Trading Summary Week Ended 28th December 2018

23 Stock Trades:

2 AAL + 141 BPS.
2 BHP + 145 BPS.
4 FRES + 319 BPS.
2 GLEN + 79 BPS.
3 MCRO + 85 BPS.
10 UK100 + 506 BPS.

12 long trades + 726 BPS.
11 short trades + 549 BPS.
12 intra-day trades + 430 BPS.
11 multi-day trades + 845 BPS.
Stocks net + 1275 BPS.

Return on account for the week + 5.23 % net.
P:L ratio N/A.
Days traded: 2.5.
Longest trade duration: 8 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A short week due to the Christmas holiday.
The FTSE made another new low for 2018 on Thursday, following a hugely volatile day on Wall Street, when the Dow rallied over a thousand points.
We have another half day on Monday, before New Year's Day.

Just over double my 2.5% weekly benchmark, some really fast moves on the FTSE this week, had to be agile. I have no idea if we have made a bottom yet.

This chart shows the volatility on the FTSE cash:

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 21st December 2018

40 Stock Trades:

5 AAL + 332 BPS.
2 BP + 89 BPS.
2 BHP + 120 BPS.
5 FRES + 198 BPS.
6 GLEN + 249 BPS.
1 MCRO + 20 BPS.
18 UK100 + 464 BPS.

21 long trades + 931 BPS.
19 short trades + 541 BPS.
29 intra-day trades + 903 BPS.
11 multi-day trades + 569 BPS.
Stocks net + 1472 BPS.

Return on account for the week + 5.67 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 27 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 FTSE made a new low for 2018 (so far) on Thursday, following a sell off on Wall Street after the Fed raised rates on Wednesday night. We saw some big moves on the indices.

A couple of very poor exits, especially on shorts.
Still, well above my 2.5% weekly benchmark.

Next week we have Christmas, and the LSE is closed for two and a half days, so I expect markets to be quieter, but you never know.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ending 14th December 2018

34 Stock Trades:

4 BP + 169 BPS.
3 MRCO + 37 BPS.
1 STAN + 14 BPS.
1 RR + 25 BPS.
1 RDSB + 8 BPS.
24 UK100 + 254 BPS.

6 long trades + 46 BPS.
28 short trades + 461 BPS.
28 intra-day trades + 312 BPS.
6 multi-day trades + 195 BPS.
Stocks net + 507 BPS.

Return on account for the week + 2.75 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 3 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quieter week on the equity markets.
Difficult trading conditions, I found it challenging to find good opportunities, and took a few pretty marginal trades.
A couple of very poor exits, especially on UK100 shorts.
Just above my 2.5% benchmark.

I still think we are due a rally, as were are now in the most bullish period of the year historically.

Hoping for some more decent trading opportunities next week which is really the last week of the year, although the market will be open for three days the following week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 7th December 2018

59 Stock Trades:

2 AAL + 45 BPS.
1 ANTO + 11 BPS.
2 BARC + 97 BPS.
5 BHP + 120 BPS.
4 BP + 213 BPS.
4 FRES + 75 BPS.
8 GLEN + 773 BPS.
2 STAN + 44 BPS.
31 UK100 + 666 BPS.

14 long trades + 218 BPS.
45 short trades + 1825 BPS.
47 intra-day trades + 982 BPS.
12 multi-day trades + 1062 BPS.
Stocks net + 2044 BPS.

Return on account for the week + 7.61 % net.
P:L ratio 18.8:1.
Days traded: 5.
Longest trade duration: 41 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very busy week on the equity markets. The FTSE made a new low for the year on Thursday, dipping below 6700 for a while.
We are due a rally I think, as were are now entering the most bullish period of the year historically.

Triple my 2.5% benchmark. Shorts were the order of the day, all rallies were being sold into.

I made some poor exits, especially one short where I forgot I had a limit buy order in and it got triggered overnight, so that I caught just 44 points on a move that would have resulted in two or three times that if I had just trailed a stop. I should have been at my desk at one in the morning when the market opened for that one...


Hoping for some more decent trading opportunities as we had for the year's end.

Stay disciplined.

Stay focussed.

Stay humble.

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Trading Summary Week Ended 30th November 2018

41 Stock Trades:

6 AAL + 274 BPS.
1 BARC + 12 BPS.
4 BHP + 553 BPS.
3 BP + 58 BPS.
6 FRES + 300 BPS.
9 GLEN + 455 BPS.
1 MCRO + 14 BPS.
11 UK100 + 68 BPS.

