Saturday, September 18, 2021

Trading Summary Week Ended 17th September 2021

54 Trades:

1 AAL - 356 BPS.
29 US500  + 213 BPS.
2 US 30 + 4 BPS.
22 UK100 + 242 BPS.

19 long trades  + 58 BPS.
35 short trades + 45 BPS.
45 intra-day trades + 313 BPS.
7 multi-day trades - 210 BPS.
Total trades net  + 103 BPS.

Return on account for the week + 4.62 % net.
P:L ratio 5.55:1.
Days traded: 5.
Longest trade duration: 52 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts


Another volatile week on the equity markets.

The FTSE broke below 7000 and this time closed below it on Friday.

Miners got hammered, this was the headline;

'Iron ore price dives 7% on China’s lower steel output data'

I had quite a busy week, made some poor trades, but still well above my 2.5 % weekly bench mark.
(The percentage net return was much higher than the net BPS figure suggests, this is because the trade on AAL was very small compared to the index trades.)

Looking forward to more opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

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