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.