Trading Summary Week Ended 13th July 2018 24 Stock Trades: 4 AAL + 543 BPS. 2 BLT + 42 BPS. 3 BP + 92 BPS. 3 GLEN + 366 BPS. 5 MCRO + 214 BPS. 7 UK100 + 66 BPS. 9 long trades + 188 BPS. 15 short trades + 1135 BPS. 15 intra-day trades + 473 BPS. 9 multi-day trades + 850 BPS. Stocks net + 1323 BPS. Return on account for the week + 5.38 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 50 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another volatile week on the equity markets. MCRO came out with results on Wednesday and the stock sold off sharply. The commodity stocks also sold off midweek on more trade tariff concerns. Equity markets then rallied into the end of the week. I was pretty busy this week, closing 24 trades. Above my weekly 2.5% benchmark, but it should have been higher. My trade entries were poor, especially on MCRO. Trades on the short side were much better performers over the week, as shown in the figures above, short trades being over six times more profitable. Crude oil was very volatile with a sell off midweek. Looking forward to more trading opportunities next week. That and watching the Tour de France. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 20th July 2018 12 Stock Trades: 1 AAL + 20 BPS. 1 BLT + 176 BPS. 5 GLEN + 197 BPS. 2 MCRO + 52 BPS. 3 UK100 + 56 BPS. 4 long trades + 249 BPS. 8 short trades + 252 BPS. 6 intra-day trades + 137 BPS. 6 multi-day trades + 364 BPS. Stocks net + 501 BPS. Return on account for the week + 2.60 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 3 days. Shortest trade duration: 7 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A difficult week on the equity markets. Made some very poor trade exits. Just above my weekly 2.5% benchmark. Crude oil was weak again, as was gold. Looking forward to more trading opportunities next week. That and enjoying the Tour de France. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 27th July 2018 11 Stock Trades: 4 AAL + 118 BPS. 1 BLT + 29 BPS. 2 FRES + 93 BPS. 1 RDSB + 9 BPS. 3 UK100 - 32 BPS. 7 long trades + 99 BPS. 4 short trades + 118 BPS. 7 intra-day trades + 180 BPS. 4 multi-day trades + 37 BPS. Stocks net + 217 BPS. Return on account for the week + 0.60 % net. P:L ratio 1.91:1. Days traded: 5. Longest trade duration: 42 days. Shortest trade duration: 12 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A quieter week on the equity markets. Well below my weekly 2.5% benchmark. I missed some good trades, and made some poor ones. Crude oil rallied, as did copper. Mining stocks had a strong rally on Tuesday, before selling off on Wednesday. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 3rd August 2018 21 Stock Trades: 5 AAL + 296 BPS. 2 BARC + 56 BPS. 1 BLT + 28 BPS. 3 GLEN + 156 BPS. 1 RR + 13 BPS. 7 STAN + 82 BPS. 2 UK100 + 7 BPS. 6 long trades + 156 BPS. 15 short trades + 482 BPS. 15 intra-day trades + 349 BPS. 6 multi-day trades + 289 BPS. Stocks net + 638 BPS. Return on account for the week + 1.92 % net. P:L ratio 30.2:1. Days traded: 5. Longest trade duration: 16 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A quieter week on the equity markets. The widely anticipated base rate increase on Thursday actually happened. The Bank of England raised rates by 25 BPS. Equity markets were weaker with the commodity stocks hit. Well below my weekly 2.5% benchmark. I missed some good trades, and made some very poor exits, including a STAN short which I should have held a lot longer, and the day after, a long on the same stock which I closed much too soon. All pretty frustrating. In fact my trading was pretty poor all round. Hopefully my trading can improve for the rest of the month. Also trading under the new ESMA rules this week. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 10th August 2018 21 Stock Trades: 1 AAL + 145 BPS. 1 BLT + 39 BPS. 1 FRES + 29 BPS. 7 GLEN + 418 BPS. 4 MCRO + 118 BPS. 2 STAN + 43 BPS. 5 UK100 + 71 BPS. 9 long trades + 198 BPS. 11 short trades + 664 BPS. 13 intra-day trades + 292 BPS. 8 multi-day trades + 570 BPS. Stocks net + 862 BPS. Return on account for the week + 3.16 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 6 days. Shortest trade duration: 3 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another busy week on the equity markets. GLEN missed estimates when it reported on Wednesday. The shares initially sold off before rallying. We saw a sell off in equities on Friday morning, not really sure what triggered that, but I took advantage of it, closing a couple of short positions. FRES was volatile on Friday, falling over 5% before rallying strongly later in the afternoon (closed too early again). Above my weekly 2.5% benchmark anyway, first time for a couple of weeks, which is good. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 17th August 2018 20 Stock Trades: 7 AAL + 421 BPS. 1 ANTO + 20 BPS. 2 BARC + 42 BPS. 2 FRES + 25 BPS. 2 GLEN + 107 BPS. 6 UK100 + 33 BPS. 10 long trades + 113 BPS. 10 short trades + 535 BPS. 14 intra-day trades + 388 BPS. 6 multi-day trades + 260 BPS. Stocks net + 648 BPS. Return on account for the week + 2.35 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 22 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another very challenging week on the equity markets. Equity markets sold off on fears over the effects of Turkey's currency weakening. The FTSE fell below the 7500 level for the fist time since April this year, in fact it stopped just above the 200 DMA. The mining sector took a huge hit on Wednesday, with the likes of FRES falling over 9%. We had a bit of a recovery on Thursday and then on Friday, (expiration day) markets were weaker again. All in all a difficult week. Some very premature exits on short positions. Well below my weekly 2.5% benchmark. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 24th August 2018 22 Stock Trades: 2 AAL + 66 BPS. 1 BLT + 19 BPS. 4 GLEN + 147 BPS. 1 SGE + 22 BPS. 13 UK100 + 66 BPS. 6 long trades + 73 BPS. 16 short trades + 247 BPS. 16 intra-day trades + 183 BPS. 6 multi-day trades + 137 BPS. Stocks net + 320 BPS. Return on account for the week + 1.17 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 5 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A difficult week on the equity markets. Markets were range - bound for most of the week. I scalped a few points off the FTSE, as well as stocks, but it was very tricky going all week. Well below my weekly 2.5% benchmark. We have a long weekend since the LSE is closed on Monday for the bank holiday. And the start of the Vuelta on Saturday. Hopefully we'll see better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 31st August 2018 17 Stock Trades: 2 AAL + 55 BPS. 4 MCRO + 115 BPS. 2 RDSB + 9 BPS. 1 SGE + 27 BPS. 2 STAN + 65 BPS. 6 UK100 + 56 BPS. 8 long trades + 126 BPS. 9 short trades + 201 BPS. 16 intra-day trades + 308 BPS. 1 multi-day trades + 19 BPS. Stocks net + 327 BPS. Return on account for the week + 1.34 % net. P:L ratio N/A. Days traded: 4. Longest trade duration: 1 day. Shortest trade duration: 8 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A four day week after the August bank holiday on Monday. Equity markets started the week in bullish mode after the US market made new all time highs. UK equities sold off on Thursday, partly as a result of the rise in sterling against the USD. This was despite the SPX making a new all time high again on Wednesday night. The FTSE dipped back below the 7500 level again on Friday, to close below the 200 DMA for the first time since April. MCRO was very volatile on Tuesday after announcing a buy back programme, I made a couple of poor trade exits on it, should have netted a couple of hundred BPS or more. Poor trading overall, and well below my weekly 2.5% benchmark. August has been a difficult month to trade, I made 94 trades and a net return of almost exactly 10%. The FTSE 100 lost just over 4% in August. Hopefully I can find better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 7th September 2018 30 Stock Trades: 5 AAL + 553 BPS. 1 BLT - 370 BPS. 7 GLEN + 636 BPS. 2 MCRO + 23 BPS. 1 RDSB + 12 BPS. 3 STAN - 396 BPS. 13 UK100 + 199 BPS. 7 long trades - 775 BPS. 23 short trades + 1432 BPS. 16 intra-day trades + 401 BPS. 16 multi-day trades + 256 BPS. Stocks net + 657 BPS. Return on account for the week + 2.67 % net. P:L ratio 2.2:1. Days traded: 5. Longest trade duration: 142 days. Shortest trade duration: 3 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Bit of a crazy week, equity markets started the month of September in bullish mode on Monday, but then sold off on Tuesday and Wednesday, breaking below 7400, and then breaking 7300 on Friday. By Friday morning, the FTSE had come off over 540 points (7 %) from the 8th of August high of 7790. The index closed just over 2 % down for the week. Commodity stocks were hit by strength in sterling yet again. A busy week, difficult trading conditions overall, just north of my weekly 2.5% benchmark return. Hopefully I can find more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 14th September 2018 24 Stock Trades: 1 AAL + 100 BPS. 1 BP + 10 BPS. 2 GLEN + 248 BPS. 1 MCRO + 9 BPS. 1 SSE + 13 BPS. 1 STAN + 12 BPS. 17 UK100 + 178 BPS. 2 long trades + 23 BPS. 22 short trades + 547 BPS. 20 intra-day trades + 324 BPS. 4 multi-day trades + 246 BPS. Stocks net + 570 BPS. Return on account for the week + 1.95 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 146 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another volatile week on the equity markets, the FTSE broke last week's low on Tuesday morning after more developments in the ongoing trade war between the US and China. Then we had a rally on Wednesday which continued to the end of the week. A very difficult week, mainly scalping points on the FTSE, I closed a couple of short trades very early, well short of my weekly 2.5% benchmark return. Hopefully I can find more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.