Trading Summary Week Ended 5th May 2017 17 Stock Trades: 7 AAL + 399 BPS. 4 BLT + 65 BPS. 4 GLEN + 163 BPS. 2 RIO + 50 BPS. 4 long trades + 52 BPS. 13 short trades + 625 BPS. 13 intra-day trades + 585 BPS. 4 multi-day trades + 92 BPS Stocks net + 677 BPS. Return on account for the week + 7.48 % net. P:L ratio N/A. Days traded: 4. Longest trade duration: 5 days. Shortest trade duration: 7 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another shortened due to the May day bank holiday We had a sell off in the mining sector on Thursday, then a rebound on Friday. This weekend we have the results of the 2nd round of the French election (a very French way to organise things I reckon). Macron is forecast to win it, but there is an outside chance that Marine may become president of the republic, and that would spook the markets, especially the Euro. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 12th May 2017 13 Stock Trades: 1 AAL + 14 BPS. 4 BLT + 70 BPS. 4 GLEN + 51 BPS. 4 RIO + 48 BPS. 4 long trades + 70 BPS. 9 short trades + 113 BPS. 9 intra-day trades + 114 BPS. 4 multi-day trades + 69 BPS Stocks net + 183 BPS. Return on account for the week + 1.86 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 6 days. Shortest trade duration: 9 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A tough week, shares on my watch list were rangebound during the early part of the week. Well below my 2.5% benchmark. Hoping for more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 19th May 2017 15 Stock Trades: 2 AAL + 89 BPS. 1 BLT + 2 BPS. 6 GLEN + 101 BPS. 6 RIO - 5 BPS. 6 long trades + 131 BPS. 9 short trades + 56 BPS. 11 intra-day trades + 160 BPS. 3 multi-day trades + 27 BPS. Stocks net + 187 BPS. Return on account for the week + 1.91 % net. P:L ratio 4.2:1. Days traded: 3. Longest trade duration: 14 days. Shortest trade duration: 3 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A tough week, miners saw some strength in the early part of the week. I made some very poor entries and exits, all in all a very difficult week. I was away from Thursday after noon visiting the UK. Well below my 2.5% benchmark. Hoping for more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 26th May 2017 14 Stock Trades: 1 AAL + 16 BPS. 4 BLT + 199 BPS. 3 GLEN + 49 BPS. 6 RIO + 350 BPS. 12 long trades + 583 BPS. 2 short trades + 31 BPS. 10 intra-day trades + 257 BPS. 4 multi-day trades + 357 BPS. Stocks net + 614 BPS. Return on account for the week + 6.03 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 6 days. Shortest trade duration: 12 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another tough week's trading. Well above my 2.5% benchmark. Stocks on my regular list traded in tight ranges for most of the week. I caught a few decent moves early in the week. Hoping for more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 2nd June 2017 6 Stock Trades: 1 GLEN + 11 BPS. 5 RIO + 73 BPS. 5 long trades + 75 BPS 1 short trade + 9 BPS. 4 intra-day trades + 67 BPS. 2 multi-day trades + 17 BPS. Stocks net + 84 BPS. Return on account for the week + 0.90 % net. P:L ratio N/A. Days traded: 3. Longest trade duration: 2 days. Shortest trade duration: 9 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A four day week after the bank holiday in the UK. Well below my 2.5% benchmark. I struggled to find many opportunities. Hoping for more opportunities next week, when we have the general election in Great Britain. Should produce some volatility. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 9th June 2017 14 Stock Trades: 7 AAL + 241 BPS. 2 GLEN + 34 BPS. 5 RIO + 86 BPS. 4 long trades + 84 BPS 10 short trades + 277 BPS. 9 intra-day trades + 277 BPS. 5 multi-day trades + 84 BPS. Stocks net + 361 BPS. Return on account for the week + 3.72 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 28 days. Shortest trade duration: 5 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A better week after last week's lacklustre performance. We saw some volatility during the British election, when the Conservatives lost their majority. I bet Theresa May regrets calling that election now. Made a couple of very poor trade exits, basically because I didn't want to take the risk of the markets making a big down move after the election. In the end, the mining sector was up on Friday morning, the weakness of sterling may have been a factor in that rise. North of of my 2.5% weekly benchmark. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 16th June 2017 12 Stock Trades: 8 AAL + 318 BPS. 1 GLEN + 30 BPS. 3 RIO + 126 BPS. 2 long trades + 62 BPS 10 short trades + 412 BPS. 8 intra-day trades + 226 BPS. 4 multi-day trades + 248 BPS. Stocks net + 474 BPS. Return on account for the week + 5.05 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 41 days. Shortest trade duration: 6 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A very challenging week's trading. The early part of the week was pretty quiet. then we saw a big sell off in mining and resource stocks on Wednesday afternoon, which continued into Thursday. Friday saw a weak rally. AAL, RIO, BLT all made new 10 day lows on Thursday. AAL broke lower on Friday. Made some very poor trade exists, closing a couple of short positions way too early. This is something I need to address. North of my 2.5% weekly benchmark, but I could have more than doubled that return with better trade exits. Looking forward to more opportunities, and to trade them better, next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 23rd June 2017 11 Stock Trades: 6 AAL + 523 BPS. 4 GLEN - 337 BPS. 1 RIO + 12 BPS. 1 long trades - 554 BPS 10 short trades + 752 BPS. 1 intra-day trades + 53 BPS. 10 multi-day trades + 145 BPS. Stocks net + 198 BPS. Return on account for the week + 1.67 % net. P:L ratio 1.45:1. Days traded: 5. Longest trade duration: 17 days. Shortest trade duration: 111 min. No Index trades. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another very challenging week's trading. Miners sold off again this week, crude and other commodities were also weak. Some very difficult trading conditions, and I made a couple of very poor trade exits. I managed to end the week positive, but not sure if it was worth the stress. Well below my 2.5% weekly benchmark. Looking forward to more opportunities, and to trade them better, next week. Stay disciplined. Stay focussed. Stay humble.
Hi Mo06, May I ask why the preference for LSE stocks and not U.S stocks? I am put off by the 0.5% stamp fee which is the largest stock transaction tax in the world. There are more opportunities in the U.S market (largest and most liquid stock market in the world) and commissions are so low. Do you use CFD to bypass the high stamp fee?
Hi, I trade CFDs so no stamp duty. I have traded US stocks in the past but being in the European time zone, the hours are really, really crappy (market open at 1530, finish at 2200). Hence my preference for UK stocks. I prefer to have a life after 6pm.