Trading Summary Week Ended Friday 16th October 2015

16 Stock Trades:

14 AAL + 423.48 BPS.
2 STAN + 53.99 BPS.

5 long trades + 164.44 BPS.
11 short trades + 313.03 BPS.

13 intraday trades + 408.00 BPS.
3 overnight trades + 69.47 BPS.

Stocks net + 477.47 BPS.

Return on account for the week + 13.54 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A tough week, above my 2.5% weekly target.
The equity markets were quieter.

Changes on watch list stocks for the week:

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 9th October 2015

21 Stock Trades:

9 AAL + 331.98 BPS.
5 BLT + 93.84 BPS.
7 STAN + 190.10 BPS.

4 long trades + 34.59 BPS.
17 short trades + 581.33 BPS.

19 intraday trades + 640.70 BPS.
2 overnight trades - 24.78 BPS.

Stocks net + 615.91 BPS.

Return on account for the week + 17.86 % net.
P:L ratio 8.19:1.
I traded 5 days this week.
No Index trades.

Thoughts

A decent week, well above my 2.5% weekly target.
The equity markets were volatile again

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 25th September 2015

6 Stock Trades:

3 AAL + 126.57 BPS.
4 BLT + 128.60 BPS.
1 STAN + 15.76 BPS.

1 long trade + 15.76 BPS.
6 short trades + 255.17 BPS.

6 intraday trades + 202.02 BPS.
2 overnight trades + 68.92 BPS.

Stocks net + 270.94 BPS.

Return on account for the week + 1.20 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A difficult week, well below my 2.5% weekly target.
The equity markets were volatile again, with miners getting badly hit. GLEN traded under a pound, which is pretty amazing given the float price was around £5.
Elsewhere STAN made new lows for the year.. in fact it last traded at these levels back in 2009.
A very difficult market to trade (well for me anyway).

Stock changes on the week (UU replaced with GSK in the watch list):

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 18th September 2015

22 Stock Trades:

5 AAL + 150.53 BPS.
16 BLT + 627.71 BPS.
1 RIO + 13.32 BPS.

6 long trades + 132.96 BPS.
16 short trades + 658.61 BPS.

15 intraday trades + 531.61 BPS.
7 overnight trade + 259.95 BPS.

Stocks net + 791.57 BPS.

Return on account for the week + 4.84 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A better week, well above my 2.5% weekly target.
The equity markets were volatile, and I was fairly busy.
Some poor exits but a profit is a profit.
The Fed held the interest rate on Thursday evening, and the markets sold off a bit in response.

Stock changes on the week:

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 11th September 2015

17 Stock Trades:

5 AAL + 254.46 BPS.
9 BLT + 509.78 BPS.
3 STAN + 93.78 BPS.

6 long trades + 356.96 BPS.
11 short trades + 501.06 BPS.

14 intraday trades + 654.64 BPS.
3 overnight trade + 203.39 BPS.

Stocks net + 858.02 BPS.

Return on account for the week + 4.79 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A better week.
Above my 2.5% weekly target.

Changes on the week:

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 4th September 2015

15 Stock Trades:

6 AAL + 294.84 BPS.
8 BLT + 486.08 BPS.
1 RIO + 14.01 BPS.

6 long trades + 193.01 BPS.
9 short trades + 601.91 BPS.

9 intraday trades + 440.29 BPS.
4 overnight trade + 354.64 BPS.

Stocks net + 794.93 BPS.

Return on account for the week + 4.28 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A better week.
Above my 2.5% weekly target.

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 28th August 2015

10 Stock Trades:

2 AAL +113.68 BPS.
8 BLT - 775.89 BPS.

8 long trades - 775.89 BPS.
2 short trades + 113.68 BPS.

9 intraday trades + 119.72 BPS.
1 overnight trade - 781.94 BPS.

Stocks net - 662.21 BPS.

Return on account for the week - 5.39 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A pretty horrible week.

I bailed out of a swing trade on BLT which I probably should have ditched sooner, since the whole sector, and the equity market in general, saw a big sell off, as can be seen in the weekly changes:

The FTSE was down over 5.5% for the week.
So one trade was responsible for all the losses this week. Resource stocks were particularly badly hit, with crude getting sold off heavily. Gold was actually stronger. I'm not sure how much further this move is going to go. Banks were also very weak, with STAN breaking down below £8, levels it last hit back in 2009.

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 21st August 2015

10 Stock Trades:

2 AAL +113.68 BPS.
8 BLT - 775.89 BPS.

8 long trades - 775.89 BPS.
2 short trades + 113.68 BPS.

