Diary of an LSE stock trader

Thought I'd get this posted now, as apparently the world is due to end in 59 minutes.....

Summary Week Ended Friday 21st December 2012

7 stock trades:

3 AAL + 18.46 BPS

1 BG + 2.91 BPS

2 BLT + 15.41 BPS

1 STAN + 18.14 BPS

Stocks net + 54.91 BPS

4 long trades, 3 shorts, all intraday.

P:L ratio 3.34:1

No index trades.

Thoughts

A pretty quiet week.

I traded 3.5 days.

Markets remained in narrow ranges on lowish volumes. Next week is Xmas, so a shortened week for the LSE.

Still, a small profit for the week. Well off my 500 BPS weekly target, but we have to take whatever the markets offer.

Stay disciplined.

Stay focussed.
 
Thought I'd post a breakdown of my trades since October.

Each trade is categorised as follows:

Time trade is opened:

I 0800 - 0900

A 0900 - 1200

L 1200 - 1500

F 1500 onwards

C: Countertrend (ie long when price is below a 1 day MA, opposite for shorts)

T: Trend (long when price is above the 1 day MA, opposite for shorts)

The 'R' is for reversal, the 'B' for breakout.
 

Attachments

Summary Week Ended Friday 28th Dec 2012


Just 2 stock trades:

1 BLT + 1.86 BPS

1 STAN + 12.15 BPS

Stocks net + 14.01 BPS

All long trades, all intraday.

No index trades.



Thoughts

A pretty quiet week, LSE closed for 2.5 days dues to Christmas.

I traded 1 day.

Markets remained in narrow ranges on lowish volumes.

Not really worth the effort this week.



Stay disciplined.

Stay focussed.
 
LSE will close in 25 minutes, so I think I'm done trading for 2012.


Wishing readers (all 2 of them) a Happy New Year.
 
Summary Week Ended Friday 4th January 2013

11 stock trades:

3 AAL – 296.17 BPS

5 BLT + 17.51 BPS

3 XTA – 80.03 BPS

Stocks net – 358.68 BPS

3 long trades, 8 short, all intraday.

No index trades.

Thoughts

A very poor week’s trading, I was short too early on the first day of the trading year…

I traded 2 days.

Stay disciplined.

Stay focussed.
 
Summary Week Ended Friday 11th January 2013

11 stock trades:

2 ANTO + 43.48 BPS

7 BLT – 105.73 BPS

1 MKS + 17.04 BPS

1 STAN + 4.34 BPS

Stocks net – 40.88 BPS

All long trades, all intraday.

1 index trades:

FTSE + 1.64 BPS.

Thoughts

A poor week’s trading, gave back my profits on Friday when BLT gapped down after a downgrade. And I caught a nice level on MKS but raised my sell stop too soon, missing a nice rally.

I traded 5 days.

Stay disciplined.

Stay focussed.
 
Summary Week Ended Friday 18th January 2013

11 stock trades:

5 AAL - 771.32 BPS

1 BLT + 24.18 BPS

3 STAN - 88.49 BPS

2 XTA - 199.24 BPS

Stocks net – 1034.87 BPS

All long trades.

No index trades.

Thoughts

This week was pretty much a disaster, due to my holding two long trades overnight on AAL, which gapped down on Thursday morning. My position was actually in profit at the close on Wednesday.

This meant that my stop was exceeded, and I took a much bigger loss (three times as big) as I had planned.

As they say, shit happens.

I know I can recover from this setback, but it has knocked my confidence for six.

I traded 2 days.

Stay disciplined.

Stay focussed.
 
Hi
I understand you are trading S&R, but would be interested in learning more about how you initially filter out / identify stocks you are going to trade?
 
Hi Pachira,

I just maintain a list of stocks I watch day in, day out.

At the moment there are 16 stocks on my list, all large cap stocks on the LSE.

I keep a daily spreadsheet showing important levels on these stocks, and I have a rule to never trade anything NOT on the list.

http://www.elitetrader.com/vb/attachment.php?s=&postid=3700734

Having such a small universe has advantages as I see it:

Advantages:

I am very familiar with the way these stocks trade, the volumes they trade and having traded some of them many, many hundreds of times, taking a loss on a single trade on one of them doesn't affect my psychology too much.

Disadvantages:

I am going to miss good opportunities on other stocks.
The number of trading opportunities per day available to me is limited.

On balance, I find this methodology suits me.
 
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