Lee Shepherd's Trading Diary

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Old Sep 3, 2017, 11:48am   #153
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Ya open losses is important to know about , but also the all time peak to trough max drawdown on the account - MTM - . Not talking about your specific account just in general , these figures are important .
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Old Sep 29, 2017, 5:23pm   #154
 
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Lee Shepherd started this thread I'm keeping this months results short - very short.

Total points = 3,660.84 – feel free to add any pounds per points to this as your account allows.
It’s been a ridiculously exceptional month, in fact that would be a huge understatement.

I’m going against posting any trade values this month and that includes the trades. I will only post the points, you can feel free to add as many pounds per points to them figures as you wish. For example, if you feel I played on only £5 per point, the total for the month would equal £18,304.20 - but I don't play £5pp. For all others that have viewed this trading diary over the (almost) 10 years I’ve been posting, know I use higher values and can be seen from the screenshots.

Let’s just say that I have had a criminal months earnings and leave it at that – but also bear in mind that you are only as good as your last trade. Lets not get above ourselves here. I got lucky.

I won’t comment any further on this month’s journal entry.

Edited picture for transparency.

PS: For the regular pros on here, it's not too difficult to work out some of the trades but I would kindly ask that you don't post and reveal. Thanks.

PPS: You'll see from the 2 screenshots that the ongoing P/L is showing from +£60 something to minus £500 odd. The swings are obviously quite heavy and not for the faint hearted.

@brewski - The trade I spoke with you about and to throw across - was Carillion. We did good but as discussed, needed babysitting for the news break. Sorry you missed out on this mate 20% swings in 1 day, 10-15% the next. In and out on the buy out rumour over 2 days. - Foresight knowledge

I will be building more positions over the next month and expect some write downs either next month or December. The journal will run up to Christmas but I hope to display some fantastic losses for all to chew over before I go.

All the best for next month.

Lee Shepherd
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Old Oct 1, 2017, 2:07pm   #155
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Quote:
Originally Posted by Lee Shepherd View Post

@brewski - The trade I spoke with you about and to throw across - was Carillion. We did good but as discussed, needed babysitting for the news break. Sorry you missed out on this mate 20% swings in 1 day, 10-15% the next. In and out on the buy out rumour over 2 days. - Foresight knowledge
The way I'm going, if I'd taken that trade we both would have lost
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Old Nov 1, 2017, 12:25pm   #156
 
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Lee Shepherd started this thread Ok, so not long till Christmas now. Letís make it a good one and stock pile that cash for Santa.

Those that donít know of the so called Santa Rally, be cautious for any shorts during this period of time as every man and his dog buys stocks for their wife, husband or partner, grandchildren, children and college funds etc. Great presents if they go up in value by the time you cash out.

Again I will not be posting any trades, values/amounts so full disclosure is about the points only Ė not the individual trades, entries/exits, trade style ect.

I will post only the points made/lost on account plus a screenshot of the account for verification purposes.

Dates from 1st October 2017 through to and including 31st October 2017.

The basics:

16 Trades closed

14 Winners for +2,213.2 points

2 Loses for -49.9 points

Net gain +2,163.3 points - you can attach however many pounds per points you wish to this value.
for example, if its value is £5pp the cash figure would be £10,816.50. If its £20pp the cash value would be £43,266.00.


Current state of account:

Running P/L +£1,129.20

Highest profit +£1,458.00

Biggest loser £-505.80

Current £pp = £351.00

Individual trades open = 7

For beginners:
Why is there losing trades sat on account?
When opening any trades, especially at the start of each trading session, whether this be an hour, a day, week, month or year, you will immediately incur spreads and commissions which will eat into your profit. In most cases the market will also run against you for a period of time or figures. This is why having and using stops are crucial. Everyone has them, whether it be you that kills a losing trade or the market via lack of margin. Either way, losing trades have to be and will be chopped out.

For the proís:
Mainly for Tar. Thank you in advance for not disclosing my trades. I know you have a very good idea on how I am trading and the trades in play so I thank you for not openly discussing this on a public forum.
I would also kindly ask that any other professionals out there do not disclose as it can encourage copycat traders. This is not fair on me, my research team (those that extensively help me) and ultimately not fair on those without money management, or more to the point, those that have no clue.

Good luck in the run up to Christmas everyone. Letís bang in some bucks.

Lee Shepherd.
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Old Nov 6, 2017, 11:21am   #157
 
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Lee Shepherd started this thread I'm now looking to unwind about 80% of the trades in the run up to Christmas. This is purposely done so i can have a decent break. Those that have followed the journal (seen me online at all hours) or know me personally know I put some dog sh1t hours in when most are watching films, on social media websites or simply looking at things that pass/waste time. Fear not, I'll be doing loads of this very shortly with the IPhone X out and Xbox one X out tomorrow, a new HD 4K ultra TV with bells and whistles and super fast broadband. All I need is a few beers and I'll be happy as Larry.

So Christmas (or more the point the whole month of December) is my break where I can relax and spend time with me and my family - I love Christmas. As mentioned previously the Journal will run up to the end of the year then I'll be off the forum. I shall return at some point in the future I'm sure just to look in and see who's still about, who's made it, who's gone bust (maybe many times over) and who's still struggling. I also expect to see some others do very well from this point forward - namely Brewski - we speak off the forum so we'll keep in touch anyway and Nowler who seems to have his heart set in this industry and is actively applying for prop houses and trading desks.

Have a good week all.

Lee
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