4 long trades + 30 BPS.
37 short trades + 1704 BPS.
35 intra-day trades + 1351 BPS.
6 multi-day trades + 383 BPS.
Stocks net + 1734 BPS.

Return on account for the week + 2.91 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 75 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week to close the month of November. Equity markets were volatile again.

Some decent trading opportunities, and above my 2.5% benchmark anyway. In BPS terms my best week of 2018 so far, beating last week's record by roughly 130 BPS.
The lower percentage return than last week reflects the fact that my trade size as a percentage of cash was lower.

During November I made 192 trades, 68 of which were FTSE 100 trades, the remainder being stocks.
It was my best month of 2018 in cash PNL terms, the net return was 14.44 %.


Hoping for some more decent trading opportunities as we enter December.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 23rd November 2018

36 Stock Trades:

1 AAL + 56 BPS.
6 BLT + 170 BPS.
1 BP + 179 BPS.
3 FRES + 492 BPS.
5 GLEN + 181 BPS.
9 MCRO + 368 BPS.
11 UK100 + 160 BPS.

10 long trades + 297 BPS.
26 short trades + 1309 BPS.
28 intra-day trades + 815 BPS.
8 multi-day trades + 791 BPS.
Stocks net + 1606 BPS.

Return on account for the week + 3.84 % net.
P:L ratio N/A.
Days traded: 3.
Longest trade duration: 10 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A shortened week for me, was away in Porto, Portugal from Thursday morning, although I did take my laptop and did manage a couple of trades on Thursday and Friday.

Above my 2.5% benchmark anyway, despite the short week. In fact in BPS terms my best week of 2018 so far.
Equity markets sold off on thursday and Friday.

Hoping for some more decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 16th November 2018

46 Stock Trades:

2 AAL + 68 BPS.
7 BLT + 395 BPS.
7 BP + 299 BPS.
6 FRES + 409 BPS.
6 GLEN + 164 BPS.
4 MCRO + 72 BPS.
1 RBS + 40 BPS.
13 UK100 + 145 BPS.

14 long trades + 554 BPS.
32 short trades + 1038 BPS.
29 intra-day trades + 838 BPS.
16 multi-day trades + 762 BPS.
Stocks net + 1592 BPS.

Return on account for the week + 3.73 % net.
P:L ratio 35.5:1.
Days traded: 5.
Longest trade duration: 210 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets. We had some decent moves on the FTSE and the commodity shares.

Above my 2.5% benchmark anyway, despite some poor entries and exits. In terms of basis points, it was my best week of the year to date (not in ££ though).

Hoping for some more decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 9th November 2018

44 Stock Trades:

3 AAL + 50 BPS.
5 BLT + 85 BPS.
2 BP + 50 BPS.
1 BTA + 29 BPS.
2 GLEN + 48 BPS.
3 MCRO + 18 BPS.
1 STAN + 21 BPS.
27 UK100 + 95 BPS.

19 long trades + 215 BPS.
25 short trades + 181 BPS.
35 intra-day trades + 304 BPS.
9 multi-day trades + 92 BPS.
Stocks net + 396 BPS.

Return on account for the week + 1.45 % net.
P:L ratio 11.5:1.
Days traded: 5.
Longest trade duration: 7 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tricky week on the equity markets.
Markets were generally weak, with the FTSE fining it difficult to stay above the 7100 level.
Stocks moved in narrow ranges, and I found few decent trades. Some very poor trades exits.

Well below my 2.5% benchmark.

Hoping for better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 2nd November 2018

44 Stock Trades:

3 AAL + 249 BPS.
9 BLT + 268 BPS.
3 BP + 181 BPS.
5 BTA + 81 BPS.
1 FRES + 56 BPS.
4 GLEN + 88 BPS.
3 STAN + 139 BPS.
11 UK100 + 102 BPS.

14 long trades + 569 BPS.
30 short trades + 682 BPS.
39 intra-day trades + 752 BPS.
5 multi-day trades + 499 BPS.
Stocks net + 1251 BPS.

Return on account for the week + 2.92 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 28 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

This week we saw a strong rally on the equity markets. The FTSE came close to testing the 7200 level on Friday morning before dropping back later in the day.
Stocks were volatile again, including BP and RD Shell after both reported Q3 results.
A difficult week's trading. North of my 2.5% benchmark anyway.

October proved to be a decent month for my trading, I made 190 trades (71 long, 119 short), for a net return of a smidgen over 17%. The P:L ratio was 10.9:1.
I made 75 trades on the FTSE for a total profit of  953 points.
This was my best month of 2018 so far.

