Diary of an LSE stock trader

Discussion in 'Journals' started by Mo06, Dec 12, 2012.

  1. Mo06

    Mo06

    Trading Summary Week Ended 28th June 2019

    21 Trades:


    2 AAL + 372 BPS.
    1 BHP + 347 BPS.
    1 FRES + 263 BPS.
    1 GLEN + 8 BPS.
    1 MTRO + 143 BPS.
    15 UK100 + 51 BPS.

    11 long trades + 1012 BPS.
    10 short trades + 172 BPS.
    15 intra-day trades + 191 BPS.
    6 multi-day trades + 993 BPS.
    Total trades net + 1184 BPS.
    Return on account for the week + 1.16 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 7 days.
    Shortest trade duration: 2 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    Another week on the equity markets.
    Miners were fairly strong with AAL, BHP and RIO all making new 52 week highs. The FTSE was range bound around the 7400 level.

    On Thursday I made a poorly timed trade entry on GLEN, after news of a fatal mine accident broke. GLEN fell more than 8% intraday.
    I got out just above B/E, but should have been more patient before buying.
    Once again short of my 2.5% weekly benchmark.

    For June, I completed 58 trades, for a net return of 5.23 %, which was a couple of percentage points better than May.

    We are having something of a heatwave here at the mo, with temps up around 35 degrees C, so not ideal conditions for trading, I have to periodically shove my head under the cold shower to cool off.

    Looking forward to better trading opportunities next month.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #301     Jun 29, 2019
  2. Mo06

    Mo06

    Trading Summary Week Ended 5th July 2019

    26 Trades:


    1 BHP + 224 BPS.
    2 FRES + 34 BPS.
    1 GLEN - 7 BPS.
    2 MTRO + 120 BPS.
    1 STAN + 402 BPS.
    19 UK100 + 1154 BPS.

    22 long trades + 1812 BPS.
    4 short trades + 115 BPS.
    11 intra-day trades + 186 BPS.
    15 multi-day trades + 1741 BPS.
    Total trades net + 1927 BPS.
    Return on account for the week + 5.79 % net.
    P:L ratio 1765:1.
    Days traded: 5.
    Longest trade duration: 272 days.
    Shortest trade duration: 4 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    Another busy week.

    The FTSE made four consecutive daily higher highs for the year. Then on Friday we saw a bit of selling, as most of the commodity stocks fell.
    Most of my profit came from trading the index, one of my better weeks for 2019 and well north of my 2.5% weekly benchmark for a change.

    Meanwhile, the heatwave continues.

    And away from the markets, this weekend marks the start of the greatest sporting competition of the year - The Tour de France, so I shall try and watch as of the race much as I can, whilst keeping an eye on the equity markets.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #302     Jul 17, 2019
  3. Mo06

    Mo06

    Trading Summary Week Ended 12th July 2019

    10 Trades:


    10 UK100 + 51 BPS.

    7 long trades + 42 BPS.
    3 short trades + 9 BPS.
    9 intra-day trades + 40 BPS.
    1 multi-day trades + 11 BPS.
    Total trades net + 51 BPS.
    Return on account for the week + 0.26 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 10 days.
    Shortest trade duration: 2 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A quiet week.

    Enjoying the Tour de France.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #303     Jul 17, 2019
  4. Mo06

    Mo06

    Trading Summary Week Ended 19th July 2019

    21 Trades:


    1 AAL + 180 BPS.
    4 FRES + 355 BPS.
    1 MCRO + 479 BPS.
    15 UK100 + 173 BPS.

    12 long trades + 689 BPS.
    9 short trades + 498 BPS.
    14 intra-day trades + 92 BPS.
    7 multi-day trades + 1095 BPS.
    Total trades net + 1187 BPS.
    Return on account for the week + 1.37 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 94 days.
    Shortest trade duration: 1 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A difficult week, we saw some volatility in the commodity stocks. FRES in particular saw some big moves after lowering production targets.
    A couple of very poor trade exits.
    The FTSE rallied into expiry on Friday morning, before selling off later.
    Well short of my 2.5% weekly benchmark.
    Away from the markets, the TDF is at a very interesting stage, after a stunning time trial by Alaphilippe, should be a great stage on Saturday on the Tourmalet.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #304     Jul 20, 2019
  5. Mo06

    Mo06

    Trading Summary Week Ended 26th July 2019

    20 Trades:


    2 AAL + 418 BPS.
    1 BHP + 74 BPS.
    1 FRES + 90 BPS.
    2 MTRO + 2371 BPS.
    14 UK100 + 208 BPS.

    14 long trades + 1290 BPS.
    6 short trades + 1871 BPS.
    11 intra-day trades + 721 BPS.
    9 multi-day trades + 2440 BPS.
    Total trades net + 3161 BPS.
    Return on account for the week + 1.82 % net.
    P:L ratio 74.1:1.
    Days traded: 5.
    Longest trade duration: 72 days.
    Shortest trade duration: 2 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    Another week, and we saw some volatility on the equity markets.
    Miners were weaker, the FTSE mining index losing over 600 points on Wednesday.
    Made some poor trade exits.
    (The reason the net return is low given the high net BPS is that the two trades on MTRO were very small in size).
    Well short of my 2.5% weekly benchmark.

