Trading Summary Week Ended 25th December 2020

 4 Trades:

1 MTRO + 90 BPS.

3 UK100 + 59 BPS.

3 long trades  + 59 BPS.
1 short trades + 90 BPS..
4 intra-day trades + 149 BPS.
0 multi-day trades.

Total trades net  + 149 BPS.

Return on account for the week + 0.07 % net.

P:L ratio N/A.
Days traded: 2.
Longest trade duration: 10 min.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A short week's trading due to the Christmas holidays. 

We finally saw a deal reached on BREXIT, they left if right to the line.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 18th December 2020

3 Trades:

3 UK100 + 51 BPS.

3 long trades  + 51 BPS.
0 short trades.
3 intra-day trades + 51 BPS.
0 multi-day trades.

Total trades net  + 51 BPS.

Return on account for the week + 0.06 % net.

P:L ratio N/A.
Days traded: 4.
Longest trade duration: 12 min.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quiet week's trading. 

Equity markets in the US made new all time highs, with the SPX closing above 3700 again. The FTSE is still well below the highs of summer 2019.

Next week is a shortened one due to the Christmas holidays.

 

And we still have the BREXIT negotiations ongoing, it's unbelievable that this has taken four and a half years...

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 11th December 2020

 

7 Trades:

7 UK100 + 322 BPS.

6 long trades  + 321 BPS.
1 short trades  + 1 BPS.
5 intra-day trades + 13 BPS.
2 multi-day trades + 309 BPS.

Total trades net  + 322 BPS.

Return on account for the week + 0.38 % net.

P:L ratio N/A.
Days traded: 4.
Longest trade duration: 11 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week's trading. 

Equity markets made new post COVID 19 highs, the FTSE hitting 6640, before falling back on Friday.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 4th December 2020

7 Trades:

2 AAL - 9,676 BPS.

2 BP - 972 BPS.

3 UK100 + 6 BPS.

5 long trades  - 1,784 BPS.
3 short trades  - 8,858 BPS.
3 intra-day trades + 6 BPS.
3 multi-day trades - 10,648 BPS.

Total trades net  - 10,642 BPS.

Return on account for the week - 2.16 % net.

P:L ratio 0.11:1.
Days traded: 5.
Longest trade duration: 252 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another poor week. 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 27th November 2020

 

9 Trades:

2 BP - 1,956 BPS.

7 UK100 + 60 BPS.

6 long trades  - 2,293 BPS.
3 short trades  + 397 BPS.
6 intra-day trades + 17 BPS.
3 multi-day trades - 1,913 BPS.

Total trades net  - 1,896 BPS.

Return on account for the week - 0.05 % net.

P:L ratio 0.61:1.
Days traded: 4.
Longest trade duration: 245 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another poor week. 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 20th of November 2020

 

7 Trades:

7 UK100 - 2,796 BPS.

6 long trades  - 1,530 BPS.
1 short trades  - 1,266 BPS.
5 intra-day trades + 20 BPS.
2 multi-day trades - 2,816 BPS.

Total trades net  - 2,796 BPS.

Return on account for the week - 6.23 % net.

P:L ratio 0.003:1.
Days traded: 2.
Longest trade duration: 502 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another poor week. 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 13th of November 2020

 

9 Trades:

1 BP + 2,460 BPS.

2 MTRO - 7,158 BPS.

6 UK100 - 4,018 BPS.

4 long trades  - 11,055 BPS.
10 short trades  + 2,339 BPS.
2 intra-day trades + 144 BPS.
4 multi-day trades - 8,660 BPS.

Total trades net  - 8,716 BPS.

Return on account for the week - 6.20 % net.

P:L ratio 0.05:1.
Days traded: 2.
Longest trade duration: 807 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A poor week. The market rallied strongly after Pfizer announced very good results for its COVID 19 vaccine.

The FTSE gained 406 points, or just over 6% over the week.

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 6th November 2020

 

14 Trades:

1 AAL + 36 BPS.

13 UK100 - 660 BPS.

4 long trades  - 344 BPS.
10 short trades  - 280 BPS.
10 intra-day trades + 92 BPS.
4 multi-day trades - 716 BPS.

Total trades net  - 624 BPS.

Return on account for the week - 0.59 % net.

P:L ratio 0.13:1.
Days traded: 5.
Longest trade duration: 175 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tough week on the equity markets. The US election is still undecided, but the markets reacted very positively.

Equities rallied, the FTSE gained 333 points, or just under 6% over the week.

Well south of  my 2.5 % bench mark.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 30th October 2020

    

19 Trades:

19 UK100 + 383 BPS.

6 long trades  - 396 BPS.
13 short trades  + 779 BPS.
13 intra-day trades + 38 BPS.
6 multi-day trades + 345 BPS.

Total trades net  + 383 BPS.

Return on account for the week + 0.35 % net.

P:L ratio 1.94:1.
Days traded: 5.
Longest trade duration: 55 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tough week on the equity markets. 

Equities were weaker, the FTSE broke below 5600, commodity stocks sold off.

Over the week, the FTSE lost 288 points or nearly 5 %.

Next week we have the US election of course, which is bound to produce some volatility.

Still short of  my 2.5 % bench mark.

