more than £2 million banked since launch

1 Jul

JULY 1, 2009

A hot seminar

I'm not quite sure what you lot did to me at my seminar on Friday except I spent Saturday comatose!
What a great crowd you were, give yourselves a pat on the back.

I knew it was going to be a long one within 30 minutes with some brilliant and interesting questions and some great stories during the psychology section which meant I was running behind rightaway!
It's always fascinating listening to mistakes made and lessons to be learned from them.
Level 2 is always a hard one to explain and I hope it ends up "sinking in". As many of you noted afterwards, it does give you a bit of an edge.
I vaguely remember looking at the clock at the end and I think it was well after 9pm. But I don't mind at all, not when you have so many interested people - and indeed I think researching shares blind in that last period threw up some interesting ideas.
I enjoyed the whole day and I think I probably only finished because I was about to collapse on the floor and my voice was giving out.

Thanks to whoever it was who got me that cappuchino at 7.30 - it helped me to keep going!
Tell you what I needed that drink in the bar!
I met so many fascinating and really motivated people of all ages interested in doing more with their lives than working some boss or other.
Gosh, we had plumbers (yes, many got his phone number!) doctors, policemen, accountants, self-employed, retired, students, everyone and anyone.

A super mix of ages and occupations which I think was why there was such a good buzz all day long.
A big hello to Ibrahim who made part of the journey to the seminar by camel! I am not joking! He really came all the way from Egypt just for the day.
I think and hope he found it worth his while and hope he had a good journey home. Big hello too to the Irish contingent. Sean I hope your interview for the trading job goes well.

Thanks to "The Murphinator" from Wales (don't ask it's a long story) for his gift of Welsh Barn Cake which we've been munching for days.. delicious!
Hi to Ruby who remains emotionally attached to a certain share! Those who came to the bar know which one it is! One day Ruby, one day..
And I really hope Vivienne had a good day as it was actually her birthday!! The seminar was a present to her from her friend Angela. I had to at the very least get her a bottle of champagne. I hope you shared some with Angela!
Congrats to Tony who won the FTSE competition collecting a prize of £100 plus £69 profit I made from a spreadbet on the FTSE 100 on the day!
Had a great day myself except hotel Fawlty Towers managed to screw up the air conditioning for most of the day and given their continued incompetence generally I'm giving a different hotel a try for the next seminar - fingers crossed!!
Thanks to the many of you for the feedback which so far has all been positive minus the too hot room.
I'm so glad you enjoyed the day. I really did and there was such a great atmosphere.
The funniest thing happened near the end.

I was trying to demonstrate how to short a share -and was giving an example of ten pounds a point when I pressed the button by accident and I was suddenly in a real £10 FTSE short!! Within a few seconds it was up £88! But it was quite a big bet.

So then I tried to close it out and take the profit I should never have had when the market closed!!! I had to keep it over the weekend..
On waking up Monday at 7am I rushed over to see whether it was a big loser or not and found it was in profit by £180!! I gratefully pressed the sell button and took a mistaken £180 profit! Phew!

Remember when pressing buttons press the right ones...
Thanks goes to Mrs NT for all her hard work behind the scenes especially going into battle with Fawlty Towers on numerous occasions.
I also know already that a lot of new friends were made on the day. It would really be hard to find a nicer more interesting group of people.
Thank you all so much for coming and helping to turn the event into such a success.

Don't despair if you missed out! Normally I would not hold another one till September but there is an extra "holiday seminar" this year on Friday July 24th close to Heathrow Airport.

It's especially for anyone who missed out on the last one or who finds it difficult to get a weekday off during termtime.

If you want the details mail me at robbiethetrader@aol.com with
"holiday seminar interested" in the subject line.

There is currently a decent early bookers discount! Don't leave it for too long as it is already filling up and despite being an extra could get sold out too.
My seminars are designed for beginners, dabblers and improvers and deals with everything from how to look for winners, how to research, spreadbetting, level 2 use how to time trades and short, how to use advfn properly and run your portfolio without having to spend money on systems and tipsters.. and tons more.

A lot of the day comes directly from the live markets and I show you many of the tricks I use to get good prices live. And there might even be the odd live trade or 2!

