Trading Summary Week Ended 14th august 2020

  

14 Trades:

1 FRES + 4 BPS.
2 STAN - 2,055 BPS.

6 UK100 - 1,038 BPS.

6 long trades - 4,399 BPS.
3 short trades  + 1,310 BPS.
1 intra-day trades + 4 BPS.
7 multi-day trades - 3,093 BPS.
Total trades net  + -3,089 BPS.

Return on account for the week - 1.26 % net.
P:L ratio 0.19:1.
Days traded: 5.
Longest trade duration: 654 days.
Shortest trade duration:  68 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very difficult week on the equity markets.

Equities sold off early in the week, with the FTSE briefly breaking below 5,860, before rallying strongly above 6,100.

For the week, the FTSE gained 134 points, or 2.28 %. The index is still below the 50 DMA and the 200 DMA, unlike the SPX, which is making post COVID 19 highs. 

BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.

Precious metals were strong again, with gold breaking the $ 2,000 level for the first time, and silver trading above $ 28. Silver has more than doubled since the March lows.

I made some poor trades, well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th August 2020

 

14 Trades:

2 BP + 37 BPS.
12 UK100 + 165 BPS.

3 long trades - 168 BPS.
11 short trades  + 370 BPS.
7 intra-day trades + 134 BPS.
7 multi-day trades + 68 BPS.
Total trades net  + 202 BPS.

Return on account for the week + 0.15 % net.
P:L ratio 1.54:1.
Days traded: 5.
Longest trade duration: 40 days.
Shortest trade duration:  8 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

Equities sold off early in the week, with the FTSE briefly breaking below 5,860, before rallying strongly above 6,100.

For the week, the FTSE gained 134 points, or 2.28 %. The index is still below the 50 DMA and the 200 DMA, unlike the SPX, which is making post COVID 19 highs. 

BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.

Precious metals were strong again, with gold breaking the $ 2,000 level for the first time, and silver trading above $ 28. Silver has more than doubled since the March lows.

I made some poor trades, well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 31st July 2020

14 Trades:

2 FRES + 1,223 BPS.
12 UK100 + 1,550 BPS.

5 long trades + 851 BPS.
9 short trades  + 1,922 BPS.
7 intra-day trades + 252 BPS.
3 multi-day trades + 2,521 BPS.
Total trades net  + 2,773 BPS.

Return on account for the week + 1.82 % net.
P:L ratio 6.14:1.
Days traded: 4.
Longest trade duration: 338 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Equities sold off on Thursday, with the FTSE breaking below the important 6000 level, commodity stocks and the banks were very weak. Then on Friday the index broke the previous day's low, closing at 5897.76.
For the week, the FTSE lost 226 points, or 3.69 %.

I made some poor trade exits, well below my 2.5% benchmark.

For the month of July, I made 58 trades and a net return of 1.10 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th July 2020

12 Trades:

1 FRES + 530 BPS.
11 UK100 + 117 BPS.

10 long trades + 588 BPS.
2 short trades  + 59 BPS.
9 intra-day trades + 53 BPS.
3 multi-day trades + 594 BPS.
Total trades net  + 647 BPS.

Return on account for the week + 0.19 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 18 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

Equities sold off on Thursday and Friday, whilst precious metals rallied, gold neared the $ 1900 level, whist silver traded above $ 23. The Gold/silver ratio has fallen from the 120 level we saw in March, back to the low 80s.
The strength of precious metals saw FRES making new 52 week highs this week.
For the week, the FTSE lost 166 points, or 2.65 %.

A poor week's trading for me.
Well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th July 2020

10 Trades:

1 BP + 599 BPS.
2 FRES + 1,221 BPS.
7 UK100 + 270 BPS.

9 long trades + 1,491 BPS.
1 short trades  + 599 BPS.
6 intra-day trades + 62 BPS.
6 multi-day trades + 2,028 BPS.
Total trades net  + 2,090 BPS.

Return on account for the week + 0.45 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 363 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 rallied 195 points or 3.2 % over the week, commodity stocks were strong with RIO and FRES making new 52 week highs. Gold and silver also saw more strength.

