Summary Week Ended Friday 27th September 2013

 

14 stock trades:

1 AAL + 35.51 BPS

5 BARC + 191.82 BPS

6 BLT + 91.23 BPS

2 RIO + 12.89 BPS

Stocks net  + 342.45 BPS

P:L ratio was 100:1.

Long trades, intraday and overnight.

No Index trades.

I traded 4 days this week.



Thoughts

Another half - decent week, at least my broadband connection is working properly now.
BLT traded in a fairly narrow range, and made a new 30 day low during the week. BARC trading was better, although I got out of a couple of long trades way too soon.

Friday was pretty volatile on the miners.

BARC chart showing support kicking in at exactly 265:

Stay disciplined.

Stay focussed.

BARC makes a 30 Day Low....

A nice bounce on BARC off the 30 day low @ 265.

Summary Week Ended Friday 20th September 2013

9 stock trades:

3 BARC + 309.9 BPS

5 BLT + 37.52 BPS

1 RDSA + 3.88 BPS

Stocks net  + 351.3 BPS

No losing trades this week.

Long and short trades, intraday and overnight.

No Index trades.

I traded 3 days this week.



Thoughts

Another shortened week, the technicians (yes two of them....)  from Orange were back to fix my broadband connection on Monday, and it seems to be OK now (connected continuously for over 50 hours).

Tomorrow is Friday (and expiry) and I am going away for the weekend very early, so posting this on Thursday.

A better week, the markets went a bit crazy after the US Federal Reserve announced that there would be no tapering at the moment, due to the state of the US economy.

Another week on the positive side. I need more like that. Now I'm focussing 100% on stocks, I feel more relaxed about my trading.
I am also being MUCH more selective in my trading, often sitting for hours without entering the market if nothing hits the levels I am looking for.
I have also decided not to enter the market during certain periods of the day, after analysis of my trading records showed that these periods had a negative effect on my P&L.

Dax chart showing Thursday's reaction to the Fed (A new all time high on the Dax):

Stay disciplined.

Stay focussed.

S&P 500 Daily Chart

After the Fed said there would be no tapering yet....

Barron's and the Markets...

I like this chart.

Summary Week Ended Friday 13th September 2013

12 stock trades:

1 AAL + 7.69 BPS

10 BLT + 77.21 BPS

1 STAN + 12.53 BPS

Stocks net  + 97.43 BPS

P:L ratio was 2:1

Long and short trades, all intraday.

No Index trades.

I traded just 2.5 days this week.



Thoughts

A short week, the technician from Orange was round to fix my broadband router, but it's still not right (experiencing random disconnections, not nice when holding a position), so hopefully that will be fixed early next week.


Some poor entries meant that my weekly net was nothing special, at least it was on the positive side.




Stay disciplined.

Stay focussed.

Gold Weekly Chart

Summary Week Ended Friday 6th September 2013

9 stock trades:

6 BLT + 51.87 BPS

1 MKS + 22.33 BPS

2 STAN + 25.86 BPS


Stocks net  + 100.05 BPS

P:L ratio was 10.05:1

Long and short trades, all intraday.

No Index trades.

I traded 5 days this week.



Thoughts

A more volatile week, although Monday was a holiday in the US so the LSE was quiet-ish.
The US payrolls drove the markets up initially on Friday, but they reversed shortly after, maybe spooked by what President Putin was saying regarding Syria.



Still a modest profit for the week, although well below my 500 BPS weekly target.

It's nearly 4pm (UK time, I'm an hour ahead of that) on Friday afternoon, so I'm going to call it a day here.





Stay disciplined.

Stay focussed.

My Trading Desk

FTSE Volatility 2006 - 2013

Daily SPX Chart 5th September 2013

VOD Chart 3rd September 2013