Finally seminar wise there'll be a follow up seminar for any of you who've been to a previous one sometime this autumn - based on Technical Analysis with top trader Susan Marmor. Again let me know.

Spreadbetting firm Tradefair Spreads has upped its offer exclusively to Naked Trader readers to a £100 credit AND a Moleskine trading Diary! This offer is exclusive to me and not available anywhere else...

I've been using them for a few weeks to check that I'm happy with the service. As you know I don't take ads or allow referrals on the site unless it's a company I've used and I feel confident about.

What I like about it is it's easy to use, spreads are surprisingly tight on the smaller companies and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset.

Anyway they now offer a £100 credit as long as you deposit £100. You get the credit after you placed 2 trades (Terms and conditions apply)

If you'd like to apply for an account with Tradefair Spreads and get the freebies click this link:
http://promo.tradefair.com/nakedtrader100/
Still with BT for your phone line? Why? Move over to Utilities Discount Warehouse under me and pay just £8.99 for your line rental, and deal with a nice company. I get commission and in return you get my e-mail - this site into your mailbox at every update!

You could also add energy, guaranteed cheaper than the top 6 suppliers and get the lot on one bill every month. Mail me at robbiethetrader@aol.com if you fancy it. Easy to do!

I'm glad to say MF Global has improved its offer to readers....
First you get a free £2 bet on the FTSE.. and secondly when you place your first bet with them they will cover the potential loss of up to £100 if the trade moves against you.
I use MF Global myself for spreadbets on the smaller companies as they have more online than anyone else and offer spreads on pretty much everything.
To take up the offer either click the MF banner you should find somewhere on this page, or cut and paste this link into your browser and you can sign up online:
http://tinyurl.com/c524ku
Terms and conditions obviously apply, check them on that link.. I think those are good offers.

Many of you enjoy the cheap advfn toplists bronze deal through me as do many of you with the cheap level 2. However many of you say you want a half-way house to include real-time share prices always on.
So I'm pleased to announce I've managed to seal a new deal with Advfn for its "Silver" service - that's always on real-time share prices for a good saving (Bronze toplists etc are included in this).
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me for full details if you'd like it with "silver" in the subject line.
The money - real money - is already coming on from my own internet shopping site which is at www.ei42.com/nakedtrader.

In fact I've already made £1,000 - that's in a very short time and as this grows I think there could be a very good income there.

YOU can make money out of this too - by simply doing your online shopping as normal but via your site (it costs nothing) and then tell friends to open their shopping site using the link from yours - you then get commission on their buys!
Have a look at this link:

http://www.ei42.com/Nakedtrader/

So for free you can sign up and get this site for yourself.

Everytime you buy anything yourself on your site you get commission.. So if you normally shop online anyway it's a no brainer: just use your own site instead of going direct and get some commission every time you shop.
Then you just get some friends to sign up and get their own site too - when they do online shopping using their mall, you get commission too. Simple as that.
It's all explained on the site top right.. just click "Make money with your own shop find out more" and it's all explained. Or click here

http://www.ei42.com/?10850514
So you just shop away as normal - but now you earn commission - and there's also decent money off coupons too on top of that!

They've just re-published "The Zulu Principle" by Jim Slater who's written a 2008 update at the beginning.
This is a brilliant classic book. Reading this is a real pleasure and it was a great idea to republish.
Jim believes like I do the best gains can come from smaller stocks and in an easy to read style takes you through how to evaluate smaller companies that are about to become bigger ones - he uses some excellent examples.
Really this is a must read for all more longer-term investors or anyone looking to grow their money... a number of you have also written to me about this book and praising it.
Here is the link to buy it:

http://books.global-investor.com/books/167207.htm?ginPtrCode=10453
Here's a very topical one: The Little Book of Bull Moves in Bear Markets by Peter Schiff.
The book is all about how to keep portfolios up in a down market. He focusses a lot on how to play commodities and win with some sensible advice especially on natural resources and precious metals. He is very much a realist and there is no rubbish here: some straight talking and some interesting strategies.
Everyone who invests should think seriously about keeping portfolios up in bad times so this book should be read.
Well worth picking up at this link:

