Ouch . Painful week but that weekly winning streak is very impressive. Apart from avoiding trading when company news is coming up I'm not sure you can do much about it. Sometimes you win those things, sometimes you lose, and then things can blow up at anytime anyway with BP (pipelines, rigs etc).
Summary Week Ended Friday 12th September 2014 7 Stock Trades: 5 AAL + 75.05 BPS. 2 BP + 73.23 BPS. 6 long trades: + 148.28 BPS. Stocks net + 148.28 BPS. 4 intraday trades, 3 overnight. I traded 4 days this week. Return on account for the week + 2.37 % net. P:L ratio was N/A (no losing trades). No Index trades. Thoughts A quiet week after last week's debacle. Below my 2.5% benchmark. I found it difficult to find decent trades this week. Miners were weaker, the FTSE mining index was down over 230 BPS over the five days. Changes on the week: Hopefully more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Summary Week Ended Friday 19th September 2014 6 Stock Trades: 6 AAL + 74.92 BPS. 6 long trades: + 74.92 BPS. Stocks net +74.92 BPS. 6 intraday trades, 0 overnight. I traded 4 days this week. Return on account for the week + 1.28 % net. P:L ratio was N/A (no losing trades). No Index trades. Thoughts A quiet week. Well below my 2.5% benchmark. Choppy markets, and I found it difficult to find decent trades this week. Markets were fairly quiet in the run up to the Scottish independence decision. We saw a bit of a rally after the 'NO' vote on Friday, although the miners remained very weak. As for Salmond, I see no reason why he should not dragged to the Tower and tried for High Treason. After that, he should be boiled very slowly in a vat of Brown Windsor soup, in public of course, maybe at Tyburn. But I bet that won't happen... Changes on the week: Hopefully more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
You're not the first person to have said that on ET! It would boost visitor numbers. He married an idea years or decades ago and couldn't let it go. There is a case for independence, but a stronger case against. Glad it's over.
I've not posted an update for several weeks. Unfortunately, I suffered a pretty sizable drawdown last month, due to a disasterous position in SBRY. Held too long and I paid the price. I shall resume weekly updates shortly. At the moment 2014 is not looking too good, but I am not completely defeated.
Summary Week Ended Friday 31st October 2014 10 Stock Trades: 5 AAL + 166.82 BPS. 4 BARC + 227.57 BPS. 1 STAN - 172.33 BPS. 6 long trades - 5.51 BPS. 4 short trades + 227.57 BPS. Stocks net + 222.06 BPS. 9 intraday trades, 1 overnight. I traded 4 days this week. Return on account for the week + 16.70 % net. P:L ratio 2.81:1. No Index trades. Thoughts A difficult week, a poor STAN trade after results. Fortunately the STAN trade was small, so I actually produced a net profit for the week. Markets were stronger, although the miners were weak, and both BLT and RIO made new 52 week lows. STAN fell to levels it last traded at back on 2009. Meanwhile BARC saw some volatility late on Friday after the BoE released new capital requirements for British banks. Overall, October has been a bit of a disaster for my trading, and I have lost a lot of confidence. Hoping for better opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended Friday 1st May 2015 4 Stock Trades: 2 AAL + 31.77 BPS. 2 STAN + 56.06 BPS. 1 long trade + 16.30 BPS. 3 short trades + 71.52 BPS. Stocks net + 87.82 BPS. All intraday trades. I traded 3 days this week. Return on account for the week + 1.63 % net. P:L ratio 63:1. No Index trades. Thoughts A quiet week, struggled to find decent trades, although I missed a very strong reversal on the miners on Friday after Thursday's sell off. Hoping for better opportunities next week. Stay disciplined. Stay focussed. Stay humble.