Trading Summary Week Ended 24th September 2021

52 Trades:

35 US500  + 636 BPS.

17 UK100 + 383 BPS.

14 long trades  - 19 BPS.
38 short trades + 1,038 BPS.
41 intra-day trades + 454 BPS.
11 multi-day trades + 565 BPS.

Total trades net  + 1,019 BPS.

Return on account for the week + 7.23 % net.

P:L ratio 3.25:1.
Days traded: 5.
Longest trade duration: 80 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.

The news from China about the possible collapse of the Evergrande property financing company sent futures heavily into the red on Sunday night, and on Monday the FTSE fell to 6,828.28 and the SPX hit 4,305.91.

The markets rebounded very strongly, with the SPX trading back above 4,400 by Wednesday, and over 4,450 by Friday morning.

A pretty busy week, made some poor trades, but still well above my 2.5 % weekly bench mark.

Looking forward to more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 17th September 2021

54 Trades:

1 AAL - 356 BPS.

29 US500  + 213 BPS.

2 US 30 + 4 BPS.

22 UK100 + 242 BPS.

19 long trades  + 58 BPS.
35 short trades + 45 BPS.
45 intra-day trades + 313 BPS.
7 multi-day trades - 210 BPS.

Total trades net  + 103 BPS.

Return on account for the week + 4.62 % net.

P:L ratio 5.55:1.
Days traded: 5.
Longest trade duration: 52 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 broke below 7000 and this time closed below it on Friday.

Miners got hammered, this was the headline;

'Iron ore price dives 7% on China’s lower steel output data'

I had quite a busy week, made some poor trades, but still well above my 2.5 % weekly bench mark.

(The percentage net return was much higher than the net BPS figure suggests, this is because the trade on AAL was very small compared to the index trades.)

Looking forward to more opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 10th September 2021

43 Trades:

18 US500  + 236 BPS.

19 UK100 + 188 BPS.

6 US 30 + 16 BPS.

21 long trades  + 211 BPS.
22 short trades + 229 BPS.
36 intra-day trades + 125 BPS.
7 multi-day trades + 315 BPS.

Total trades net  + 440 BPS.

Return on account for the week + 10.78 % net.

P:L ratio 383:1.
Days traded: 5.
Longest trade duration: 19 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.

The FTSE broke below 7000 briefly.

I made some poor trades, but still well above my 2.5 % weekly bench mark.

Looking forward to more opportunities next week.

Away from the markets, this weekend we mark the twentieth anniversary of the attacks on the World Trade Centre and the Pentagon.

I remember that day vividly, I first heard about the plane crashing into the Trade Centre from a post on a trading forum, but initially, it was reported to be a light aircraft. 

Of course, as events unfolded, the picture became more and more horrific.

I remember going to the pub that night, and finding it difficult to process everything that had happened earlier that day. Having worked (and lived in) the City of London, it somehow felt very close, I had spent time working at Merrill Lynch, a US broker/investment bank. 

I watched the TV coverage of the memorial ceremonies, and some of the original TV pictures this weekend. It brought it all back. 

In many ways, it was the  day the world changed.

 

Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 3rd September 2021

37 Trades:

12 US500  + 266 BPS.

24 UK100 - 346 BPS.

1 US 30 + 1 BPS.

26 long trades  + 353 BPS.
11 short trades - 432 BPS.
25 intra-day trades + 76 BPS.
12 multi-day trades - 155 BPS.

Total trades net  - 79 BPS.

Return on account for the week + 4.80 % net.

P:L ratio 2.2:1.
Days traded: 5.
Longest trade duration: 57 days.
Shortest trade duration: < 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A better week's trading on the equity markets.

We saw quite a bit of volatility, with the SPX again making new all time highs.

Well above my 2.5 % bench mark.

(I should explain that although there was a net loss in basis points, I actually made a net profit, since the longer term trades on the UK 100 which I closed for a loss were much smaller than the intraday trades.)

Looking forward to more opportunities next week.

Cycling wise, we have the Tour of GB starting this weekend, so I'll be keeping an eye on the action there too.

Stay disciplined.
Stay focussed.
Stay humble.