Hoping for some decent trading opportunities going into November.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 26th October 2018

53 Stock Trades:

4 AAL - 332 BPS.
7 BLT + 331 BPS.
7 BP - 169 BPS.
8 FRES + 630 BPS.
2 GLEN + 275 BPS.
1 MCRO + 11 BPS.
1 RR + 77 BPS.
3 STAN + 185 BPS.
20 UK100 + 496 BPS.

14 long trades - 8 BPS.
39 short trades + 1512 BPS.
34 intra-day trades + 1121 BPS.
19 multi-day trades + 383 BPS.
Stocks net + 1504 BPS.

Return on account for the week + 5.23 % net.
P:L ratio 5.5:1.
Days traded: 5.
Longest trade duration: 190 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another sell off on the equity markets. The FTSE made a new low for the last few months at 6885 on Thursday,  just above the March 2018 low, before rallying back to 7000. Then the market sold off again on Friday afternoon to make a new low for the year.

Both BP and RD Shell fell over 7% on the week, that's a big chunk of the FTSE. The big banks HSBA, BARC, RBS, LLOY and STAN were very weak too.

A very difficult week's trading. Fifty - three trades is a record for 2018 for me, a very busy week.

I left a lot of money on the table closing shorts early though.  The negative net result for long trades says a lot about the state of the market at the moment - shorts were the way to go this week, any rally is being sold very quickly. I do think we could have a strong rally soon though.

Twice my weekly 2.5% benchmark, even though I made some poor trade entries and exits.

Hoping for some decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 19th October 2018

40 Stock Trades:

6 AAL + 256 BPS.
4 BLT + 101 BPS.
5 BP + 169 BPS.
7 FRES + 290 BPS.
1 GLEN + 31 BPS.
1 RR - 221 BPS.
16 UK100 + 285 BPS.

13 long trades + 261 BPS.
27 short trades + 650 BPS.
31 intra-day trades + 984 BPS.
9 multi-day trades - 73 BPS.
Stocks net + 911 BPS.

Return on account for the week + 3.11 % net.
P:L ratio 18.7:1.
Days traded: 5.
Longest trade duration: 5 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week on the equity markets. The FTSE made a new low for the last few months at 6961 on Monday, still a hundred points above the March 2018 low though.

I'm wondering if we are due a rally soon, the fourth quarter has been by far the strongest since January 2000, with an average gain of 3.47% for the index. In fact it's the only quarter that has been positive on average (the first quarter has been the worst, with an average loss of 1.2%).

Just north  of my weekly 2.5% benchmark. Made some poor trade entries and exits.

Hoping for some decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 12th October 2018

41 Stock Trades:

5 AAL + 172 BPS.
2 BLT + 205 BPS.
5 BP + 111 BPS.
1 FRES + 41 BPS.
4 GLEN + 147 BPS.
3 MCRO + 58 BPS.
3 RR - 225 BPS.
2 STAN + 25 BPS.
16 UK100 + 432 BPS.

15 long trades + 100 BPS.
26 short trades + 866 BPS.
29 intra-day trades + 681 BPS.
6 multi-day trades + 285 BPS.
Stocks net + 966 BPS.

Return on account for the week + 4.56 % net.
P:L ratio 22.4:1.
Days traded: 5.
Longest trade duration: 190 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Quite a week ! The markets took a big swing lower during the week, the FTSE traded below 7000 for a short time. In fact the FTSE closed the week at 6995.91, down 4.41% on last Friday's close. Certainly a lot of volatility for the active trader.

Over my weekly 2.5% benchmark return for a change, first time since September.

Made a few poor entries and exits, it was one of those weeks when you really couldn't leave the screens for long at all.

Hoping for some decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 5th October 2018

37 Stock Trades:

8 AAL + 197 BPS.
3 BLT + 57 BPS.
1 BP + 86 BPS.
1 FRES + 11 BPS.
2 GLEN + 46 BPS.
2 STAN + 185 BPS.
2 TSCO + 45 BPS.
18 UK100 + 108 BPS.

23 long trades + 475 BPS.
14 short trades + 260 BPS.
31 intra-day trades + 236 BPS.
6 multi-day trades + 299 BPS.
Stocks net + 735 BPS.

Return on account for the week + 1.93 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 14 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A busy week on the equity markets. The FTSE broke below 7350 again on Friday. Commodity stocks were all weaker.

Another difficult week's trading, I made some very poor trade exits, especially on the short side.
Well short of my weekly 2.5% benchmark return.


