Trading Summary Week Ended 18th October 2019

13 Trades:

1 AAL + 31 BPS.
1 BHP + 7 BPS.
3 FRES + 374 BPS.
6 UK100 + 36 BPS.

8 long trades + 74 BPS.
5 short trades + 592 BPS.
8 intra-day trades + 212 BPS.
5 multi-day trades  + 454 BPS.
Total trades net + 666 BPS.

Return on account for the week + 0.20 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 287 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A challenging week, markets influenced by the ongoing BREXIT situation.

Commodity stocks were weak, with the FTSE Mining Index down over a thousand points over the week at one point.
Trades were difficult to find, hence the small number of them.
Well short of my 2.5% benchmark.

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 11th October 2019

11 Trades:

2 BHP - 1737 BPS.
2 MCRO - 4204 BPS.
7 UK100 + 36 BPS.

7 long trades - 5224 BPS.
4 short trades - 681 BPS.
7 intra-day trades + 35 BPS.
4 multi-day trades  - 5940 BPS.
Total trades net - 5905 BPS.

Return on account for the week - 3.16 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 308 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

We saw some more volatility on the commodity stocks, (and therefore the FTSE).

A poor week, closed a couple of positions in BHP and MCRO and took a bit of a hit.
(The positions on MCRO were small, hence the lower overall percentage loss than the BPS figure would suggest.)

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 4th October 2019

24 Trades:

1 BHP - 245 BPS.
1 BP + 339 BPS.
1 FRES + 50 BPS.
2 MTRO + 2976 BPS.
19 UK100 + 781 BPS.

6 long trades - 263 BPS.
18 short trades + 4164 BPS.
10 intra-day trades + 321 BPS.
7 multi-day trades + 3580 BPS.
Total trades net + 3901 BPS.

Return on account for the week + 1.79 % net.
P:L ratio 5.4:1.
Days traded: 5.
Longest trade duration: 50 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A bit of a crazy week on the equity markets.

We saw a lot of volatility, with the FTSE breaking the lows of early August, making a new low just above 7000. I'm not sure whether we will retest these levels in the coming weeks, October can be a volatile month. The index ended the week over 3.6 % down.

Short of my 2.5% weekly benchmark.

For September, my net return was just + 2.19%, with 64 trades. It was a difficult month.

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 27th of September 2019

15 Trades:

1 GLEN + 13 BPS.
2 MTRO + 565 BPS.
12 UK100 + 223 BPS.

6 long trades + 184 BPS.
9 short trades + 617 BPS.
8 intra-day trades - 310 BPS.
7 multi-day trades + 1111 BPS.
Total trades net + 801 BPS.

Return on account for the week + 0.53 % net.
P:L ratio 21.2:1.
Days traded: 5.
Longest trade duration: 34 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week's trading.

The FTSE made new 30 day high on Friday at 7440.77. Crude oil was volatile again.
Short of my 2.5% weekly benchmark.

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 20th September 2019

12 Trades:

3 BP - 1304 BPS.
1 FRES + 22 BPS.
1 MTRO + 253 BPS.
7 UK100 + 70 BPS.

7 long trades - 1253 BPS.
6 short trades + 21 BPS.
9 intra-day trades + 335 BPS.
9 multi-day trades - 1294 BPS.
Total trades net - 959 BPS.

Return on account for the week - 0.04 % net.
P:L ratio 0.8:1.
Days traded: 5.
Longest trade duration: 348 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A poor week's trading.

Crude oil had a huge move after Saudi oil facilities were bombed. 
Short of my 2.5% weekly benchmark.

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 13th September 2019

17 Trades:

2 BHP + 347 BPS.
2 BP + 87 BPS.
13 UK100 + 146 BPS.

11 long trades + 559 BPS.
6 short trades + 21 BPS.
8 intra-day trades + 152 BPS.
9 multi-day trades + 428 BPS.
Total trades net + 580 BPS.

Return on account for the week + 0.63 % net.
P:L ratio 4:1.
Days traded: 5.
Longest trade duration: 8 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week, there were lots of technical issues with my online trading platform.

Short of my 2.5% weekly benchmark.

