Trading Summary Week Ended 14th May 2021 43 Trades: 43 UK100 - 318 BPS. 18 long trades + 100 BPS. 25 short trades - 418 BPS. 36 intra-day trades + 308 BPS. 7 multi-day trades - 626 BPS. Total trades net - 318 BPS. Return on account for the week - 0.27 % net. P:L ratio 0.95:1. Days traded: 5. Longest trade duration: 49 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A really tough week. Markets were bullish on Monday, with the FTSE making new 2021 highs at just over 7164. We then fell back to 6912, which was support from the 4th of May, then on Thursday we broke below 6900, bottoming around 6823, before rallying back above 7000 on Friday, to close at 7043.6. I made some very poor trades, well below my 2.5 % weekly benchmark. Hopefully I can get back to profitability next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 21st May 2021 21 Trades: 21 UK100 + 82 BPS. 20 long trades + 77 BPS. 1 short trades + 5 BPS. 20 intra-day trades + 72 BPS. 1 multi-day trades + 10 BPS. Total trades net + 82 BPS. Return on account for the week + 1.88 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 8 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A volatile week on the equity markets. On Wednesday the FTSE sold off, amid a general red day, breaking below 6900 before bouncing to 6950. The crypto markets saw a huge sell - off, with Bitcoin dropping from above $ 50,000 to $ 30,000, and then rallying to over $ 42,000, a crazy move. I did buy a small amount of crypto during the drop. Here is the one hour chart on Ethereum: I made a couple of very poor trade exits (for example in the run up to expiry on Friday morning, when I thought the big money would probably push the index up into expiry), and left a lot of money on the table. Well below my 2.5 % weekly benchmark. Meanwhile, the action in the Giro d'Italia continues, with a big mountain stage on the Zoncolan this weekend, looking forward to that. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 28th May 2021 12 Trades: 12 UK100 + 63 BPS. 5 long trades + 17 BPS. 7 short trades + 46 BPS. 11 intra-day trades + 48 BPS. 1 multi-day trades + 15 BPS. Total trades net + 63 BPS. Return on account for the week + 0.72 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 1 day. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A difficult week, fewer trades as there were fewer good opportunities. Well below my 2.5 % weekly benchmark. For the month of May, I made 102 trades and a net return of 11.26 %. Monday is a holiday in the UK, and the equity markets will be closed. Away from the markets, the action in the Giro d'Italia continues, looks like Egan Bernal will take the title, barring disaster in the time trial on Sunday (tomorrow). Looking forward to more opportunities in June. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 4th June 2021 18 Trades: 18 UK100 - 450 BPS. 10 long trades + 89 BPS. 8 short trades - 539 BPS. 14 intra-day trades + 45 BPS. 1 multi-day trades - 495 BPS. Total trades net - 450 BPS. Return on account for the week - 1.80 % net. P:L ratio 0.4:1. Days traded: 4. Longest trade duration: 70 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A poor week, took a hit on a short position that I should have cut earlier. The markets were weaker, although in the US the SPX finished the week above 4,200. Well below my 2.5 % weekly benchmark. Looking forward to better numbers next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 11th June 2021 11 Trades: 11 UK100 + 78 BPS. 10 long trades + 70 BPS. 1 short trades + 8 BPS. 6 intra-day trades + 50 BPS. 1 multi-day trades + 28 BPS. Total trades net + 78 BPS. Return on account for the week + 0.55 % net. P:L ratio 3.8:1. Days traded: 5. Longest trade duration: 5 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A pretty difficult week, markets were generally bullish, after some weakness on Monday, when the FTSE dipped to the low 7040s. All dips were bought. Over the pond, the SPX made new all time highs again. Well short of my 2.5 % weekly benchmark. Looking forward to better performance next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 18th June 2021 22 Trades: 22 UK100 + 380 BPS. 21 long trades + 320 BPS. 2 short trades + 60 BPS. 17 intra-day trades + 37 BPS. 4 multi-day trades + 343 BPS. Total trades net + 380 BPS. Return on account for the week + 2.81 % net. P:L ratio 983:1. Days traded: 5. Longest trade duration: 40 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another difficult week, markets were bullish midweek with FTSE making a new 52 week high above 7200. It then retreated below 7,050 on Friday after expiry. Commodity stocks were very weak, which weighed on the index, gold and silver also sold off. Above my 2.5 % weekly benchmark, even though I should have pushed the shorts more aggressively. Looking forward to better performance next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 25th June 2021 22 Trades: 3 AAL + 166 BPS. 19 UK100 + 213 BPS. 13 long trades + 212 BPS. 9 short trades + 167 BPS. 18 intra-day trades + 147 BPS. 4 multi-day trades + 232 BPS. Total trades net + 379 BPS. Return on account for the week + 2.09 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 25 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A volatile week, equities began the week breaking below 6,950 on the FTSE, before rebounding to over 7,130. Miners and oil stocks were bullish after last week's sell off. The FTSE keeps testing the 21 EMA, but closing above it. So overall the picture remains bullish, being above the 50 and 200 DMAs too. We are entering the summer holiday period though, when trading volumes tend to be lower. Short of my 2.5 % weekly benchmark, I made a few poor exits. Away from the markets, we have the greatest sporting competition of the year starting this weekend, yes the Tour de France starts in Bretagne this year, and so I'll be paying close attention to the action for the next three weeks. Mark Cavendish is back at the Tour this year after a couple of years absence, and he seems to be on good form now he's back with his old Deceuninck-Quickstepteam. Looking forward to trading, and bike racing next week. Stay disciplined. Stay focussed. Stay humble.