 

For the month of October, I made 86 trades for a net return of 0.42 %. A difficult month.

The FTSE lost over 5% in the same period.

Hopefully better trading into November.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 23rd of October 2020

   

16 Trades:

16 UK100 - 521 BPS.

7 long trades  - 517 BPS.
9 short trades  - 4 BPS.
12 intra-day trades + 42 BPS.
4 multi-day trades - 563 BPS.

Total trades net  - 521 BPS.

Return on account for the week - 0.49 % net.
P:L ratio 0.35:1.
Days traded: 5.
Longest trade duration: 160 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week. 

Equity markets were weaker, the FTSE broke below 5800 again, losing 59 points or 1 % over the week.

Well below my 2.5 % bench mark.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 16th of October 2020

  

29 Trades:

29 UK100 + 426 BPS.

18 long trades  - 191 BPS.
11 short trades  + 617 BPS.
22 intra-day trades + 63 BPS.
7 multi-day trades + 363 BPS.

Total trades net  + 426 BPS.

Return on account for the week + 0.39 % net.
P:L ratio 2.52:1.
Days traded: 5.
Longest trade duration: 72 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week on the equity markets. 

Equity markets were weaker, the FTSE broke below 5800 on Thursday, before regaining 5900 by the end of the week

Well below my 2.5 % bench mark.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 9th October 2020

 

13 Trades:

1 BP + 32 BPS.

12 UK100 + 52 BPS.

8 long trades  + 41 BPS.
5 short trades  + 43 BPS.
13 intra-day trades + 84 BPS.
No multi-day trades.
Total trades net  + 84 BPS.

Return on account for the week + 0.05 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 171 min.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another tricky week on the equity markets. 

Equity markets were stronger, with the FTSE breaking above 6000 towards the end of the week.

Oil & gas stocks found some buyers, as did the mining stocks.

Well below my 2.5 % bench mark.

 

Hopefully better trading next week.

Looking at what is happening in the wider world of economics, I thought this video by George Gammon was very interesting...

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 2nd of October 2020

 

13 Trades:

1 AAL + 10 BPS.

12 UK100 + 171 BPS.

5 long trades  + 40 BPS.
8 short trades  + 141 BPS.
12 intra-day trades + 82 BPS.
1 multi-day trades + 99 BPS.
Total trades net  + 181 BPS.

Return on account for the week + 0.16 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 30 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tricky week on the equity markets. 

Equity markets were pretty weak, with the FTSE making a low of 5809 on Friday.

Over the week the index actually gained 59 points or 1.02 %.

Oil & gas stocks were weak yet again, with BP making new 52 week lows.

I made a few very poor trade exits. Well below my 2.5 % bench mark.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 25th September 2020

 

13 Trades:

1 FRES + 6 BPS.

12 UK100 + 501 BPS.

6 long trades  + 43 BPS.
7 short trades  + 464 BPS.
9 intra-day trades + 46 BPS.
4 multi-day trades + 461 BPS.
Total trades net  + 507 BPS.

Return on account for the week + 0.46 % net.
P:L ratio 149:1.
Days traded: 5.
Longest trade duration: 125 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A slightly better week on the equity markets. 

Equity markets were pretty weak, with the FTSE making a low of 5771.49 on Friday.

Over the week the index lost 164 points or 2.74 %.

Elsewhere, the Tour de France finished in spectacular fashion, with Pogacar storming to the lead in the final day's time trial, and in the process taking the yellow jersey.

One of the most amazing stages I have ever witnessed.

I did feel for Roglic, seeing the prize slip away on the last day's racing like that. Cycling can be a cruel sport.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 18th September 2020

 

6 Trades:

3 FRES - 8,764 BPS.

3 UK100 + 11 BPS.

5 long trades  + 4765 BPS.
6 short trades  - 13518 BPS.
4 intra-day trades + 36 BPS.
2 multi-day trades - 8789 BPS.
Total trades net  - 8753 BPS.

Return on account for the week - 0.81 % net.
P:L ratio N/A.
Days traded: 3.
Longest trade duration: 427 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quieter week. 

Over the week the index lost 25 points or 0.42 %.

 

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 11th September 2020

  

8 Trades:

8 UK100 + 187 BPS.

2 long trades  + 14 BPS.
6 short trades  + 173 BPS.
6 intra-day trades + 85 BPS.
2 multi-day trades + 102 BPS.
Total trades net  + 187 BPS.

Return on account for the week + 0.17 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 34 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quieter week. 

Equity markets rallied after a weak start on Monday.

Over the week the index gained 233 points or just over 4 %.

Few trades, a really lacklustre five days.

Friday was the nineteenth anniversary of the September 2001 attacks, hard to believe that it's been nearly two decades since that awful day. I remember it well. 

Elsewhere, the Tour de France is proving very interesting, with Team Jumbo Visma domination the yellow jersey competition, as Team Ineos struggles in the mountains. It looks like Primoz Roglic is going to be very hard to beat, whilst Peter Sagan lost his points jersey and is finding it very difficult to get it back.  

