Shell Chart 28th August 2013

4 Hour chart:

Summary Week Ended Friday 23rd August 2013

19 stock trades:



12 BLT + 3.56 BPS

1 BP + 9.12 BPS

1 RIO + 8.05 BPS

4 STAN + 88.82 BPS




Stocks net  + 109.55 BPS


All long trades, intraday and overnight.

No Index trades.

I traded 4 days this week.



Thoughts

Another tough week, still a modest net profit. BLT was a difficult trade this week, after results came out on Tuesday morning, and I barely broke even on it.

We saw a lot of volatility on Wall Street this week, the ES tested the 1650s and then sold off very sharply (see chart).

Next week is a shortened week on the LSE due to the Monday bank holiday.




Stay disciplined.

Stay focussed.

FTSE 100 Stocks Heatmap 22nd August 2013

ES 21st August 2013

Sunday 18th August 2013

A day trip to Roquebrune and Cap Martin

Summary Week Ended Friday 16th August 2013

13 stock trades:

2 BG + 22.22 BPS

7 BLT + 70.24 BPS

2 STAN - 1.20 BPS

2 RDSA - 31.11 BPS




Stocks net  + 60.15 BPS


Long and short trades, intraday and overnight.

No Index trades.

I traded 5 days this week.



Thoughts

A very tough week, I was fortunate to end the week with a small net profit.
We saw a fairly steep sell-off on Thursday following weakness on Wall Street.

Very premature exits on STAN longs on Friday morning meant me missing a lovely rebound (see chart)...

Hopefully I will trade better next week.




Stay disciplined.

Stay focussed.

FTSE August

Summary Week Ended Friday 9th August 2013

14 stock trades:

4 BLT + 40.51 BPS

4 BP - 1.94 BPS

4 HSBA + 100.59 BPS

1 RDSA + 20.79 BPS

1 STAN + 42.46 BPS

Stocks net  + 202.41 BPS

Long and short trades, intraday and overnight.

No Index trades.

I traded 5 days this week.



Thoughts

A tricky week' trading. My poor enties on BP meant I basically got out at break even on that stock. HSBA was better, although I should have gone long again when I spotted that it was likely to find support near the 200 DMA, which it did see red line on the chart:

Miners finished the week very strongly, and I missed a few nice long entries in that sector.

Volumes were light, I guess some people take holidays at this time of year.....

Well below my 500 BPS weekly target, but still a profit is better than a loss.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 2nd August 2013

12 stock trades:

4 BARC + 172.20 BPS

2 BLT + 26.46 BPS

5 BP + 56.29 BPS

1 RDSA + 10.81

Stocks net  + 265.76 BPS

Long and short trades, all intraday.

No Index trades.

I traded 4 days this week.



Thoughts

A quietish week. My premature exits on BP cost me quite a lot of missed profit.

Miners were fairly quiet this week, BLT traded in a pretty narrow range, with resistance above 1920 and support around 1865.

Still a profit is better than a loss.

Here's the BP chart:

Stay disciplined.

Stay focussed.

BP Chart 30th July 2013

Summary Week Ended Friday 26th July 2013

12 stock trades:

9 BLT + 89.77 BPS

3 GLEN - 162.78 BPS

Stocks net  - 73.00 BPS

Long and short trades, intraday and overnight.

No Index trades.

I traded 5 days this week.



Thoughts

A difficult week, although I actually made a small overall £ profit, since my trades in GLEN were very small size compared to BLT, as this is the first time I have traded GLEN (GLEN recently merged with Xstrata which I used to trade quite regularly). My exits on GLEN were very poor.

Quite a volatile week all in all, FTSE was down 75 from last Friday.




Stay disciplined.

Stay focussed.

Summary Week Ended Friday 19th July 2013

4 stock trades:

4 BLT + 30.25 BPS

Stocks net  + 30.25 BPS

All intraday trades.

No Index trades.

I traded 3 days this week.



Thoughts

Another shortened week for me. I struggled to find trades this week.

There was also the distraction of some great mountain stages on the  Tour De France.



Stay disciplined.

Stay focussed.

