Trading Summary Week Ended 28th May 2021

12 Trades:

12 UK100 + 63 BPS.

5 long trades  + 17 BPS.
7 short trades + 46 BPS.
11 intra-day trades + 48 BPS.
1 multi-day trades + 15 BPS.

Total trades net  + 63 BPS.

Return on account for the week + 0.72 % net.

P:L ratio N/A.
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration:  < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week, fewer trades as there were fewer good opportunities.

Well below my 2.5 % weekly benchmark.

For the month of May, I made 102 trades and a net return of 11.26 %.

Monday is a holiday in the UK, and the equity markets will be closed.

Away from the markets, the action in the Giro d'Italia continues, looks like Egan Bernal will take the title, barring disaster in the time trial on Sunday (tomorrow).

Looking forward to more opportunities in June.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 21st May 2021

21 Trades:

21 UK100 + 82 BPS.

20 long trades  + 77 BPS.
1 short trades + 5 BPS.
20 intra-day trades + 72 BPS.
1 multi-day trades + 10 BPS.

Total trades net  + 82 BPS.

Return on account for the week + 1.88 % net.

P:L ratio N/A.
Days traded: 5.
Longest trade duration: 8 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.

On Wednesday the FTSE sold off, amid a general red day, breaking below 6900 before bouncing to 6950.

The crypto markets saw a huge sell - off, with Bitcoin dropping from above $ 50,000 to $ 30,000, and then rallying to over $ 42,000, a crazy move.

I did buy a small amount of crypto during the drop.

Here is the one hour chart on Ethereum:

I made a couple of very poor trade exits (for example in the run up to expiry on Friday morning, when I thought the big money would probably push the index up into expiry), and left a lot of money on the table.

Well below my 2.5 % weekly benchmark.

Meanwhile, the action in the Giro d'Italia continues, with a big mountain stage on the Zoncolan this weekend, looking forward to that.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 14th May 2021

43 Trades:

43 UK100 - 318 BPS.

18 long trades  + 100 BPS.
25 short trades - 418 BPS.
36 intra-day trades + 308 BPS.
7 multi-day trades - 626 BPS.

Total trades net  - 318 BPS.

Return on account for the week - 0.27 % net.

P:L ratio 0.95:1.
Days traded: 5.
Longest trade duration: 49 days.
Shortest trade duration:  < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A really tough week.

Markets were bullish on Monday, with the FTSE making new 2021 highs at just over 7164.

We then fell back to 6912, which was support from the 4th of May, then on Thursday we broke below 6900, bottoming around 6823, before rallying back above 7000 on Friday, to close at 7043.6.

Here is a 3 minute chart of Thursday's move, the low corresponded to a high around the 16th of March:

Here is the four hour chart:

I made some very poor trades, well below my 2.5 % weekly benchmark.

Hopefully I can get back to profitability next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th May 2021

26 Trades:

26 UK100 + 281 BPS.

18 long trades  + 264 BPS.
8 short trades + 17 BPS.
24 intra-day trades + 139 BPS.
2 multi-day trades + 142 BPS.

Total trades net  + 281 BPS.

Return on account for the week + 8.25 % net.

P:L ratio N/A.
Days traded: 4.
Longest trade duration: 19 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 bank holiday in Britain on Monday.

Markets were bullish again, with the FTSE making new 2021 highs, breaking above 7,100 on Friday.

Commodity stocks were very strong, the likes of AAL, GLEN, BHP & RIO all near or at 52 week highs.

Not a bad week, although I made a couple of very poor trade exits after going long near Tuesday's lows around 6920, I really should have been more patient.

Still well above my 2.5 % weekly benchmark.

Hopefully I can continue this throughout May.

Away from the markets, we have the Giro d'Italia starting on Saturday in Turin, so I'll be following the action over the next three weeks. The Giro is always a great spectacle, and the scenery is usually beautiful, in fact I think Italy is one of my favourite countries, at least of those I have visited, and I've been to Italy many, many times.

So looking forward to some great cycling action. 

Stay disciplined.
Stay focussed.
Stay humble.