9 intraday trades + 119.72 BPS.
1 overnight trade - 781.94 BPS.

Stocks net - 662.21 BPS.

Return on account for the week - 5.39 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A pretty horrible week.

I bailed out of a swing trade on BLT which I probably should have ditched sooner, since the whole sector, and the equity market in general, saw a big sell off, as can be seen in the weekly changes:

The FTSE was down over 5.5% for the week.
So one trade was responsible for all the losses this week. Resource stocks were particularly badly hit, with crude getting sold off heavily. Gold was actually stronger. I'm not sure how much further this move is going to go. Banks were also very weak, with STAN breaking down below £8, levels it last hit back in 2009.

Hoping for better results next week.

Stay disciplined.

Stay focussed.

Stay humble.

T

Trading Summary Week Ended Friday 14th August 2015

12 Stock Trades:

3 AAL + 130.95 BPS.
9 BLT + 415.38 BPS.

7 long trades + 380.31 BPS.
5 short trades + 166.03 BPS.

7 intraday trades + 243.39 BPS.
5 overnight trades + 302.94 BPS.

Stocks net + 546.34 BPS.

Return on account for the week + 4.01 % net.
P:L ratio N/A.
I traded 4 days this week.
No Index trades.

Thoughts

A better week..  Above my 2.50 % weekly target.

A bit of a wild week in the markets, as on Tuesday China devalued its currency by over 2%, and that spooked the equity markets somewhat.
I made a couple of poor exits, when the miners found some strength on Monday afternoon, one of those sessions when the London market does nothing until New York wakes up, then takes off...
Overall, a very jittery market.

Outside the markets, ribs still very sore, still taking the painkillers.

Hoping for less pain and better results next week.

Changes on my watch list stocks over the last week, (GLEN got hammered again):

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 7th August 2015

9 Stock Trades:

4 AAL + 252.33 BPS.
5 BLT + 144.40 BPS.

2 long trades + 52.29 BPS.
7 short trades + 344.43 BPS.

6 intraday trades + 304.62 BPS.
3 overnight trades + 92.11 BPS.

Stocks net 396.73 BPS.

Return on account for the week + 2.06 % net.
P:L ratio N/A.
I traded 4 days this week.
No Index trades.

Thoughts

A better week.. still under my 2.50 % weekly target though.

Outside the markets, I was a bit busy this week after I managed to crash my bicycle and fracture four ribs last weekend... Pain is not a strong enough term to describe it.....

Hoping for a lot less pain and better results next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 31st July 2015

6 Stock Trades:

2 AAL + 137.06 BPS.
4 BLT + 130.36 BPS.

2 long trades + 67.58 BPS.
4 short trades + 199.84 BPS.

5 intraday trades + 259.97 BPS.
1 overnight trades + 10.45 BPS.

Stocks net  267.42 BPS.

Return on account for the week 0.92 % net.
P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

Another tough week. July has been a very difficult moth for my style of trading.
Over the month, the FTSE mining index (NMX1770) is down more than 10%. In June it fell 12.95%. The slowdown in China has really spooked the mining sector.

Hoping for better results next week.

Changes on my watch list stocks over the last week... a bit of strength creeping into the miners late in the week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 24th July 2015

13 Stock Trades:

2 AAL + 165.36 BPS.
11 BLT - 2429.04 BPS.

8 long trades - 2502.00 BPS.
5 short trades + 238.33 BPS.

10 intraday trades + 378.34 BPS.
3 overnight trades - 2642.02 BPS.

Stocks net  - 2263.68 BPS.

Return on account for the week - 12.65 % net.

I traded 5 days this week.
No Index trades.

Thoughts

A horrible week. Took a hit on a longish term BLT trade on Friday, which I should have dumped weeks ago.. All the losses were the result of just 2 trades on BLT. My intraday trades made a modest profit.

Miners were absolutely trashed this week, the index was down 10% over the week, which is a pretty huge move. Poor data from China didn't help the sector.

Gold fell sharply on Monday, breaking the $1100 level for a while.

I am really not happy with my recent performance, basically being a long side trader, trading during a severe bear market. I can never seem to hold onto shorts, even though in hindsight, in this market it has been the best strategy. Even today, I shorted the early rise on AAL, but trailed down my stop and closed @ 822. Later in the afternoon AAL traded well under 800. I should have been more patient.

Hoping for better results next week.