Hoping for some decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 28th September 2018

26 Stock Trades:

7 AAL + 151 BPS.
2 BLT + 40 BPS.
2 BP + 138 BPS.
2 MCRO + 30 BPS.
1 STAN + 8 BPS.
12 UK100 + 75 BPS.

13 long trades + 339 BPS.
13 short trades + 103 BPS.
22 intra-day trades + 288 BPS.
4 multi-day trades + 154 BPS.
Stocks net + 442 BPS.

Return on account for the week + 1.68 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 78 days.
Shortest trade duration:  5 mins.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quieter week on the equity markets. Commodity stocks were strong this week, with BP and  Shell making new 30 day highs on Tuesday.

Another difficult week's trading, finding scalp trades mainly, well short of my weekly 2.5% benchmark return.

September was a fairly active month for me, I made 108 trades, and the net return was 9.12 %, slightly lower than in August (although I made fewer trades in August).

Hoping for some decent trading opportunities next month.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 21st September 2018

26 Stock Trades:

2 AAL + 23 BPS.
1 GLEN + 27 BPS.
2 MCRO + 29 BPS.
2 SSE + 38 BPS.
2 STAN + 137 BPS.
17 UK100 + 191 BPS.

1 long trades + 22 BPS.
25 short trades + 423 BPS.
24 intra-day trades + 397 BPS.
2 multi-day trades + 48 BPS.
Stocks net + 445 BPS.

Return on account for the week + 2.01 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 4 days.
Shortest trade duration:  4 mins.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets.
Mining stocks found some buyers this week, and the FTSE mining index was up over 10 % over the week.
A difficult week, well short of my weekly 2.5% benchmark return.

Hoping for better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 14th September 2018

24 Stock Trades:

1 AAL + 100 BPS.
1 BP + 10 BPS.
2 GLEN + 248 BPS.
1 MCRO + 9 BPS.
1 SSE + 13 BPS.
1 STAN + 12 BPS.
17 UK100 + 178 BPS.

2 long trades + 23 BPS.
22 short trades + 547 BPS.
20 intra-day trades + 324 BPS.
4 multi-day trades + 246 BPS.
Stocks net + 570 BPS.

Return on account for the week + 1.95 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 146 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets, the FTSE broke last week's low on Tuesday morning after more developments in the ongoing trade war between the US and China. Then we had a rally on Wednesday which continued to the end of the week.

A very difficult week, mainly scalping points on the FTSE, I closed a couple of short trades very early, well short of my weekly 2.5% benchmark return.

Hopefully I can find more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 7th September 2018

30 Stock Trades:

5 AAL + 553 BPS.
1 BLT - 370 BPS.
7 GLEN + 636 BPS.
2 MCRO + 23 BPS.
1 RDSB + 12 BPS.
3 STAN - 396 BPS.
13 UK100 + 199 BPS.

7 long trades - 775 BPS.
23 short trades + 1432 BPS.
16 intra-day trades + 401 BPS.
16 multi-day trades + 256 BPS.
Stocks net + 657 BPS.

Return on account for the week + 2.67 % net.
P:L ratio 2.2:1.
Days traded: 5.
Longest trade duration: 142 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Bit of a crazy week, equity markets started the month of September in bullish mode on Monday, but then sold off on Tuesday and Wednesday, breaking below 7400, and then breaking 7300 on Friday.
By Friday morning, the FTSE had come off over 540 points (7 %) from the 8th of August high of 7790. The index closed just over 2 % down for the week.

Commodity stocks were hit by strength in sterling yet again.

A busy week, difficult trading conditions overall, just north of my weekly 2.5% benchmark return.

Hopefully I can find more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 31st August 2018

17 Stock Trades:

2 AAL + 55 BPS.
4 MCRO + 115 BPS.
2 RDSB + 9 BPS.
1 SGE + 27 BPS.
2 STAN + 65 BPS.
6 UK100 + 56 BPS.

8 long trades + 126 BPS.
9 short trades + 201 BPS.
16 intra-day trades + 308 BPS.
1 multi-day trades + 19 BPS.
Stocks net + 327 BPS.
Return on account for the week + 1.34 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 1 day.
Shortest trade duration:  8 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week after the August bank holiday on Monday.
Equity markets started the week in bullish mode after the US market made new all time highs.

UK equities sold off on Thursday, partly as a result of the rise in sterling against the USD. This was despite the SPX making a new all time high again on Wednesday night. The FTSE dipped back below the 7500 level again on Friday, to close below the 200 DMA for the first time since April.

MCRO was very volatile on Tuesday after announcing a buy back programme, I made a couple of poor trade exits on it, should have netted a couple of hundred BPS or more.

Poor trading overall, and well below my weekly 2.5% benchmark.

