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.

Trading Summary Week Ended 21st December 2018

40 Stock Trades:

5 AAL + 332 BPS.
2 BP + 89 BPS.
2 BHP + 120 BPS.
5 FRES + 198 BPS.
6 GLEN + 249 BPS.
1 MCRO + 20 BPS.
18 UK100 + 464 BPS.

21 long trades + 931 BPS.
19 short trades + 541 BPS.
29 intra-day trades + 903 BPS.
11 multi-day trades + 569 BPS.
Stocks net + 1472 BPS.

Return on account for the week + 5.67 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 27 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 FTSE made a new low for 2018 (so far) on Thursday, following a sell off on Wall Street after the Fed raised rates on Wednesday night. We saw some big moves on the indices.

A couple of very poor exits, especially on shorts.
Still, well above my 2.5% weekly benchmark.

Next week we have Christmas, and the LSE is closed for two and a half days, so I expect markets to be quieter, but you never know.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ending 14th December 2018

34 Stock Trades:

4 BP + 169 BPS.
3 MRCO + 37 BPS.
1 STAN + 14 BPS.
1 RR + 25 BPS.
1 RDSB + 8 BPS.
24 UK100 + 254 BPS.

6 long trades + 46 BPS.
28 short trades + 461 BPS.
28 intra-day trades + 312 BPS.
6 multi-day trades + 195 BPS.
Stocks net + 507 BPS.

Return on account for the week + 2.75 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 3 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quieter week on the equity markets.
Difficult trading conditions, I found it challenging to find good opportunities, and took a few pretty marginal trades.
A couple of very poor exits, especially on UK100 shorts.
Just above my 2.5% benchmark.

I still think we are due a rally, as were are now in the most bullish period of the year historically.

Hoping for some more decent trading opportunities next week which is really the last week of the year, although the market will be open for three days the following week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 7th December 2018

59 Stock Trades:

2 AAL + 45 BPS.
1 ANTO + 11 BPS.
2 BARC + 97 BPS.
5 BHP + 120 BPS.
4 BP + 213 BPS.
4 FRES + 75 BPS.
8 GLEN + 773 BPS.
2 STAN + 44 BPS.
31 UK100 + 666 BPS.

14 long trades + 218 BPS.
45 short trades + 1825 BPS.
47 intra-day trades + 982 BPS.
12 multi-day trades + 1062 BPS.
Stocks net + 2044 BPS.

Return on account for the week + 7.61 % net.
P:L ratio 18.8:1.
Days traded: 5.
Longest trade duration: 41 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very busy week on the equity markets. The FTSE made a new low for the year on Thursday, dipping below 6700 for a while.
We are due a rally I think, as were are now entering the most bullish period of the year historically.

Triple my 2.5% benchmark. Shorts were the order of the day, all rallies were being sold into.

I made some poor exits, especially one short where I forgot I had a limit buy order in and it got triggered overnight, so that I caught just 44 points on a move that would have resulted in two or three times that if I had just trailed a stop. I should have been at my desk at one in the morning when the market opened for that one...


Hoping for some more decent trading opportunities as we had for the year's end.

Stay disciplined.

Stay focussed.

Stay humble.

TEST

CRYPTO CURRENCY PRICES

Bitcoin...

Bitcoin Cash...

Ethereum...

Ripple...

Trading Summary Week Ended 30th November 2018

41 Stock Trades:

6 AAL + 274 BPS.
1 BARC + 12 BPS.
4 BHP + 553 BPS.
3 BP + 58 BPS.
6 FRES + 300 BPS.
9 GLEN + 455 BPS.
1 MCRO + 14 BPS.
11 UK100 + 68 BPS.

4 long trades + 30 BPS.
37 short trades + 1704 BPS.
35 intra-day trades + 1351 BPS.
6 multi-day trades + 383 BPS.
Stocks net + 1734 BPS.

Return on account for the week + 2.91 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 75 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week to close the month of November. Equity markets were volatile again.

Some decent trading opportunities, and above my 2.5% benchmark anyway. In BPS terms my best week of 2018 so far, beating last week's record by roughly 130 BPS.
The lower percentage return than last week reflects the fact that my trade size as a percentage of cash was lower.

During November I made 192 trades, 68 of which were FTSE 100 trades, the remainder being stocks.
It was my best month of 2018 in cash PNL terms, the net return was 14.44 %.


Hoping for some more decent trading opportunities as we enter December.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 23rd November 2018

36 Stock Trades:

1 AAL + 56 BPS.
6 BLT + 170 BPS.
1 BP + 179 BPS.
3 FRES + 492 BPS.
5 GLEN + 181 BPS.
9 MCRO + 368 BPS.
11 UK100 + 160 BPS.

10 long trades + 297 BPS.
26 short trades + 1309 BPS.
28 intra-day trades + 815 BPS.
8 multi-day trades + 791 BPS.
Stocks net + 1606 BPS.

Return on account for the week + 3.84 % net.
P:L ratio N/A.
Days traded: 3.
Longest trade duration: 10 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A shortened week for me, was away in Porto, Portugal from Thursday morning, although I did take my laptop and did manage a couple of trades on Thursday and Friday.

Above my 2.5% benchmark anyway, despite the short week. In fact in BPS terms my best week of 2018 so far.
Equity markets sold off on thursday and Friday.