Changes on my watch list stocks over the last week, pretty big falls on GLEN, BLT, AAL and RIO:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 17th July 2015

15 Stock Trades:

2 AAL + 43.15 BPS.
13 BLT + 268.61 BPS.

8 long trades + 167.42 BPS.
7 short trades + 144.34 BPS.

14 intraday trades + 272.02 BPS.
1 overnight trade + 39.74 BPS.

Stocks net  + 311.76 BPS.

Return on account for the week + 2.65 % net.

P:L ratio N/A.
I traded 5 days this week.
No Index trades.

Thoughts

A difficult week's trading. Choppy markets, although the miners were supported after better than expected Chinese GDP data.
AAL and RIO both issued production reports on Thursday. BLT will do the same next week.

I made a couple of very poor exits, but still a profitable week overall.

Just above my 2.5% weekly target.

Hoping for better results next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 10th July 2015

4 Stock Trades:

1 AAL - 1394.68 BPS.
3 BLT + 86.91 BPS.

4 long trades - 1307.77 BPS.
No short trades.

2 intraday trades + 28.77 BPS.
2 overnight trades - 1336.54 BPS.

Stocks net  - 1307.77 BPS.

I traded 4 days this week.
Return on account for the week - 8.30 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A very poor week's trading.
I closed a swing trade on AAL for a fairly large loss.

Hoping for better results next week.

Changes on my watch list stocks over the last week, a bit of blue for a change:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 3rd July 2015

7 Stock Trades:

2 AAL + 38.58 BPS.
5 BLT - 65.60 BPS.

4 long trades - 89.51 BPS.
3 short trades + 62.48 BPS.

4 intraday trades - 7.26 BPS.
3 overnight trades - 19.77 BPS.

Stocks net  - 27.03 BPS.

I traded 4 days this week.
Return on account for the week - 0.43 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A poor week's trading. The Greek crisis meant that markets were jumpy yet again.
Miners were very weak, as was the equity market as a whole. The US markets were closed on Friday for Independence Day.

Hoping for better results next week.

Changes on my watch list stocks over the last week, lots of red:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 26th June 2015

11 Stock Trades:

5 AAL + 70.92 BPS.
4 BLT + 131.73 BPS.
1 RIO + 7.69 BPS.
1 STAN + 25.70 BPS.

7 long trades + 171.74 BPS.
4 short trades + 64.31 BPS.

9 intraday trades + 159.13 BPS.
2 overnight trades + 76.92 BPS.

Stocks net  + 236.05 BPS.

I traded 5 days this week.
Return on account for the week + 2.30 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A very tough week's trading. Developments in the Greek crisis meant that markets were jumpy yet again, and I found it a very challenging market to trade. Some of my exits were very poor (mainly on the short side).
Miners found some buyers in the middle of the week but sold off on Thursday and again on Friday.

Below my 2.5% weekly target.

Hoping for better results next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 19th June 2015

17 Stock Trades:

2 AAL + 55.92 BPS.
14 BLT + 221.71 BPS.
1 STAN + 48.36 BPS.

10 long trades + 224.54 BPS.
7 short trades + 101.44 BPS.

16 intraday trades + 314.52 BPS.
1 overnight trade + 11.46 BPS.

Stocks net  + 325.98 BPS.

I traded 5 days this week.
Return on account for the week + 3.24 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A very tough week. Very choppy moves on stocks and indices. I had to scalp what points I could.
Above my 2.5% weekly target.


This shows 15 and 5 min charts of BLT, it's interesting how the first 30 minute highs and lows can often give good support/resistance levels later in the day (green/red dotted lines mark the 30 min high/low):

Hoping for more opportunities next week.

Changes on my watch list stocks over the last week, miners sold off again:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 12th June 2015

15 Stock Trades:

9 AAL + 251.30 BPS.
5 BLT + 131.64 BPS.
1 STAN + 168.53 BPS.

10 long trades + 293.40 BPS.
5 short trades + 258.06 BPS.

12 intraday trades + 338.18 BPS.
3 overnight trades + 213.29 BPS.

Stocks net  + 551.46 BPS.

I traded 4 days this week.
Return on account for the week + 4.65 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A half - decent week. Had to be pretty quick, lots of choppy moves on stocks and indices.
Well north of my 2.5% weekly target, at any rate.

We saw some volatility on banks and miners. I made some poor exits. It's so easy to get spooked out a of a decent trade for no good reason. I should let good trades run, but that's not so easy in a choppy market.
Miners recovered some of their early losses later in the week, whilst oil producers were weak, with RDSA making a 52 week low.
Greek developments (or lack of them) contributed to market jitters.
Hoping for more opportunities next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 5th June 2015

17 Stock Trades:

6 AAL + 348.16 BPS.
11 BLT + 413.50 BPS.

12 long trades + 551.50 BPS.
5 short trades + 210.17 BPS.

