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.