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.

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.

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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.