Not a very good week for me, I closed a long way too soon, and also missed some good long opportunities. Well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 10th July 2020

12 Trades:

3 BHP - 7,313 BPS.
9 UK100 - 210 BPS.

3 long trades - 1,947 BPS.
9 short trades  - 5,576 BPS.
6 intra-day trades + 24 BPS.
6 multi-day trades - 7,547 BPS.
Total trades net  - 7,523 BPS.

Return on account for the week - 1.68 % net.
P:L ratio 0.08:1.
Days traded: 5.
Longest trade duration: 588 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

We saw a sell-off on Thursday, before a rally on Friday. Oil stocks were hit.
Over the week, the FTSE lost 62 points, or 1.01 %.

Not a very good week for me, well below my 2.5% benchmark.

During June, I made 151 trades and a net return of 0.82 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd July 2020

12 Trades:

12 UK100 + 372 BPS.

12 long trades + 372 BPS.
No short trades.
10 intra-day trades + 185 BPS.
12 multi-day trade + 187 BPS.
Total trades net + 372 BPS.

Return on account for the week + 0.34 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

Over the week, the FTSE lost just 2 points, or 0.03 %.

Not a very good week for me, well below my 2.5% benchmark.

During June, I made 151 trades and a net return of 0.82 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 26th June 2020

25 Trades:

3 FRES - 14,002 BPS.
1 GLEN + 127 BPS.
21 UK100 - 952 BPS.

9 long trades - 1,746 BPS.
16 short trades - 13,081 BPS.
13 intra-day trades + 64 BPS.
12 multi-day trade - 14,891 BPS.
Total trades net - 14,827 BPS.

Return on account for the week - 2.23 % net.
P:L ratio 0.22:1.
Days traded: 5.
Longest trade duration: 512 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week on the equity markets.

The FTSE fell sharply midweek, dropping over 3% on Wednesday, then dropping further on Thursday, to test the 6030 zone, before rallying back above 6200 on Friday.

Over the week, the FTSE lost 133 points, or 2.12 %.

Not a great week for me, booked some losses on a couple of very poor positions on FRES.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 19th June 2020

41 Trades:

1 GLEN + 494 BPS.
40 UK100 - 1,254 BPS.

15 long trades - 1,730 BPS.
26 short trades + 970 BPS.
34 intra-day trades + 258 BPS.
7 multi-day trade - 1,018 BPS.
Total trades net - 760 BPS.

Return on account for the week - 1.36 % net.
P:L ratio 0.4:1.
Days traded: 5.
Longest trade duration: 136 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 week started in a fairly bearish mode, with the FTSE breaking below 6,000 on Monday morning, before rallying above 6,300 on Wednesday, then making highs post expiry on Friday.

Over the week, the FTSE gained 187 points, or 3.07 %.

Here is a daily chart of the FTSE, showing the rebound off the March lows:

So we are still below the 0.618 retracement on this chart.

Not a great week for me.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 12th June 2020

50 Trades:

2 GLEN - 2,028 BPS.
1 MTRO + 4,969 BPS.
47 UK100 + 1,907 BPS.

16 long trades - 110 BPS.
34 short trades + 4,958 BPS.
39 intra-day trades + 391 BPS.
11 multi-day trade + 4,457 BPS.
Total trades net + 4,848 BPS.

Return on account for the week + 1.74 % net.
P:L ratio 6.1:1.
Days traded: 5.
Longest trade duration: 586 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets again, with the FTSE making another post COVID19 high of 6511.84 on Monday.
Markets sold off sharply on Thursday, following the US indices, the FTSE briefly breaking below 6000 on Friday morning, before staging a bounce.

Commodity stocks were volatile - RD Shell fell over 16.5 % from the high on Monday to Friday's low, BP over 17 %.

Over the week, the FTSE lost 379 points, or 5.85 %.

Trading conditions were difficult, and I made a few very poor exits (this week on shorts).
68 % of trades were on the short side this week.

