Trading Summary Week Ended 23rd July 2021 47 Trades: 1 AAL + 28 BPS. 2 US500 + 8 BPS. 44 UK100 + 861 BPS. 7 long trades + 13 BPS. 39 short trades + 884 BPS. 40 intra-day trades + 502 BPS. 7 multi-day trades + 395 BPS. Total trades net + 897 BPS. Return on account for the week + 7.23 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 28 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A pretty volatile week on the equity markets. The FTSE broke below 6900, trading down to 6813 before staging a very powerful rally back over 7000, following a midweek reversal on the SPX, which broke above 4400 on Friday for the first time ever. Here is a 15 minute chart of the SPX, taken near the close of the London market on Friday: The FTSE is still looking less bullish, with the index closing below the 50 DMA and the 21 EMA, although still above the 200 DMA. A mid - summer shake out would not surprise me at this point. Both BP and RD Shell seem to be running out of momentum, if the banks and the miners also weaken, that would be enough for the FTSE to break below the recent lows. We shall see. Another good week by my standards, over double my 2.5 % benchmark. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 30th July 2021 24 Trades: 2 AAL + 799 BPS. 11 US500 + 44 BPS. 11 UK100 + 206 BPS. 17 long trades + 972 BPS. 7 short trades + 77 BPS. 19 intra-day trades + 71 BPS. 5 multi-day trades + 978 BPS. Total trades net + 1,049 BPS. Return on account for the week + 3.42 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 12 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another week of volatility on the equity markets. The FTSE broke below 6930 on Tuesday, rallied to a high of 7093.93 on Thursday. In the US, the SPX made new all time highs again this week. A tricky week, and some good trades missed. For the month of July, I made 207 trades and a net profit of 23.97 %. Looking forward to more trading opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 6th August 2021 30 Trades: 5 ETH + 231 BPS. 5 US500 + 7 BPS. 20 UK100 - 188 BPS. 25 long trades + 446 BPS. 5 short trades - 396 BPS. 23 intra-day trades + 337 BPS. 7 multi-day trades - 287 BPS. Total trades net + 50 BPS. Return on account for the week + 0.17 % net. P:L ratio 1.05:1. 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 A difficult week on the equity markets. The FTSE traded in a range between 7032 and 7142. I made some poor trades, and ended the week barely positive. I made a few small trades on Ethereum, which was pretty volatile in the run up to the 'London' update. Equity markets over the pond were strong again, with the SPX making a new all time closing high, closing at 4429.10 on Thursday, before making another all time high on Friday, after the July payrolls numbers were announced. Buying the dips is still the most profitable strategy at the moment. I do wonder if we are due a bit of late summer profit - taking, we shall see. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 13th August 2021 24 Trades: 1 AAL + 468 BPS. 1 ETH + 37 BPS. 9 US500 + 11 BPS. 1 US30 + 2 BPS. 12 UK100 + 249 BPS. 19 long trades + 762 BPS. 5 short trades + 5 BPS. 19 intra-day trades + 72 BPS. 5 multi-day trades + 695 BPS. Total trades net + 767 BPS. Return on account for the week + 5.17 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 37 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A better week's trading. The FTSE broke through 7200, making a new 52 week high, whilst the SPX and DJIA made new all time highs (again). Buying the dips is still the most profitable strategy at the moment. More than double my 2.5 % weekly bench mark. At some point, we will see some profit taking in the stock markets, but timing it is a fool's game. This weekend we have the start of the Vuelta a Espana. Should be an interesting race. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 20th August 2021 60 Trades: 2 BHP + 156 BPS. 39 US500 + 138 BPS. 19 UK100 - 220 BPS. 32 long trades - 79 BPS. 28 short trades + 153 BPS. 56 intra-day trades + 392 BPS. 4 multi-day trades - 318 BPS. Total trades net + 74 BPS. Return on account for the week + 3.40 % net. P:L ratio 2.49:1. Days traded: 5. Longest trade duration: 36 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. The US markets sold off after the latest release of minutes from the FOMC, after making a new all time highs on both the SPX and the Dow on Monday. The debacle in Afghanistan didn't help sentiment. Above my 2.5 % weekly bench mark, despite some very poor trade entries and exits. Looking forward to more trading opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 27th August 2021 32 Trades: 1 BHP + 10 BPS. 17 US500 + 50 BPS. 14 UK100 - 321 BPS. 19 long trades - 167 BPS. 13 short trades - 94 BPS. 29 intra-day trades + 75 BPS. 3 multi-day trades - 336 BPS. Total trades net - 261 BPS. Return on account for the week - 0.63 % net. P:L ratio 0.68:1. Days traded: 5. Longest trade duration: 104 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Not a great week's trading on the equity markets. Closed a couple of very poor trades on the FTSE. Not a disaster, less than 1 % loss, but not great either. Looking forward to better numbers next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 3rd September 2021 37 Trades: 12 US500 + 266 BPS. 24 UK100 - 346 BPS. 1 US 30 + 1 BPS. 26 long trades + 353 BPS. 11 short trades - 432 BPS. 25 intra-day trades + 76 BPS. 12 multi-day trades - 155 BPS. Total trades net - 79 BPS. Return on account for the week + 4.80 % net. P:L ratio 2.2:1. Days traded: 5. Longest trade duration: 57 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts A better week's trading on the equity markets. We saw quite a bit of volatility, with the SPX again making new all time highs. Well above my 2.5 % bench mark. (I should explain that although there was a net loss in basis points, I actually made a net profit, since the longer term trades on the UK 100 which I closed for a loss were much smaller than the intraday trades.) Looking forward to more opportunities next week. Cycling wise, we have the Tour of GB starting this weekend, so I'll be keeping an eye on the action there too. Stay disciplined. Stay focussed. Stay humble.