Trading Summary Week Ended 11th May 2018 14 Stock Trades: 2 AAL + 169 BPS. 2 BLT + 57 BPS. 2 BT.A + 125 BPS. 2 BP + 49 BPS. 2 GLEN + 126 BPS. 4 UK100 + 149 BPS. 11 long trades + 563 BPS. 3 short trades + 112 BPS. 9 intra-day trades + 350 BPS. 5 multi-day trades + 325 BPS. Stocks net + 675 BPS. Return on account for the week + 5.80 % net. P:L ratio N/A. Days traded:4. Longest trade duration: 22 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 May bank holiday. The FTSE made yet another 30 day high on Tuesday, Wednesday, Thursday and Friday. The rally shows no sign of ending. Miners and oil stocks were volatile again, crude oil was bid higher after Donald Trump cancelled the Iran deal. BT.A fell over 8% on Thursday after releasing results. I scalped a few points on a couple of longs on it. Made a few very poor trade exits this week, including closing BLT long much too soon, given how strong the sector was. Well above my 2.5% weekly benchmark. Looking forward to further opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 18th May 2018 13 Stock Trades: 1 AAL + 46 BPS. 3 BLT + 292 BPS. 2 BP + 172 BPS. 3 GLEN + 142 BPS. 4 UK100 + 155 BPS. 13 long trades + 807 BPS. 0 short trades. 5 intra-day trades + 191 BPS. 8 multi-day trades + 616 BPS. Stocks net + 807 BPS. Return on account for the week + 6.34 % net. P:L ratio N/A. Days traded:5. Longest trade duration: 4 days. Shortest trade duration: 11 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another strong week for the commodity stocks, as Brent crude hit the $80 mark. BP and Shell both made new 52 week highs this week, helping the FTSE rally. Three of the big four mining stocks made new 52 week highs, as did the FTSE mining index, which broke above 20,000 for the first time since February 2013. GLEN was volatile of Friday after news of a bribery investigation. FTSE made a new all time closing high on Thursday, the rally shows no signs of ending. Looking forward to further opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 25th May 2018 11 Stock Trades: 2 AAL + 140 BPS. 2 BLT + 152 BPS. 3 GLEN + 142 BPS. 4 UK100 + 136 BPS. 11 long trades + 570 BPS. 0 short trades. 6 intra-day trades + 249 BPS. 5 multi-day trades + 321 BPS. Stocks net + 570 BPS. Return on account for the week + 3.65 % net. P:L ratio N/A. Days traded:5. Longest trade duration: 5 days. Shortest trade duration: 10 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts The rally in the commodity stocks continued in the early part of the week, but then we saw a sell off on Wednesday morning. Crude oil saw a serious sell off on Friday. FTSE made new all time highs on Monday and Tuesday. The index has now rallied nearly 15% off the March lows. Trading was difficult, and I made some poor entries and exits, selling the mining stocks rally too early. Still, just above my weekly 2.5% benchmark. Looking forward to a long weekend, and more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 1st May 2018 10 Stock Trades: 2 AAL + 41 BPS. 1 BLT + 111 BPS. 1 GLEN + 63 BPS. 6 UK100 + 49 BPS. 2 long trades + 174 BPS. 8 short trades + 90 BPS. 5 intra-day trades + 56 BPS. 5 multi-day trades + 208 BPS. Stocks net + 264 BPS. Return on account for the week + 1.06 % net. P:L ratio 3.5:1. Days traded: 4. Longest trade duration: 21 days. Shortest trade duration: 8 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A very difficult week's trading. The London markets were closed on Monday for the bank holiday. Political uncertainty in Italy sparked a sell off across Europe early in the week. Markets then bounced on Friday. Commodity stocks gained strength over the week. The net return is lower than the BPS figure would suggest, due to dividends deducted from an overnight short position. Well below my weekly 2.5% benchmark. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 8th June 2018 21 Stock Trades: 2 AAL + 54 BPS. 1 BP + 40 BPS. 3 BLT + 189 BPS. 1 FRES + 26 BPS. 14 UK100 + 127 BPS. 14 long trades + 374 BPS. 7 short trades + 62 BPS. 15 intra-day trades + 224 BPS. 6 multi-day trades + 212 BPS. Stocks net + 436 BPS. Return on account for the week + 2.95 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 16 days. Shortest trade duration: 5 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another tough week's trading. Markets were quieter during the first part of the week. Miners were strong, as were the metals. The FTSE held above the 7700 level for most of the week. On Thursday, due to technical problems the LSE didn't open at the usual 8 am, so we had the FTSE futures trading but no stocks open and the FTSE cash closed. I managed to profit a few points on a couple of shorts when the FTSE futures were pricing in a 60 point plus rally at the open. Sure enough, the futures fell sharply after the cash finally opened at 9am. Actually I closed too early, lowering my stop too agressively. Markets sold off again on Friday morning, before rallying around midday then selling off again. All in all, a volatile week. Made a few very poor trades exits again this week. Just north of my weekly 2.5% benchmark. Looking forward to more trading opportunities next week. (The previous post was titled the 1st of May by mistake, should have been 1st of June). Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 15th June 2018 16 Stock Trades: 2 AAL + 44 BPS. 1 BP + 21 BPS. 3 BLT + 125 BPS. 1 GLEN + 35 BPS. 1 OCDO + 88 BPS. 1 RR + 54 BPS. 7 UK100 + 64 BPS. 8 long trades + 234 BPS. 8 short trades + 197 BPS. 11 intra-day trades + 309 BPS. 5 multi-day trades + 122 BPS. Stocks net + 431 BPS. Return on account for the week + 2.14 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 15 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A difficult week's trading. Markets were pretty range bound during the first part of the week. We saw a sell off after the US Fed raised rates by 25 BPS on Wednesday night, before a strong rally on Thursday, then a sell off on Friday. Made a few very poor trades exits again this week, especially on my RR short, which dropped over 500 BPS from the early high on Friday. Well short of my weekly 2.5% benchmark. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 22nd June 2018 11 Stock Trades: 1 AAL + 36 BPS. 2 BP + 28 BPS. 1 RR + 41 BPS. 7 UK100 + 129 BPS. 6 long trades + 91 BPS. 5 short trades + 143 BPS. 6 intra-day trades + 131 BPS. 5 multi-day trades + 103 BPS. Stocks net + 234 BPS. Return on account for the week + 2.00 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 5 days. Shortest trade duration: 5 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A quieter week, markets were range - bound for most of the week. Crude spiked higher on Friday following a meeting of OPEC. BP was volatile, and I closed a long position in it far too early, mainly as as my entry was poor, and I didn't want to let it fall back into the red. Patience is virtue for a trader. Well short of my weekly 2.5% benchmark. Looking forward to better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Amazing returns, would definitely invest in this if it was a fund with an audited track record. Only concern is a bit of negative skewness. Graphs based on the last 116 posts where you recorded the weekly PnL after the text "Return on account for the week" (automatically extracted)
Trading Summary Week Ended 29th June 2018 24 Stock Trades: 7 AAL + 508 BPS. 3 BLT + 241 BPS. 2 BP + 141 BPS. 3 GLEN + 104 BPS. 4 MCRO + 33 BPS. 5 UK100 + 27 BPS. 9 long trades + 348 BPS. 15 short trades + 706 BPS. 13 intra-day trades + 550 BPS. 11 multi-day trades + 504 BPS. Stocks net + 1054 BPS. Return on account for the week + 4.59 % net. P:L ratio 35.3:1. Days traded: 5. Longest trade duration: 49 days. Shortest trade duration: 3 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A busy week's trading. Equity markets sold off on Monday, with the commodity sectors being badly hit. We saw some rebound on Tuesday and Wednesday, with crude oil having a very strong rally. On Thursday equity markets sold off after Wall street reversed its gains on Wednesday night. Then we saw a rally early on Friday. Miners and other commodity stocks were volatile again. I made a few poor trade exits, including selling BP too early into the rally on Wednesday, and closing a couple of shorts into the decline on Thursday. I also closed a MCRO long trade criminally early on Thursday - patience.... North of my weekly 2.5% benchmark anyway. I made 77 trades during June, with a net return of just over 13%. Looking forward to better trading opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 6th July 2018 23 Stock Trades: 5 AAL + 286 BPS. 4 BLT + 156 BPS. 5 GLEN + 306 BPS. 1 MCRO + 38 BPS. 8 UK100 + 48 BPS. 9 long trades + 236 BPS. 14 short trades + 598 BPS. 19 intra-day trades + 558 BPS. 4 multi-day trades + 276 BPS. Stocks net + 834 BPS. Return on account for the week + 3.90 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 61 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A volatile start to the week, stocks sold off at the open on Monday. GLEN took a huge hit on Tuesday after the company received a subpoena from the US Department of Justice. The stock was down over 12% intraday at one point. Almost unbelievably, I had closed a short position on GLEN the day before - not-so-great timing. I scalped a few points on the rebound but my entries and exits were very poor. US markets were closed on Wednesday, then we a had a rally on Thursday. Above my weekly 2.5% benchmark, but it should have been a lot higher. Of course, this weekend sees the start of the greatest sporting event of the year - the Tour de France, which means that I will be trying to trade, whilst glued to the coverage of the cycling for the next three weeks. Looking forward to more trading opportunities, and some exciting racing next week. Stay disciplined. Stay focussed. Stay humble.