Trading Summary Week Ended 21st September 2018 26 Stock Trades: 2 AAL + 23 BPS. 1 GLEN + 27 BPS. 2 MCRO + 29 BPS. 2 SSE + 38 BPS. 2 STAN + 137 BPS. 17 UK100 + 191 BPS. 1 long trades + 22 BPS. 25 short trades + 423 BPS. 24 intra-day trades + 397 BPS. 2 multi-day trades + 48 BPS. Stocks net + 445 BPS. Return on account for the week + 2.01 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 4 days. Shortest trade duration: 4 mins. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another volatile week on the equity markets. Mining stocks found some buyers this week, and the FTSE mining index was up over 7% over the last five days. A difficult week, well short of my weekly 2.5% benchmark return. Hoping for better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 28th September 2018 26 Stock Trades: 7 AAL + 151 BPS. 2 BLT + 40 BPS. 2 BP + 138 BPS. 2 MCRO + 30 BPS. 1 STAN + 8 BPS. 12 UK100 + 75 BPS. 13 long trades + 339 BPS. 13 short trades + 103 BPS. 22 intra-day trades + 288 BPS. 4 multi-day trades + 154 BPS. Stocks net + 442 BPS. Return on account for the week + 1.68 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 78 days. Shortest trade duration: 5 mins. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A quieter week on the equity markets. Commodity stocks were strong this week, with BP and Shell making new 30 day highs on Tuesday. Another difficult week's trading, finding scalp trades mainly, well short of my weekly 2.5% benchmark return. September was a fairly active month for me, I made 108 trades, and the net return was 9.12 %, slightly lower than in August (although I made fewer trades in August). Hoping for some decent trading opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 5th October 2018 37 Stock Trades: 8 AAL + 197 BPS. 3 BLT + 57 BPS. 1 BP + 86 BPS. 1 FRES + 11 BPS. 2 GLEN + 46 BPS. 2 STAN + 185 BPS. 2 TSCO + 45 BPS. 18 UK100 + 108 BPS. 23 long trades + 475 BPS. 14 short trades + 260 BPS. 31 intra-day trades + 236 BPS. 6 multi-day trades + 299 BPS. Stocks net + 735 BPS. Return on account for the week + 1.93 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 14 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A busy week on the equity markets. The FTSE broke below 7350 again on Friday. Commodity stocks were all weaker. Another difficult week's trading, I made some very poor trade exits, especially on the short side. Well short of my weekly 2.5% benchmark return. Hoping for some decent trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 12th October 2018 41 Stock Trades: 5 AAL + 172 BPS. 2 BLT + 205 BPS. 5 BP + 111 BPS. 1 FRES + 41 BPS. 4 GLEN + 147 BPS. 3 MCRO + 58 BPS. 3 RR - 225 BPS. 2 STAN + 25 BPS. 16 UK100 + 432 BPS. 15 long trades + 100 BPS. 26 short trades + 866 BPS. 29 intra-day trades + 681 BPS. 6 multi-day trades + 285 BPS. Stocks net + 966 BPS. Return on account for the week + 4.56 % net. P:L ratio 22.4:1. Days traded: 5. Longest trade duration: 190 days. Shortest trade duration: 5 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Quite a week ! The markets took a big swing lower during the week, the FTSE traded below 7000 for the first time in months, it closed the week at 6995.91, down 4.41% on last Friday's close. Certainly a lot of volatility for the active trader. Over my weekly 2.5% benchmark return for a change, first time since September. Made a few poor entries and exits, it was one of those weeks when you really couldn't leave the screens for long at all. Hoping for some decent trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 19th October 2018 40 Stock Trades: 6 AAL + 256 BPS. 4 BLT + 101 BPS. 5 BP + 169 BPS. 7 FRES + 290 BPS. 1 GLEN + 31 BPS. 1 RR - 221 BPS. 16 UK100 + 285 BPS. 13 long trades + 261 BPS. 27 short trades + 650 BPS. 31 intra-day trades + 984 BPS. 9 multi-day trades - 73 BPS. Stocks net + 911 BPS. Return on account for the week + 3.11 % net. P:L ratio 18.7:1. Days traded: 5. Longest trade duration: 5 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. The FTSE made a new low for the last few months at 6961 on Monday, still a hundred points above the March 2018 low though. I'm wondering if we are due a rally soon, the fourth quarter has been by far the strongest since January 2000, with an average gain of 3.47% for the index. In fact it's the only quarter that has been positive on average (the first quarter has been the worst, with an average loss of 1.2%). Just north of my weekly 2.5% benchmark. Made some poor trade entries and exits. Hoping for some decent trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Hey, nice journal. I think you mentioned you have about 100k in capital. (?). On average how much is deployed on average ? Long ? Short ? Thanks
Hi, thanks. For stock trades, I try to stick to a standard trade size, which is about 20% of my account size. For the index, it's a little more. Longs and shorts are the same size.
Trading Summary Week Ended 26th October 2018 53 Stock Trades: 4 AAL - 332 BPS. 7 BLT + 331 BPS. 7 BP - 169 BPS. 8 FRES + 630 BPS. 2 GLEN + 275 BPS. 1 MCRO + 11 BPS. 1 RR + 77 BPS. 3 STAN + 185 BPS. 20 UK100 + 496 BPS. 14 long trades - 8 BPS. 39 short trades + 1512 BPS. 34 intra-day trades + 1121 BPS. 19 multi-day trades + 383 BPS. Stocks net + 1504 BPS. Return on account for the week + 5.23 % net. P:L ratio 5.5:1. Days traded: 5. Longest trade duration: 190 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another sell off on the equity markets. The FTSE made a new low for the last few months at 6885 on Thursday, just above the March 2018 low, before rallying back to 7000. Then the market sold off again on Friday afternoon to make a new low for the year. Both BP and RD Shell fell over 7% on the week, that's a big chunk of the FTSE. The big banks HSBA, BARC, RBS, LLOY and STAN were very weak too. A very difficult week's trading. Fifty - three trades is a record for 2018 for me, a very busy week. I left a lot of money on the table closing shorts early though. The negative net result for long trades says a lot about the state of the market at the moment - shorts were the way to go this week, any rally is being sold very quickly. I do think we could have a strong rally soon though. Twice my weekly 2.5% benchmark, even though I made some poor trade entries and exits. Hoping for some decent trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 2nd November 2018 44 Stock Trades: 3 AAL + 249 BPS. 9 BLT + 268 BPS. 3 BP + 181 BPS. 5 BTA + 81 BPS. 1 FRES + 56 BPS. 4 GLEN + 88 BPS. 3 STAN + 139 BPS. 11 UK100 + 102 BPS. 14 long trades + 569 BPS. 30 short trades + 682 BPS. 39 intra-day trades + 752 BPS. 5 multi-day trades + 499 BPS. Stocks net + 1251 BPS. Return on account for the week + 2.92 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 28 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts This week we saw a strong rally on the equity markets. The FTSE came close to testing the 7200 level on Friday morning before dropping back later in the day. Stocks were volatile again, including BP and RD Shell after both reported Q3 results. A difficult week's trading. North of my 2.5% benchmark anyway. October proved to be a decent month for my trading, I made 190 trades (71 long, 119 short), for a net return of a smidgen over 17%. The P:L ratio was 10.9:1. I made 75 trades on the FTSE for a total profit of 953 points. This was my best month of 2018 so far. Hoping for some decent trading opportunities going into November. Stay disciplined. Stay focussed. Stay humble.