Below my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 5th June 2020

31 Trades:

1 AAL + 13 BPS.
1 BP + 2,770 BPS.
2 FRES - 4,465 BPS.

2 GLEN + 39 BPS.
25 UK100 + 2,842 BPS.

11 long trades + 448 BPS.
20 short trades + 751 BPS.
21 intra-day trades + 56 BPS.
10 multi-day trade + 1,143 BPS.
Total trades net + 1,199 BPS.

Return on account for the week + 2.77 % net.
P:L ratio 6.5:1.
Days traded: 5.
Longest trade duration: 493 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, with the FTSE making four consecutive post COVID19 highs on Tuesday, Wednesday, Thursday and Friday.
The ECB surprised the market on Thursday, with a larger than expected financial stimulus, again boosting equity markets.

This is the FTSE 100 chart over the week, gaining over 400 points or 6.71%:

The Dax was even stronger.

Commodity stocks were strong after early weakness, maybe people think economies are over the worst of the crisis.

On Friday we had US payrolls, and a bumper number sent the equity indices higher.

A frustrating week, I made some very poor trade exists (longs), just above my 2.5% weekly benchmark.


Apparently the LSE is considering reducing trading hours, which would be a great idea in my opinion - I see no reason why the London market has to trade for eight and a half hours, when the US gets by trading just six and a half.

Back in August 2019, a technical problem caused the LSE open to be delayed until 09:40, and as far as I can tell, this made little or no difference. Most of the action takes place in three periods - the first hour, the period around the Wall Street opening, and the last 30 minutes. 

In my opinion (which counts for nowt I realise), 09:00 to 16:00 London time would be good.

Looking forward to more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 29th May 2020

32 Trades:

4 BP + 263 BPS.
2 GLEN + 3,189 BPS.

26 UK100 + 208 BPS.

18 long trades + 165 BPS.
14 short trades + 3,495 BPS.
28 intra-day trades + 359 BPS.
4 multi-day trade + 3,301 BPS.
Total trades net + 3,660 BPS.

Return on account for the week + 0.49 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 273 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week on the equity markets, after the bank holiday.

Equity markets saw more strength, and the FTSE broke above 6200 on Thursday, making a post COVID19 high at 6234.
The mining sector was strong, with AAL, BHP, GLEN and RIO all making 30 day highs.

Over the week, the FTSE gained 83.32 points or 1.39 %.
Over the month of May, it gained 2.97 %.

A difficult week, well below my 2.5% weekly benchmark.

For the the month of May, I made 116 trades and a net profit of 7.25 %.

Looking forward to more opportunities next month.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 22nd May 2020

23 Trades:

1 BP + 19 BPS.
1 FRES + 522 BPS.
3 GLEN + 253 BPS.

18 UK100 + 1,723 BPS.

7 long trades - 1434 BPS.
16 short trades + 3,951 BPS.
13 intra-day trades + 191 BPS.
10 multi-day trade + 2,326 BPS.
Total trades net + 2,517 BPS.

Return on account for the week + 0.90 % net.
P:L ratio 1.2:1.
Days traded: 5.
Longest trade duration: 504 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week on the equity markets.

Again we saw strength in equities early in the week, the FTSE gained more than 400 BPS on Monday, and broke above 6,100 on Tuesday.
There was a sharp sell off early on Friday, influenced by political events in Hong Kong, when the index briefly traded below 5,900.
Mining and oil and gas shares were volatile again.
Over the week, the FTSE gained 194 points or 3.34%.

Some missed opportunities, poor entries and exits, and well below my 2.5% weekly benchmark.

I'm still not sure the lows are in for equity markets for 2020.

Monday is a bank holiday in the UK, so markets are closed.
Looking forward to getting out and about in the sunshine over this long weekend.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 15th May 2020

36 Trades:

1 AAL + 214 BPS.
1 BP + 26 BPS.

3 GLEN + 4,105 BPS.
31 UK100 + 2,192 BPS.

9 long trades + 126 BPS.
27 short trades + 6,411 BPS.
24 intra-day trades + 318 BPS.
12 multi-day trade + 6,219 BPS.
Total trades net + 6,537 BPS.

Return on account for the week + 2.53 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 495 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 started the week fairly in a fairly bullish mode, trading as high as 6012 on Tuesday, but then sold off sharply into Thursday, breaking down to 5661, before a bounce on Friday (which was expiry). Over the week the index lost 136 points, or 2.29%.