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 6th of September 2019

18 Trades:

1 BHP + 40 BPS.
1 BP - 127 BPS.
1 GLEN + 24 BPS.
2 MTRO + 196 BPS.
14 UK100 + 263 BPS.

15 long trades + 303 BPS.
3 short trades + 93 BPS.
11 intra-day trades + 146 BPS.
7 multi-day trades + 250 BPS.
Total trades net + 396 BPS.

Return on account for the week + 0.70 % net.
P:L ratio 19.7:1.
Days traded: 5.
Longest trade duration: 247 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week, there were lots of technical issues with my online trading platform.

Short of my 2.5% weekly benchmark.

Looking forward to a better week next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 30th August 2019

24 Trades:

1 BHP + 19 BPS.
1 FRES + 29 BPS.
1 GLEN + 147 BPS.
2 MCRO + 5370 BPS.
19 UK100 + 379 BPS.

5 long trades + 112 BPS.
19 short trades + 5832 BPS.
13 intra-day trades + 652 BPS.
11 multi-day trades + 5292 BPS.
Total trades net + 5944 BPS.

Return on account for the week + 3.06 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 85 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, due to the bank holiday in the UK.
Markets were volatile again, the FTSE regained the 7200 level on Friday after selling off down to 7044.73 earlier in the week. Over the course of August the FTSE was down exactly 5%.

Above my 2.5% weekly benchmark.
(The reason the net return is low given the high net BPS is that the trades on MCRO were small in size).

August has been a busy month, I made 97 trades and had a net return of 10.02 %.

Looking forward to more trading opportunities in September.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 23rd August 2019

16 Trades:

3 GLEN + 336 BPS.
2 MTRO + 3029 BPS.
11 UK100 + 223 BPS.

3 long trades + 35 BPS.
13 short trades + 3553 BPS.
5 intra-day trades + 146 BPS.
11 multi-day trades + 3442 BPS.
Total trades net + 3588 BPS.

Return on account for the week + 1.18 % net.
P:L ratio N/A.
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

Another volatile week on the equity markets.

We saw more weakness in the commodity sector, with RIO, BHP AAL all making 30 day lows.
The FTSE was volatile, dropping on Friday after China announced they would respond to the US tariffs, and finished down 22 points over the week. Late on Friday the US markets fell sharply, with the SPX falling over 2.5%.

Trades were difficult to find, hence well short of my 2.5% weekly benchmark.
(The reason the net return is low given the high net BPS is that the trades on MTRO were very small in size).

Next Monday we have the summer bank holiday, so a shortened trading week.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 16th August 2019

20 Trades:

2 BHP + 46 BPS.
2 GLEN + 277 BPS.
1 MCRO + 452 BPS.
15 UK100 + 154 BPS.

4 long trades - 219 BPS.
16 short trades + 1148 BPS.
12 intra-day trades + 252 BPS.
8 multi-day trades + 677 BPS.
Total trades net + 929 BPS.

Return on account for the week + 1.22 % net.
P:L ratio 3.3:1.
Days traded: 5.
Longest trade duration: 78 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 made a low of 7020.22 on Thursday, over 9% below the recent highs made at the end of July.

We saw more weakness in the commodity sector, despite strength in gold and silver.
The FTSE was down 137 points over the week, after a modest rally on Friday.

Below my 2.5% weekly benchmark.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 9th August 2019

21 Trades:

5 GLEN + 3176 BPS.
1 MTRO + 178 BPS.
15 UK100 + 279 BPS.

No long trades.
21 short trades + 3633 BPS.
11 intra-day trades + 249 BPS.
10 multi-day trades + 3384 BPS.
Total trades net + 3633 BPS.

Return on account for the week + 2.09 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 59 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another volatile week, trading was difficult.

The commodity stocks sold off on more trade tariff worries.
The FTSE made a low of 7153.89 on Wednesday, that is 742 BPS below the high of the previous week, that's quite a move for the index.

RD Shell was down over 11% in five days at one point, BP slightly less, both dragging the FTSE lower.

A little below my 2.5% weekly benchmark.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 2nd August 2019

27 Trades:

1 BHP - 117 BPS.
6 FRES + 2842 BPS.
4 GLEN + 1540 BPS.
1 MTRO + 1412 BPS.
15 UK100 + 251 BPS.

4 long trades + 99 BPS.
23 short trades + 5829 BPS.
11 intra-day trades + 1641 BPS.
16 multi-day trades + 4287 BPS.
Total trades net + 5928 BPS.