    Away from the markets, the TDF is coming to an climax this weekend, with Alaphilippe having lost the maillot jeune on Friday on the weather shortened stage in the Alps.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #305     Jul 27, 2019
  6. Mo06

    Mo06

    Trading Summary Week Ended 2nd August 2019

    27 Trades:


    1 BHP - 117 BPS.
    6 FRES + 2842 BPS.
    4 GLEN + 1540 BPS.
    1 MTRO + 1412 BPS.
    15 UK100 + 251 BPS.

    4 long trades + 99 BPS.
    23 short trades + 5829 BPS.
    11 intra-day trades + 1641 BPS.
    16 multi-day trades + 4287 BPS.
    Total trades net + 5928 BPS.
    Return on account for the week + 3.23 % net.
    P:L ratio 7.6:1.
    Days traded: 5.
    Longest trade duration: 78 days.
    Shortest trade duration: 2 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A busy week, and we saw a lot of volatility on the equity markets.

    The FTSE made a high for the year (7727.49) on Tuesday, but news of new trade tariffs saw it sell off over 329 points (4.2%) from that level on Friday.

    Very tough trading conditions, commodity stocks were very active, I made a couple of very poor trade exits.
    Still, above my 2.5% weekly benchmark for the first time since early July.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #306     Aug 3, 2019
  7. Mo06

    Mo06

    Trading Summary Week Ended 9th July 2019

    21 Trades:


    5 GLEN + 3176 BPS.
    1 MTRO + 178 BPS.
    15 UK100 + 279 BPS.

    No long trades.
    21 short trades + 3633 BPS.
    11 intra-day trades + 249 BPS.
    10 multi-day trades + 3384 BPS.
    Total trades net + 3633 BPS.
    Return on account for the week + 2.09 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 59 days.
    Shortest trade duration: 3 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    Another volatile week, trading was difficult.
    The commodity stocks sold off on more trade tariff worries.

    The FTSE made a low of 7153.89 on Wednesday, that is 742 BPS below the high of the previous week, that's quite a move for the index.

    RD Shell was down over 11% in five days at one point, BP slightly less, both dragging the FTSE lower.

    A little below my 2.5% weekly benchmark.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #307     Aug 10, 2019
  8. Mo06

    Mo06

    Trading Summary Week Ended 16th August 2019

    20 Trades:


    2 BHP + 46 BPS.
    2 GLEN + 277 BPS.
    1 MCRO + 452 BPS.
    15 UK100 + 154 BPS.

    4 long trades - 219 BPS.
    16 short trades + 1148 BPS.
    12 intra-day trades + 252 BPS.
    8 multi-day trades + 677 BPS.
    Total trades net + 929 BPS.
    Return on account for the week + 1.22 % net.
    P:L ratio 3.3:1.
    Days traded: 5.
    Longest trade duration: 78 days.
    Shortest trade duration: 1 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    Another volatile week on the equity markets.

    The FTSE made a low of 7020.22 on Thursday, over 9% below the recent highs made at the end of July.

    We saw more weakness in the commodity sector, despite strength in gold and silver.
    The FTSE was down 137 points over the week, after a modest rally on Friday.

    Below my 2.5% weekly benchmark.
    Looking forward to more trading opportunities next week.

    (The previous journal entry should read week ended 9th August 2019, not July).

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #308     Aug 17, 2019
  9. Mo06

    Mo06

    Trading Summary Week Ended 23rd August 2019

    16 Trades:


    3 GLEN + 336 BPS.
    2 MTRO + 3029 BPS.
    11 UK100 + 223 BPS.

    3 long trades + 35 BPS.
    13 short trades + 3553 BPS.
    5 intra-day trades + 146 BPS.
    11 multi-day trades + 3442 BPS.
    Total trades net + 3588 BPS.
    Return on account for the week + 1.18 % net.
    P:L ratio N/A.
    Days traded: 5.
    Longest trade duration: 19 days.
    Shortest trade duration: 1 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    Another volatile week on the equity markets.

    We saw more weakness in the commodity sector, with RIO, BHP AAL all making 30 day lows.

    The FTSE was volatile, dropping on Friday after China announced they would respond to the US tariffs, and finish down 22 points over the week. Late on Friday the US markets fell sharply, with the SPX falling over 2.5%.

    Trades were difficult to find, hence well short of my 2.5% weekly benchmark.
    (The reason the net return is low given the high net BPS is that the trades on MTRO were very small in size).
    Next Monday we have the summer bank holiday, so a shortened trading week.

    Looking forward to more trading opportunities next week.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #309     Aug 24, 2019
  10. Mo06

    Mo06

    Trading Summary Week Ended 30th August 2019

    24 Trades:

    1 BHP + 19 BPS.
    1 FRES + 29 BPS.
    1 GLEN + 147 BPS.
    2 MCRO + 5370 BPS.
    19 UK100 + 379 BPS.

    5 long trades + 112 BPS.
    19 short trades + 5832 BPS.
    13 intra-day trades + 652 BPS.
    11 multi-day trades + 5292 BPS.
    Total trades net + 5944 BPS.
    Return on account for the week + 3.06 % net.
    P:L ratio N/A.
    Days traded: 4.
    Longest trade duration: 85 days.
    Shortest trade duration: 1 min.
    (All PNL expressed in basis points for the purpose of comparison.)

    Thoughts

    A four day week on the equity markets, due to the bank holiday in the UK.

    Markets were volatile again, the FTSE regained the 7200 level on Friday after selling off down to 7044.73 earlier in the week.
    Above my 2.5% weekly benchmark.
    (The reason the net return is low given the high net BPS is that the trades on MCRO were small in size).

    August has been a busy month, I made 97 trades and had a net return of 10.02 %.
    Looking forward to more trading opportunities in September.

    Stay disciplined.
    Stay focussed.
    Stay humble.
     
    #310     Aug 31, 2019
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