Trading Summary Week Ended 28th June 2019

21 Trades:

2 AAL + 372 BPS.
1 BHP + 347 BPS.
1 FRES + 263 BPS.
1 GLEN + 8 BPS.
1 MTRO + 143 BPS.
15 UK100 + 51 BPS.

11 long trades + 1012 BPS.
10 short trades + 172 BPS.
15 intra-day trades + 191 BPS.
6 multi-day trades + 993 BPS.
Total trades net + 1184 BPS.

Return on account for the week + 1.16 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 7 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week on the equity markets.

Miners were fairly strong with AAL, BHP and RIO all making new 52 week highs. The FTSE was range bound around the 7400 level.

On Thursday I made a poorly timed trade entry on GLEN, after news of a fatal mine accident broke. GLEN fell more than 8% intraday.
I got out just above B/E, but should have been more patient before buying.

Once again short of my 2.5% weekly benchmark.

For June, I completed 58 trades, for a net return of 5.23 %, which was a couple of percentage points better than May.

We are having something of a heatwave here at the mo, with temps up around 35 degrees C, so not ideal conditions for trading, I have to periodically shove my head under the cold shower to cool off.


Looking forward to better trading opportunities next month.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 21st June 2019

13 Trades:

1 AAL + 137 BPS.
1 BHP + 187 BPS.
1 BP - 559 BPS.
1 FRES + 297 BPS.
9 UK100 + 142 BPS.

11 long trades + 217 BPS.
2 short trades - 13 BPS.
5 intra-day trades + 47 BPS.
8 multi-day trades + 157 BPS.
Total trades net + 204 BPS.

Return on account for the week + 1.18 % net.
P:L ratio 7.1:1.
Days traded: 5.
Longest trade duration: 70 days.
Shortest trade duration:  6 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another quiet week. 
Equity markets were range - bound for most of the week, miners were strong, then on Wednesday RIO warned on its iron ore production, and the sector sold off sharply (over 540 points on the FTSE mining index, NMX1770).

Crude oil was strong following more news from the gulf, the US claiming that a drone was shot down by Iran. Gold also broke above $ 1400 on Friday morning for the first time in a few years.

A poorly timed trade exit on BP spoiled what could have been a decent week.
Once again short of my 2.5% weekly benchmark.


Looking forward to better trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 14th June 2019

11 Trades:

1 BHP + 40 BPS.
1 FRES + 7 BPS.
1 STAN + 286 BPS.
1 MTRO + 56 BPS.
7 UK100 + 168 BPS.

9 long trades + 494 BPS.
2 short trades + 63 BPS.
6 intra-day trades + 84 BPS.
5 multi-day trades + 473 BPS.
Total trades net + 557 BPS.

Return on account for the week + 1.04 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 33 days.
Shortest trade duration:  13 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week. 
Equity markets were stronger early in the week, but sold off on Friday. 

Crude oil was volatile following news from the gulf about a tanker attacked.
Miners were firmer with RIO setting 52 week highs, BHP and AAL were also bullish.

Once again short of my 2.5% weekly benchmark.


Looking forward to better trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th June 2019

13 Trades:

1 GLEN + 364 BPS.
12 UK100 + 287 BPS.

5 long trades + 63 BPS.
8 short trades + 589 BPS.
7 intra-day trades + 71 BPS.
6 multi-day trades + 581 BPS.
Total trades net + 652 BPS.

Return on account for the week + 1.77 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 70 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another quiet week. 
Equity markets sold off on Monday before rallying strongly into and Friday. 
The FTSE rebounded over 3.7% from the lows of Monday.

Crude oil stared the weak lower but rallied too.

Again short of my 2.5% weekly benchmark.


Looking forward to better trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.