Diary of an LSE stock trader

Trading Summary Week Ended 12th June 2020

50 Trades:

2 GLEN - 2,028 BPS.
1 MTRO + 4,969 BPS.
47 UK100 + 1,907 BPS.

16 long trades - 110 BPS.
34 short trades + 4,958 BPS.
39 intra-day trades + 391 BPS.
11 multi-day trade + 4,457 BPS.
Total trades net + 4,848 BPS.
Return on account for the week + 1.74 % net.
P:L ratio 6.1:1.
Days traded: 5.
Longest trade duration: 586 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets again, with the FTSE making another post COVID19 high of 6511.84 on Monday.
Markets sold off sharply on Thursday, following the US indices, the FTSE briefly breaking below 6000 on Friday morning, before staging a bounce.

Commodity stocks were volatile - RD Shell fell over 16.5 % from the high on Monday to Friday's low, BP over 17 %.

Over the week, the FTSE lost 379 points, or 5.85 %.

Trading conditions were difficult, and I made a few very poor exits (this week on shorts).
68 % of trades were on the short side this week.

Below my 2.5% weekly benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 19th June 2020

41 Trades:

1 GLEN + 494 BPS.
40 UK100 - 1,254 BPS.

15 long trades - 1,730 BPS.
26 short trades + 970 BPS.
34 intra-day trades + 258 BPS.
7 multi-day trade - 1,018 BPS.
Total trades net - 760 BPS.
Return on account for the week - 1.36 % net.
P:L ratio 0.4:1.
Days traded: 5.
Longest trade duration: 136 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.
The week started in a fairly bearish mode, with the FTSE breaking below 6,000 on Monday morning, before rallying above 6,300 on Wednesday, then making highs post expiry on Friday.

Over the week, the FTSE gained 187 points, or 3.07 %.

Here is a daily chart of the FTSE, showing the rebound off the March lows:

UK10020200619.png


So we are still below the 0.618 retracement on this chart.

Not a great week for me.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 26th June 2020

25 Trades:

3 FRES - 14,002 BPS.
1 GLEN + 127 BPS.
21 UK100 - 952 BPS.

9 long trades - 1,746 BPS.
16 short trades - 13,081 BPS.
13 intra-day trades + 64 BPS.
12 multi-day trade - 14,891 BPS.
Total trades net - 14,827 BPS.

Return on account for the week - 2.23 % net.
P:L ratio 0.22:1.
Days traded: 5.
Longest trade duration: 512 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A very challenging week on the equity markets.

The FTSE fell sharply midweek, dropping over 3% on Wednesday, then dropping further on Thursday, to test the 6030 zone, before rallying back above 6200 on Friday.

Over the week, the FTSE lost 133 points, or 2.12 %.

Not a great week for me, booked some losses on a couple of very poor positions on FRES.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 3rd July 2020

12 Trades:

12 UK100 + 372 BPS.

12 long trades + 372 BPS.
No short trades.
10 intra-day trades + 185 BPS.
12 multi-day trade + 187 BPS.
Total trades net + 372 BPS.

Return on account for the week + 0.34 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

Over the week, the FTSE lost just 2 points, or 0.03 %.

Not a very good week for me, well below my 2.5% benchmark.

During June, I made 151 trades and a net return of 0.82 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 10th July 2020

12 Trades:

3 BHP - 7,313 BPS.
9 UK100 - 210 BPS.

3 long trades - 1,947 BPS.
9 short trades - 5,576 BPS.
6 intra-day trades + 24 BPS.
6 multi-day trades - 7,547 BPS.
Total trades net - 7,523 BPS.

Return on account for the week - 1.68 % net.
P:L ratio 0.08:1.
Days traded: 5.
Longest trade duration: 588 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

We saw a sell-off on Thursday, before a rally on Friday. Oil stocks were hit.
Over the week, the FTSE lost 62 points, or 1.01 %.

Not a very good week for me, well below my 2.5% benchmark.

During June, I made 151 trades and a net return of 0.82 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 17th July 2020

10 Trades:

1 BP + 599 BPS.
2 FRES + 1,221 BPS.
7 UK100 + 270 BPS.

9 long trades + 1,491 BPS.
1 short trades + 599 BPS.
6 intra-day trades + 62 BPS.
6 multi-day trades + 2,028 BPS.
Total trades net + 2,090 BPS.

Return on account for the week + 0.45 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 363 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

The FTSE rallied 195 points or 3.2 % over the week, commodity stocks were strong with RIO and FRES making new 52 week highs. Gold and silver also saw more strength.

Not a very good week for me, I closed a long way too soon, and also missed some good long opportunities. Well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 24th July 2020

12 Trades:

1 FRES + 530 BPS.
11 UK100 + 117 BPS.

10 long trades + 588 BPS.
2 short trades + 59 BPS.
9 intra-day trades + 53 BPS.
3 multi-day trades + 594 BPS.
Total trades net + 647 BPS.

Return on account for the week + 0.19 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 18 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week on the equity markets.

Equities sold off on Thursday and Friday, whilst precious metals rallied, gold neared the $ 1900 level, whist silver traded above $ 23. The Gold/silver ratio has fallen from the 120 level we saw in March, back to the low 80s.

Attached daily chart of silver shows the huge rise from the recent lows.

Screenshot from 2020-07-25 09-26-29.png

As someone who owns a few ounces of silver, this was pleasing.

The strength of precious metals saw FRES making new 52 week highs this week.
For the week, the FTSE lost 166 points, or 2.65 %.

A poor week's trading for me.
Well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Last edited:
Trading Summary Week Ended 31st July 2020

14 Trades:

2 FRES + 1,223 BPS.
12 UK100 + 1,550 BPS.

5 long trades + 851 BPS.
9 short trades + 1,922 BPS.
7 intra-day trades + 252 BPS.
3 multi-day trades + 2,521 BPS.
Total trades net + 2,773 BPS.

Return on account for the week + 1.82 % net.
P:L ratio 6.14:1.
Days traded: 4.
Longest trade duration: 338 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A volatile week on the equity markets.

Equities sold off on Thursday, with the FTSE breaking below the important 6000 level, commodity stocks and the banks were very weak. Then on Friday the index broke the previous day's low, closing at 5897.76.
For the week, the FTSE lost 226 points, or 3.69 %.

I made some poor trade exits, well below my 2.5% benchmark.

For the month of July, I made 58 trades and a net return of 1.10 %.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
Trading Summary Week Ended 7th August 2020

14 Trades:

2 BP + 37 BPS.
12 UK100 + 165 BPS.

3 long trades - 168 BPS.
11 short trades + 370 BPS.
7 intra-day trades + 134 BPS.
7 multi-day trades + 68 BPS.
Total trades net + 202 BPS.

Return on account for the week + 0.15 % net.
P:L ratio 1.54:1.
Days traded: 5.
Longest trade duration: 40 days.
Shortest trade duration: 8 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A difficult week on the equity markets.

Equities sold off early in the week, with the FTSE briefly breaking below 5,860, before rallying strongly above 6,100.

For the week, the FTSE gained 134 points, or 2.28 %. The index is still below the 50 DMA and the 200 DMA, unlike the SPX, which is making post COVID 19 highs.

BP announced a dividend cut, also GLEN cancelled the dividend, as the COVID 19 situation badly affected revenues.
Precious metals were strong again, with gold breaking the $ 2,000 level for the first time, and silver trading above $ 28. Silver has more than doubled since the March lows.

I made some poor trades, well below my 2.5% benchmark.

Looking forward to better trading next week.

Stay disciplined.
Stay focussed.
Stay humble.
 
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