Trading Summary Week Ended 30th July 2021

24 Trades:

2 AAL + 799 BPS.

11 US500 + 44 BPS.

11 UK100 + 206 BPS.

17 long trades  + 972 BPS.
7 short trades + 77 BPS.
19 intra-day trades + 71 BPS.
5 multi-day trades + 978 BPS.

Total trades net  + 1,049 BPS.

Return on account for the week + 3.42 % net.

P:L ratio N/A.
Days traded: 5.
Longest trade duration: 12 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week of volatility on the equity markets.

The FTSE broke below 6930 on Tuesday, rallied to a high of 7093.93 on Thursday.

In the US, the SPX made new all time highs again this week.

A tricky week, and some good trades missed.

For the month of July, I made 207 trades and a net profit of 23.97 %.

Looking forward to more trading opportunities next month.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 23rd July 2021

47 Trades:

1 AAL + 28 BPS.

2 US500 + 8 BPS.

44 UK100 + 861 BPS.

7 long trades  + 13 BPS.
40 short trades + 884 BPS.
40 intra-day trades + 502 BPS.
7 multi-day trades + 395 BPS.

Total trades net  + 897 BPS.

Return on account for the week + 7.23 % net.

P:L ratio N/A.
Days traded: 5.
Longest trade duration: 28 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A pretty volatile week on the equity markets.

The FTSE broke below 6900, trading down to 6813 before staging a very powerful rally back over 7000, following a midweek reversal on the SPX, which broke above 4400 on Friday for the first time ever.

Here is a 15 minute chart of the SPX, taken near the close of the London market on Friday:

The FTSE is still looking less bullish, with the index closing below the 50 DMA and the 21 EMA, although still above the 200 DMA. A mid - summer shake out would not surprise me at this point. 

Both BP and RD Shell seem to be running out of momentum, if the banks and the miners also weaken, that would be enough for the FTSE to break below the recent lows.

We shall see.

Another good week by my standards, over double my 2.5 % benchmark. 

Looking forward to more trading opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 16th July 2021

41 Trades:

2 AAL + 35 BPS.

39 UK100 + 419 BPS.

9 long trades  + 35 BPS.
32 short trades + 419 BPS.
32 intra-day trades + 343 BPS.
9 multi-day trades + 111 BPS.

Total trades net  + 454 BPS.

Return on account for the week + 5.28 % net.

P:L ratio 142.6:1.
Days traded: 5.
Longest trade duration: 29 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.

Markets reacted bearishly to more signs of inflation in the US and the UK.

Over the pond, the SPX made yet another new all time high on Wednesday, while the DJIA made a new all time closing high earlier in the week. 

The FTSE broke below 7010, trading as low as 7005 on Thursday. We then had a rebound on Friday morning, which was also expiry on the FTSE futures and options, before breaking back below 7000 later in the day, finally closing at 7008.10.

The medium term chart is looking less bullish, with the index closing below the 50 DMA and the 21 EMA, although still above the 200 DMA.

A decent week by my standards, over double my 2.5 % benchmark. I left plenty of money on the table though.

The Tour de France enters the end game this weekend, with Tadej Pogacar looking pretty invincible in the maillot jaune. Can Cavendish take another stage I wonder ? 

A win on the Champs on Sunday would be a dream for him.

Looking forward to more trading opportunities next week, and TDF action this weekend.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 9th July 2021

56 Trades:

1 AAL + 28 BPS.

55 UK100 + 264 BPS.

11 long trades  + 112 BPS.
45 short trades + 180 BPS.
45 intra-day trades + 375 BPS.
11 multi-day trades - 83 BPS.

Total trades net  + 292 BPS.

Return on account for the week + 2.77 % net.

P:L ratio 1.89:1.
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 very volatile week on the equity markets.

On Thursday we broke below 7,000 on the FTSE, and the commodity stocks got hammered. The market then bounced on Friday.

Quite a busy week by my standards, heavily skewed to the short side. 

Above my 2.5 % benchmark, although I made a few poor trade exits.

The Tour de France continues, with Tadej Pogacar looking pretty invincible in the maillot jaune at the moment. Mark Cavendish has now won four stages, and there still a couple more sprint finishes left in the tour. Maybe he can win another stage, he seems to be on top form at the moment, and several big names have left the race due to injuries.

Looking forward to profitable trading, and TDF action next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 2nd July 2021

27 Trades:

4 AAL + 190 BPS.

23 UK100 + 119 BPS.

20 long trades  + 148 BPS.
7 short trades + 161 BPS.
23 intra-day trades + 179 BPS.
4 multi-day trades + 130 BPS.

Total trades net  + 309 BPS.

Return on account for the week + 2.27 % net.

P:L ratio 197:1.
Days traded: 5.
Longest trade duration: 5 days.
Shortest trade duration:  < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tricky week, on Wednesday the FTSE test the 7,010 level, before rallying above 7,160 on Friday.

Over the pond, the indices continue to make new all time highs.

Short of my 2.5 % weekly benchmark again.

Over the month of June, I made 88 trades for a net profit of 4.58 %.

The Tour de France is proving to be exciting, with Mattieu Van der Poel taking the yellow jersey that his grandfather, Raymond Poulidor never wore, a lovely and moving moment.

And what can you say about Mark Cavendish ? Two fantastic stage wins in six days. 

Obviously he's on great form, and happy to be back with his old Deceuninck-Quickstep team.

Looking forward to better trading, and more bike racing next week.

Stay disciplined.
Stay focussed.
Stay humble.