Trading Summary Week Ended 31st January 2020

10 Trades:

1 BP + 338 BPS.

9 UK100 + 94 BPS.

7 long trades + 63 BPS.
3 short trades + 369 BPS.
6 intraday trades + 67 BPS.
4 multi-day trade + 365 BPS.
Total trades net + 432 BPS.

Return on account for the week + 0.25 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 92 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A really difficult week, the equity markets fell on the news of the worsening situation in China re the corona virus.

Commodity stocks were badly hit, and the FTSE lost 300 points, or just short of 4% on the week. The FTSE mining index lost over 1100 points or 6% this week.  RD Shell lost over 9%.

Well below  my weekly 2.5% benchmark.

For the month of January I made 39 trades and saw a net return of just 0.86%... a very challenging month. The FTSE fell 3.40% during the month.

Looking forward better trading opportunities next month.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th January 2020

7 Trades:

1 AAL + 289 BPS.

6 UK100 - 292 BPS.

4 long trades + 547 BPS.
3 short trades - 550 BPS.
3 intraday trades + 16 BPS.
6 multi-day trade - 19 BPS.
Total trades net - 3 BPS.

Return on account for the week - 0.47 % net.
P:L ratio 0.61:1.
Days traded: 5.
Longest trade duration: 47 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Not a good week. The equity market rally faltered this week, as Fears over the virus hitting China seemed to have spooked the equity markets on Thursday, with the commodity stocks taking a hit, before bouncing near to the recent high (7689) on Friday.

Again it's unwise to be short this market for very long.

Well below  my weekly 2.5% benchmark.

Looking forward better trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th January 2020

9 Trades:

1 FRES + 182 BPS.

8 UK100 + 194 BPS.

8 long trades + 714 BPS.
1 short trades - 338 BPS.
3 intraday trades + 25 BPS.
6 multi-day trade + 351 BPS.
Total trades net + 376 BPS.

Return on account for the week + 0.43 % net.
P:L ratio 1.59:1.
Days traded: 5.
Longest trade duration: 106 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

The equity market rally continued this week, with the US indices making new all time highs.
Miners were strong, and the FTSE hit 7689 on Friday after expiry.
The FTSE mining index gained over 600 points on last week's close.
All dips are still being bought.

Made a couple of very premature exits on the FTSE (longs naturally).

Short of  my weekly 2.5% benchmark.

Looking forward better trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 10th January 2020

8 Trades:

2 BHP + 42 BPS.

6 UK100 + 27 BPS.

8 long trades + 69 BPS.
0 short trades.
7 intraday trades + 47 BPS.
1 multi-day trade + 22 BPS.
Total trades net + 69 BPS.

Return on account for the week + 0.08 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration:  8 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

The first full trading week of the new year. Not a great start for me.

On the equity markets, FTSE was range - bound for most of the week, trading down to 7525 and as high as 7632.
The US markets continued their march ever higher, after selling off on Tuesday night (after Iran retaliated against the US over the killing of a senior military officer), before quickly resuming the rally. On Friday both the SPX 500 and the Dow made new all time highs. All dips are still being bought.

Below my weekly 2.5% benchmark.

Looking forward better trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd January 2020

9 Trades:

1 FRES + 40 BPS.

8 UK100 + 281 BPS.

9 long trades + 321 BPS.
0 short trades.
8 intraday trades + 86 BPS.
1 multi-day trades 235 BPS.
Total trades net + 281 BPS.

Return on account for the week + 0.61 % net.
P:L ratio N/A.
Days traded: 3.5.
Longest trade duration: 98 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

So we reached 2020 and the world is still more or less in one piece.
My new year was pretty quiet, I actually detest new year's eve and all the hullabaloo, and was asleep well before the clocks struck midnight.
At least the weather over Christmas and the new year was decent.

On the equity markets, the rally on the FTSE faltered after hitting 7665 on the 27th December. Crude spiked early on Friday after the US announced it had killed a senior Iranian General.

Only a few trades, as the markets were closed for a day and a half this week.

Below my weekly 2.5% benchmark.

For the month of December, I made a net return of 2.7%, with 36 trades closed.

Looking forward to more trading opportunities in 2020.

Stay disciplined.
Stay focussed.
Stay humble.