Return on account for the week + 3.23 % net.
P:L ratio 7.6:1.
Days traded: 5.
Longest trade duration: 78 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A busy week, and we saw a lot of volatility on the equity markets.

The FTSE made a high for the year (7727.49) on Tuesday, but news of new trade tariffs saw it sell off over 329 points (4.2%) from that level on Friday.

Very tough trading conditions, commodity stocks were very active, I made a couple of very poor trade exits.

Still, above my 2.5% weekly benchmark for the first time since early July.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 26th July 2019

20 Trades:

2 AAL + 418 BPS.
1 BHP + 74 BPS.
1 FRES + 90 BPS.
2 MTRO + 2371 BPS.
14 UK100 + 208 BPS.

14 long trades + 1290 BPS.
6 short trades + 1871 BPS.
11 intra-day trades + 721 BPS.
9 multi-day trades + 2440 BPS.
Total trades net + 3161 BPS.

Return on account for the week + 1.82 % net.
P:L ratio 74.1:1.
Days traded: 5.
Longest trade duration: 72 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week, and we saw some volatility on the equity markets.

Miners were weaker, the FTSE mining index losing over 600 points on Wednesday.

Made some poor trade exits.
(The reason the net return is low given the high net BPS is that the two trades on MTRO were very small in size).

Well short of my 2.5% weekly benchmark.

Away from the markets, the TDF is coming to an climax this weekend, with Alaphilippe having lost the maillot jeune on Friday on the weather shortened stage in the Alps.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 19th July 2019

21 Trades:

1 AAL + 180 BPS.
4 FRES + 355 BPS.
1 MCRO + 479 BPS.
15 UK100 + 173 BPS.

12 long trades + 689 BPS.
9 short trades + 498 BPS.
14 intra-day trades + 92 BPS.
7 multi-day trades + 1095 BPS.
Total trades net + 1187 BPS.

Return on account for the week + 1.37 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 94 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week, we saw some volatility in the commodity stocks. FRES in particular saw some big moves after lowering production targets.
A couple of very poor trade exits.

The FTSE rallied into expiry on Friday morning, before selling off later.

Well short of my 2.5% weekly benchmark.

Away from the markets, the TDF is at a very interesting stage, after a stunning time trial by Alaphilippe, should be a great stage on Saturday on the Tourmalet.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 12th July 2019

10 Trades:

10 UK100 + 51 BPS.

7 long trades + 42 BPS.
3 short trades + 9 BPS.
9 intra-day trades + 40 BPS.
1 multi-day trades + 11 BPS.
Total trades net + 51 BPS.

Return on account for the week + 0.26 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 10 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quiet week.

Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 5th July 2019

26 Trades:

1 BHP + 224 BPS.
2 FRES + 34 BPS.
1 GLEN - 7 BPS.
2 MTRO + 120 BPS.
1 STAN + 402 BPS.
19 UK100 + 1154 BPS.

22 long trades + 1812 BPS.
4 short trades + 115 BPS.
11 intra-day trades + 186 BPS.
15 multi-day trades + 1741 BPS.
Total trades net + 1927 BPS.

Return on account for the week + 5.79 % net.
P:L ratio 1765:1.
Days traded: 5.
Longest trade duration: 272 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week.

The FTSE made four consecutive daily higher highs for the year. Then on Friday we saw a bit of  selling,  as most of the commodity stocks fell.

Most of my profit came from trading the index, one of my better weeks for 2019 and well north of my 2.5% weekly benchmark for a change.


Meanwhile, the heatwave continues.
And away from the markets, this weekend marks the start of the greatest sporting competition of the year - The Tour de France, so I shall try and watch as of the race much as I can, whilst keeping an eye on the equity markets.


Looking forward to more trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 28th June 2019

21 Trades:

2 AAL + 372 BPS.
1 BHP + 347 BPS.
1 FRES + 263 BPS.
1 GLEN + 8 BPS.
1 MTRO + 143 BPS.
15 UK100 + 51 BPS.

11 long trades + 1012 BPS.
10 short trades + 172 BPS.
15 intra-day trades + 191 BPS.
6 multi-day trades + 993 BPS.
Total trades net + 1184 BPS.

Return on account for the week + 1.16 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 7 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week on the equity markets.

Miners were fairly strong with AAL, BHP and RIO all making new 52 week highs. The FTSE was range bound around the 7400 level.

