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.