34 Trades:
5 US 500 + 706 BPS.
10 US 100 + 73 BPS.
19 UK 100 + 48 BPS.
29 long trades + 1,149 BPS.
5 short trades - 322 BPS.
26 intra-day trades + 88 BPS.
8 multi-day trades + 739 BPS.
5 short trades - 322 BPS.
26 intra-day trades + 88 BPS.
8 multi-day trades + 739 BPS.
Total trades net + 827 BPS.
Return on account for the week + 4.59 % net.
Return on account for the week + 4.59 % net.
P:L ratio 3.18:1.
Days traded: 5.
Longest trade duration: 99 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Another challenging week in the equity markets.
Days traded: 5.
Longest trade duration: 99 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another challenging week in the equity markets.
We saw some more market volatility.
The SPX made another new all time closing high on Thursday, then FTSE sold off after expiry on Friday, testing the 7,200 level.
Crude oil was weaker, helping push the FTSE commodity stocks lower.
I had a friend over in the early part of the week, so that was a bit of a distraction.
Above my 2.5 % weekly bench mark anyway, despite some very poor trade exits.
The COVID situation seems to be getting worse here in Europe, with Austria going back into lock down and possibly Germany too. This news led to quite a sell off in equities on Friday.
Hoping for more opportunities next week.
Stay disciplined.
Stay focussed.
Stay humble.
Stay focussed.
Stay humble.
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