On Thursday I made a poorly timed trade entry on GLEN, after news of a fatal mine accident broke. GLEN fell more than 8% intraday.
I got out just above B/E, but should have been more patient before buying.

Once again short of my 2.5% weekly benchmark.

For June, I completed 58 trades, for a net return of 5.23 %, which was a couple of percentage points better than May.

We are having something of a heatwave here at the mo, with temps up around 35 degrees C, so not ideal conditions for trading, I have to periodically shove my head under the cold shower to cool off.


Looking forward to better trading opportunities next month.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 21st June 2019

13 Trades:

1 AAL + 137 BPS.
1 BHP + 187 BPS.
1 BP - 559 BPS.
1 FRES + 297 BPS.
9 UK100 + 142 BPS.

11 long trades + 217 BPS.
2 short trades - 13 BPS.
5 intra-day trades + 47 BPS.
8 multi-day trades + 157 BPS.
Total trades net + 204 BPS.

Return on account for the week + 1.18 % net.
P:L ratio 7.1:1.
Days traded: 5.
Longest trade duration: 70 days.
Shortest trade duration:  6 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another quiet week. 
Equity markets were range - bound for most of the week, miners were strong, then on Wednesday RIO warned on its iron ore production, and the sector sold off sharply (over 540 points on the FTSE mining index, NMX1770).

Crude oil was strong following more news from the gulf, the US claiming that a drone was shot down by Iran. Gold also broke above $ 1400 on Friday morning for the first time in a few years.

A poorly timed trade exit on BP spoiled what could have been a decent week.
Once again short of my 2.5% weekly benchmark.


Looking forward to better trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 14th June 2019

11 Trades:

1 BHP + 40 BPS.
1 FRES + 7 BPS.
1 STAN + 286 BPS.
1 MTRO + 56 BPS.
7 UK100 + 168 BPS.

9 long trades + 494 BPS.
2 short trades + 63 BPS.
6 intra-day trades + 84 BPS.
5 multi-day trades + 473 BPS.
Total trades net + 557 BPS.

Return on account for the week + 1.04 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 33 days.
Shortest trade duration:  13 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week. 
Equity markets were stronger early in the week, but sold off on Friday. 

Crude oil was volatile following news from the gulf about a tanker attacked.
Miners were firmer with RIO setting 52 week highs, BHP and AAL were also bullish.

Once again short of my 2.5% weekly benchmark.


Looking forward to better trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 7th June 2019

13 Trades:

1 GLEN + 364 BPS.
12 UK100 + 287 BPS.

5 long trades + 63 BPS.
8 short trades + 589 BPS.
7 intra-day trades + 71 BPS.
6 multi-day trades + 581 BPS.
Total trades net + 652 BPS.

Return on account for the week + 1.77 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 70 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another quiet week. 
Equity markets sold off on Monday before rallying strongly into and Friday. 
The FTSE rebounded over 3.7% from the lows of Monday.

Crude oil stared the weak lower but rallied too.

Again short of my 2.5% weekly benchmark.


Looking forward to better trading opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 31st May 2019

6 Trades:

3 GLEN + 866 BPS.
3 UK100 + 56 BPS.

0 long trades.
6 short trades + 922 BPS.
2 intra-day trades + 10 BPS.
4 multi-day trades + 912 BPS.
Total trades net + 922 BPS.

Return on account for the week + 0.77 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 15 days.
Shortest trade duration:  10 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week due to the bank holiday. 
Equity markets were weaker, mainly on continued trade tensions.
Crude oil was weaker too.

Again short of my 2.5% weekly benchmark.



During May I made 61 trades and a net return of 3.39%, not an easy month that's for sure.
Looking forward to better trading opportunities in June.


Stay disciplined.
Stay focussed.
Stay humble.

Trading Summary Week Ended 24th May 2019

21 Trades:

2 BHP + 125 BPS.
1 BP - 1116 BPS.
2 FRES + 109 BPS.
5 GLEN + 1140 BPS.
11 UK100 + 62 BPS.

10 long trades + 174 BPS.
11 short trades + 146 BPS.
12 intra-day trades + 257 BPS.
9 multi-day trades + 63 BPS.
Total trades net + 320 BPS.

