Diary of an LSE stock trader

Trading Summary Week Ended 3rd Feb 2017

4 Stock Trades:


2 BARC + 41.60 BPS.
1 BT.A + 15.76 BPS.
1 GLEN + 29.95 BPS.

2 long trades + 51.36 BPS.
2 short trades + 35.24 BPS.
All intraday trades.
No overnight trades.
Stocks net + 86.60 BPS.
Return on account for the week + 2.19 % net.

P:L ratio N/A.

I traded 4 days this week.

No Index trades.


Thoughts


A tricky week, couldn't find many decent opportunities. Below my 2.5% weekly target.
Hoping for better results next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 10th Feb 2017

7 Stock Trades:


2 BARC + 64.85 BPS.
1 BLT + 70.11 BPS.
2 BP + 33.98 BPS.
2 GLEN + 27.23 BPS.

5 long trades + 174.74 BPS.
2 short trades + 21.42 BPS.
6 intra-day trades + 126.05 BPS.
1 overnight trade + 70.11 BPS.
Stocks net + 196.16 BPS.
Return on account for the week + 3.68 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 2 days.
Shortest trade duration: 1 minute.
No Index trades.

Thoughts

A better week, the miners, oils and banks all saw some decent volatility.
Exceeded my 2.5% weekly target.
I made a couple of very poor (premature) exits, the net BPS figure could have been double, but that's trading. Miners had a pop on Friday after stronger then expected trade data from China.
Hoping for some opportunities next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Last edited:
Trading Summary Week Ended 17th Feb 2017

5 Stock Trades:

2 AAL + 191 BPS.
1 BARC + 18 BPS.
2 BLT + 97 BPS.

2 long trades + 45 BPS.
3 short trades + 262 BPS.
4 intra-day trades + 140 BPS.
1 overnight trade + 167 BPS.
Stocks net + 306 BPS.
Return on account for the week + 3.17 % net.
P:L ratio N/A (no losing trades).
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration: 3 minutes.
No Index trades.

(All P/L expressed in basis points for the purpose of comparison.)

Thoughts


Not a bad week, although not many trade opportunities.
The miners and banks saw some decent volatility.
A couple of poor entries and exists.
Equities were strong early in the week, as the US indices made new all time highs. Not sure how long this bull run can continue, but it's not wise to fight it...
Bullish metals prices driving the miners too.
I exceeded my 2.5% weekly target.

Hoping for some opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 24th Feb 2017

13 Stock Trades:

5 AAL + 135 BPS.
1 BARC + 16 BPS.
2 BLT + 26 BPS.
1 GLEN + 52 BPS.
1 HSBA + 3 BPS.
2 RBS + 36 BPS.
1 STAN + 16 BPS.

9 long trades + 180 BPS.
4 short trades + 104 BPS.
12 intra-day trades + 272 BPS.
1 overnight trade + 12 BPS.
Stocks net + 284 BPS.
Return on account for the week + 3.63 % net.
P:L ratio N/A (no losing trades).
Days traded: 5.
Longest trade duration: overnight.
Shortest trade duration: 2 minutes.
No Index trades.

(All P & L expressed in basis points for the purpose of comparison.)

Thoughts

A very difficult week, struggled to make decent trades.

A couple of very poor entries and exists (shorted AAL at more or less the early high of the day and moved my stop down way too soon). Also managed to lock myself out on Thursday morning so managing an overnight position I had was somewhat tricky (!).

Stocks saw a very sharp sell-off on Thursday afternoon. Not sure what sparked that move. Friday was very volatile as well. The miners were very volatile.

Over my 2.5% weekly target.

I have been trying out a new charting package this week - Tradingview.com. The charts are pretty good, although I'm still not fully up to speed with the site. I was using MT4 but I can't find a decent feed for all the markets I watch.

Hoping for some opportunities, (and fewer domestic issues) next week.


Stay disciplined.
Stay focussed.
Stay humble.
 
Here's a trade from Friday afternoon.

Long GLEN @ 317.76.
Support shown on the hourly chart (left).
I had + 50 BPS as the first target - 319.35.
So when possible, I raised my stop to that level. Target was way higher, I even thought it might get back to 330 - 340...
So I got stopped out for + 52 BPS.
But missed a further possible 200 BPS as it hit 327 shortly after.
Tricky old market.
Should I wait until the trade is up 100 BPS before moving the stop up...?
 

