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.