Summary Week Ended Friday 12th July 2013

8 stock trades:

8 BLT + 155.55 BPS

Stocks net  + 155.55 BPS

All intraday, long and short trades.

No Index trades.

I traded 3 days this week.



Thoughts

Another shortened week this week. Markets headed higher but the FTSE is still well below the highs it reached in May.

Still a modest profit for the week.

Stay disciplined.

Stay focussed.

BLT 5th July 2013

Summary Week Ended Friday 5th July 2013

6 stock trades:

1 BARC + 27.05 BPS

5 BLT + 47.36 BPS

Stocks net  + 74.41 BPS

All intraday, long and short trades.

No Index trades.

I traded 3 days this week.



Thoughts

A quiet week's trading, I was out all day on Tuesday and Wednesday and so missed a big early sell off and reaction rally.

Miners sold off on Friday.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 28th June 2013

7 stock trades:

3 BARC + 11.17 BPS

4 BLT - 86.44 BPS

Stocks net  - 75.28 BPS

Long and short trades.

No Index trades.

I traded 3 days this week.



Thoughts

A poor week's trading, I was away in the UK until Tuesday.


Stay disciplined.

Stay focussed.

Summary Week Ended Friday 21st June 2013

6 stock trades:

1 BP + 4.38 BPS

5 BLT + 65.53 BPS

Stocks net  + 69.91 BPS

All long, intraday trades.

No Index trades.

I traded only 2 days this week.



Thoughts

Another negative week on stock markets. FTSE closed below the 200 DMA for the first time since November 2012.

Well short of my 500 bps weekly target, but a profit is a profit I guess.


Stay disciplined.

Stay focussed.

Summary Week Ended Friday 14th June 2013

12 stock trades:

2 BARC + 13.37 BPS

10 BLT + 86.29 BPS

Stocks net  + 99.66 BPS

All long, intraday trades.

No Index trades.

I traded 3 days this week.



Thoughts

We saw quite a sell off in the FTSE & Dax. Banks weak as were miners.

Well short of my 500 bps weekly target, but a profit is a profit I guess.


Stay disciplined.

Stay focussed.

Summary Week Ended Friday 7th June 2013

3 stock trades:

3 BLT + 44.74 BPS

Stocks net  + 44.74 BPS


No Index trades.




I traded 2 days, was busy the rest of the week (and therefore missed the sell off).



Stay disciplined.

Stay focussed.

Summary Week Ended Friday 31st May 2013

8 stock trades:

3 BARC + 34.48 BPS

5 BLT + 78.04 BPS

Stocks net  + 112.52 BPS


Index trades:

6 FTSE + 23.36 BPS

Long & short trades, all intraday.


Net total + 135.89 BPS

I traded 4 days, Monday was a bank holiday in the UK.

Thoughts

A better week, still well short of my 500 bps weekly target.

FTSE was weaker, but it's still up for twelve consecutive months, which is a record.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 24th May 2013

6 stock trades:

4 BLT + 67.55 BPS

2 HSBA + 21.01 BPS

Stocks net  + 88.56 BPS

Long & short trades, all intraday.

Index trades:

9 FTSE - 555.08 BPS

Net total - 466.52 BPS

I traded 5 days.

Thoughts

A really poor week, my stock trades made a modest profit, but I traded the FTSE very poorly, shorting a very strong market, and paid the price.

Both the FTSE & Dax made new 52 week highs this week.

Stay disciplined.

Stay focussed.

FTSE and the 200 DMA

Summary Week Ended Friday 17th May 2013

13 stock trades:

6 BLT + 44.78 BPS

1 BP + 15.09 BPS

6 STAN - 110.91 BPS

Stocks net  - 51.03 BPS

Long & short trades, all intraday.

Index trades:

9 FTSE + 29.87 BPS

Net total - 21.17 BPS

I traded 5 days.

Thoughts

A poor week really, and again STAN cancelled my profits on other stocks and on the FTSE.
Both the FTSE & Dax made new 52 week highs, although this was not reflected in the mining stocks.

A very strong finish to the week, be interesting to see how far this rally can go.