The mining sector was very volatile, this is a seven day chart of the FTSE mining index, showing Thursday's sell off and Friday's rebound:

A challenging trading environment for sure.

A busy week, just met my 2.5% weekly benchmark, I made a few very poor trade exits, mostly on the short side, which accounted for 75% of trades made.

I'm not at all sure the lows are in for equity markets for 2020.
Unemployment claims in the US were pretty dreadful, and I don't think our economies are going to recover very quickly even when the lock downs are over.

Our lock down here was eased this week, a very welcome development. Travel is now limited to 100 km, but the border with Italy remains closed for now.

Looking forward to getting out and about this weekend, and to more trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 8th May 2020

15 Trades:

4 BP + 288 BPS.
2 GLEN + 3,501 BPS.
1 STAN + 334 BPS.
8 UK100 + 79 BPS.

4 long trades + 58 BPS.
11 short trades + 4,144 BPS.
13 intra-day trades + 434 BPS.
2 multi-day trade + 3,768 BPS.
Total trades net + 4,202 BPS.

Return on account for the week + 0.41 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 147 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week, due to the bank holiday to commemorate VE - Day.

A quieter week for me, markets were less volatile than they have been recently. The FTSE traded in a range from around 5700 to 5940...

Few trades and well below my 2.5% weekly benchmark.


Over the VE - Day holiday weekend in 1995, exactly twenty-five years ago, I was sailing my small boat, 'Sophie Too' from Lymington in Hampshire down to Poole Harbour, via a night's stay tied up to the key in Christchurch. Great fun, and the weather was perfect. I still recall the strength of the ebb tidal race as we shot out of Christchurch harbour the next morning, it can exceed six knots in the 'run' according to the almanac...
The beer(s) in the pub in Christchurch tasted pretty good too. Gales I think it was.
Happy memories. Seems like yesterday.

Poole Harbour:

Lots of info on Christchurch here: https://eoceanic.com/sailing/harbours/485/

Our lock down here is due to be eased on Monday, which I'm looking forward to. Will be able to travel up and down the coast a bit.

Looking forward to more trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 1st May 2020

47 Trades:

2 AAL + 295 BPS.
2 BP + 258 BPS.
2 GLEN + 525 BPS.
2 RDSB + 50 BPS.
1 STAN + 279 BPS.
38 UK100 + 6,426 BPS.

23 long trades + 368 BPS.
24 short trades + 7,465 BPS.
31 intra-day trades + 1,087 BPS.
16 multi-day trade + 6,746 BPS.
Total trades net + 7,833 BPS.

Return on account for the week + 8.38 % net.
P:L ratio 9.04:1.
Days traded: 5.
Longest trade duration: 488 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week, the FTSE made a new post COVID19 crash high on Thursday over 6150,  markets seemed to be putting the virus situation behind them. The banks had a powerful rally.

Then we had a sharp sell off down below 5800 on Thursday and Friday.

RD Shell got hammered after they cut the dividend for the first time in decades, which didn't help the overall market, given the weight of BP and Shell in the FTSE.

A fairly busy week, above my 2.5% weekly benchmark.

I'm not sure if the equity markets will want to re-test the recent lows, we shall see.

April was an active month trading, I made 158 trades and a net return of just over 14%.

Looking forward to more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th April 2020

28 Trades:

3 AAL + 459 BPS.
1 BP + 461 BPS.
3 GLEN + 3,667 BPS.
1 RDSB + 4 BPS.
1 US CRUDE + 222 BPS.
19 UK100 + 315 BPS.

8 long trades + 404 BPS.
20 short trades + 4,724 BPS.
21 intra-day trades + 1010 BPS.
7 multi-day trade + 4,118 BPS.
Total trades net + 5,128 BPS.

Return on account for the week + 1.01 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 587 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Back to five day weeks after the Easter holiday.

Markets were active again, especially the crude oil market, where futures prices went negative for a while on Monday. This is the 15m chart of WTI:

I suspect this move may have blown up a few hedge funds. We shall hear about any in due course.