http://books.global-investor.com/books/271958.htm?ginPtrCode=10453
To order my new book Naked Trader 2 for next day delivery click this link... or the cover of the book top right!
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
I've had heaps and heaps of praise from many of you regarding The Financial Spreadbetting book.
The book really seems to have helped a lot of you understand spreadbetting a lot more than you did. You say it's really helped you with ideas too. The writer deserves commendation. With the ability to go short so important in these volatile markets, it's a must read. To order click this link... http://books.global-investor.com/books/23307.htm?ginPtrCode=10453
Several people have asked me for a recommendation on a book which shows how to study accounts in a reasonably easy way. The one I like the most is http://books.global-investor.com/books/15717.htm?ginPtrCode=10453 by Robert Leach. Ten crunch questions to ask before buying any company.
It' s a decent easy-to-read book with several key chapters and it's highly recommended. It's one I keep and dip into from time to time. To order, click this link... http://books.global-investor.com/books/15717.htm?ginPtrCode=10453
The best book on charting and easiest read on the subject is http://books.global-investor.com/books/15618.htm?ginPtrCode=10453 by Alistair Blair. Click here -> http://books.global-investor.com/books/15618.htm?ginPtrCode=10453
Another good one is the second edition of http://books.global-investor.com/books/23792.htm?ginPtrCode=10453 by Peter Temple. Included in this one is how to use spreadbetting, CFD's warrants and trackers to reduce risk. And there are some decent trading strategies too.
This is an excellent book for new investors and also experienced ones. It explains all the things you may not be sure about in the markets and will explain the tools that are there. To order The Investors Toolbox by Peter Temple (new edition) click the following link for delivery in 24 hours... http://books.global-investor.com/books/23792.htm?ginPtrCode=10453


Naked Trader Seminar Latest News


****July 24Th Holiday Seminar Booking Now Open**

**JUNE 26TH SOLD OUT EARLY**

Fancy spending a day with me, learning all the ways I have learned over the years to find good shares and play the markets? Well, you can at one of my seminars!
Booking is now open for the next Naked Trader seminar on Friday July 24th.

It's an extra seminar for those who missed out on the June 26th one that got sold out early and for those of you who find it impossible to get weekdays off work during termtime.

Price is £495 plus 15% vat. However there is a large early booking discount available!

That includes three course lunch, coffees, snacks etc. And most importantly it covers choc bars and fruit gums too.

The seminar is mainly aimed at beginners and dabblers though improvers are welcome too.
Topics covered using live market feeds all day include: Market psychology, level 2 - a simple guide to how to use it for better timing; how to value companies; finding companies that are about to rise. I will also cover techniques for handling events such as the recent meltdown and volatility.
Spreadbetting: How to use it to gain an edge and go short. Market makers - how they work and how to beat them; how to stop losing money and make it instead and plenty more.
How to plan trade entries and exits - how to research companies and understand reports, plus all those niggly questions you always wanted to ask. How to set stop losses and targets. Charts and how to use them.
Also covered: Market maker tricks: How to spot tree shakes and use them in your favour, How to tell when NOT to buy a share. I use live ADVFN all day with lots of level 2 and looks at all kind of live market data.
The idea behind the seminar is SIMPLICITY. I don't use jargon or fancy words - everything is in PLAIN ENGLISH! No question is too stupid and the event is held in a friendly relaxed and supportive environment.
The idea is you will come away from the event I hope a wise and better investor with lots of new ideas. I try and translate complex topics into easy bite size pieces. I also aim for it to be entertaining as well as instructive.
If you are interested please e-mail me at robbiethetrader@aol.com with "holiday seminar interested" in the subject line and I will send you full details of the event including comments from those who have come to previous seminars and you can then decide whether you would like to come. See you there!

One seminar attendee Clare wanted to write a testimonial about her experiences at the seminar which follows now!
"I've just come back buzzing from one of Robbie's seminars. What a day! He's just brilliant, and manages to pack an awful lot into one day, and with his enthusiastic and humorous delivery the day just flies by. There are no gimmicks, no sell, no "˜get-rich-quick' promises, just his own solid, sound approach which he has learnt over the years and which works.
He shows you how to minimise the risks and maximise the profits and points out the banana skins on the way. Where the seminar really comes into its own is when he teaches using live level 2. Hearing him talk through his thought processes and reasoning is invaluable, and really brings home everything from the book. He has endless patience answering peoples' questions, and really seems to care that everybody understands.
On top of that, you meet some really nice like minded people and swap e mail addresses, you're plied with
chocolates and coffee all day, have a great lunch and spend the evening getting tiddled with Robbie in the
bar afterwards! You might even get to see the amazing crocodile boots . . . .