Stay disciplined.

Stay focussed.

Dax Chart 17th May 2013

STAN DAILY CHART

Summary Week Ended Friday 10th May 2013

16 stock trades:

3 BP + 62.33 BPS

13 STAN - 935.23 BPS

Stocks net  - 872.90 BPS

Long & short trades, intraday & overnight.

Index trades:

1 FTSE + 8.15 BPS

Net total - 864.75 BPS

I traded 4 days, Monday was a bank holiday.

Thoughts

A really poor week, I was short STAN near the weekly highs, but closed the trade because results were due out the following morning, and there was some strength in the stock. The following morning (Thursday) STAN gapped down from 1700 to 1641.5. I went long for the reversal, which never appeared. It could have been worse I suppose, and fortunately STAN didn't gap down on Friday morning.

Meanwhile, both the FTSE & Dax made new 52 week highs on Friday. The FTSE closed above 6600, last time it did that was Nov 2007.

I will recover from this loss, but it certainly gave my confidence a knock.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 3rd May 2013

9 stock trades:

5 BLT + 65.98 BPS

1 STAN + 49.25 BPS

1 VOD + 2.60 BPS

2 XTA + 26.65 BPS

Stocks net  + 144.49 BPS

Long & short trades, all  intraday.

Index trades:

1 Dax + 2.84 BPS

Net Total + 147.33 BPS

P:L Ratio 21:1

I traded 4 days.

Thoughts

A fairly quiet market with Europe closed on the 1st for May day

US payrolls on Friday resulted in a very strong rally with both the FTSE & Dax making new 52 week highs. Miners also reversed their recent weakness.

The GLEN/XTA merger went ahead and hence XTA is no more, which is rather sad for me.

Well short of my 500 BPS weekly target, but still a modest profit.

Stay disciplined.

Stay focussed.

New UK Traders' Chatroom Available....

I have created a group called #TRADERS,

Server is punch.va.us.dal.net

Access via MIRC

OR......

To get this in a browser tab instead of fiddling around in MIRC, just go to:

https://kiwiirc.com/client

put #TRADERS as the channel, and copy the server address into the server and network dropdown.

All welcome.

Daily Spreadsheet CoB 29th April 2013

Summary Week Ended Friday 26th April 2013

14 stock trades:

2 BARC + 8.49 BPS

8 BLT + 42.90 BPS

4 XTA + 102.05 BPS

Stocks net  + 153.45 BPS

Long & short trades, all  intraday.

No index trades.

I traded 4 days, was busy with other stuff on Monday.

Thoughts

A choppy market this week, missed a great BARC long by raising my stop too early – it went from 292 to 316.
Miners have been fairly volatile.

Well short of my 500 BPS weekly target, but still a modest profit.

Stay disciplined.

Stay focussed.

The Gold Rebound...

Summary Week Ended Friday 19th April 2013

3 stock trades:

2 BLT + 19.87 BPS

1 STAN + 39.60 BPS

Stocks net  + 59.46 BPS

All long trades, all  intraday.

No index trades.

I traded 1 day, was busy the rest of the week.

Thoughts

I missed the sell off on the miners early in the week, should be back next week.

Well short of my 500 BPS weekly target, but still a modest profit.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 12th April 2013

No stock trades.

2 index trades:

FTSE + 10.56 BPS

Net total  + 10.56 BPS

I traded 1 day.

Thoughts

Was busy most of the week so very little trading

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 5th April 2013

No trading this week, I was otherwise occupied.

Summary Week Ended Friday 28th March 2013

9 stock trades:

9 BLT + 35.77 BPS

Stocks net  + 35.77 BPS

Long & short trades, intraday & overnight.

1 index trade:

FTSE + 4.24 BPS

Net total  + 40.01 BPS

I traded 4 days (Friday was a holiday).

Thoughts

A very difficult week’s trading.

Poor entries and exits, I was too jumpy, like the markets.

Well short of my 500 BPS weekly target, missed a few nice trades on BP and BARC because I was watching the miners.

Stay disciplined.

Stay focussed.

