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.