Summary Week Ended Friday 14th March 2014 3 Stock Trades: 1 BARC + 12.82 BPS 2 BLT + 17.75 BPS Stocks net + 30.58 BPS All long trades, intraday. I traded 3 days this week. Return on account for the week 0.53 %. No losing trades, so P:L ratio was N/A. No Index trades, I am concentrating on stocks. Thoughts A quiet week for me. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Good afternoon, I've been following your journal for the last few months and thought it was about time I thanked you for providing what has been a source of inspiration. It looks like you're averaging 2-3% per week which is encouraging (for those of us who aren't quite there yet). Your posts give the impression you're highly disciplined, something I'm still learning about. Has posting to this journal helped you stay disciplined and would you recommend it? I'm unsure whether maintaining my journal publicly like this would help or hinder. J
Hi, thanks for your comments. I'm still working on the discipline. I think that making a journal public like this can definitely help, but only if the individual is completely honest with him/herself of course. I try to run my trading as much like a business as I can, so writing a weekly update seems logical to me. Good luck with your trading.
I'm still finding my feet but it's apparent organisation and discipline are key. Your Stay disciplined, Stay focussed lines ring true. Cheers, and good trading.
Summary Week Ended Friday 21st March 2014 No stock trades closed this week. Stay disciplined. Stay focussed. Stay humble.
Summary Week Ended Friday 28th March 2014 16 Stock Trades: 15 AAL + 347.86 BPS 1 BLT + 3.30 BPS Stocks net + 351.16 BPS Long and short trades, intraday and overnight. I traded 5 days this week. Return on account for the week 3.30 % net. P:L ratio was 1.47:1. No Index trades, I am concentrating on stocks. Thoughts Quite a difficult week for me. I was away in London at the weekend, and I had a swing long position in AAL from the previous week (with stops in the market), which I closed for a smallish profit on Monday when I returned to my desk. Sitting in the airport checking prices on my phone was interesting. But sometimes it is better to just let the trade look after itself, it's a very difficult area, and I'm still learning this game. My entries could have been a lot better but a profit is a profit, however small. Still above my 2% weekly return benchmark, so not too bad. A volatile week on the miners, but the sector recovered from the lows of the previous week when copper fell sharply. Gold dropped below $1300 on Thursday. Chart of the FTSE mining sector attached. Banks also weakened, and the FTSE was volatile. It's been a decent month, but we still have Monday before it's over. Posting this on Friday morning as I've done for the week . Looking forward to more opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Summary Week Ended Friday 4th April 2014 10 Stock Trades: 2 AAL + 14.97 BPS 8 BLT + 69.58 BPS Stocks net + 84.55 BPS All short trades, all intraday. I traded 4 days this week. Return on account for the week 1.39 % net. P:L ratio was 4.47:1. No Index trades, I am concentrating on stocks. Thoughts A quieter week. Below my 2% weekly return benchmark, reflecting the fact that I didn't find many opportunities to trade. A profit is still better than a loss of course. Miners saw more strength this week after the recent sell - off in the sector. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Summary Week Ended Friday 11th April 2014 20 Stock Trades: 4 AAL + 91.13 BPS 13 BLT + 139.08 BPS 2 EZJ + 57.65 BPS 1 STAN + 11.31 BPS Stocks net + 299.17 BPS Long and short trades, intraday and overnight. I traded 5 days this week. Return on account for the week 4.54 % net. P:L ratio was 7.08:1. No Index trades, I am concentrating on stocks. Thoughts We saw some nice volatility this week. A decent week, trading, although my exits could have been much better, especially on EZJ ! Above my 2% weekly return benchmark, which was encouraging. I'm often too early moving my stops to lock in a profit, a couple of trades on AAL were a classic example, since I had a first target sell @ 1588, but was stopped out for a small profit @ 1570. In the next few minutes AAL traded to 1592.50.. In retrospect, I should have been more patient with the position. Equity markets sold off early in the week but rebounded strongly midweek, only to fall back on Friday. Friday was very busy for me with 6 trades (round trips) made in BLT, AAL and EZJ. It's Friday afternoon, and I'm done for the week. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Summary Week Ended Friday 18th April 2014 17 Stock Trades: 4 AAL + 56.29 BPS 10 BLT + 111.30 BPS 3 EZJ + 32.21 BPS Stocks net + 199.80 BPS All long trades, all intraday. I traded 4 days this week. Return on account for the week 2.93 % net. P:L ratio was 10.89:1. No Index trades, I am concentrating on stocks. Thoughts A quieter week. Stocks on my watch list traded in fairly narrow ranges, and so I had to scalp what I could. Well above my 2% weekly return benchmark, which is good. The London market is closed on Friday and Monday for Easter, so we have two, four day weeks, and volumes were nothing special during the week as many people are away from the markets at this time of year. Not me of course ! It's Thursday lunchtime, and I think I'm done for the week. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Summary Week Ended Friday 25th April 2014 11 Stock Trades: 9 AAL + 48.07 BPS 2 STAN + 24.04 BPS Stocks net + 72.11 BPS Long and short trades, all intraday. I traded just 3 days this week. Return on account for the week 1.72 % net. P:L ratio was 2.02:1. No Index trades, I am concentrating on stocks. Thoughts A pretty quiet week. Monday was a holiday, and I struggled to find decent opportunies. I missed a couple of very nice opportunities on BARC and EZJ. On Friday we saw a bit of a sell off and I didn't fancy carrying positions over the weekend, with the Ukraine situation the way it is at the moment. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.