The FTSE was weak on Tuesday, dropping to 5,641, then broke above 5,800 on Thursday, exceeding the high from last Friday by a few points, before declining on Friday morning.

Made a few poor trade exits, especially on a long trade on RDSB, which I should have held for much longer. Well below my 2.5% weekly benchmark.

Looking forward to more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th April 2020

39 Trades:

2 AAL + 126 BPS.
3 BP + 1,097 BPS.
1 GLEN + 3,523 BPS.
1 FRES + 800 BPS.
32 UK100 + 2,832 BPS.

11 long trades + 960 BPS.
28 short trades + 7,418 BPS.
29 intra-day trades + 497 BPS.
10 multi-day trade + 7,881 BPS.
Total trades net + 8,378 BPS.

Return on account for the week + 3.81 % net.
P:L ratio 33.5:1.
Days traded: 4.
Longest trade duration: 475 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week due to the Easter holiday.
Difficult trading conditions yet again, and there were some big moves on stocks and indices.

Despite some poor exits, still above my 2.5% benchmark, (stock positions were all pretty small).

Overnight on Thursday/Friday we saw a sharp rally on the US futures on hopes of a treatment for the corona virus. This pushed the FTSE back above 5800 for a while, despite some pretty awful GDP data from China.
Since last Friday, the index lost 55.7 points, or 0.95%.

Crude oil was weak again, with WTI crude breaking below $19. It was over $50 in February of this year, a huge decline.

Away from the markets, our lock down has been extended until May the 11th. It's getting very tedious, especially at the weekend when I'm not trading. And I still think it's a misguided policy. But nobody asks me about these things.

Expecting more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 10th April 2020

36 Trades:

1 BP + 323 BPS.
2 GLEN + 3,855 BPS.
33 UK100 + 2,005 BPS.

14 long trades + 730 BPS.
20 short trades + 5,453 BPS.
29 intra-day trades + 736 BPS.
5 multi-day trade + 5,447 BPS.
Total trades net + 6,183 BPS.

Return on account for the week + 2.70 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 469 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week due to the Easter holiday.

Equity markets were calmer, after the extreme volatility we have seen recently.
The FTSE rallied above 5800 on Thursday, breaking the high it made on March the 26th.
Over the week, the index rallied 427 points or 7.89%.

Made a few poor trade exits, especially on a couple of long positions on the FTSE on Wednesday, which I should have given more room.
Just above my 2.5% benchmark, (the positions on GLEN and BP were pretty small).

On the subject of the Corona virus, I do think that we are wrecking whole economies on the basis of incomplete data. We simply do not know how deadly this virus is.

This is a good interview on this:




So now we have a four day weekend, but I won't be going very far from home. Not a great prospect really.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd April 2020

31 Trades:

2 AAL + 311 BPS.
2 BP + 224 BPS.
1 GLEN + 4,351 BPS.
2 RDSB + 23 BPS.
1 STAN + 2,027 BPS.
23 UK100 + 283 BPS.

14 long trades + 397 BPS.
17 short trades + 6,822 BPS.
27 intra-day trades + 484 BPS.
6 multi-day trade + 6,735 BPS.
Total trades net + 7,219 BPS.

Return on account for the week + 1.02 % net.
P:L ratio 35.6:1.
Days traded: 5.
Longest trade duration: 450 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Yet another active week on the global equity markets.

Markets again reacted to news on the Corona virus. On Thursday we saw a huge move on crude oil, after rumours of a deal between Russia and Saudi Arabia surfaced.

Brent crude moved over $10 in minutes:

Very tricky trading conditions, as the indices moved with every piece of news, I made a few very poor exits.
Well short of  my weekly 2.5% benchmark.
Over the week, the FTSE lost 95 points or 1.72 %.

For the month of March, I made 167 trades, for a net profit of 46 %.

Away from the markets, we are headed for the now the third weekend under the lock down where I live, not exactly ideal and hopefully the authorities will lift the restrictions of movement before too long. I get out for exercise (cycle or walk) and to walk the dog a couple of times a day, but that's about it at the moment.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.