Return on account for the week + 0.96 % net.
P:L ratio 5.1:1.
Days traded: 5.
Longest trade duration: 169 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another tricky week.
Well short of my 2.5% weekly benchmark.

London will be closed on Monday for the May bank holiday, and I'm taking a much needed short break.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 17th May 2019

15 Trades:

1 BHP + 47 BPS.
2 FRES - 2413 BPS.
4 GLEN + 355 BPS.
2 MTRO + 2571 BPS;
6 UK100 + 110 BPS.

5 long trades - 2506 BPS.
10 short trades + 3176 BPS.
8 intra-day trades + 293 BPS.
7 multi-day trades + 377 BPS.
Total trades net + 670 BPS.

Return on account for the week + 0.51 % net.
P:L ratio 1.5:1.
Days traded: 5.
Longest trade duration: 201 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week. Frustrating trading conditions overall.
Well short of my 2.5% weekly benchmark.
Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 10th May 2019

10 Trades:

3 BHP + 162 BPS.
2 STAN + 161 BPS.
1 RDSB + 11 BPS.
4 UK100 + 53 BPS.

7 long trades + 367 BPS.
3 short trades + 20 BPS.
8 intra-day trades + 178 BPS.
2 multi-day trades + 209 BPS.
Total trades net + 387 BPS.

Return on account for the week + 0.49 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 1 day.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week due to the bank holiday
Equity markets were weaker again, the FTSE losing 177 points (240 BPS) since last Friday's close.

Made a couple of poor trade exits.
Well short of my 2.5% weekly benchmark.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 3rd May 2019

18 Trades:

3 BHP + 94 BPS.
1 FRES + 34  BPS.
1 STAN + 607 BPS.
2 MTRO + 1769 BPS.
11 UK100 - 15 BPS.

12 long trades + 682 BPS.
6 short trades + 1807 BPS.
13 intra-day trades + 139 BPS.
5 multi-day trades + 2350 BPS.
Total trades net + 2489 BPS.

Return on account for the week + 0.86 % net.
P:L ratio 3.9:1.
Days traded: 5.
Longest trade duration: 262 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very difficult week. Made some very poor trades on the FTSE. Equity markets were weaker towards the end of the week. Frustrating trading overall.

Well short of my 2.5% weekly benchmark.

Next week is another four day week due to the May bank holiday.
Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 26th April 2019

17 Trades:

4 BHP + 111 BPS.
1 BP + 29 BPS.
1 FRES + 375  BPS.
2 GLEN + 287 BPS.
2 MTRO + 331 BPS.
5 UK100 + 178 BPS.

14 long trades + 689 BPS.
3 short trades + 706 BPS.
6 intra-day trades + 318 BPS.
11 multi-day trades + 1077 BPS.
Total trades net + 1395 BPS.

Return on account for the week + 1.82 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 140 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week, due to the Easter holiday.

Not a great week, the FTSE made a new high for the year on Tuesday, before falling back below 7400 on Friday. Commodity stocks were weaker after the recent strength in both oil and mining stocks.
Trades were difficult to find.
Well short of my 2.5% weekly benchmark.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 19th April 2019

20 Trades:

1 AAL + 62 BPS.
3 BHP + 212 BPS.
2 GLEN + 83 BPS.
14 UK100 + 200 BPS.

18 long trades + 551 BPS.
2 short trades + 6 BPS.
11 intra-day trades + 316 BPS.
9 multi-day trades + 241 BPS.
Total trades net + 557 BPS.

Return on account for the week + 1.55 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 13 days.
Shortest trade duration:  7 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A shortened week, due to the Easter holiday.

Well short of my 2.5% weekly benchmark.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 12th April 2019

21 Trades:

2 AAL + 489 BPS.
1 BHP + 53 BPS.
4 BP + 310 BPS.
3 FRES + 62 BPS.
11 UK100 + 174 BPS.

18 long trades + 1079 BPS.
2 short trades + 9 BPS.
10 intra-day trades + 95 BPS.
11 multi-day trades + 993 BPS.
Total trades net + 1088 BPS.

Return on account for the week + 1.87 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 8 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week.

Equity markets were range - bound for most of the week, and I was scalping for points.
Commodity stocks were strong again, with AAL, BHP, RIO again making new 52 week highs.

