Diary of an LSE stock trader

Discussion in 'Journals' started by Mo06, Dec 12, 2012.

  1. Mo06

    Mo06

    Trading Summary Week Ended 7th April 2017

    16 Stock Trades:

    10 AAL + 188 BPS.
    1 BARC + 16 BPS.
    3 BLT + 33 BPS.
    2 GLEN + 114 BPS.
    9 long trades + 152 BPS.
    7 short trades + 199 BPS.
    13 intra-day trades + 181 BPS.
    3 multi-day trades + 170 BPS.
    Stocks net + 351 BPS.
    Return on account for the week + 5.00 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 15 days.
    Shortest trade duration: 2 min.
    No Index trades.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A decent week's trading.
    Well north of my 2.5% benchmark. A good start to the month.
    Struggled to find decent trading opportunities early in the week, but Thursday and Friday saw more volatility. I made a couple of very poor trade exits.
    Miners were strong midweek but sold off towards the weekend.

    Hoping for more opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #181     Apr 7, 2017
  2. Mo06

    Mo06

    Trading Summary Week Ended 14th April 2017

    13 Stock Trades:

    6 AAL + 90 BPS.
    4 BLT + 68 BPS.
    1 GLEN + 14 BPS.
    2 RIO + 20 BPS.

    7 long trades + 101 BPS.
    6 short trades + 91 BPS.
    12 intra-day trades + 187 BPS.
    1 multi-day trade + 5 BPS.
    Stocks net + 192 BPS.
    Return on account for the week + 3.04 % net.
    P:L ratio N/A.
    Days traded: 4.
    Longest trade duration: 1 day.
    Shortest trade duration: 2 min.
    No Index trades.

    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A four day week due to the Good Friday bank holiday in the UK.

    Struggled to find decent trading opportunities this week. Miners sold off on Wednesday and Thursday as metal prices weakened.

    Hoping for more opportunities next week (also a four day week).


    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #182     Apr 14, 2017
  3. Visaria

    Visaria

    You only trading stocks? Just wondering since would have thought these two numbers would be the same.
     
    #183     Apr 14, 2017
  4. Mo06

    Mo06

    Yes stocks only (via CFDs).

    Reason for the higher figure is that I am using some leverage (not a lot though).
     
    #184     Apr 14, 2017
  5. Visaria

    Visaria

    Ah ok. Btw, did you take 2016 off?
     
    #185     Apr 14, 2017
  6. Mo06

    Mo06

    Yes most of it.
     
    #186     Apr 14, 2017
  7. Mo06

    Mo06

    Trading Summary Week Ended 21st April 2017

    28 Stock Trades:


    7 AAL + 152 BPS.
    2 BARC + 25 BPS.
    5 BLT + 122 BPS.
    14 RIO + 252 BPS.

    6 long trades + 92 BPS.
    22 short trades + 459 BPS.
    21 intra-day trades + 335 BPS.
    7 multi-day trade + 216 BPS.
    Stocks net + 551 BPS.
    Return on account for the week + 8.12 % net.
    P:L ratio N/A.
    Days traded: 4.
    Longest trade duration: 22 days.
    Shortest trade duration: 3 min.
    No Index trades.

    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A four day week due to the Easter Monday bank holiday in the UK.

    A very volatile week, miners sold off heavily on Tuesday after the long weekend. They rallied on Friday after RIO issued a production update, only to sell off again later in the day.
    Pretty busy by my standards with an average of seven trades per day.
    Made some poor entries and a couple of very poor exits (including a short on RIO closed 3152, after which RIO broke down to 3080).

    Well above my 2.5% benchmark, which is good.
    Hoping for more opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #187     Apr 21, 2017
    Visaria likes this.
  8. Visaria

    Visaria

    May I ask what amount of capital you are using?
     
    #188     Apr 23, 2017
  9. Mo06

    Mo06

    Less than £100K
     
    #189     Apr 23, 2017
    Visaria likes this.
  10. Mo06

    Mo06

    Trading Summary Week Ended 28th April 2017

    29 Stock Trades:


    8 AAL + 493 BPS.
    2 BARC + 54 BPS.
    3 BLT + 45 BPS.
    5 GLEN + 202 BPS.
    8 RIO + 206 BPS.
    3 STAN + 42 BPS.

    7 long trades + 238 BPS.
    22 short trades + 804 BPS.
    19 intra-day trades + 393 BPS.
    10 multi-day trades + 649 BPS
    Stocks net + 1042 BPS.
    Return on account for the week + 15.11 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 6 days.
    Shortest trade duration: 1 min.
    No Index trades.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A five day week after a couple of short weeks due to Easter.
    Monday saw a strong open, after Macron won the first round of the French elections.
    Miners rallied on Monday but sold off on Tuesday, a downgrade of BLT, RIO and AAL from Goldmans didn't help.
    Wednesday was very volatile with earnings out for STAN and GSK, also a production update from BLT.
    We had another sell off in the mining sector on Thursday afternoon, then a rebound on Friday.
    And then BARC announced disappointing results on Friday morning, after which the shares sank more than 5%.
    In other words, ideal trading conditions.

    Well above my 2.5% benchmark, and the best week of the year so far.
    Just under six trades per day average.
    Hoping for more weeks like this. Next week is another four day week.


    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #190     Apr 28, 2017
    Visaria likes this.