Trading Summary Week Ended 2nd July 2021 27 Trades: 4 AAL + 190 BPS. 23 UK100 + 119 BPS. 20 long trades + 148 BPS. 7 short trades + 161 BPS. 23 intra-day trades + 179 BPS. 4 multi-day trades + 130 BPS. Total trades net + 309 BPS. Return on account for the week + 2.27 % net. P:L ratio 197:1. 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 tricky week, on Wednesday the FTSE tested the 7,010 level, before rallying above 7,160 on Friday. Over the pond, the indices continue to make new all time highs. Short of my 2.5 % weekly benchmark again. Over the month of June, I made 88 trades for a net profit of 4.58 %. The Tour de France is proving to be exciting, with Mattieu Van der Poel taking the yellow jersey that his grandfather, Raymond Poulidor never wore, a lovely and moving moment. And what can you say about Mark Cavendish ? Two fantastic stage wins in six days. Obviously he's on great form, and happy to be back with his old Deceuninck-Quickstep team. Looking forward to better trading, and more bike racing next week. Stay disciplined. Stay focussed. Stay humble.
Hi @Mo06. Am I right in thinking you only trade the FTSE100 index and a handful of large caps? How have you come by this universe? And pardon my ignorance, but do you trade the FTSE via futures or an ETF or something else? Loving the video updates BTW. Nostalgic for the Cote d'Azure.
Hi, I trade the FTSE via CFD contracts. I have traded stocks, commodities and indices, I generally concentrate on the FTSE there days though. I have traded the SPX and the Dow, but for me, the hours don't really suit.
Cheers Mo06. Subsequent to my question I have gone through this entire thread and understand your approach better (rainy Sunday)! I like how you maintain an air of mystery despite being consistently open on your own terms. One further question if I can distract you from le Tour pour un moment. You started this thread long before the era of commission-free trading platforms. Now that we have them does it still make sense to stick to CFDs?
'One further question if I can distract you from le Tour pour un moment. You started this thread long before the era of commission-free trading platforms. Now that we have them does it still make sense to stick to CFDs?' Well I can get very tight spreads on the FTSE these days, 0.4 of a point, and no commission, so I'm not sure I can improve much on that.
Trading Summary Week Ended 9th July 2021 56 Trades: 1 AAL + 28 BPS. 55 UK100 + 264 BPS. 11 long trades + 112 BPS. 45 short trades + 180 BPS. 45 intra-day trades + 375 BPS. 11 multi-day trades - 83 BPS. Total trades net + 292 BPS. Return on account for the week + 2.77 % net. P:L ratio 1.89:1. 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 very volatile week on the equity markets. On Thursday we broke below 7,000 on the FTSE, and the commodity stocks got hammered. The market then bounced on Friday. Quite a busy week by my standards, heavily skewed to the short side. Above my 2.5 % benchmark, although I made a few poor trade exits. The Tour de France continues, with Tadej Pogacar looking pretty invincible in the maillot jaune at the moment. Mark Cavendish has now won four stages, and there still a couple more sprint finishes left in the tour. Maybe he can win another stage, he seems to be on top form at the moment, and several big names have left the race due to injuries. Looking forward to profitable trading, and TDF action next week. Stay disciplined. Stay focussed. Stay humble.
Hi again Mo06. What about spread-betting? From what I can see it is conceptually the same as CFDs but just measured differently. I.e. it's a derivative, leveraged and you can go long short. Do you go with CFDs just because they suit your style? Or is there something nefarious about spread-betting that I am seeing? I'm new to both BTW, so sorry for the basic questions. Only traded stocks directly so far.
Hi, actually I do spreads bets as well as CFDs. In my experience, some SB brokers are much better than others. I have also traded futures contracts (with IB) but that is less flexible in terms of trade size.
Trading Summary Week Ended 16th July 2021 41 Trades: 2 AAL + 35 BPS. 39 UK100 + 419 BPS. 9 long trades + 35 BPS. 32 short trades + 419 BPS. 32 intra-day trades + 343 BPS. 9 multi-day trades + 111 BPS. Total trades net + 454 BPS. Return on account for the week + 5.28 % net. P:L ratio 142.6:1. Days traded: 5. Longest trade duration: 29 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. Markets reacted bearishly to more signs of inflation in the US and the UK. Over the pond, the SPX made yet another new all time high on Wednesday, while the DJIA made a new all time closing high earlier in the week. The FTSE broke below 7010, trading as low as 7005 on Thursday. We then had a rebound on Friday morning, which was also expiry on the FTSE futures and options, before breaking back below 7000 later in the day, finally closing at 7008.10. The medium term chart is looking less bullish, with the index closing below the 50 DMA and the 21 EMA, although still above the 200 DMA. A decent week by my standards, over double my 2.5 % benchmark. I left plenty of money on the table though. The Tour de France enters the end game this weekend, with Tadej Pogacar looking pretty invincible in the maillot jaune. Can Cavendish take another stage I wonder ? A win on the Champs on Sunday would be a dream for him. Looking forward to more trading opportunities next week, and TDF action this weekend. Stay disciplined. Stay focussed. Stay humble.