13 intraday trades + 617.48 BPS.
4 overnight trades + 144.19 BPS.

Stocks net  + 761.67 BPS.

I traded 5 days this week.
Return on account for the week + 6.03 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A better week, and a pretty busy one by my standards.
Lots of volatility in the stocks I watch. A couple of very poor exits. I should have cleared over 1000 BPS, but I guess a profit is better than a loss. I missed a few nice opportunities on the likes of BARC and on VOD on Friday when it gapped up and immediately dropped over 500 BPS.
Still, well above my 2.5% weekly target.

All the talk of a Greek rescue / default produced some volatility on the stock and bond markets.
And then on Friday we had US payrolls, which added to the market volatility.

Hoping for more opportunities next week.

Changes on my watch list stocks over the last week, everything in the red:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 29th May 2015

4 Stock Trades:

2 AAL + 29.20 BPS.
2 BLT + 52.78 BPS.

4 long trades + 81.98 BPS.
No short trades.

3 intraday trades + 72.37 BPS.
1 overnight trade + 9.62 BPS.

Stocks net  + 81.98 BPS.

I traded 4 days this week.
Return on account for the week + 1.81 % net.
P:L ratio N/A.
No Index trades.

Thoughts

Another difficult week. Monday was closed for the bank holiday.
Miners were weak again, although they found a few buyers later in the week.
Well below my 2.5% weekly target.

Hoping for more opportunities next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 22nd May 2015

2 Stock Trades:

2 BLT + 26.03 BPS.



2 long trades + 26.03 BPS.
No short trades.
Stocks net  + 26.03.

1 intraday trade + 18.34 BPS.
1 overnight trade + 7.69 BPS.


I traded 2 days this week.
Return on account for the week + 0.26 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A very difficult week, miners were very weak. I am really poor at shorting big down moves, I find entries very difficult in such circumstances. A nothing week really.

Well below my 2.5% weekly target.

Hoping for more opportunities next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

AAL and BLT Charts May 2015

AAL pulled back to the .618 retracement level on Friday.




BLT pulled back to the .50 level

Trading Summary Week Ended Friday 15th May 2015

10 Stock Trades:

7 AAL + 181.71 BPS.
2 BLT + 56.87 BPS.
1 EZJ + 19.41 BPS.


8 long trades + 221.89 BPS.
2 short trades + 36.10 BPS.
Stocks net  + 257.99 BPS.

9 intraday and 1 overnight trade.


I traded 4 days this week.
Return on account for the week + 4.08 % net.
P:L ratio 17.32:1.
No Index trades.

Thoughts

A half decent week, although I missed some good opportunities due to other distractions. Some volatility on the miners later in the week.

Some poor exits, but above my 2.5% weekly target.
There was a huge sell off in EZJ after results, unfortunately I only captured a small part of the rebound on the stock.

Hoping for more opportunities next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 8th May 2015

7 Stock Trades:

4 AAL + 114.11 BPS.
1 BARC + 23.68 BPS.
1 BLT + 8.79 BPS.
1 HSBA + 9.09 BPS.


5 long trades + 86.06 BPS.
2 short trades + 69.60 BPS.
Stocks net  + 155.67 BPS.

Intraday and overnight trades.


I traded 4 days this week.
Return on account for the week + 2.68 % net.
P:L ratio N/A.
No Index trades.

Thoughts

A shortened week, London being closed on Monday for the bank holiday.
Some poor exits. Above my 2.5% weekly target at least.
Friday saw a rally after the election result, although this was mainly in banks and utilities.

Hoping for better opportunities next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended Friday 1st May 2015

 

4 Stock Trades:

2 AAL + 31.77 BPS.
2 STAN + 56.06 BPS.


1 long trade + 16.30 BPS.
3 short trades + 71.52 BPS.
Stocks net  + 87.82 BPS.

All intraday trades.


I traded 3 days this week.
Return on account for the week + 1.63 % net.
P:L ratio 63:1.
No Index trades.

Thoughts

A quiet week, struggled to find decent trades, although I missed a very strong reversal on the miners on Friday after Thursday's sell off.


Hoping for better opportunities next week.

Changes on my watch list stocks over the last week:

Stay disciplined.

Stay focussed.

Stay humble.

Resumption of This Trade Journal

I shall return to posting regular updates here shortly.