Short of my 2.5% weekly benchmark.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 5th April 2019

34 Trades:

6 AAL + 2629 BPS.
3 BHP + 328 BPS.
3 BP - 863 BPS.
1 FRES + 10 BPS.
4 GLEN + 833 BPS.
17 UK100 + 643 BPS.

33 long trades + 4536 BPS.
1 short trades - 956 BPS.
6 intra-day trades + 87 BPS.
28 multi-day trades + 3493 BPS.
Total trades net + 3580 BPS.

Return on account for the week + 7.79 % net.
P:L ratio 22.8:1.
Days traded: 5.
Longest trade duration: 153 days.
Shortest trade duration:  49 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A pretty busy week.

Equity markets were in bullish mode, the FTSE making new highs for 2019 on Wednesday, Thursday and again on Friday.
Commodity stocks were strong, with AAL, BHP, RIO all making 52 week highs. BP and RD Shell were also stronger.

Just how far this rally can go is anyone's guess.

BREXIT still not finalised. We definitely have the most useless politicians this country has ever seen.

Well above my 2.5% weekly benchmark.

Looking forward to more trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 29th March 2019

17 Trades:

1 AAL + 211 BPS.
3 BHP + 319 BPS.
2 BP + 60 BPS.
1 FRES + 29 BPS.
1 GLEN + 171 BPS.
1 MTRO + 1467 BPS.
8 UK100 + 78 BPS.

8 long trades + 790 BPS.
9 short trades + 1545 BPS.
8 intra-day trades + 81 BPS.
9 multi-day trades + 2254 BPS.
Total trades net + 2335 BPS.

Return on account for the week + 1.98 % net.
P:L ratio 13.4:1.
Days traded: 5.
Longest trade duration: 123 days.
Shortest trade duration:  8 min.
(All PNL expressed in basis points for the purpose of comparison.)
(Net return is lower than the BPS total might suggest as the MTRO trade was small).

Thoughts

A quieter week.

Equity markets were slightly firmer, after an early sell off.


BREXIT was postponed, even though the political class has had over two and a half years to sort it out. I think we have the most useless politicians this country has ever seen.

Well below my 2.5% weekly benchmark, I made a couple of very poor trade exists.

My return for the month was just over 11.6 %, with 70 trades made.

Looking forward to better trading opportunities next month.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 22nd March 2019

19 Trades:

1 AAL + 293 BPS.
1 BHP + 430 BPS.
1 FRES + 43 BPS.
2 GLEN + 369 BPS.
14 UK100 + 688 BPS.

18 long trades + 1780 BPS.
1 short trades + 43 BPS.
8 intra-day trades + 111 BPS.
11 multi-day trades + 1712 BPS.
Total trades net + 1823 BPS.

Return on account for the week + 6.41 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 130 days.
Shortest trade duration:  11 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A busy week.

Again BREXIT was in the news, with the British government going on its knees to Brussels to beg for an extension, despite having had over two and a half years to sort this out. 
You couldn't make this stuff up.

Equity markets were very volatile, with the FTSE making a new high for 2019 on Thursday, before dropping over 2% on Friday.

Difficult trading conditions, and I made some poor trade exits. Well above my 2.5% weekly benchmark though.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 15th March 2019

15 Trades:

4 BP + 67 BPS.
1 GLEN + 90 BPS.
1 MTRO + 908 BPS.
12 UK100 + 165 BPS.

7 long trades + 263 BPS.
8 short trades + 967 BPS.
8 intra-day trades + 37 BPS.
7 multi-day trades + 1193 BPS.
Total trades net + 1230 BPS.

Return on account for the week + 1.64 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 29 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week.

Markets were volatile with BREXIT developments moving Sterling.

Well below my 2.5% weekly benchmark.

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 8th March 2019

14 Trades:

4 AAL + 731 BPS.
1 BHP - 1612 BPS.
2 FRES + 69 BPS.
1 GLEN + 34 BPS.
6 UK100 + 127 BPS.

8 long trades + 862 BPS.
6 short trades - 1513 BPS.
5 intra-day trades + 107 BPS.
9 multi-day trades - 758 BPS.
Total trades net - 651 BPS.

Return on account for the week + 0.48 % net.
P:L ratio 1.3:1.
Days traded: 5.
Longest trade duration: 100 days.
Shortest trade duration:  23 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

First full week back in Europe.

Markets were weaker, and weak Chinese trade data didn't help the bulls.