August has been a difficult month to trade, I made 94 trades and a net return of almost exactly 10%.
The FTSE 100 lost just over 4% in August, whilst the SPX was up over 3%

Hopefully I can find better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 24th August 2018

22 Stock Trades:

2 AAL + 66 BPS.
1 BLT + 19 BPS.
4 GLEN + 147 BPS.
1 SGE + 22 BPS.
13 UK100 + 66 BPS.

6 long trades + 73 BPS.
16 short trades + 247 BPS.
16 intra-day trades + 183 BPS.
6 multi-day trades + 137 BPS.
Stocks net + 320 BPS.
Return on account for the week + 1.17 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 5 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets. Markets were range - bound for most of the week. I scalped a few points off the FTSE, as well as stocks, but it was very tricky going all week.


Well below my weekly 2.5% benchmark.

We have a long weekend since the LSE is closed on Monday for the bank holiday.
And the start of the Vuelta on Saturday.

Hopefully we'll see better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 17th August 2018

20 Stock Trades:

7 AAL + 421 BPS.
1 ANTO + 20 BPS.
2 BARC + 42 BPS.
2 FRES + 25 BPS.
2 GLEN + 107 BPS.
6 UK100 + 33 BPS.

10 long trades + 113 BPS.
10 short trades + 535 BPS.
14 intra-day trades + 388 BPS.
6 multi-day trades + 260 BPS.
Stocks net + 648 BPS.
Return on account for the week + 2.35 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 22 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very challenging week on the equity markets.

Equity markets sold off on fears over the effects of Turkey's currency weakening. The FTSE fell below the 7500 level for the fist time since April this year, in fact it stopped just above the 200 DMA.

The mining sector took a huge hit on Wednesday, with the likes of FRES falling over 9%. We had a bit of a recovery on Thursday and then on Friday, (expiration day) markets were weaker again.
All in all a difficult week.
Some very premature exits on short positions.
Well below my weekly 2.5% benchmark.

Looking forward to more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 10th August 2018

21 Stock Trades:

1 AAL + 145 BPS.
1 BLT + 39 BPS.
1 FRES + 29 BPS.
7 GLEN + 418 BPS.
4 MCRO + 118 BPS.
2 STAN + 43 BPS.
5 UK100 + 71 BPS.

9 long trades + 198 BPS.
11 short trades + 664 BPS.
13 intra-day trades + 292 BPS.
8 multi-day trades + 570 BPS.
Stocks net + 862 BPS.
Return on account for the week + 3.16 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week on the equity markets.
GLEN missed estimates when it reported on Wednesday. The shares initially sold off before rallying.
We saw a sell off in equities on Friday morning, not really sure what triggered that, but I took advantage of it, closing a couple of short positions. FRES was volatile on Friday, falling over 5% before rallying strongly later in the afternoon (closed too early again).

Above my weekly 2.5% benchmark anyway, first time for a couple of weeks, which is good.

Looking forward to more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 3rd August 2018

21 Stock Trades:

5 AAL + 296 BPS.
2 BARC + 56 BPS.
1 BLT + 28 BPS.
3 GLEN + 156 BPS.
1 RR + 13 BPS.
7 STAN + 82 BPS.
2 UK100 + 7 BPS.

6 long trades + 156 BPS.
15 short trades + 482 BPS.
15 intra-day trades + 349 BPS.
6 multi-day trades + 289 BPS.
Stocks net + 638 BPS.
Return on account for the week + 1.92 % net.
P:L ratio 30.2:1.
Days traded: 5.
Longest trade duration: 16 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

A quieter week on the equity markets.
The widely anticipated base rate increase on Thursday actually happened. The Bank of England raised rates by 25 BPS. Equity markets were weaker with the commodity stocks hit.
Well below my weekly 2.5% benchmark. I missed some good trades, and made some very poor exits, including a STAN short which I should have held a lot longer, and the day after, a long on the same stock which I closed much too soon. All pretty frustrating.
In fact my trading was pretty poor all round. Hopefully my trading can improve for the rest of the month.

Also trading under the new ESMA rules this week. 

Looking forward to more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 27th July 2018

11 Stock Trades:

4 AAL + 118 BPS.
1 BLT + 29 BPS.
2 FRES + 93 BPS.
1 RDSB + 9 BPS.
3 UK100 - 32 BPS.

7 long trades + 99 BPS.
4 short trades + 118 BPS.
7 intra-day trades + 180 BPS.
4 multi-day trades + 37 BPS.
Stocks net + 217 BPS.
Return on account for the week + 0.60 % net.
P:L ratio 1.91:1.
Days traded: 5.
Longest trade duration: 42 days.
Shortest trade duration:  12 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

A quieter week on the equity markets.
Well below my weekly 2.5% benchmark. I missed some good trades, and made some poor ones.

