Summary Week Ended Friday 26th September 2014

 

12 Stock Trades:

7 AAL + 57.25 BPS.
1 BLT +  15.40 BPS.
1 BP - 815.31 BPS.
3 SBRY - 3682.19 BPS.

11 long trades - 4432.42 BPS.
1 short trade + 7.58 BPS.


Stocks net  - 4424.85 BPS.
8 intraday trades, 4 overnight.
I traded 5 days this week. Return on account for the week - 37.81 % net.

No Index trades.

Thoughts

A disasterous week.
I held onto a position in SBRY and paid the price, same in BP.


Changes on watchlist stocks for the week:

This has been quite a shock for me, and I need to take stock.

Stay disciplined.

Stay focussed.

Stay humble.

Summary Week Ended Friday 19th September 2014

 

6 Stock Trades:

6 AAL + 74.92 BPS.
6 long trades: + 74.92 BPS.

Stocks net  +74.92 BPS.
6 intraday trades, 0 overnight.
I traded 4 days this week. Return on account for the week + 1.28 % net.
P:L ratio was N/A (no losing trades).
No Index trades.

Thoughts

A quiet week.
Well below my 2.5% benchmark. Choppy markets, and I found it difficult to find decent trades this week.
Markets were fairly quiet in the run up to the Scottish independence decision.
We saw a bit of a rally after the 'NO' vote on Friday, although the miners remained very weak.

As for Salmond, I see no reason why he should not dragged to the Tower and tried for High Treason. After that, he should be boiled very slowly in a vat of Brown Windsor soup, in public of course, maybe at Tyburn.

But I bet that won't happen...

Changes on the week:

Hopefully more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Summary Week Ended Friday 12th September 2014

 

7 Stock Trades:

5 AAL + 75.05 BPS.
2 BP + 73.23 BPS.

6 long trades: + 148.28 BPS.

Stocks net  + 148.28 BPS.

4 intraday trades, 3 overnight.

I traded 4 days this week.
Return on account for the week + 2.37 % net.
P:L ratio was N/A (no losing trades).

No Index trades.

Thoughts

A quiet week after last week's debacle.
Below my 2.5% benchmark. I found it difficult to find decent trades this week.
Miners were weaker, the FTSE mining index was down over 230 BPS over the five days.

Changes on the week:

Hopefully more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Summary Week Ended Friday 5th September 2014

 

9 Stock Trades:

6 AAL + 115.34 BPS
3 BP - 1320.85 BPS


5 long trades: - 1279.47 BPS.
4 short trades + 73.96 BPS.

Stocks net  - 1205.51 BPS

5 intraday trades, 4 overnight.

I traded four days this week.
Return on account for the week - 18.47 % net.

No Index trades.

Thoughts

A terrible start to September trading.

I got hammered by BP after they lost a US court ruling. I had closed a part of the position on Thursday morning for a small profit, but held the rest as the chart showed strength and I thought it might test the 50 DMA at around 490. It was trading around 487.50 at the time, having tested 488.80.
Then the news hit and the stock fell very quickly, too quickly to get out (didn't help that I was distracted by something else at the time).
So annoying that I could have closed the remainder of the position flat... I was only looking for another 2p..


This is my first losing week on stocks since Oct 2013. And it hurt.
I will have to give this some thought over the weekend. The irony is that I had never lost money on a BP position before Thursday.

We saw some volatility on Wednesday when a ceasefire was declared in the Ukraine conflict. The ES futures made new all time highs @ 2010.5.

Stock changes for the week:

Stay disciplined.

Stay focussed.

Stay humble.