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 4th September 2020

 

17 Trades:

2 FRES + 1,121 BPS.

15 UK100 + 551 BPS.

5 long trades  + 1,007 BPS.
10 short trades  + 665 BPS.
10 intra-day trades + 146 BPS.
7 multi-day trades + 1,526 BPS.
Total trades net  + 1,672 BPS.

Return on account for the week + 0.76 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 79 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week due to the late summer bank holiday.

Equity markets sold off on Thursday, with the FTSE breaking below 5800 on Friday morning, before rallying to 5900, then falling back as the US markets sold off. 

Over the week the index lost 2.76 %. 

Perhaps the market wants to retest the recent lows.

Volatile trading conditions, made some poor entries & exits.

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 28th August 2020

  

12 Trades:

12 UK100 + 243 BPS.

9 long trades  + 154 BPS.
3 short trades  + 89 BPS.
9 intra-day trades + 43 BPS.
3 multi-day trades + 200 BPS.
Total trades net  + 243 BPS.

Return on account for the week + 0.23 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 25 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week.

And this weekend we have the Tour De France, so looking forward to some great cycling action over the next three weeks.

For the month of August, I made a net loss of  4.76 %.

Hopefully better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 21st August 2020

 

15 Trades:

15 UK100 - 4,224 BPS.

10 long trades - 2,026 BPS.
5 short trades  -  2,198 BPS.
9 intra-day trades + 30 BPS.
6 multi-day trades - 4,254 BPS.
Total trades net  + -4,224 BPS.

Return on account for the week - 3.93 % net.
P:L ratio 0.2:1.
Days traded: 5.
Longest trade duration: 740 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very difficult week on the equity markets.

I closed some poor trades,  looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 14th august 2020

  

14 Trades:

1 FRES + 4 BPS.
2 STAN - 2,055 BPS.

6 UK100 - 1,038 BPS.

6 long trades - 4,399 BPS.
3 short trades  + 1,310 BPS.
1 intra-day trades + 4 BPS.
7 multi-day trades - 3,093 BPS.
Total trades net  + -3,089 BPS.

Return on account for the week - 1.26 % net.
P:L ratio 0.19:1.
Days traded: 5.
Longest trade duration: 654 days.
Shortest trade duration:  68 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very difficult week on the equity markets.

Equities sold off early in the week, with the FTSE briefly breaking below 5,860, before rallying strongly above 6,100.

For the week, the FTSE gained 134 points, or 2.28 %. The index is still below the 50 DMA and the 200 DMA, unlike the SPX, which is making post COVID 19 highs. 

BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.

Precious metals were strong again, with gold breaking the $ 2,000 level for the first time, and silver trading above $ 28. Silver has more than doubled since the March lows.

I made some poor trades, well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th August 2020

 

14 Trades:

2 BP + 37 BPS.
12 UK100 + 165 BPS.

3 long trades - 168 BPS.
11 short trades  + 370 BPS.
7 intra-day trades + 134 BPS.
7 multi-day trades + 68 BPS.
Total trades net  + 202 BPS.

Return on account for the week + 0.15 % net.
P:L ratio 1.54:1.
Days traded: 5.
Longest trade duration: 40 days.
Shortest trade duration:  8 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

Equities sold off early in the week, with the FTSE briefly breaking below 5,860, before rallying strongly above 6,100.

For the week, the FTSE gained 134 points, or 2.28 %. The index is still below the 50 DMA and the 200 DMA, unlike the SPX, which is making post COVID 19 highs. 

BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.

Precious metals were strong again, with gold breaking the $ 2,000 level for the first time, and silver trading above $ 28. Silver has more than doubled since the March lows.

I made some poor trades, well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 31st July 2020

14 Trades:

2 FRES + 1,223 BPS.
12 UK100 + 1,550 BPS.

5 long trades + 851 BPS.
9 short trades  + 1,922 BPS.
7 intra-day trades + 252 BPS.
3 multi-day trades + 2,521 BPS.
Total trades net  + 2,773 BPS.

Return on account for the week + 1.82 % net.
P:L ratio 6.14:1.
Days traded: 4.
Longest trade duration: 338 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Equities sold off on Thursday, with the FTSE breaking below the important 6000 level, commodity stocks and the banks were very weak. Then on Friday the index broke the previous day's low, closing at 5897.76.
For the week, the FTSE lost 226 points, or 3.69 %.

I made some poor trade exits, well below my 2.5% benchmark.

For the month of July, I made 58 trades and a net return of 1.10 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th July 2020

12 Trades:

1 FRES + 530 BPS.
11 UK100 + 117 BPS.

10 long trades + 588 BPS.
2 short trades  + 59 BPS.
9 intra-day trades + 53 BPS.
3 multi-day trades + 594 BPS.
Total trades net  + 647 BPS.

Return on account for the week + 0.19 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 18 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

Equities sold off on Thursday and Friday, whilst precious metals rallied, gold neared the $ 1900 level, whist silver traded above $ 23. The Gold/silver ratio has fallen from the 120 level we saw in March, back to the low 80s.
The strength of precious metals saw FRES making new 52 week highs this week.
For the week, the FTSE lost 166 points, or 2.65 %.

