy move.
I did buy a small amount of crypto during the drop.

Here is the one hour chart on Ethereum:




I made a couple of very poor trade exits (for example in the run up to expiry on Friday morning, when I thought the big money would probably push the index up into expiry), and left a lot of money on the table.

Well below my 2.5 % weekly benchmark.

Meanwhile, the action in the Giro d'Italia continues, with a big mountain stage on the Zoncolan this weekend, looking forward to that.



Stay disciplined.
Stay focussed.
Stay humble.

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