Crude oil rallied, as did copper. Mining stocks had a strong rally on Tuesday, before selling off on Wednesday.

Looking forward to more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 20th July 2018

12 Stock Trades:

1 AAL + 20 BPS.
1 BLT + 176 BPS.
5 GLEN + 197 BPS.
2 MCRO + 52 BPS.
3 UK100 +  56 BPS.

4 long trades + 249 BPS.
8 short trades + 252 BPS.
6 intra-day trades + 137 BPS.
6 multi-day trades + 364 BPS.
Stocks net + 501 BPS.
Return on account for the week + 2.60 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 3 days.
Shortest trade duration:  7 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

A difficult week on the equity markets. Made some very poor trade exits.
Just above my weekly 2.5% benchmark. 

Crude oil was weak again, as was gold.

Looking forward to more trading opportunities next week.

That and enjoying the Tour de France.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 13th July 2018

24 Stock Trades:

4 AAL + 543 BPS.
2 BLT + 42 BPS.
3 BP + 92 BPS.
3 GLEN + 366 BPS.
5 MCRO + 214 BPS.
7 UK100 + 66 BPS.

9 long trades + 188 BPS.
15 short trades + 1135 BPS.
15 intra-day trades + 473 BPS.
9 multi-day trades + 850 BPS.
Stocks net + 1323 BPS.
Return on account for the week + 5.38 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 50 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

Another volatile week on the equity markets.

MCRO came out with results on Wednesday and the stock sold off sharply. The commodity stocks also sold off midweek on more trade tariff concerns.
Equity markets then rallied into the end of the week.

I was pretty busy this week, closing 24 trades.

Above my weekly 2.5% benchmark, but it should have been higher. My trade entries were poor, especially on MCRO. Trades on the short side were much better performers over the week, as shown in the figures above, short trades being over six times more profitable. 

 Crude oil was very volatile with a sell off midweek:

Looking forward to more trading opportunities next week.

That and watching the Tour de France.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 6th July 2018

23 Stock Trades:

5 AAL + 286 BPS.
4 BLT + 156 BPS.
5 GLEN + 306 BPS.
1 MCRO + 38 BPS.
8 UK100 + 48 BPS.

9 long trades + 236 BPS.
14 short trades + 598 BPS.
19 intra-day trades + 558 BPS.
4 multi-day trades + 276 BPS.
Stocks net + 834 BPS.
Return on account for the week + 3.90 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 61 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

A volatile start to the week, stocks sold off at the open on Monday.

GLEN took a huge hit on Tuesday after the company received a subpoena from the US Department of Justice. The stock was down over 12% intraday at one point. Almost unbelievably, I had closed a short position on GLEN the day before - not-so-great timing. I scalped a few points on the rebound but my entries and exits were very poor.

US markets were closed on Wednesday, then we a had a rally on Thursday.

Above my weekly 2.5% benchmark, but it should have been a lot higher. 



Of course, this weekend sees the start of the greatest sporting event of the year - the Tour de France, which means that I will be trying to trade, whilst glued to the coverage of the cycling for the next three weeks.

Looking forward to more trading opportunities, and some exciting racing next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 29th June 2018

24 Stock Trades:

7 AAL + 508 BPS.
3 BLT + 241 BPS.
2 BP + 141 BPS.
3 GLEN + 104 BPS.
4 MCRO + 33 BPS.
5 UK100 + 27 BPS.

9 long trades + 348 BPS.
15 short trades + 706 BPS.
13 intra-day trades + 550 BPS.
11 multi-day trades + 504 BPS.
Stocks net + 1054 BPS.
Return on account for the week + 4.59 % net.
P:L ratio 35.3:1.
Days traded: 5.
Longest trade duration: 49 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

A busy week's trading. Equity markets sold off on Monday, with the commodity sectors being badly hit.
We saw some rebound on Tuesday and Wednesday, with crude oil having a very strong rally. On Thursday equity markets sold off after Wall street reversed its gains on Wednesday night. Then we saw a rally early on Friday.

Miners and other commodity stocks were volatile again.

I made a few poor trade exits, including selling BP too early into the rally on Wednesday, and closing a couple of shorts into the decline on Thursday. I also closed a MCRO long trade criminally early on Thursday - patience....
North of my weekly 2.5% benchmark anyway. 

