Trading Summary Week Ended 15th February 2019 27 Trades: 1 BHP + 17 BPS. 1 FRES + 33 BPS. 3 GLEN + 180 BPS. 4 MCRO + 297 BPS. 2 MTRO + 118 BPS. 1 SLA + 31 BPS. 15 UK100 + 253 BPS. 19 long trades + 501 BPS. 8 short trades + 428 BPS. 20 intra-day trades + 640 BPS. 6 multi-day trades + 289 BPS. Total trades net + 929 BPS. Return on account for the week + 2.63 % net. P:L ratio N/A. Days traded: 4. Longest trade duration: 9 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another difficult week. I was away from my desk on Tuesday, hence the four day week. Markets were more range bound this week, although MCRO saw a huge move after decent results and a continuation of the buy back. SLA also made a big move to the downside on Friday after it was announced that Mitsubishi sold its entire holding. The rally since the 28th Jan lows on the FTSE has been impressive, nearly 8%, and even more so from the late December lows, over 11%. Not sure how much further this has to go, we shall see. Just above my 2.5% weekly benchmark. I will be out of the country for the next two weeks, so will probably not be trading. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 22nd February 2019 2 Trades: 1 AAL + 415 BPS. 1 BHP + 221 BPS. 2 long trades + 636 BPS. 0 short trades. 0 intra-day trades. 2 multi-day trades + 636 BPS. Total trades net + 636 BPS. Return on account for the week + 0.80 % net. P:L ratio N/A. Days traded: 1. Longest trade duration: 22 days. Shortest trade duration: 1 day. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Just a couple of trades this week, as I arrived in China on Tuesday morning. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 1st March 2019 9 Trades: 1 AAL + 341 BPS. 2 MTRO + 1706 BPS. 6 UK100 + 69 BPS. 4 long trades + 387 BPS. 5 short trades + 1729 BPS. 7 intra-day trades + 453 BPS. 2 multi-day trades + 1663 BPS. Total trades net + 2116 BPS. Return on account for the week + 2.19 % net. P:L ratio N/A. Days traded: 3. Longest trade duration: 29 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Again I was away for most of the week, arriving back in Europe on Thursday evening. Just under my 2.5% weekly benchmark. During February I made 52 trades and a net profit of 7.75% on my account, which was the poorest return for several months. Looking forward to decent trading opportunities in March. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 8th March 2019 14 Trades: 4 AAL + 731 BPS. 1 BHP - 1612 BPS. 2 FRES + 69 BPS. 1 GLEN + 34 BPS. 6 UK100 + 127 BPS. 8 long trades + 862 BPS. 6 short trades - 1513 BPS. 5 intra-day trades + 107 BPS. 9 multi-day trades - 758 BPS. Total trades net - 651 BPS. Return on account for the week + 0.48 % net. P:L ratio 1.3:1. Days traded: 5. Longest trade duration: 100 days. Shortest trade duration: 23 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts First full week back in Europe after my trip to Beijing. Markets were weaker, and weak Chinese trade data didn't help the bulls. Well below my 2.5% weekly benchmark. Poor trading, took a loss on a BHP short which was not clever (although a positive overall return since the BHP trade was smallish.) Looking forward to better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 15th March 2019 15 Trades: 4 BP + 67 BPS. 1 GLEN + 90 BPS. 1 MTRO + 908 BPS. 12 UK100 + 165 BPS. 7 long trades + 263 BPS. 8 short trades + 967 BPS. 8 intra-day trades + 37 BPS. 7 multi-day trades + 1193 BPS. Total trades net + 1230 BPS. Return on account for the week + 1.64 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 29 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another difficult week. Markets were volatile with BREXIT developments moving Sterling. Well below my 2.5% weekly benchmark. Looking forward to better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 22nd March 2019 19 Trades: 1 AAL + 293 BPS. 1 BHP + 430 BPS. 1 FRES + 43 BPS. 2 GLEN + 369 BPS. 14 UK100 + 688 BPS. 18 long trades + 1780 BPS. 1 short trades + 43 BPS. 8 intra-day trades + 111 BPS. 11 multi-day trades + 1712 BPS. Total trades net + 1823 BPS. Return on account for the week + 6.41 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 130 days. Shortest trade duration: 11 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A busy week. Again BREXIT was in the news, with the British government going on its knees to Brussels to beg for an extension, despite having had over two and a half years to sort this out. You couldn't make this stuff up. Equity markets were very volatile, with the FTSE making a new high for 2019 on Thursday, before dropping over 2% on Friday. Difficult trading conditions, and I made some poor trade exits. Well above my 2.5% weekly benchmark though. Looking forward to better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 29th March 2019 17 Trades: 1 AAL + 211 BPS. 3 BHP + 319 BPS. 2 BP + 60 BPS. 1 FRES + 29 BPS. 1 GLEN + 171 BPS. 1 MTRO + 1467 BPS. 8 UK100 + 78 BPS. 8 long trades + 790 BPS. 9 short trades + 1545 BPS. 8 intra-day trades + 81 BPS. 9 multi-day trades + 2254 BPS. Total trades net + 2335 BPS. Return on account for the week + 1.98 % net. P:L ratio 13.4:1. Days traded: 5. Longest trade duration: 123 days. Shortest trade duration: 8 min. (All PNL expressed in basis points for the purpose of comparison.) (Net return is lower than the BPS total might suggest as the MTRO trade was small). Thoughts A quieter week. Equity markets were slightly firmer, after an early sell off. BREXIT was postponed, even though the political class has had over two and a half years to sort it out. I think we have the most useless politicians this country has ever seen. Well below my 2.5% weekly benchmark, I made a couple of very poor trade exists. My return for the month was just over 11.6 %, with 70 trades made. Looking forward to better trading opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 5th April 2019 34 Trades: 6 AAL + 2629 BPS. 3 BHP + 328 BPS. 3 BP - 863 BPS. 1 FRES + 10 BPS. 4 GLEN + 833 BPS. 17 UK100 + 643 BPS. 33 long trades + 4536 BPS. 1 short trades - 956 BPS. 6 intra-day trades + 87 BPS. 28 multi-day trades + 3493 BPS. Total trades net + 3580 BPS. Return on account for the week + 7.79 % net. P:L ratio 22.8:1. Days traded: 5. Longest trade duration: 153 days. Shortest trade duration: 49 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A pretty busy week. Equity markets were in bullish mode, the FTSE making new highs for 2019 on Wednesday, Thursday and again on Friday. Commodity stocks were strong, with AAL, BHP, RIO all making 52 week highs. BP and RD Shell were also stronger. Just how far this rally can go is anyone's guess. BREXIT still not finalised. We definitely have the most useless politicians this country has ever seen. Well above my 2.5% weekly benchmark. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 12th April 2019 21 Trades: 2 AAL + 489 BPS. 1 BHP + 53 BPS. 4 BP + 310 BPS. 3 FRES + 62 BPS. 11 UK100 + 174 BPS. 18 long trades + 1079 BPS. 2 short trades + 9 BPS. 10 intra-day trades + 95 BPS. 11 multi-day trades + 993 BPS. Total trades net + 1088 BPS. Return on account for the week + 1.87 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 8 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A difficult week. Equity markets were range - bound for most of the week, and I was scalping for points. Commodity stocks were strong again, with AAL, BHP, RIO again making new 52 week highs. Short of my 2.5% weekly benchmark. Looking forward to better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 19th April 2019 20 Trades: 1 AAL + 62 BPS. 3 BHP + 212 BPS. 2 GLEN + 83 BPS. 14 UK100 + 200 BPS. 18 long trades + 551 BPS. 2 short trades + 6 BPS. 11 intra-day trades + 316 BPS. 9 multi-day trades + 241 BPS. Total trades net + 557 BPS. Return on account for the week + 1.55 % net. P:L ratio N/A. Days traded: 4. Longest trade duration: 13 days. Shortest trade duration: 7 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A shortened week, due to the Easter holiday. Well short of my 2.5% weekly benchmark. Looking forward to better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.