BG 27th March 2013

Summary Week Ended Friday 22nd March 2013

17 stock trades:

4 BARC – 73.88 BPS

11 BLT - 81.62 BPS

2 XTA + 105.88 BPS

Stocks net  - 49.62 BPS

Long trades, intraday & overnight.

2 index trades:

FTSE + 2.51 BPS

Net total  - 47.10 BPS

I traded 5 days.

Thoughts

A very difficult week, with the market reacting to the news coming from Cyprus.

Miners were very weak, BLT has been down for 8 consecutive days at the close on Friday. That hasn't been seen since August 2011, after which it recovered more than 20% from its low.

I should be thankful that my losses were pretty moderate, less than half of one percent, although I should have been MUCH more active on the short side.

Stay disciplined.

Stay focussed.

The Big Lebowski, reimagined

I love this poster...

Summary Week Ended Friday 15th March 2013

10 stock trades:

1 BARC + 6.44 BPS

1 BLT + 4.31 BPS

8 STAN – 420.30 BPS

Stocks net  - 409.30 BPS

Both long and short trades, all intraday.

4 index trades:

FTSE + 25.27 BPS

Net total  - 384.28 BPS

I traded 4 days.

Thoughts

A poor week’s trading, I made a basic error on STAN on Wednesday, not realising it was ex-div (a whopping 38p) and went long too early, in the process getting stopped out at the low of the day. It was also downgraded. I think I was guilty of 'revenge trading' on STAN. Of course, it recovered the next day..

FTSE & Dax made new 52 week highs, following new all time highs on the Dow. SPX has not made a new high though. FTSE went negative later on Friday.

New of the Cyprus bank ‘bailout’ came out after Friday’s close, so that could be a mover on Monday. I expect gold to do well.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 8th March 2013

5 stock trades:

2 BLT + 15.93 BPS

3 STAN + 51.17 BPS

Stocks net  + 67.10 BPS

Index trades:

4 FTSE + 12.22 BPS

Total net + 79.32 BPS

Both long and short trades, all intraday.

I traded 5 days this week.

Thoughts

This week was rather quiet, FTSE & Dax made new 52 week highs, following new all time highs on the Dow. SPX has not made a new high though.

I missed a perfect 1^st hour reversal trade on AV this week after they cut the dividend, but then AV isn’t on my watch list. Oh well.

Had a few technical problems this week. Well below my 500 BPS weekly target profit this week. At least I showed a profit every day this week.

Miners have held up, and banks are still in bullish mode.

Friday's Non - farm payrolls beat estimates, markets rallied, then sold off after that.

Stay disciplined.

Stay focussed.

STAN 6th Mar 2013

Summary Week Ended Friday 1st March 2013

3 stock trades:

1 MKS – 89.46 BPS

1 RBS + 12.86 BPS

1 XTA + 133.38 BPS

Stocks net  + 56.79 BPS

All long trades, all intraday.

1 index trade:

FTSE + 3.2 BPS

I traded 3 days.

Thoughts

This week was volatile, stocks sold off heavily on Monday night, so gaps down on Tuesday, but rallied from there. Missed some good long entries.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 15th February 2013

9 stock trades:

5 BLT – 283.02 BPS

4 BP – 26.48 BPS

Stocks net  - 309.5 BPS

All long trades, all intraday.

No index trades.

I traded 2 days.

Thoughts

This week was a bit difficult. Poor enties and exits.

Stay disciplined.

Stay focussed.

Using Google Docs to feed prices from the LSE

This is quite a nice way of monitoring stocks.

Summary Week Ended Friday 8th February 2013

3 stock trades:

1 BLT + 24.97 BPS

1 STAN + 45.94 BPS

1 XTA + 19.71 BPS

Stocks net  + 90.62 BPS

All long trades, intraday except STAN.

No index trades.

I traded 2.5 days.

Thoughts

This week was a bit quiet, spent most of my time watching and sitting back, but then where there’s no trade, better to be patient. I also was busy with other stuff.

I am focussing on my ‘Core’ list of stocks, since I have a proven history of trading these stocks profitably.

Stay disciplined.

Stay focussed.