47 Trades:
1 AAL + 28 BPS.
2 US500 + 8 BPS.
44 UK100 + 861 BPS.
7 long trades + 13 BPS.
40 short trades + 884 BPS.
40 intra-day trades + 502 BPS.
7 multi-day trades + 395 BPS.
Total trades net + 897 BPS.
Return on account for the week + 7.23 % net.
Return on account for the week + 7.23 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 28 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
A pretty volatile week on the equity markets.
Days traded: 5.
Longest trade duration: 28 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A pretty volatile week on the equity markets.
The FTSE broke below 6900, trading down to 6813 before staging a very powerful rally back over 7000, following a midweek reversal on the SPX, which broke above 4400 on Friday for the first time ever.
Here is a 15 minute chart of the SPX, taken near the close of the London market on Friday:
The FTSE is still looking less bullish, with the index closing below the 50 DMA and the 21 EMA, although still above the 200 DMA. A mid - summer shake out would not surprise me at this point.
Both BP and RD Shell seem to be running out of momentum, if the banks and the miners also weaken, that would be enough for the FTSE to break below the recent lows.
We shall see.
Another good week by my standards, over double my 2.5 % benchmark.
Looking forward to more trading opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
Stay focussed.
Stay humble.
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