I made 77 trades during June, with a net return of just over 13%.
Looking forward to better trading opportunities next month.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 22nd June 2018

11 Stock Trades:

1 AAL + 36 BPS.
2 BP + 28 BPS.
1 RR + 41 BPS.  
7 UK100 + 129 BPS.

6 long trades + 91 BPS.
5 short trades + 143 BPS.
6 intra-day trades + 131 BPS.
5 multi-day trades + 103 BPS.
Stocks net + 234 BPS.
Return on account for the week + 2.00 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 5 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

 

A quieter week, markets were range - bound for most of the week.
Crude spiked higher on Friday following a meeting of OPEC. BP was volatile, and I closed a long position in it far too early, mainly as as my entry was poor, and I didn't want to let it fall back into the red. Patience is virtue for a trader.

Well short of my weekly 2.5% benchmark. 

Looking forward to better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 15th June 2018

16 Stock Trades:

2 AAL + 44 BPS.
1 BP + 21 BPS.
3 BLT +  125 BPS.
1 GLEN + 35 BPS.
1 OCDO + 88 BPS.
1 RR + 54 BPS.
7 UK100 + 64 BPS.

8 long trades + 234 BPS.
8 short trades + 197 BPS.
11 intra-day trades + 309 BPS.
5 multi-day trades + 122 BPS.
Stocks net + 431 BPS.
Return on account for the week + 2.14 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 15 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week's trading.

Markets were pretty range bound during the first part of the week. We saw a sell off after the US Fed raised rates by 25 BPS on Wednesday night, before a strong rally on Thursday, then a sell off on Friday.

Made a few very poor trades exits again this week, especially on my RR short, which dropped over 400 BPS from the early high on Friday.

Well short of my weekly 2.5% benchmark. 

Looking forward to more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 8th June 2018

21 Stock Trades:

2 AAL + 54 BPS.
1 BP + 40 BPS.
3 BLT +  189 BPS.
1 FRES + 26 BPS.
14 UK100 + 127 BPS.

14 long trades + 374 BPS.
7 short trades + 62 BPS.
15 intra-day trades + 224 BPS.
6 multi-day trades + 212 BPS.
Stocks net + 436 BPS.
Return on account for the week + 2.95 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 16 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another tough week's trading.

Markets were quieter during the first part of the week. Miners were strong, as were the metals. The FTSE held above the 7700 level for most of the week.

On Thursday, due to technical problems the LSE didn't open at the usual 8 am, so we had the FTSE futures trading but no stocks open and the FTSE cash closed. I managed to profit a few points on a couple of shorts when the FTSE futures were pricing in a 60 point plus rally at the open. Sure enough, the futures fell sharply after the cash finally opened at 9am. Actually I closed too early, lowering my stop too agressively.

Markets sold off again on Friday morning, before rallying around midday then selling off again. All in all, a volatile week.
Made a few very poor trades exits again this week.

Just north of my weekly 2.5% benchmark. 

Looking forward to more trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 1st June 2018

10 Stock Trades:

2 AAL + 41 BPS.
1 BLT +  111 BPS.
1 GLEN + 63 BPS.
6 UK100 + 49 BPS.

2 long trades + 174 BPS.
8 short trades + 90 BPS.
5 intra-day trades + 56 BPS.
5 multi-day trades + 208 BPS.
Stocks net + 264 BPS.
Return on account for the week + 1.06 % net.
P:L ratio 3.5:1.
Days traded: 4.
Longest trade duration: 21 days.
Shortest trade duration:  8 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very difficult week's trading. The London markets were closed on Monday for the bank holiday.

Political uncertainty in Italy sparked a sell off across Europe early in the week. Markets then bounced on Friday. Commodity stocks gained strength over the week.

The net return is lower than the BPS figure would suggest, due to dividends deducted from an overnight short position.

Well below my weekly 2.5% benchmark.

Looking forward to more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 25th May 2018

11 Stock Trades:

2 AAL + 140 BPS.
2 BLT +  152 BPS.
3 GLEN + 142 BPS.
4 UK100 + 136 BPS.

11 long trades + 570 BPS.
0 short trades.
6 intra-day trades + 249 BPS.
5 multi-day trades + 321 BPS.
Stocks net + 570 BPS.
Return on account for the week + 3.65 % net.
P:L ratio N/A.
Days traded:5.

Longest trade duration: 5 days.
Shortest trade duration:  10 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

The rally in the commodity stocks continued in the early part of the week, but then we saw a sell off on Wednesday morning. Crude oil saw a serious sell off on Friday.

FTSE made new all time highs on Monday and Tuesday. The index has now rallied nearly 15% off the March lows.

Trading was difficult, and I made some poor entries and exits, selling the mining stocks rally too early.