Well below my 2.5% weekly benchmark.

Poor trading, took a loss on a BHP short which was not clever (although a positive overall return since the BHP trade was smallish.)

Looking forward to better trading opportunities next week.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 1st March 2019

9 Trades:

1 AAL + 341 BPS.
2 MTRO + 1706 BPS.
6 UK100 + 69 BPS.

4 long trades + 387 BPS.
5 short trades + 1729 BPS.
7 intra-day trades + 453 BPS.
2 multi-day trades + 1663 BPS.
Total trades net + 2116 BPS.

Return on account for the week + 2.19 % net.
P:L ratio N/A.
Days traded: 3.
Longest trade duration: 29 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Again I was away for most of the week, arriving back in Europe on Thursday evening.

Just under my 2.5% weekly benchmark.

During February I made 52 trades and a net profit of 7.75% on my account, which was the poorest return for several months.

Looking forward to decent trading opportunities in March.


Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 22nd February 2019

2 Trades:

1 AAL + 415 BPS.
1 BHP + 221 BPS.

2 long trades + 636 BPS.
0 short trades.
0 intra-day trades.
2 multi-day trades + 636 BPS.
Total trades net + 636 BPS.

Return on account for the week + 0.80 % net.
P:L ratio N/A.
Days traded: 1.
Longest trade duration: 22 days.
Shortest trade duration:  1 day.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Just a couple of trades this week, as I arrived in China on Tuesday morning.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 15th February 2019

27 Trades:

1 BHP + 17 BPS.
1 FRES + 33 BPS.
3 GLEN + 180 BPS.
4 MCRO + 297 BPS.
2 MTRO + 118 BPS.
1 SLA + 31 BPS.
15 UK100 + 253 BPS.

19 long trades + 501 BPS.
8 short trades + 428 BPS.
20 intra-day trades + 640 BPS.
6 multi-day trades + 289 BPS.
Total trades net + 929 BPS.

Return on account for the week + 2.63 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 9 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week. I was away from my desk on Tuesday, hence the four day week.

Markets were more range bound this week, although MCRO saw a huge move after decent results and a continuation of the buy back. SLA also made a big move to the downside on Friday after it was announced that Mitsubishi sold its entire holding.

The rally since the 28th Jan lows on the FTSE has been impressive, nearly 8%, and even more so from the late December lows, over 11%. Not sure how much further this has to go, we shall see.

Just above my 2.5% weekly benchmark.

I will be out of the country for the next two weeks, so will probably not be trading.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 8th February 2019

17 Trades:

1 BHP + 128 BPS.
1 BP - 596 BPS.
2 GLEN + 137 BPS.
13 UK100 + 135 BPS.

15 long trades + 815 BPS.
2 short trades - 1011 BPS.
8 intra-day trades + 123 BPS.
9 multi-day trades - 319 BPS.
Total trades net - 196 BPS.

Return on account for the week + 2.44 % net.
P:L ratio 2.2:1.
Days traded: 5.
Longest trade duration: 14 days.
Shortest trade duration:  17 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week. The equity markets made a strong recovery from last week's lows.


I took a loss on a short position on BP, after it rallied strongly post results.
(The disparity between the negative net BPS and the positive return is due to the UK100 trades being larger than the BP trade, which was a partial position closed).

Below my 2.5% weekly benchmark.

Looking forward to better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 1st February 2019

16 Trades:

3 AAL + 1142 BPS.
1 BP + 95 BPS.
2 FRES + 800 BPS.
2 MTRO + 1998 BPS.
7 UK100 + 137 BPS.

10 long trades + 2062 BPS.
6 short trades + 2110 BPS.
6 intra-day trades + 68 BPS.
10 multi-day trades + 4104 BPS.
Total trades net + 4172 BPS.

Return on account for the week + 5.37 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 238 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A short week as I had business away from my desk on Monday. Commodity stocks were strong with the FTSE mining index making its seventh higher high on Friday.

FTSE rallied back above 7000, after selling off to 6734 on Monday, a rebound of over 4%. The index was driven by the likes of BP and Shell, as well as the miners, but the financials didn't join the rally.

Well above my 2.5% weekly benchmark.

In the month of January I closed 102 trades for a net return of 12.8%.  Stocks accounted for 59% of profits (higher than December).