A poor week's trading for me.
Well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th July 2020

10 Trades:

1 BP + 599 BPS.
2 FRES + 1,221 BPS.
7 UK100 + 270 BPS.

9 long trades + 1,491 BPS.
1 short trades  + 599 BPS.
6 intra-day trades + 62 BPS.
6 multi-day trades + 2,028 BPS.
Total trades net  + 2,090 BPS.

Return on account for the week + 0.45 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 363 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

The FTSE rallied 195 points or 3.2 % over the week, commodity stocks were strong with RIO and FRES making new 52 week highs. Gold and silver also saw more strength.

Not a very good week for me, I closed a long way too soon, and also missed some good long opportunities. Well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 10th July 2020

12 Trades:

3 BHP - 7,313 BPS.
9 UK100 - 210 BPS.

3 long trades - 1,947 BPS.
9 short trades  - 5,576 BPS.
6 intra-day trades + 24 BPS.
6 multi-day trades - 7,547 BPS.
Total trades net  - 7,523 BPS.

Return on account for the week - 1.68 % net.
P:L ratio 0.08:1.
Days traded: 5.
Longest trade duration: 588 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

We saw a sell-off on Thursday, before a rally on Friday. Oil stocks were hit.
Over the week, the FTSE lost 62 points, or 1.01 %.

Not a very good week for me, well below my 2.5% benchmark.

During June, I made 151 trades and a net return of 0.82 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd July 2020

12 Trades:

12 UK100 + 372 BPS.

12 long trades + 372 BPS.
No short trades.
10 intra-day trades + 185 BPS.
12 multi-day trade + 187 BPS.
Total trades net + 372 BPS.

Return on account for the week + 0.34 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

Over the week, the FTSE lost just 2 points, or 0.03 %.

Not a very good week for me, well below my 2.5% benchmark.

During June, I made 151 trades and a net return of 0.82 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 26th June 2020

25 Trades:

3 FRES - 14,002 BPS.
1 GLEN + 127 BPS.
21 UK100 - 952 BPS.

9 long trades - 1,746 BPS.
16 short trades - 13,081 BPS.
13 intra-day trades + 64 BPS.
12 multi-day trade - 14,891 BPS.
Total trades net - 14,827 BPS.

Return on account for the week - 2.23 % net.
P:L ratio 0.22:1.
Days traded: 5.
Longest trade duration: 512 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week on the equity markets.

The FTSE fell sharply midweek, dropping over 3% on Wednesday, then dropping further on Thursday, to test the 6030 zone, before rallying back above 6200 on Friday.

Over the week, the FTSE lost 133 points, or 2.12 %.

Not a great week for me, booked some losses on a couple of very poor positions on FRES.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 19th June 2020

41 Trades:

1 GLEN + 494 BPS.
40 UK100 - 1,254 BPS.

15 long trades - 1,730 BPS.
26 short trades + 970 BPS.
34 intra-day trades + 258 BPS.
7 multi-day trade - 1,018 BPS.
Total trades net - 760 BPS.

Return on account for the week - 1.36 % net.
P:L ratio 0.4:1.
Days traded: 5.
Longest trade duration: 136 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.
The week started in a fairly bearish mode, with the FTSE breaking below 6,000 on Monday morning, before rallying above 6,300 on Wednesday, then making highs post expiry on Friday.

Over the week, the FTSE gained 187 points, or 3.07 %.

Here is a daily chart of the FTSE, showing the rebound off the March lows:

So we are still below the 0.618 retracement on this chart.

Not a great week for me.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 12th June 2020

50 Trades:

2 GLEN - 2,028 BPS.
1 MTRO + 4,969 BPS.
47 UK100 + 1,907 BPS.

16 long trades - 110 BPS.
34 short trades + 4,958 BPS.
39 intra-day trades + 391 BPS.
11 multi-day trade + 4,457 BPS.
Total trades net + 4,848 BPS.

Return on account for the week + 1.74 % net.
P:L ratio 6.1:1.
Days traded: 5.
Longest trade duration: 586 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets again, with the FTSE making another post COVID19 high of 6511.84 on Monday.
Markets sold off sharply on Thursday, following the US indices, the FTSE briefly breaking below 6000 on Friday morning, before staging a bounce.

Commodity stocks were volatile - RD Shell fell over 16.5 % from the high on Monday to Friday's low, BP over 17 %.

Over the week, the FTSE lost 379 points, or 5.85 %.

Trading conditions were difficult, and I made a few very poor exits (this week on shorts).
68 % of trades were on the short side this week.

Below my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 5th June 2020

31 Trades:

1 AAL + 13 BPS.
1 BP + 2,770 BPS.
2 FRES - 4,465 BPS.

2 GLEN + 39 BPS.
25 UK100 + 2,842 BPS.

11 long trades + 448 BPS.
20 short trades + 751 BPS.
21 intra-day trades + 56 BPS.
10 multi-day trade + 1,143 BPS.
Total trades net + 1,199 BPS.

Return on account for the week + 2.77 % net.
P:L ratio 6.5:1.
Days traded: 5.
Longest trade duration: 493 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets, with the FTSE making four consecutive post COVID19 highs on Tuesday, Wednesday, Thursday and Friday.
The ECB surprised the market on Thursday, with a larger than expected financial stimulus, again boosting equity markets.

