Trading Summary Week Ended 26th June 2020

25 Trades:

3 FRES - 14,002 BPS.
1 GLEN + 127 BPS.
21 UK100 - 952 BPS.

9 long trades - 1,746 BPS.
16 short trades - 13,081 BPS.
13 intra-day trades + 64 BPS.
12 multi-day trade - 14,891 BPS.
Total trades net - 14,827 BPS.

Return on account for the week - 2.23 % net.
P:L ratio 0.22:1.
Days traded: 5.
Longest trade duration: 512 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week on the equity markets.

The FTSE fell sharply midweek, dropping over 3% on Wednesday, then dropping further on Thursday, to test the 6030 zone, before rallying back above 6200 on Friday.

Over the week, the FTSE lost 133 points, or 2.12 %.

Not a great week for me, booked some losses on a couple of very poor positions on FRES.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 19th June 2020

41 Trades:

1 GLEN + 494 BPS.
40 UK100 - 1,254 BPS.

15 long trades - 1,730 BPS.
26 short trades + 970 BPS.
34 intra-day trades + 258 BPS.
7 multi-day trade - 1,018 BPS.
Total trades net - 760 BPS.

Return on account for the week - 1.36 % net.
P:L ratio 0.4:1.
Days traded: 5.
Longest trade duration: 136 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.
The week started in a fairly bearish mode, with the FTSE breaking below 6,000 on Monday morning, before rallying above 6,300 on Wednesday, then making highs post expiry on Friday.

Over the week, the FTSE gained 187 points, or 3.07 %.

Here is a daily chart of the FTSE, showing the rebound off the March lows:

So we are still below the 0.618 retracement on this chart.

Not a great week for me.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 12th June 2020

50 Trades:

2 GLEN - 2,028 BPS.
1 MTRO + 4,969 BPS.
47 UK100 + 1,907 BPS.

16 long trades - 110 BPS.
34 short trades + 4,958 BPS.
39 intra-day trades + 391 BPS.
11 multi-day trade + 4,457 BPS.
Total trades net + 4,848 BPS.

Return on account for the week + 1.74 % net.
P:L ratio 6.1:1.
Days traded: 5.
Longest trade duration: 586 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets again, with the FTSE making another post COVID19 high of 6511.84 on Monday.
Markets sold off sharply on Thursday, following the US indices, the FTSE briefly breaking below 6000 on Friday morning, before staging a bounce.

Commodity stocks were volatile - RD Shell fell over 16.5 % from the high on Monday to Friday's low, BP over 17 %.

Over the week, the FTSE lost 379 points, or 5.85 %.

Trading conditions were difficult, and I made a few very poor exits (this week on shorts).
68 % of trades were on the short side this week.

Below my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 5th June 2020

31 Trades:

1 AAL + 13 BPS.
1 BP + 2,770 BPS.
2 FRES - 4,465 BPS.

2 GLEN + 39 BPS.
25 UK100 + 2,842 BPS.

11 long trades + 448 BPS.
20 short trades + 751 BPS.
21 intra-day trades + 56 BPS.
10 multi-day trade + 1,143 BPS.
Total trades net + 1,199 BPS.

Return on account for the week + 2.77 % net.
P:L ratio 6.5:1.
Days traded: 5.
Longest trade duration: 493 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, with the FTSE making four consecutive post COVID19 highs on Tuesday, Wednesday, Thursday and Friday.
The ECB surprised the market on Thursday, with a larger than expected financial stimulus, again boosting equity markets.

This is the FTSE 100 chart over the week, gaining over 400 points or 6.71%:

The Dax was even stronger.

Commodity stocks were strong after early weakness, maybe people think economies are over the worst of the crisis.

On Friday we had US payrolls, and a bumper number sent the equity indices higher.

A frustrating week, I made some very poor trade exists (longs), just above my 2.5% weekly benchmark.


Apparently the LSE is considering reducing trading hours, which would be a great idea in my opinion - I see no reason why the London market has to trade for eight and a half hours, when the US gets by trading just six and a half.

Back in August 2019, a technical problem caused the LSE open to be delayed until 09:40, and as far as I can tell, this made little or no difference. Most of the action takes place in three periods - the first hour, the period around the Wall Street opening, and the last 30 minutes. 

In my opinion (which counts for nowt I realise), 09:00 to 16:00 London time would be good.

Looking forward to more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.