Trading Summary Week Ended 14th May 2021

43 Trades:

43 UK100 - 318 BPS.

18 long trades  + 100 BPS.
25 short trades - 418 BPS.
36 intra-day trades + 308 BPS.
7 multi-day trades - 626 BPS.

Total trades net  - 318 BPS.

Return on account for the week - 0.27 % net.

P:L ratio 0.95:1.
Days traded: 5.
Longest trade duration: 49 days.
Shortest trade duration:  < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A really tough week.

Markets were bullish on Monday, with the FTSE making new 2021 highs at just over 7164.

We then fell back to 6912, which was support from the 4th of May, then on Thursday we broke below 6900, bottoming around 6823, before rallying back above 7000 on Friday, to close at 7043.6.

Here is a 3 minute chart of Thursday's move, the low corresponded to a high around the 16th of March:

Here is the four hour chart:

I made some very poor trades, well below my 2.5 % weekly benchmark.

Hopefully I can get back to profitability next week.

Stay disciplined.
Stay focussed.
Stay humble.