Don't worry about the cost, it's easily worth it, and you'll soon make it back with your new-found investment skills, and in what you're no longer losing. If you're thinking of going along to his next seminar, whether you're a novice or an experienced trader, don't hesitate ""just go!
Thanks Clare, did you want the tenner in cash, or will a cheque do?

Exclusive One Point Spread, £250 Cashback Offer

Still a massive response coming in for the sensational 1 point indices spread offer plus £250 cash back on losses - my mail box continues to be full of enquires - don't miss out!
I have arranged a deal with a spreadbet company that gives you just ONE POINT spreads on all the major indices and very tight spreads on everything else. A one point spread is just amazing and you can use it on the FTSE, DOW, Nikkei etc...
Not only that, I can offer those of you interested a fantastic £250 cash back on any realised spreadbet losses made within your first 8 weeks. That means you get back any losses up to £250 which could come in extremely handy.
If you'd like the details of this offer just mail me at robbiethetrader@aol.com with "£250 cashback offer" in the subject line. This really is a great offer which will have a limited lifespan so if you want it, get cracking!


Mf Global Spreads Offer

. Mf Global Spreads is one of the few companies that offers spreads on smaller companies valued at just £6m or more, including AIM stocks. And you can trade them online too.
So now you CAN deal in small companies without having to actually buy the shares in the market and you can deal in them on margin if you wish.
Every naked trader reader who opens an account with them though me will get a completely free £2 a point bet on the daily FTSE on a day of your choice.
As you can imagine get it right and this free bet could be worth a few quid. The bet cannot be a loser, because if you lose, it is as if you never placed it!

And MF now also offers £100 refund on your first bet if it becomes a loser.
So here is your chance to open an account to spread bet the smaller companies - of course you can deal in the whole range of usual spread betting with them too including the bigger companies and indices bets as well.
To take up what I think is a brilliant offer, simply cut and paste this link into your browser and sign up online:

http://tinyurl.com/c524ku


£100 Tradefair offer

I've started using Tradefair for spreadbetting - I like the auto generated stop losses which help to maintain discipline and that's good for beginners I think. And exclusively for Naked Trader readers they upped the offer to £100 credit AND a moleskin trading diary!!

So there's now a £100 credit on offer for anyone opening an account via me. You get that after 2 spreadbets (terms and conditions apply)

To get the offer, click here:

http://promo.tradefair.com/nakedtrader100/


Naked Rambling

An absolute howler from our harrassed leader Brown at PMQ's today.
"Public expenditure will rise by ... 0%"
The look of dismay on the faces of Labour MPs says it all. Just under a year left in your jobs...
It's one of those moments. "Where were you when M Jackson died"?
I was in bed at Fawlty Towers just about to go to sleep on seminar eve when I just flicked to Sky News and read the caption. I rubbed my eyes a few times and wondered whether it was a hoax.
So sad. Looks like it was a drug problem. What's sadder is he really ought to have retired from performing live and there can't be much doubt the stress of the concerts had something to do with it.
What a talent wasted. Definitely a musical genius.
Hurrah! The ID scheme is dead!
Though of course our useless government couldn't admit that. Oh no. Couldn't just say ..we got it wrong ...
No, instead it just "won't be compulsory". In other words dead but we're not saying it.
They have pretty much admitted though something everyone knew that cards would have done nothing to combat terrorism or ID fraud.
And given the government manages to lose everything the cards would have led to even more ID fraud.
I wouldn't trust Alistair Darling to carry my shopping back from tescos safely..
So while most people have to cut back on their spending, the Government continues to spend like crazy with money the country doesn't have and as usual on idiotic schemes.
This time they spent money applying for the same jobs with different names to see if the employers were rascist!
Have they really got the time and money to spend on this soret of stupidity? Of course they have!! Never mind about the important things!!
Talking of spending the BBC sent over 400 people to cover Glastonbury at a cost of over £2 million - to us.
Any other organisation would have done it with 30. As you can imagine most of them will just be freeloaders, again at our expense.
About time an independent team went into the BBC and worked alongside them so things are costed out.
Everyone knows the BBC wastes money. I wonder how much the BBC's hospitality at Wimbledon has cost us all..
Talking Wimbedon what an exciting game the Murray one was. Brilliant.
The question is though - can he beat Federer? Would be amazing to see it happen but it won't happen unless he can raise his game higher.
MAIL
If you want to bet on sport/Big Bro here's the sign up link, very large free bets for newbies: To open a Sporting account click here:
http://www.sportingindex.com/?tpid=6755
Do remember if you do bet you ought to treat sports spreadbetting as entertainment - and expect to lose! Also with spreadbetting work out what your max loss could be and make sure you can afford it! In other words if you say backed the favourite at 15 for a fiver and they come nowhere your max loss is £75.

