Lee Shepherd's Trading Diary

Lee Shepherd

Senior member
2,164 570
Another important figure here is the max drawdown - including unrealized losses - .
Another valid point. Hence why these are written in the post and published on the screenshots. It's important to note that last month had gains of £9k (or there abouts). This month has a loss of £2k. But important to remember that as soon as a trade is opened, it shows an immediate loss. Also bear in mind that more times than not, the trade wil swing against you for a certain degree or in this case, your planned move. This can be extremely difficult for most people to accept.
 

tar

Legendary member
10,441 1,309
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 .
 

Lee Shepherd

Senior member
2,164 570
I'm keeping this months results short - very short:clover:.

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 :innocent:

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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brewski1984

Senior member
2,025 343
@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 :innocent:
The way I'm going, if I'd taken that trade we both would have lost :LOL:
 

Lee Shepherd

Senior member
2,164 570
Ok, so not long till Christmas now. Let’s make it a good one and stock pile that cash for Santa.

Those that don’t 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 – 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 pro’s:
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. Let’s bang in some bucks.

Lee Shepherd.
 

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Lee Shepherd

Senior member
2,164 570
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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Lee Shepherd

Senior member
2,164 570
I trust we all had a good month whether it be learning or making money from what we've learnt.

This is my second to last entry before I take a break from the forum. I'm looking forward to meeting up with some of the guys on here (Tom & Co) next week.


In the meantime, I have attached a screenshot of this months trades, as always though, parts are deleted for security reasons and so that I do not disclose the trades in play.

Summary:
6 Trades won and closed for 1,488.3pts

6 Trades lost and closed for -52.3pts

Feel free to put any pounds per points or contract values on the above that you wish.

Account is currently running a loss of £-1,300.00

Current pounds per points on all positions = £600.00

The account is now very much under leveraged, this is through choice as I do not want to be heavily committed in the run up to Christmas. I've worked all year and studied hard to make the money I have made this year. December is my time to relax and watch TV, chill out, reflect on the year, watch some movies and study when I feel like it in preparation for the new year ahead.

I wish everyone well for this month, don't let the markets f**k you, or more to the point, don't f**k yourself in the markets.

Christmas wishes to all.

Lee
 

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kalott

Established member
675 57
I'm keeping this months results short - very short:clover:.

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 :innocent:

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
February must have been a stress test to the system?

hope you did ok (y)
 

Lee Shepherd

Senior member
2,164 570
Hi all,

I trust all is well and everyone is banging in them bucks.

I'll be back for a few months posting screenshots and write ups starting from next month.

I'll also do a thread (although I will count my blessings now) regarding simple technical analysis (TA), trend lines, and what to look out for, this will aim to help some of the new guys and girls. As this is open to all scrutiny, usually always from the older ones who have not found their way yet, I will post these on a different thread.

For the new comers, it will give a little insight in to how I trade using TA, although a lot of my work comes from Fundamentals, TA is a crucial part of entry and exit points.

This new thread will be for the go getters and positive people only, neg heads will stay away.

PS: I'll post a link in due course.

All the best,

Lee
 

Lee Shepherd

Senior member
2,164 570
How to handle the Losses

Hi all,

I was prompted to update a little on losses and in particular how to handle them.

I have a seen a couple of posts regarding this recently - although it relates to crypto currency, still has meaning and psychological impacts. This in turn can produce weird and wonderful outcomes to your trading, whatever that be you are trading with.

So allow me to get to the point of this post:

Here's my statement:
Yesterday I lost £16,500.00 on a single instrument trading.

I wont discuss which financial instrument or how I come to lose this as that's personal to my account only. However, what I would like to share is that the impact is and can be the same whether it be a loss of £16.50, £160.50 or a million and fifty. The point here is that the day goes on, life goes on and if you are a trader - trading for a living, then trading still goes on.

It's important to keep stats and although I don't want to keep going over old ground here, it's the only way one can realise whether or not they are doing the right thing. Needless to say, I do not regret trading that particular instrument and everything I did was right. This is key to ultimate success. Regardless of the outcome, do what is right, do what you plan and keep to it. Do or die.

Emotions play a big part in trading, in fact they affect everything in your life. Control your emotions or they will control you.

Elaborating on the point of doing things right, I also see this on the contrary, people will make calls, get scared, close the trade then watch it go in the direction they predicted time and time again.

Stick to what you believe and believe in what you do - whatever that may be.

#carryontrading

Good luck all and i'll update the journal in May 2018. More importantly its Friday so shutting down shortly to hit the pubs, clubs then lose more money at the Casino. :LOL:

Screenshot added and edited for personal and security reasons - there to prove/show losses only.

PS: This is not my biggest loss.

Lee
 

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brewski1984

Senior member
2,025 343
Emotions play a big part in trading, in fact they affect everything in your life. Control your emotions or they will control you.

Elaborating on the point of doing things right, I also see this on the contrary, people will make calls, get scared, close the trade then watch it go in the direction they predicted time and time again.

Stick to what you believe and believe in what you do - whatever that may be.

Lee
(y)
 
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Lee Shepherd

Senior member
2,164 570
Good to hear from you Lee (y)

Can i ask why do you use spreadbetting ?

As you trade a nice juicy size and you are a bit of a wizz etc isn't direct market access better for you ? :)
Hi Kaeso,

Good question. However, if I may, why would you not use spreadbetting?

Lee