Friday, August 06, 2021

Trading Summary Week Ended 6th August 2021

30 Trades:

5 ETH + 231 BPS.
5 US500 + 7 BPS.
20 UK100 - 188 BPS.

25 long trades  + 446 BPS.
5 short trades - 396 BPS.
23 intra-day trades + 337 BPS.
7 multi-day trades - 287 BPS.
Total trades net  + 50 BPS.

Return on account for the week + 0.17 % net.
P:L ratio 1.05:1.
Days traded: 5.
Longest trade duration: 29 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts


A difficult week on the equity markets.

The FTSE traded in a range between 7032 and 7142.

I made some poor trades, and ended the week barely positive.

I made a few small trades on Ethereum, which was pretty volatile in the run up to the 'London' update.

Equity markets over the pond were strong again, with the SPX making a new all time closing high, closing at 4429.10 on Thursday, before making another all time high on Friday, after the July payrolls numbers were announced.

Buying the dips is still the most profitable strategy at the moment.
I do wonder if we are due a bit of late summer profit - taking, we shall see.

Looking forward to more trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

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