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,

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Access via MIRC

OR......

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

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

All welcome.