Well since the ESMA regulations came in, margins are much higher, now 5% on stocks (was 0.5%) and 20% on stocks (was 5%)..
Thanks for reply , you mean 5% on fx now? and 20% on stocks? it seems your already using quite a bit of margin , though changes in your equity seem very small? I use interactive for cfd's though I have accounts with IG and cmc aswell.
Sorry 5% on stock indices (FTSE 100, Dax etc) and 20% on stocks. Means you have to hold more cash in the account since the regulations came in. I don't trade FX.
Trading Summary Week Ended 10th January 2020 8 Trades: 2 BHP + 42 BPS. 6 UK100 + 27 BPS. 8 long trades + 69 BPS. 0 short trades. 7 intraday trades + 47 BPS. 1 multi-day trade + 22 BPS. Total trades net + 69 BPS. Return on account for the week + 0.08 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 1 day. Shortest trade duration: 8 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts The first full trading week of the new year. Not a great start for me. On the equity markets, FTSE was range - bound for most of the week, trading down to 7525 and as high as 7632. The US markets continued their march ever higher, after selling off on Tuesday night (after Iran retaliated against the US over the killing of a senior military officer), before quickly resuming the rally. On Friday both the SPX 500 and the Dow made new all time highs. All dips are still being bought. Below my weekly 2.5% benchmark. Looking forward better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Again thanks for reply , with interactive cfd's on u.s. stocks I think may only be 2.1 , but even so I get far more variation in my equity than you , by a factor of maybe 10 or something , surely you can't be using anywhere near full margin at above amounts ( on offence meant).
Trading Summary Week Ended 17th January 2020 9 Trades: 1 FRES + 182 BPS. 8 UK100 + 194 BPS. 7 long trades + 714 BPS. 1 short trades - 338 BPS. 3 intraday trades + 25 BPS. 6 multi-day trade + 351 BPS. Total trades net + 376 BPS. Return on account for the week + 0.43 % net. P:L ratio 1.59:1. Days traded: 5. Longest trade duration: 106 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts The equity market rally continued this week, with the US indices making new all time highs. Miners were strong, and the FTSE hit 7689 on Friday after expiry. The FTSE mining index gained over 600 points on last week's close. All dips are still being bought. Made a couple of very premature exits on the FTSE (longs naturally). Short of my weekly 2.5% benchmark. Looking forward better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 24th January 2020 7 Trades: 1 AAL + 289 BPS. 6 UK100 - 292 BPS. 4 long trades + 547 BPS. 3 short trades - 550 BPS. 3 intraday trades + 16 BPS. 6 multi-day trade - 19 BPS. Total trades net - 3 BPS. Return on account for the week - 0.47 % net. P:L ratio 0.61:1. Days traded: 5. Longest trade duration: 47 days. Shortest trade duration: 4 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Not a good week. The equity market rally faltered this week, as Fears over the virus hitting China seemed to have spooked the equity markets on Thursday, with the commodity stocks taking a hit, before bouncing near to the recent high (7689) on Friday. Again it's unwise to be short this market for very long. Well below my weekly 2.5% benchmark. Looking forward better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 31st January 2020 10 Trades: 1 BP + 338 BPS. 9 UK100 + 94 BPS. 7 long trades + 63 BPS. 3 short trades + 369 BPS. 6 intraday trades + 67 BPS. 6 multi-day trade + 365 BPS. Total trades net + 432 BPS. Return on account for the week + 0.25 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 92 days. Shortest trade duration: 2 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A really difficult week, the equity markets fell on the news of the worsening situation in China re the corona virus. Commodity stocks were badly hit, and the FTSE lost 300 points, or just short of 4% on the week. The FTSE mining index lost over 1100 points or 6% this week. RD Shell lost over 9%. Well below my weekly 2.5% benchmark. For the month of January I made 39 trades and saw a net return of just 0.86%... a very challenging month. The FTSE fell 3.40% during the month. Looking forward better trading opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 7th February 2020 7 Trades: 1 BP + 338 BPS. 1 GLEN + 28 BPS. 5 UK100 - 120 BPS. 4 long trades + 73 BPS. 3 short trades - 140 BPS. 5 intraday trades + 83 BPS. 2 multi-day trade - 150 BPS. Total trades net - 67 BPS. Return on account for the week - 0.24 % net. P:L ratio 0.4:1. Days traded: 5. Longest trade duration: 4 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Not a great start to February. Another difficult week, the equity markets were weak on Monday, before rallying into Thursday. The FTSE finished up 2.48% over the course of the week. Well below my weekly 2.5% benchmark. Looking forward better trading opportunities next week. (Last week's entry contained an error, I made 6 Intra-day trades and 4 multi-day trades). Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 14th February 2020 10 Trades: 1 AAL + 15 BPS. 1 BP + 54 BPS. 1 GLEN + 13 BPS. 7 UK100 + 143 BPS. 7 long trades + 194 BPS. 3 short trades + 31 BPS. 8 intra-day trades + 104 BPS. 2 multi-day trade + 121 BPS. Total trades net + 225 BPS. Return on account for the week + 0.32 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 86 days. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Quite a volatile week on the equity markets, we saw a sharp sell off overnight Wednesday / Thursday after China revised higher the number of confirmed Corona virus cases. The FTSE fell to 7403.69 on Friday afternoon, which is almost the 50% retracement level of the recent rally from 7275 to 7533, as shown below: At the close on Friday, the FTSE was down 58 points, or 0.77% over the week, although around 18 points of that were due to stocks going ex-dividend. The two largest FTSE oil & gas producers, BP and RD Shell were weak , both going ex-dividend on Thursday, weighing on the index. RD Shell made a new 52 week low on Friday, falling nearly 3% over the course of the week.. Well below my weekly 2.5% benchmark. Looking forward better trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.