17 Trades:
1 AAL + 211 BPS.
3 BHP + 319 BPS.
2 BP + 60 BPS.
1 FRES + 29 BPS.
1 GLEN + 171 BPS.
1 MTRO + 1467 BPS.
8 UK100 + 78 BPS.
8 long trades + 790 BPS.
9 short trades + 1545 BPS.
8 intra-day trades + 81 BPS.
9 multi-day trades + 2254 BPS.
Total trades net + 2335 BPS.
Return on account for the week + 1.98 % net.
P:L ratio 13.4:1.
Days traded: 5.
Longest trade duration: 123 days.
Shortest trade duration: 8 min.
(All PNL expressed in basis points for the purpose of comparison.)
(Net return is lower than the BPS total might suggest as the MTRO trade was small).
Thoughts
A quieter week.
Equity markets were slightly firmer, after an early sell off.
BREXIT was postponed, even though the political class has had over two and a half years to sort it out. I think we have the most useless politicians this country has ever seen.
Well below my 2.5% weekly benchmark, I made a couple of very poor trade exists.
My return for the month was just over 11.6 %, with 70 trades made.
Looking forward to better trading opportunities next month.
Stay disciplined.
19 Trades:
1 AAL + 293 BPS.
1 BHP + 430 BPS.
1 FRES + 43 BPS.
2 GLEN + 369 BPS.
14 UK100 + 688 BPS.
18 long trades + 1780 BPS.
1 short trades + 43 BPS.
8 intra-day trades + 111 BPS.
11 multi-day trades + 1712 BPS.
Total trades net + 1823 BPS.
Return on account for the week + 6.41 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 130 days.
Shortest trade duration: 11 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
A busy week.
Again BREXIT was in the news, with the British government going on its knees to Brussels to beg for an extension, despite having had over two and a half years to sort this out.
You couldn't make this stuff up.
Equity markets were very volatile, with the FTSE making a new high for 2019 on Thursday, before dropping over 2% on Friday.
Difficult trading conditions, and I made some poor trade exits. Well above my 2.5% weekly benchmark though.
Looking forward to better trading opportunities next week.
Stay disciplined.
15 Trades:
4 BP + 67 BPS.
1 GLEN + 90 BPS.
1 MTRO + 908 BPS.
12 UK100 + 165 BPS.
7 long trades + 263 BPS.
8 short trades + 967 BPS.
8 intra-day trades + 37 BPS.
7 multi-day trades + 1193 BPS.
Total trades net + 1230 BPS.
Return on account for the week + 1.64 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 29 days.
Shortest trade duration: 2 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Another difficult week.
Markets were volatile with BREXIT developments moving Sterling.
Well below my 2.5% weekly benchmark.
Looking forward to better trading opportunities next week.
Stay disciplined.
14 Trades:
4 AAL + 731 BPS.
1 BHP - 1612 BPS.
2 FRES + 69 BPS.
1 GLEN + 34 BPS.
6 UK100 + 127 BPS.
8 long trades + 862 BPS.
6 short trades - 1513 BPS.
5 intra-day trades + 107 BPS.
9 multi-day trades - 758 BPS.
Total trades net - 651 BPS.
Return on account for the week + 0.48 % net.
P:L ratio 1.3:1.
Days traded: 5.
Longest trade duration: 100 days.
Shortest trade duration: 23 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
First full week back in Europe.
Markets were weaker, and weak Chinese trade data didn't help the bulls.
Well below my 2.5% weekly benchmark.
Poor trading, took a loss on a BHP short which was not clever (although a positive overall return since the BHP trade was smallish.)
Looking forward to better trading opportunities next week.
Stay disciplined.
9 Trades:
1 AAL + 341 BPS.
2 MTRO + 1706 BPS.
6 UK100 + 69 BPS.
4 long trades + 387 BPS.
5 short trades + 1729 BPS.
7 intra-day trades + 453 BPS.
2 multi-day trades + 1663 BPS.
Total trades net + 2116 BPS.
Return on account for the week + 2.19 % net.
P:L ratio N/A.
Days traded: 3.
Longest trade duration: 29 days.
Shortest trade duration: 4 min.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Again I was away for most of the week, arriving back in Europe on Thursday evening.
Just under my 2.5% weekly benchmark.
During February I made 52 trades and a net profit of 7.75% on my account, which was the poorest return for several months.
Looking forward to decent trading opportunities in March.
Stay disciplined.
2 Trades:
1 AAL + 415 BPS.
1 BHP + 221 BPS.
2 long trades + 636 BPS.
0 short trades.
0 intra-day trades.
2 multi-day trades + 636 BPS.
Total trades net + 636 BPS.
Return on account for the week + 0.80 % net.
P:L ratio N/A.
Days traded: 1.
Longest trade duration: 22 days.
Shortest trade duration: 1 day.
(All PNL expressed in basis points for the purpose of comparison.)
Thoughts
Just a couple of trades this week, as I arrived in China on Tuesday morning.
