Trading summary Week Ended 9th November 2018 44 Stock Trades: 3 AAL + 50 BPS. 5 BLT + 85 BPS. 2 BP + 50 BPS. 1 BTA + 29 BPS. 2 GLEN + 48 BPS. 3 MCRO + 18 BPS. 1 STAN + 21 BPS. 27 UK100 + 95 BPS. 19 long trades + 215 BPS. 25 short trades + 181 BPS. 35 intra-day trades + 304 BPS. 9 multi-day trades + 92 BPS. Stocks net + 396 BPS. Return on account for the week + 1.45 % net. P:L ratio 11.5:1. Days traded: 5. Longest trade duration: 7 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A tricky week on the equity markets. Markets were generally weak, with the FTSE fining it difficult to stay above the 7100 level. Stocks moved in narrow ranges, and I found few decent trades. Some very poor trades exits. Well below my 2.5% benchmark. Hoping for better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 16th November 2018 46 Stock Trades: 2 AAL + 68 BPS. 7 BLT + 395 BPS. 7 BP + 299 BPS. 6 FRES + 409 BPS. 6 GLEN + 164 BPS. 4 MCRO + 72 BPS. 1 RBS + 40 BPS. 13 UK100 + 145 BPS. 14 long trades + 554 BPS. 32 short trades + 1038 BPS. 29 intra-day trades + 838 BPS. 16 multi-day trades + 762 BPS. Stocks net + 1592 BPS. Return on account for the week + 3.73 % net. P:L ratio 35.5:1. Days traded: 5. Longest trade duration: 210 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A volatile week on the equity markets. We had some decent moves on the FTSE and the commodity shares. Above my 2.5% benchmark anyway, despite some poor entries and exits. In terms of basis points, it was my best week of the year to date (not in ££ though). Hoping for some more decent trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 23rd November 2018 36 Stock Trades: 1 AAL + 56 BPS. 6 BLT + 170 BPS. 1 BP + 179 BPS. 3 FRES + 492 BPS. 5 GLEN + 181 BPS. 9 MCRO + 368 BPS. 11 UK100 + 160 BPS. 10 long trades + 297 BPS. 26 short trades + 1309 BPS. 28 intra-day trades + 815 BPS. 8 multi-day trades + 791 BPS. Stocks net + 1606 BPS. Return on account for the week + 3.84 % net. P:L ratio N/A. Days traded: 3. Longest trade duration: 10 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A shortened week for me, was away in Porto, Portugal from Thursday morning. Above my 2.5% benchmark anyway, despite the short week. In fact in BPS terms my best week of 2018 so far. Equity markets sold off on thursday and Friday. Hoping for some more decent trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 30th November 2018 41 Stock Trades: 6 AAL + 274 BPS. 1 BARC + 12 BPS. 4 BHP + 553 BPS. 3 BP + 58 BPS. 6 FRES + 300 BPS. 9 GLEN + 455 BPS. 1 MCRO + 14 BPS. 11 UK100 + 68 BPS. 4 long trades + 30 BPS. 37 short trades + 1704 BPS. 35 intra-day trades + 1351 BPS. 6 multi-day trades + 383 BPS. Stocks net + 1734 BPS. Return on account for the week + 2.91 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 75 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another busy week to close the month of November. Equity markets were volatile again. Some decent trading opportunities, and above my 2.5% benchmark anyway. In BPS terms my best week of 2018 so far, beating last week's record by roughly 130 BPS. (The lower percentage return than last week reflects the fact that my trade size as a percentage of cash was lower.) During November I made 192 trades, 68 of which were FTSE 100 trades, the remainder being stocks. It was my best month of 2018 in cash PNL terms, the net return was 14.44 %. Hoping for some more decent trading opportunities as we enter December. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 7th Dec 2018 59 Stock Trades: 2 AAL + 45 BPS. 1 ANTO + 11 BPS. 2 BARC + 97 BPS. 5 BHP + 120 BPS. 4 BP + 213 BPS. 4 FRES + 75 BPS. 8 GLEN + 773 BPS. 2 STAN + 44 BPS. 31 UK100 + 666 BPS. 14 long trades + 218 BPS. 45 short trades + 1825 BPS. 47 intra-day trades + 982 BPS. 12 multi-day trades + 1062 BPS. Stocks net + 2044 BPS. Return on account for the week + 7.61 % net. P:L ratio 18.8:1. Days traded: 5. Longest trade duration: 41 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another very busy week on the equity markets. The FTSE made a new low for the year on Thursday, dipping below 6700 for a while. We are due a rally I think, as were are now entering the most bullish period of the year historically. Triple my 2.5% benchmark. Shorts were the order of the day, all rallies were being sold into. I made some poor exists, especially one short where I forgot I had a limit buy order in and it got triggered overnight, so that I caught just 44 points on a move that would have resulted in two or three times that if I had just trailed a stop. I should have been at my desk at one in the morning when the market opened for that one... Hoping for some more decent trading opportunities as we had for the year's end. Stay disciplined. Stay focussed. Stay humble.
Anyone else having trouble believing that Mo06 is actually making 100+% per year (or over 250% with compounding), trading only large cap equity, and almost never has a losing trade? It just doesn't seem that plausible, frankly. I can believe that rate of return is doable in general, but I believe the market is far too efficient for the claimed P:L ratios to be real. Might be some kind of creative accounting going on where mostly winners are realized and losers remain unrealized and unaccounted?
Trading Summary Week Ending 14th December 2018 34 Stock Trades: 4 BP + 169 BPS. 3 MRCO + 37 BPS. 1 STAN + 14 BPS. 1 RR + 25 BPS. 1 RDSB + 8 BPS. 24 UK100 + 254 BPS. 6 long trades + 46 BPS. 28 short trades + 461 BPS. 28 intra-day trades + 312 BPS. 6 multi-day trades + 195 BPS. Stocks net + 507 BPS. Return on account for the week + 2.75 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 3 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. Difficult trading conditions, I found it challenging to find good opportunities, and took a few pretty marginal trades. A couple of very poor exits, especially on UK100 shorts. Just above my 2.5% benchmark. I still think we are due a rally, as were are now in the most bullish period of the year historically. Hoping for some more decent trading opportunities next week which is really the last week of the year, although the market will be open for three days the following week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 21st December 2018 40 Stock Trades: 5 AAL + 332 BPS. 2 BP + 89 BPS. 2 BHP + 120 BPS. 5 FRES + 198 BPS. 6 GLEN + 249 BPS. 1 MCRO + 20 BPS. 18 UK100 + 464 BPS. 21 long trades + 931 BPS. 19 short trades + 541 BPS. 29 intra-day trades + 903 BPS. 11 multi-day trades + 569 BPS. Stocks net + 1472 BPS. Return on account for the week + 5.67 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 27 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A very volatile week on the equity markets. The FTSE made a new low for 2018 (so far) on Thursday, following a sell off on Wall Street after the Fed raised rates on Wednesday night. We saw some big moves on the indices. A couple of very poor exits, especially on shorts. Still, well above my 2.5% weekly benchmark. Next week we have Christmas, and the LSE is closed for two and a half days, so I expect markets to be quieter, but you never know. Stay disciplined. Stay focussed. Stay humble.