Trading Summary Week Ended 10th September 2021 43 Trades: 18 US500 + 236 BPS. 19 UK100 + 188 BPS. 6 US 30 + 16 BPS. 21 long trades + 211 BPS. 22 short trades + 229 BPS. 36 intra-day trades + 125 BPS. 7 multi-day trades + 315 BPS. Total trades net + 440 BPS. Return on account for the week + 10.78 % net. P:L ratio 383:1. 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 A volatile week on the equity markets. The FTSE broke below 7000 briefly. I made some poor trades, but still well above my 2.5 % weekly bench mark. Looking forward to more opportunities next week. Away from the markets, this weekend we mark the twentieth anniversary of the attacks on the World Trade Centre and the Pentagon. I remember that day vividly, I first heard about the plane crashing into the Trade Centre from a post on a trading forum, but initially, it was reported to be a light aircraft. Of course, as events unfolded, the picture became more and more horrific. I remember going to the pub that night, and finding it difficult to process everything that had happened earlier that day. Having worked (and lived in) the City of London, it somehow felt very close, I had spent time working at Merrill Lynch, a US broker/investment bank. I watched the TV coverage of the memorial ceremonies, and some of the original TV pictures this weekend. It brought it all back. In many ways, it was the day the world changed. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 17th September 2021 54 Trades: 1 AAL - 356 BPS. 29 US500 + 213 BPS. 2 US 30 + 4 BPS. 22 UK100 + 242 BPS. 19 long trades + 58 BPS. 35 short trades + 45 BPS. 45 intra-day trades + 313 BPS. 7 multi-day trades - 210 BPS. Total trades net + 103 BPS. Return on account for the week + 4.62 % net. P:L ratio 5.55:1. Days traded: 5. Longest trade duration: 52 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 broke below 7000 and this time closed below it on Friday. Miners got hammered, this was the headline; 'Iron ore price dives 7% on China’s lower steel output data' I had quite a busy week, made some poor trades, but still well above my 2.5 % weekly bench mark. (The percentage net return was much higher than the net BPS figure suggests, this is because the trade on AAL was very small compared to the index trades.) Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 24th September 2021 52 Trades: 35 US500 + 636 BPS. 17 UK100 + 383 BPS. 14 long trades - 19 BPS. 38 short trades + 1,038 BPS. 41 intra-day trades + 454 BPS. 11 multi-day trades + 565 BPS. Total trades net + 1,019 BPS. Return on account for the week + 7.23 % net. P:L ratio 3.25:1. Days traded: 5. Longest trade duration: 80 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 news from China about the possible collapse of the Evergrande property financing company sent futures heavily into the red on Sunday night, and on Monday the FTSE fell to 6,828.28 and the SPX hit 4,305.91. The markets rebounded very strongly, with the SPX trading back above 4,400 by Wednesday, and over 4,450 by Friday morning. A pretty busy week, made some poor trades, but still well above my 2.5 % weekly bench mark. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 1st October 2021 33 Trades: 21 US500 + 490 BPS. 12 UK100 - 740 BPS. 12 long trades - 259 BPS. 21 short trades + 9 BPS. 22 intra-day trades + 162 BPS. 11 multi-day trades - 412 BPS. Total trades net - 250 BPS. Return on account for the week - 1.76 % net. P:L ratio 0.70:1. Days traded: 5. Longest trade duration: 74 days. Shortest trade duration: < 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another very volatile week on the equity markets. Indices sold off with the SPX trading back below 4,300, ad the FTSE testing 7000. A very poor week, could have been worse I suppose, still well below my 2.5 % weekly bench mark. September lived up to its reputation for volatility on the equity markets. Over the month, I made 197 trades and a net return of 31 %. Looking forward to more opportunities next month. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 8th October 2021 24 Trades: 1 AAL + 84 BPS. 15 US500 + 318 BPS. 1 US30 + 4 BPS. 7 UK100 + 176 BPS. 11 long trades + 102 BPS. 13 short trades + 480 BPS. 17 intra-day trades + 166 BPS. 7 multi-day trades + 416 BPS. Total trades net + 582 BPS. Return on account for the week + 4.52 % 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 Another volatile week on the equity markets. Indices sold off again, with the SPX trading back below 4,200 on Monday, before staging a strong rally back to 4400. A better week, but I should have been more patient with the longs on the SPX. Still, well above my 2.5 % weekly bench mark. Here is the one hour chart of the SPX, showing the rally off the lows. Away from the markets, we've been spoiled for choice with pro cycling recently, we had the World Championships, with Julian Alaphilipe holding onto the rainbow jersey in a wonderful race. Then an amazing Paris - Roubaix in the mud last Sunday, that was absolutely spectacular. And on Saturday we have Il Lombardia. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 15th October 2021 34 Trades: 24 US500 + 267 BPS. 10 UK100 + 29 BPS. 11 long trades + 4 BPS. 23 short trades + 292 BPS. 29 intra-day trades + 74 BPS. 5 multi-day trades + 222 BPS. Total trades net + 296 BPS. Return on account for the week + 2.38 % net. P:L ratio 8.3:1. Days traded: 5. Longest trade duration: 21 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 SPX traded down below 4330, then rallied up above 4470 on Friday, when we had expiry. The FTSE also broke above 7200 for the first time since August, helped by a strong rally on the commodity stocks after the recent weakness. Tricky trading, I missed a few very good moves. Short of my 2.5 % weekly bench mark. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Trading Summary Week Ended 22nd October 2021 23 Trades: 21 US500 + 51 BPS. 1 US 100 + 3 BPS. 1 UK100 + 4 BPS. 11 long trades + 35 BPS. 12 short trades + 23 BPS. 23 intra-day trades + 58 BPS. 0 multi-day trades. Total trades net + 58 BPS. Return on account for the week + 0.69 % net. P:L ratio N/A. Days traded: 5. Longest trade duration: 138 min. Shortest trade duration: 1 min. (All PNL expressed in basis points for the purpose of comparison.) Thoughts Another difficult week on the equity markets. Equity markets were weaker early in the week, and the FTSE traded below 7200, before rallying, but it was stuck in a range from around 7180 to 7220. The SPX made another new all time high on Thursday, at over 4550. All dips are still being bought on the US equity market. Tricky trading, I made some very poor trade exits. Well short of my 2.5 % weekly bench mark. The crypto markets were very strong, Bitcoin making a new all time high above 66k, after the first Bitcoin ETF began trading on the US market. The other large cap coins also rallied, with ETH rising over 4100, Solana and Polkadot were active too. I hold all of these, so that was encouraging. I do think that the wider general public is still largely not participating in the crypto market, and if they do, that may drive prices higher. We shall see. Away from the markets, I may have said before here that I like to get out in the evenings and at weekends. I do a fair bit of cycling, which is a good way of de - stressing after a difficult day, and it also keeps me fairly fit. Anyway, I took this photo on my ride on Thursday evening, I thought the sky was pretty dramatic, although it was pretty short lived. It's important to appreciate our beautiful world, after all, we aren't here all that long. Looking forward to more opportunities next week. Stay disciplined. Stay focussed. Stay humble.
Your weekly overview is always an interesting read. From the photo you posted I assume that you live in (or near) Nice?