Attachments

  • GLEN 20170224.jpg
    GLEN 20170224.jpg
    290.4 KB · Views: 40
Trading Summary Week Ended 3rd Mar 2017

10 Stock Trades:

3 AAL + 110 BPS.
3 BLT + 105 BPS.
4 GLEN + 65 BPS.

4 long trades + 48 BPS.
6 short trades + 232 BPS.
6 intra-day trades + 163 BPS.
4 multi-day + 117 BPS.
Stocks net + 280 BPS.
Return on account for the week + 3.98 % net.
P:L ratio N/A (no losing trades).
Days traded: 5.
Longest trade duration: 4 days.
Shortest trade duration: 3 minutes.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A really difficult week, some pretty poor trade entries and exits.
Still, managed to exceed my 2.5% weekly target.
Markets saw a huge rally after president Trump's speech on Tuesday night.
Lots of volatility on the mining stocks, in the US Alcoa was up nearly 10% on Wednesday.
Of course this didn't last, and the sector saw a sell off at the end of the week.
Overall pretty pleased with my net result after a challenging week.

It's a lovely sunny Friday morning here, and I fancy an afternoon off cycling along the coast.
Hoping for some opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.
 

Trading Summary Week Ended 10th Mar 2017

15 Stock Trades:


3 AAL + 35 BPS.
2 BARC + 16 BPS.
2 BLT + 34 BPS.
2 BP + 77 BPS.
2 GLEN + 105 BPS.
2 RDSB + 51 BPS.
2 SL + 28 BPS.

9 long trades + 228 BPS.
6 short trades + 118 BPS.
12 intra-day trades + 248 BPS.
2 multi-day trades + 98 BPS.
Stocks net + 346 BPS.
Return on account for the week + 4.90 % net.
P:L ratio N/A (no losing trades).
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration: 2 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A decent week's trading.
Well north of my 2.5% weekly target.
Miners saw a big sell - off on Thursday, as did crude and oil stocks. Oils bounced back on Friday as the price of crude found some strength. BP spiked up on Friday after bid rumours naming Exxon as a possible bidder.
Friday we had US payrolls. So a volatile end to the week.
Some very poor entries and exits (including shorting AAL at over 1233 and closing for a couple of points, a couple of days later it dropped to the 1140s).
That's trading I suppose.

Hoping for some opportunities next week.



Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 17th Mar 2017

11 Stock Trades:

4 AAL + 223 BPS.
6 BLT + 77 BPS.
1 GLEN + 45 BPS.

3 long trades + 138 BPS.
8 short trades + 207 BPS.
7 intra-day trades + 158 BPS.
4 multi-day trades + 187 BPS.
Stocks net + 345 BPS.
Return on account for the week + 4.84 % net.
P:L ratio N/A (no losing trades).
Days traded: 5.
Longest trade duration: 4 days.
Shortest trade duration: 2 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week's trading.
Equities on my watch list traded in pretty narrow ranges. Hard to spot opportunities.
BP declined after last weeks bid speculation - I guess I could have held my short over the weekend but that seemed a bit risky given that the bid could have been announced and the shares could have gapped up 10%.

Miners were very active on Thursday after AAL jumped up over 10% on bid news, the other miners were also very volatile. I shorted AAL but closed too early. Ditto BLT - I practically shorted the high of the week. BLT was very challenging to trade this week, felt like the algos were playing games with it (which they probably were).

Well north of my 2.5% benchmark. I'm up over 13% for the month and I don't want to give any of that away, so I'll be vary selective in my trades during the next two weeks.

Hoping for some opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 24th Mar 2017

9 Stock Trades:

6 AAL + 77 BPS.
2 BARC + 23 BPS.
1 BLT + 19 BPS.

5 long trades + 72 BPS.
4 short trades + 47 BPS.
9 intra-day trades + 119 BPS.
No multi-day trades .
Stocks net + 119 BPS.
Return on account for the week + 1.84 % net.
P:L ratio N/A (no losing trades).
Days traded: 5.
Longest trade duration: 360 min.
Shortest trade duration: 4 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another difficult week's trading.
Equities on my watch list traded in pretty narrow ranges. Hard to spot opportunities.
And I had other non trading stuff to attend to.
Well short of my 2.5% benchmark. I'm up a decent percentage for the month and I don't want to give any of that away, so I'll be vary selective in my trades during the last week of March.

Hoping for some opportunities next week.


Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 31st Mar 2017

15 Stock Trades:

5 AAL + 148 BPS.
8 GLEN + 194 BPS.
2 RIO + 12 BPS.

4 long trades + 74 BPS.
11 short trades + 280 BPS.
10 intra-day trades + 274 BPS.
5 multi-day trade + 80 BPS.
Stocks net + 354 BPS.
Return on account for the week + 5.3 % net.
P:L ratio 181:1.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration: 3 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A busy week's trading.

We saw plenty of volatility on the mining sector, and crude oil was weak early on, although it rallied into the weekend.
Well north of my 2.5% benchmark.

Hoping for some opportunities in April.


Stay disciplined.
Stay focussed.
Stay humble.
 
You must log in or register to reply here.
Back
Top