Friday, July 09, 2021

Trading Summary Week Ended 9th July 2021

56 Trades:

1 AAL + 28 BPS.
55 UK100 + 264 BPS.

11 long trades  + 112 BPS.
45 short trades + 180 BPS.
45 intra-day trades + 375 BPS.
11 multi-day trades - 83 BPS.
Total trades net  + 292 BPS.

Return on account for the week + 2.77 % net.
P:L ratio 1.89:1.
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 very volatile week on the equity markets.

On Thursday we broke below 7,000 on the FTSE, and the commodity stocks got hammered. The market then bounced on Friday.

Quite a busy week by my standards, heavily skewed to the short side. 
Above my 2.5 % benchmark, although I made a few poor trade exits.


The Tour de France continues, with Tadej Pogacar looking pretty invincible in the maillot jaune at the moment. Mark Cavendish has now won four stages, and there still a couple more sprint finishes left in the tour. Maybe he can win another stage, he seems to be on top form at the moment, and several big names have left the race due to injuries.




Looking forward to profitable trading, and TDF action next week.

Stay disciplined.
Stay focussed.
Stay humble.

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