Still, just above my weekly 2.5% benchmark.

Looking forward to a long weekend, and more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 18th May 2018

13 Stock Trades:

1 AAL + 46 BPS.
3 BLT + 292 BPS.
2 BP +  172 BPS.
3 GLEN + 142 BPS.
4 UK100 + 155 BPS.

13 long trades + 807 BPS.
0 short trades.
5 intra-day trades + 191 BPS.
8 multi-day trades + 616 BPS.

Stocks net + 807 BPS.

Return on account for the week + 6.34 % net.
P:L ratio N/A.
Days traded:5.

Longest trade duration: 4 days.
Shortest trade duration:  11 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another strong week for the commodity stocks, as Brent crude hit the $80 mark. BP and Shell both made new 52 week highs this week, helping the FTSE rally.
Three of the big four mining stocks made new 52 week highs, as did the FTSE mining index, which broke above 20,000 for the first time since February 2013.
GLEN was volatile of Friday after news of a bribery investigation.

FTSE made a new all time closing high on Thursday, the rally shows no signs of ending.

Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 11th May 2018

14 Stock Trades:

2 AAL + 169 BPS.
2 BLT + 57 BPS.
2 BT.A + 125 BPS.
2 BP +  49 BPS.
2 GLEN + 126 BPS.
4 UK100 + 149 BPS.

11 long trades + 563 BPS.
3 short trades + 112 BPS.
9 intra-day trades + 350 BPS.
5 multi-day trades + 325 BPS.

Stocks net + 675 BPS.

Return on account for the week + 5.80 % net.
P:L ratio N/A.
Days traded:4.

Longest trade duration: 22 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week, due to the May bank holiday.
The FTSE made yet another 30 day high on Tuesday, Wednesday, Thursday and Friday. The rally shows no sign of ending.
Miners and oil stocks were volatile again, crude oil was bid higher after Donald Trump cancelled the Iran deal.
BT.A fell over 8% on Thursday after releasing results. I scalped a few points on a couple of longs on it.
Made a few very poor trade exits this week, including closing BLT long much too soon, given how strong the sector was.
Well above my 2.5% weekly benchmark.

Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 4th May 2018

23 Stock Trades:

5 AAL + 196 BPS.
6 BLT + 394 BPS.
2 BP + 221 BPS.
3 GLEN + 220 BPS.
1 SBRY + 79 BPS.
6 UK100 + 211 BPS.

11 long trades + 791 BPS.
12 short trades + 530 BPS.
13 intra-day trades + 471 BPS.
10 multi-day trades + 850 BPS.

Stocks net + 1321 BPS.

Return on account for the week + 12.25 % net.
P:L ratio N/A.
Days traded: 5.

Longest trade duration: 13 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week, and markets were active again.
Crude oil was weaker on Monday. The FTSE however made another 30 day high.
SBRY gapped open nearly 20% on Monday after merger (with ASDA) news emerged over the weekend. I think the shorts took a big hit on that. I took a short on it but closed way too early.

Miners were volatile again, especially GLEN after it emerged that Glencore won a temporary injunction against mining magnate Dan Gertler over $2.28 billion worth of royalties the Israeli businessman says he is owed by the Anglo-Swiss commodities trader.

Mining stocks remained strong, as did the oil majors (stronger than their counterparts in the US). This is probably due to the continued weakness of GBP/USD. Both BP and RD Shell made new 52 week highs on Friday.

So all in all, a pretty busy week.
Well north of my 2.5% weekly benchmark anyway.

Of course, the Giro starts on Friday... three weeks of cycling on the TV... going to be difficult to concentrate on work...

Looking forward to further opportunities and some quality cycle racing next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 27th April 2018

22 Stock Trades:

2 AAL + 138 BPS.
7 BLT + 265 BPS.
2 BP + 55 BPS.
1 GLEN + 143 BPS.
10 UK100 + 165 BPS.

16 long trades + 605 BPS.
6 short trades + 161 BPS.
16 intra-day trades + 523 BPS.
6 multi-day trades + 243 BPS.

Stocks net + 766 BPS.

Return on account for the week + 8.73 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 8 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week for me.
The crude oil rally continued in the first part of the week, boosting the price of BP and RD Shell.
Crude then fell back on Wednesday. Miners were also weaker, and Wednesday saw the mining stocks sell off sharply. On Thursday we rallied again, the FTSE was pretty strong, making another 30 day high on Friday. Overall the FTSE was up 134 points on the week.

Made some poor exits (taking profits too early).
Above my 2.5% weekly benchmark anyway.

Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.