This is the FTSE 100 chart over the week, gaining over 400 points or 6.71%:

The Dax was even stronger.

Commodity stocks were strong after early weakness, maybe people think economies are over the worst of the crisis.

On Friday we had US payrolls, and a bumper number sent the equity indices higher.

A frustrating week, I made some very poor trade exists (longs), just above my 2.5% weekly benchmark.


Apparently the LSE is considering reducing trading hours, which would be a great idea in my opinion - I see no reason why the London market has to trade for eight and a half hours, when the US gets by trading just six and a half.

Back in August 2019, a technical problem caused the LSE open to be delayed until 09:40, and as far as I can tell, this made little or no difference. Most of the action takes place in three periods - the first hour, the period around the Wall Street opening, and the last 30 minutes. 

In my opinion (which counts for nowt I realise), 09:00 to 16:00 London time would be good.

Looking forward to more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 29th May 2020

32 Trades:

4 BP + 263 BPS.
2 GLEN + 3,189 BPS.

26 UK100 + 208 BPS.

18 long trades + 165 BPS.
14 short trades + 3,495 BPS.
28 intra-day trades + 359 BPS.
4 multi-day trade + 3,301 BPS.
Total trades net + 3,660 BPS.

Return on account for the week + 0.49 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 273 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week on the equity markets, after the bank holiday.

Equity markets saw more strength, and the FTSE broke above 6200 on Thursday, making a post COVID19 high at 6234.
The mining sector was strong, with AAL, BHP, GLEN and RIO all making 30 day highs.

Over the week, the FTSE gained 83.32 points or 1.39 %.
Over the month of May, it gained 2.97 %.

A difficult week, well below my 2.5% weekly benchmark.

For the the month of May, I made 116 trades and a net profit of 7.25 %.

Looking forward to more opportunities next month.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 22nd May 2020

23 Trades:

1 BP + 19 BPS.
1 FRES + 522 BPS.
3 GLEN + 253 BPS.

18 UK100 + 1,723 BPS.

7 long trades - 1434 BPS.
16 short trades + 3,951 BPS.
13 intra-day trades + 191 BPS.
10 multi-day trade + 2,326 BPS.
Total trades net + 2,517 BPS.

Return on account for the week + 0.90 % net.
P:L ratio 1.2:1.
Days traded: 5.
Longest trade duration: 504 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week on the equity markets.

Again we saw strength in equities early in the week, the FTSE gained more than 400 BPS on Monday, and broke above 6,100 on Tuesday.
There was a sharp sell off early on Friday, influenced by political events in Hong Kong, when the index briefly traded below 5,900.
Mining and oil and gas shares were volatile again.
Over the week, the FTSE gained 194 points or 3.34%.

Some missed opportunities, poor entries and exits, and well below my 2.5% weekly benchmark.

I'm still not sure the lows are in for equity markets for 2020.

Monday is a bank holiday in the UK, so markets are closed.
Looking forward to getting out and about in the sunshine over this long weekend.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 15th May 2020

36 Trades:

1 AAL + 214 BPS.
1 BP + 26 BPS.

3 GLEN + 4,105 BPS.
31 UK100 + 2,192 BPS.

9 long trades + 126 BPS.
27 short trades + 6,411 BPS.
24 intra-day trades + 318 BPS.
12 multi-day trade + 6,219 BPS.
Total trades net + 6,537 BPS.

Return on account for the week + 2.53 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 495 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the equity markets.

The FTSE started the week fairly in a fairly bullish mode, trading as high as 6012 on Tuesday, but then sold off sharply into Thursday, breaking down to 5661, before a bounce on Friday (which was expiry). Over the week the index lost 136 points, or 2.29%.

The mining sector was very volatile, this is a seven day chart of the FTSE mining index, showing Thursday's sell off and Friday's rebound:

A challenging trading environment for sure.

A busy week, just met my 2.5% weekly benchmark, I made a few very poor trade exits, mostly on the short side, which accounted for 75% of trades made.

I'm not at all sure the lows are in for equity markets for 2020.
Unemployment claims in the US were pretty dreadful, and I don't think our economies are going to recover very quickly even when the lock downs are over.

Our lock down here was eased this week, a very welcome development. Travel is now limited to 100 km, but the border with Italy remains closed for now.

Looking forward to getting out and about this weekend, and to more trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 8th May 2020

15 Trades:

4 BP + 288 BPS.
2 GLEN + 3,501 BPS.
1 STAN + 334 BPS.
8 UK100 + 79 BPS.

4 long trades + 58 BPS.
11 short trades + 4,144 BPS.
13 intra-day trades + 434 BPS.
2 multi-day trade + 3,768 BPS.
Total trades net + 4,202 BPS.

Return on account for the week + 0.41 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 147 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 bank holiday to commemorate VE - Day.

A quieter week for me, markets were less volatile than they have been recently. The FTSE traded in a range from around 5700 to 5940...

Few trades and well below my 2.5% weekly benchmark.