Looking forward to decent opportunities in February.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 25th January 2019

17 Trades:

2 AAL + 187 BPS.
3 BHP + 103 BPS.
2 BP + 46 BPS.

3 GLEN + 89 BPS.
1 MTRO + 108 BPS.
6 UK100 + 49 BPS.

13 long trades + 454 BPS.
4 short trades + 128 BPS.
12 intra-day trades + 339 BPS.
5 multi-day trades + 243 BPS.
Total trades net + 582 BPS.

Return on account for the week + 1.13 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 10 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quieter week. The FTSE was weaker, and tested the 6800 level on Thursday after last Friday's strong rally.

Not a great week for trading opportunities.

Well short of my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 18th January 2019

21 Trades:

1 AAL + 49 BPS.
1 BHP + 96 BPS.
2 BP + 20 BPS.
1 FRES + 49 BPS.
1 GLEN + 15 BPS.
15 UK100 + 160 BPS.

9 long trades + 270 BPS.
12 short trades + 119 BPS.
14 intra-day trades + 164 BPS.
7 multi-day trades + 225 BPS.
Total trades net + 389 BPS.

Return on account for the week + 1.71 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 9 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week. The FTSE sold off midweek but rallied strongly on Friday to just under 7000.

BREXIT filled the headlines this week, as the Commons voted against the PM's deal, and then the government managed to scrape through a vote of no confidence. Cable was very volatile, and this moved the commodity stocks around a fair bit.

Well short of my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 11th January 2019

26 Trades:

5 AAL + 587 BPS.
4 BHP + 435 BPS.
1 BP - 629 BPS.
4 FRES + 263 BPS.
3 GLEN - 658 BPS.
9 UK100 + 138 BPS.

20 long trades + 1483 BPS.
6 short trades - 1347 BPS.
14 intra-day trades + 759 BPS.
12 multi-day trades - 623 BPS.
Total trades net + 136 BPS.

Return on account for the week + 1.81 % net.
P:L ratio 2.5:1.
Days traded: 5.
Longest trade duration: 37 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

First full week after the New Year holiday.

Very difficult trading conditions, markets rallied strongly off the lows of the Christmas week, with the FTSE hitting 7000 again on Friday morning, before selling off later.

Took a few losses on BP and GLEN shorts (very poorly timed entries on both), offset by gains on BHP, AAL and UK100.

Well short of my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 4th January 2019

25 Trades:

3 AAL + 272 BPS.
1 BHP + 41 BPS.
1 BP + 107 BPS.
2 FRES + 134 BPS.
3 GLEN + 152 BPS.
1 RDSB + 8 BPS.
13 UK100 + 198 BPS.

7 long trades + 462 BPS.
18 short trades + 576 BPS.
16 intra-day trades + 241 BPS.
9 multi-day trades + 797 BPS.
Total trades net + 1038 BPS.

Return on account for the week + 2.79 % net.
P:L ratio N/A.
Days traded: 3.5.
Longest trade duration: 27 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another short week due to the New Year holiday.

Not many decent trades. The FTSE found some strength after dipping under 6600 on New Year's eve. We saw a powerful rally on Friday after US payrolls were better than the market expected.
Over my 2.5% weekly benchmark.

For the month of December I made 157 trades and made a return of just under 24%, which was my best month of the year.

Looking forward to more opportunities in the year ahead.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 28th December 2018

23 Stock Trades:

2 AAL + 141 BPS.
2 BHP + 145 BPS.
4 FRES + 319 BPS.
2 GLEN + 79 BPS.
3 MCRO + 85 BPS.
10 UK100 + 506 BPS.

12 long trades + 726 BPS.
11 short trades + 549 BPS.
12 intra-day trades + 430 BPS.
11 multi-day trades + 845 BPS.
Stocks net + 1275 BPS.

Return on account for the week + 5.23 % net.
P:L ratio N/A.
Days traded: 2.5.
Longest trade duration: 8 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A short week due to the Christmas holiday.
The FTSE made another new low for 2018 on Thursday, following a hugely volatile day on Wall Street, when the Dow rallied over a thousand points.
We have another half day on Monday, before New Year's Day.

Just over double my 2.5% weekly benchmark, some really fast moves on the FTSE this week, had to be agile. I have no idea if we have made a bottom yet.

This chart shows the volatility on the FTSE cash:

Stay disciplined.

Stay focussed.

Stay humble.