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.