Hoping for some more decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 16th November 2018

46 Stock Trades:

2 AAL + 68 BPS.
7 BLT + 395 BPS.
7 BP + 299 BPS.
6 FRES + 409 BPS.
6 GLEN + 164 BPS.
4 MCRO + 72 BPS.
1 RBS + 40 BPS.
13 UK100 + 145 BPS.

14 long trades + 554 BPS.
32 short trades + 1038 BPS.
29 intra-day trades + 838 BPS.
16 multi-day trades + 762 BPS.
Stocks net + 1592 BPS.

Return on account for the week + 3.73 % net.
P:L ratio 35.5:1.
Days traded: 5.
Longest trade duration: 210 days.
Shortest trade duration:  4 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets. We had some decent moves on the FTSE and the commodity shares.

Above my 2.5% benchmark anyway, despite some poor entries and exits. In terms of basis points, it was my best week of the year to date (not in ££ though).

Hoping for some more decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 9th November 2018

44 Stock Trades:

3 AAL + 50 BPS.
5 BLT + 85 BPS.
2 BP + 50 BPS.
1 BTA + 29 BPS.
2 GLEN + 48 BPS.
3 MCRO + 18 BPS.
1 STAN + 21 BPS.
27 UK100 + 95 BPS.

19 long trades + 215 BPS.
25 short trades + 181 BPS.
35 intra-day trades + 304 BPS.
9 multi-day trades + 92 BPS.
Stocks net + 396 BPS.

Return on account for the week + 1.45 % net.
P:L ratio 11.5:1.
Days traded: 5.
Longest trade duration: 7 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A tricky week on the equity markets.
Markets were generally weak, with the FTSE fining it difficult to stay above the 7100 level.
Stocks moved in narrow ranges, and I found few decent trades. Some very poor trades exits.

Well below my 2.5% benchmark.

Hoping for better trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 2nd November 2018

44 Stock Trades:

3 AAL + 249 BPS.
9 BLT + 268 BPS.
3 BP + 181 BPS.
5 BTA + 81 BPS.
1 FRES + 56 BPS.
4 GLEN + 88 BPS.
3 STAN + 139 BPS.
11 UK100 + 102 BPS.

14 long trades + 569 BPS.
30 short trades + 682 BPS.
39 intra-day trades + 752 BPS.
5 multi-day trades + 499 BPS.
Stocks net + 1251 BPS.

Return on account for the week + 2.92 % 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

This week we saw a strong rally on the equity markets. The FTSE came close to testing the 7200 level on Friday morning before dropping back later in the day.
Stocks were volatile again, including BP and RD Shell after both reported Q3 results.
A difficult week's trading. North of my 2.5% benchmark anyway.

October proved to be a decent month for my trading, I made 190 trades (71 long, 119 short), for a net return of a smidgen over 17%. The P:L ratio was 10.9:1.
I made 75 trades on the FTSE for a total profit of  953 points.
This was my best month of 2018 so far.

Hoping for some decent trading opportunities going into November.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 26th October 2018

53 Stock Trades:

4 AAL - 332 BPS.
7 BLT + 331 BPS.
7 BP - 169 BPS.
8 FRES + 630 BPS.
2 GLEN + 275 BPS.
1 MCRO + 11 BPS.
1 RR + 77 BPS.
3 STAN + 185 BPS.
20 UK100 + 496 BPS.

14 long trades - 8 BPS.
39 short trades + 1512 BPS.
34 intra-day trades + 1121 BPS.
19 multi-day trades + 383 BPS.
Stocks net + 1504 BPS.

Return on account for the week + 5.23 % net.
P:L ratio 5.5:1.
Days traded: 5.
Longest trade duration: 190 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another sell off on the equity markets. The FTSE made a new low for the last few months at 6885 on Thursday,  just above the March 2018 low, before rallying back to 7000. Then the market sold off again on Friday afternoon to make a new low for the year.

Both BP and RD Shell fell over 7% on the week, that's a big chunk of the FTSE. The big banks HSBA, BARC, RBS, LLOY and STAN were very weak too.

A very difficult week's trading. Fifty - three trades is a record for 2018 for me, a very busy week.

I left a lot of money on the table closing shorts early though.  The negative net result for long trades says a lot about the state of the market at the moment - shorts were the way to go this week, any rally is being sold very quickly. I do think we could have a strong rally soon though.

Twice my weekly 2.5% benchmark, even though I made some poor trade entries and exits.

Hoping for some decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 19th October 2018

40 Stock Trades:

6 AAL + 256 BPS.
4 BLT + 101 BPS.
5 BP + 169 BPS.
7 FRES + 290 BPS.
1 GLEN + 31 BPS.
1 RR - 221 BPS.
16 UK100 + 285 BPS.

13 long trades + 261 BPS.
27 short trades + 650 BPS.
31 intra-day trades + 984 BPS.
9 multi-day trades - 73 BPS.
Stocks net + 911 BPS.

Return on account for the week + 3.11 % net.
P:L ratio 18.7:1.
Days traded: 5.
Longest trade duration: 5 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week on the equity markets. The FTSE made a new low for the last few months at 6961 on Monday, still a hundred points above the March 2018 low though.

I'm wondering if we are due a rally soon, the fourth quarter has been by far the strongest since January 2000, with an average gain of 3.47% for the index. In fact it's the only quarter that has been positive on average (the first quarter has been the worst, with an average loss of 1.2%).

Just north  of my weekly 2.5% benchmark. Made some poor trade entries and exits.

Hoping for some decent trading opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.