Over the VE - Day holiday weekend in 1995, exactly twenty-five years ago, I was sailing my small boat, 'Sophie Too' from Lymington in Hampshire down to Poole Harbour, via a night's stay tied up to the key in Christchurch. Great fun, and the weather was perfect. I still recall the strength of the ebb tidal race as we shot out of Christchurch harbour the next morning, it can exceed six knots in the 'run' according to the almanac...
The beer(s) in the pub in Christchurch tasted pretty good too. Gales I think it was.
Happy memories. Seems like yesterday.

Poole Harbour:

Lots of info on Christchurch here: https://eoceanic.com/sailing/harbours/485/

Our lock down here is due to be eased on Monday, which I'm looking forward to. Will be able to travel up and down the coast a bit.

Looking forward to more trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 1st May 2020

47 Trades:

2 AAL + 295 BPS.
2 BP + 258 BPS.
2 GLEN + 525 BPS.
2 RDSB + 50 BPS.
1 STAN + 279 BPS.
38 UK100 + 6,426 BPS.

23 long trades + 368 BPS.
24 short trades + 7,465 BPS.
31 intra-day trades + 1,087 BPS.
16 multi-day trade + 6,746 BPS.
Total trades net + 7,833 BPS.

Return on account for the week + 8.38 % net.
P:L ratio 9.04:1.
Days traded: 5.
Longest trade duration: 488 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week, the FTSE made a new post COVID19 crash high on Thursday over 6150,  markets seemed to be putting the virus situation behind them. The banks had a powerful rally.

Then we had a sharp sell off down below 5800 on Thursday and Friday.

RD Shell got hammered after they cut the dividend for the first time in decades, which didn't help the overall market, given the weight of BP and Shell in the FTSE.

A fairly busy week, above my 2.5% weekly benchmark.

I'm not sure if the equity markets will want to re-test the recent lows, we shall see.

April was an active month trading, I made 158 trades and a net return of just over 14%.

Looking forward to more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th April 2020

28 Trades:

3 AAL + 459 BPS.
1 BP + 461 BPS.
3 GLEN + 3,667 BPS.
1 RDSB + 4 BPS.
1 US CRUDE + 222 BPS.
19 UK100 + 315 BPS.

8 long trades + 404 BPS.
20 short trades + 4,724 BPS.
21 intra-day trades + 1010 BPS.
7 multi-day trade + 4,118 BPS.
Total trades net + 5,128 BPS.

Return on account for the week + 1.01 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 587 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Back to five day weeks after the Easter holiday.

Markets were active again, especially the crude oil market, where futures prices went negative for a while on Monday. This is the 15m chart of WTI:

I suspect this move may have blown up a few hedge funds. We shall hear about any in due course.

The FTSE was weak on Tuesday, dropping to 5,641, then broke above 5,800 on Thursday, exceeding the high from last Friday by a few points, before declining on Friday morning.

Made a few poor trade exits, especially on a long trade on RDSB, which I should have held for much longer. Well below my 2.5% weekly benchmark.

Looking forward to more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th April 2020

39 Trades:

2 AAL + 126 BPS.
3 BP + 1,097 BPS.
1 GLEN + 3,523 BPS.
1 FRES + 800 BPS.
32 UK100 + 2,832 BPS.

11 long trades + 960 BPS.
28 short trades + 7,418 BPS.
29 intra-day trades + 497 BPS.
10 multi-day trade + 7,881 BPS.
Total trades net + 8,378 BPS.

Return on account for the week + 3.81 % net.
P:L ratio 33.5:1.
Days traded: 4.
Longest trade duration: 475 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 Easter holiday.
Difficult trading conditions yet again, and there were some big moves on stocks and indices.

Despite some poor exits, still above my 2.5% benchmark, (stock positions were all pretty small).

Overnight on Thursday/Friday we saw a sharp rally on the US futures on hopes of a treatment for the corona virus. This pushed the FTSE back above 5800 for a while, despite some pretty awful GDP data from China.
Since last Friday, the index lost 55.7 points, or 0.95%.

Crude oil was weak again, with WTI crude breaking below $19. It was over $50 in February of this year, a huge decline.

Away from the markets, our lock down has been extended until May the 11th. It's getting very tedious, especially at the weekend when I'm not trading. And I still think it's a misguided policy. But nobody asks me about these things.

Expecting more volatility and trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 10th April 2020

36 Trades:

1 BP + 323 BPS.
2 GLEN + 3,855 BPS.
33 UK100 + 2,005 BPS.

14 long trades + 730 BPS.
20 short trades + 5,453 BPS.
29 intra-day trades + 736 BPS.
5 multi-day trade + 5,447 BPS.
Total trades net + 6,183 BPS.

Return on account for the week + 2.70 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 469 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A four day week due to the Easter holiday.

Equity markets were calmer, after the extreme volatility we have seen recently.
The FTSE rallied above 5800 on Thursday, breaking the high it made on March the 26th.
Over the week, the index rallied 427 points or 7.89%.

Made a few poor trade exits, especially on a couple of long positions on the FTSE on Wednesday, which I should have given more room.
Just above my 2.5% benchmark, (the positions on GLEN and BP were pretty small).

On the subject of the Corona virus, I do think that we are wrecking whole economies on the basis of incomplete data. We simply do not know how deadly this virus is.

