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.