Summary Week Ended Friday 25th January 2013

2 stock trades:

1 BP + 30.72 BPS

1 XTA + 37.67 BPS

Stocks net + 68.39 BPS

All long trades, all intraday.

No index trades.

Thoughts

This week was pretty quiet after last week’s poor trading. My exits were poor, the market remains strong and the FTSE added 118 points to set another new 52 week high.

I traded 2 days.

Stay disciplined.

Stay focussed.

BG 25th Jan 2013

BG has retraced 50% of its drop since October:

XTA 24th Jan 2013

BLT

BLT almost closed the gap from 10th Jan

Summary Week Ended Friday 18th January 2013

11 stock trades:

5 AAL - 771.32 BPS

1 BLT + 24.18 BPS

3 STAN - 88.49 BPS

2 XTA - 199.24 BPS

Stocks net – 1034.87 BPS

All long trades.

No index trades.

Thoughts

This week was pretty much a disaster, due to my holding two long trades overnight on AAL, which gapped down on Thursday morning. My position was actually in profit at the close on Wednesday.

This meant that my stop was exceeded, and I took a much bigger loss (three times as big) as I had planned.

As they say, shit happens.

I know I can recover from this setback, but it has knocked my confidence for six.

I traded 2 days.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 11th January 2013

11 stock trades:

2 ANTO + 43.48 BPS

7 BLT – 105.73 BPS

1 MKS + 17.04 BPS

1 STAN + 4.34 BPS

Stocks net – 40.88 BPS

All long trades, all intraday.

1 index trades:

FTSE + 1.64 BPS.

Thoughts

A poor week’s trading, gave back my profits on Friday when BLT gapped down after a downgrade. And I caught a nice level on MKS but raised my sell stop too soon, missing a nice rally.

I traded 5 days.

Stay disciplined.

Stay focussed.

AAL 09th Jan 2013

Resistance becomes support:

Trading Results Detailed Breakdown Jan 2013

I should just stick to long trades.....

Summary Week Ended Friday 4th January 2013

11 stock trades:

3 AAL – 296.17 BPS

5 BLT + 17.51 BPS

3 XTA – 80.03 BPS

Stocks net – 358.68 BPS

3 long trades, 8 short, all intraday.

No index trades.

Thoughts

A very poor week’s trading, I was short too early on the first day of the trading year…

I traded 2 days.

Stay disciplined.

Stay focussed.