This is a good interview on this:




So now we have a four day weekend, but I won't be going very far from home. Not a great prospect really.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd April 2020

31 Trades:

2 AAL + 311 BPS.
2 BP + 224 BPS.
1 GLEN + 4,351 BPS.
2 RDSB + 23 BPS.
1 STAN + 2,027 BPS.
23 UK100 + 283 BPS.

14 long trades + 397 BPS.
17 short trades + 6,822 BPS.
27 intra-day trades + 484 BPS.
6 multi-day trade + 6,735 BPS.
Total trades net + 7,219 BPS.

Return on account for the week + 1.02 % net.
P:L ratio 35.6:1.
Days traded: 5.
Longest trade duration: 450 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Yet another active week on the global equity markets.

Markets again reacted to news on the Corona virus. On Thursday we saw a huge move on crude oil, after rumours of a deal between Russia and Saudi Arabia surfaced.

Brent crude moved over $10 in minutes:

Very tricky trading conditions, as the indices moved with every piece of news, I made a few very poor exits.
Well short of  my weekly 2.5% benchmark.
Over the week, the FTSE lost 95 points or 1.72 %.

For the month of March, I made 167 trades, for a net profit of 46 %.

Away from the markets, we are headed for the now the third weekend under the lock down where I live, not exactly ideal and hopefully the authorities will lift the restrictions of movement before too long. I get out for exercise (cycle or walk) and to walk the dog a couple of times a day, but that's about it at the moment.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 27th March 2020

38 Trades:

2 AAL + 2,890 BPS.
1 BHP + 55 BPS.
3 BP + 5,108 BPS.
3 FRES + 218 BPS.
1 GLEN + 205 BPS.
28 UK100 + 7,217 BPS.

8 long trades + 254 BPS.
30 short trades + 15,439 BPS.
32 intra-day trades + 1,056 BPS.
6 multi-day trade + 14,637 BPS.
Total trades net + 15,693 BPS.

Return on account for the week + 12.01 % net.
P:L ratio 828:1.
Days traded: 5.
Longest trade duration: 174 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week on the global equity markets.

Markets reacted to news on the Corona virus, with the FTSE breaking below 5000 on Monday, before rallying over 9% on Tuesday.
Looking back over the historical data, this was the second biggest percentage rise since the index was formed in 1984. Only 24 Nov 2008 was greater, at 9.84 %. Oddly enough, that's my birthday.
Over the week, the index was up 320 points, or 6.16 %.

Another active week, with over 30 trades completed.
A good week's trading for me, with the emphasis on the short side (79%).
Quite stressful though.
Well above my weekly 2.5% benchmark.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 20th March 2020

48 Trades:

5 AAL + 3,244 BPS.
3 BP + 1,446 BPS.
1 FRES + 981 BPS.
1 GLEN + 76 BPS.
2 RDSB + 139 BPS.
36 UK100 + 9,877 BPS.

3 long trades - 2,408 BPS.
45 short trades + 18,170 BPS.
32 intra-day trades + 2,007 BPS.
16 multi-day trade + 13,755 BPS.
Total trades net + 15,762 BPS.

Return on account for the week + 15.55 % net.
P:L ratio 4.36:1.
Days traded: 5.
Longest trade duration: 666 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very volatile week on the global equity markets.

Crude oil fell to the low twenties on Wednesday, dragging down the oil and gas stocks..
There were some huge moves in individual shares - RD Shell was down over 10% on Wednesday, before rebounding 10% on Thursday. A pretty remarkable move on the largest company on the FTSE. Unfortunately I only caught a fraction of the move, due to a poor entry and even poorer exit.

Here is the chart of US crude oil over the course of the week:

On the FTSE, the high was 5419.3 (Friday morning) after making a low of 4898.79 on Monday.
The index lost 175 points or 3.27% during the week.
Apart from Thursday, the intra-day range was over 500 BPS every day, pretty high when you consider that some days this number is under 40.

A busy week, with nearly 50 trades completed.
A good week's trading for me, with the emphasis on the short side (94%).
Well north of my weekly 2.5% benchmark.

Expecting more volatility and opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 13th March 2020

33 Trades:

1 AAL + 136 BPS.
2 BHP + 862 BPS.
2 BP + 6132 BPS.
1 FRES + 230 BPS.
1 MTRO + 1188 BPS.
26 UK100 + 4336 BPS.

1 long trade + 230 BPS.
31 short trades + 12,654 BPS.
23 intra-day trades + 2352 BPS.
10 multi-day trade + 10,532 BPS.
Total trades net + 12,884 BPS.

Return on account for the week + 8.53 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 544 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another action - packed week on the global equity markets.

On Sunday night / Monday morning we saw a huge fall on crude oil, after Saudi Arabia flooded the market. I cannot recall seeing a 30% move in one day before...

So the oil and commodity stocks got hammered, as did the US and European markets.

On Monday the FTSE broke below last week's low for the year, below 5900. The intra-day range was over 570 points (880 BPS), which is just huge.

The FTSE mining index lost over 1500 points, again an enormous move. At one point on Monday morning, BP was down over 27%... in a few minutes. Truly panic selling.

Monday's low was then broken late on Wednesday, and again on Thursday, we set another new low for the year, at 5237.48, before we saw a big rally on Friday, which was again sold into.

