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.