The chart of the FTSE shows the carnage:

Over the week the index was down just under 1100 points, or over 16%.

Another decent week's trading for me, 97% on the short side. All rallies were sold into again.
More than triple my weekly 2.5% benchmark.

Expecting more volatility next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 6th March 2020

35 Trades:

1 AAL + 84 BPS.
1 BP + 232 BPS.
34 UK100 + 1941 BPS.

1 long trade + 2 BPS.
34 short trades + 2255 BPS.
27 intra-day trades + 1013 BPS.
8 multi-day trade + 1244 BPS.
Total trades net + 2257 BPS.

Return on account for the week + 3.58 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 398 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another sell off week on the global equity markets.

Indices rallied on Wednesday afternoon, after the Fed announced a surprise 'emergency' rate cut, but this was quickly sold into.
The fact that the Fed is so worried is not a very bullish sign to me.

The ongoing Corona virus situation is really producing some selling pressure in the equity markets, odd that it took so long to register (in my opinion).

On Friday the FTSE broke last Friday's low for the year, below 6450.

The situation in Europe is getting more serious, and many sporting events have been cancelled, including this the Strada Bianche one day cycle race this weekend sadly. The Paris - Nice may also be cancelled I believe.

A decent week's trading for me, 97% shorts, all rallies were sold into, well above my weekly 2.5% benchmark.

Expecting more volatility next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 28th February 2020

38 Trades:

1 BHP - 199 BPS.
1 BP + 479 BPS.
1 GLEN + 403 BPS.

1 MTRO + 246 BPS.
34 UK100 + 2032 BPS.

1 long trade + 15 BPS.
37 short trades + 2946 BPS.
25 intra-day trades + 938 BPS.
13 multi-day trade + 2023 BPS.
Total trades net + 2961 BPS.

Return on account for the week + 3.96 % net.
P:L ratio 26:1.
Days traded: 5.
Longest trade duration: 458 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very volatile week on the equity markets.

Markets sold off sharply, after seemingly ignoring the Corona virus situation for weeks.

The FTSE made a new low for 2020 on Monday, and then broke below that on Tuesday, Wednesday, and lower again on Thursday and again on Friday when it broke 6500, taking the weeks losses to more than 900 points. Later on Friday it bounced to finish 823 points down for the week (11.12%), quite incredible really.

The Dow lost more than 3500 points.

Crude oil again was also very weak.

Unfortunately, I think the Corona virus will now spread worldwide, it's already in Europe with new outbreaks in Northern Italy, a worry as the Italian border is a mere 30 km from here.

A better week's trading for me, mostly on the FTSE, nearly all shorts, and above my weekly 2.5% benchmark. But it was an an exhausting week.

For the month of February, I made 67 trades for a net return of 4.22%. A very challenging month.

Looking forward to more trading opportunities in March.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 21st February 2020

12 Trades:

3 BP + 352 BPS.

9 UK100 + 55 BPS.

8 long trades + 53 BPS.
4 short trades + 354 BPS.
9 intra-day trades + 56 BPS.
2 multi-day trade + 351 BPS.
Total trades net + 407 BPS.

Return on account for the week + 0.18 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 64 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week on the equity markets.
Made a couple of very premature exits, especially after the FTSE tested the 7350 zone on Tuesday morning, it then rallied to 7462.
Crude oil found a bid after the recent weakness.

Well below  my weekly 2.5% benchmark.

Looking forward better trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 14th February 2020

10 Trades:

1 AAL + 15 BPS.
1 BP + 54 BPS.

1 GLEN + 13 BPS.
7 UK100 + 143 BPS.

7 long trades + 194 BPS.
3 short trades + 31 BPS.
8 intra-day trades + 104 BPS.
2 multi-day trade + 121 BPS.
Total trades net + 225 BPS.

Return on account for the week + 0.32 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 86 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Quite a volatile week on the equity markets, we saw a sharp sell off overnight Wednesday / Thursday after China revised higher the number of confirmed Corona virus cases.

The FTSE fell to 7403.69 on Friday afternoon, which is almost the 50% retracement level of the recent rally from 7275 to 7533, as shown below:

At the close on Friday, the FTSE was down 58 points, or 0.77% over the week, although around 18 points of that were due to stocks going ex-dividend.

The two largest FTSE oil & gas producers, BP and RD Shell were weak , both going ex-dividend on Thursday, weighing on the index. RD Shell made a new 52 week low on Friday, falling nearly 3% over the course of the week..

Well below  my weekly 2.5% benchmark.

Looking forward better trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th February 2020

7 Trades:

1 BP + 338 BPS.

1 GLEN + 28 BPS.
5 UK100 - 120 BPS.

4 long trades + 73 BPS.
3 short trades - 140 BPS.
5 intraday trades + 83 BPS.
2 multi-day trade - 150 BPS.
Total trades net - 67 BPS.

Return on account for the week - 0.24 % net.
P:L ratio 0.4:1.
Days traded: 5.
Longest trade duration: 4 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a great start to February. Another difficult week, the equity markets were weak on Monday, before rallying into Thursday. The FTSE finished up 2.48% over the course of the week.

Well below  my weekly 2.5% benchmark.

Looking forward better trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.