Naked Mail

Anthony writes:
I am sure that by now your inbox must be bulging but I had to write to thank you for the seminar. I have followed your website for a few years now so had read a lot of the comments made by those who have attended but I have to say that you really blew me away with how enjoyable the day was. How you kept going so long without losing your voice was very impressive and also I am amazed that you are not twice the size you are with all the chocolates you eat!

I only wish I didn't have to leave at 8.15 as I would love to have had a drink with you and the other attendees. I know that everyone I spoke to throughout the day was also thoroughly enjoying themselves. The atmosphere was really buzzing from very early on. I have to admit that I was a little concerned about the cost but very quickly those fears disappeared and I left feeling that we all have got more value than we could ever have dreamed of getting from the day. Your humour was infectious and you were true to your word that no question was too stupid. I know that we have all come away feeling that we are so much better equipped to trade more effectively.

It was also a great pleasure to meet the lovely Mrs NT. After reading all the superlatives I have read I can only add that she is even more lovely in reality than people can convey in their letters. We spoke about Cape Town as I went there in December 2007 with my wife and children and will send Elizabeth some of our itinery which hopefully will be of some use. We had an amazing time and hopefully you will too.


Hi Anthony - glad you enjoyed the seminar. Yes we are off to South Africa in December.. can't wait!!

Gwen writes:
Just wanted to let you know how much I enjoyed your seminar I came to on the 26th .

I did the fancy expensive traders course a couple of months ago and they were very heavy on the charting side of things ( even got us doing things like drawing trend lines on the charts in our manual over and over ) - they gave us the idea that all you need to do is look at charts, see all the "squiggly" lines are going the right way and you will make money easily.

What they didn't do was to tell us that while charts are obviously part of the decision there's more to deciding on a share than just finding a "nice" chart , there was very little mention of all the research on the companies that you showed us you do or about using L2 either.

I really wish I'd read your book and gone to one of your seminars before I did that other course , I know I will still make mistakes but at least I can see now where I've been going wrong !
Again many thanks for a very enjoyable and a very useful day.
Gwen glad you enjoyed it! Charting does have some value but imo not on its own.
David writes:
I know you are really busy with too many e-mails to deal with each day, but I just wanted to let you know how much I enjoyed your seminar last Friday. The time just flies past and I got the impression you would have stayed up all night talking if you could have done! (well, if you could have been provided with G'n'T's in the room of course!).
I don't know how you do it, you looked completely knackered when I left the bar late on, but you were still happily chatting to all and sundry - it's obvious that you love what you do and that enthusiasm shines through.
Anyway, all in all a great learning day and it was fun talking to lots of other people there too, so a big thank you from me!
Please also say thanks to Elizabeth for quietly getting on with everything in the background, truly the unsung hero of the day - doesn't she get bored in the morning though, sat at the back listenening to you, or do you always tell different jokes?
Thanks David and glad it worked for you - of course I use different jokes every time!

Nasir writes:


I just have a quick question,
I'm fairly motivated, and like achieving things, and I just am fascinated to know what percentage of the population is motivated?. You are a highly motivated guy you never give up and have discipline. With your telecom plus business you say that if people want your help, they have got to get up off their arse and do some work, but I'm fascinated to find out what percentage of the population is really motivated? Is britain getting lazy it feels like it, I work harder than most employees where I work, it's like they spend ages chatting about Britain's got talent and other crap, and I'm more productive than them yet it's like no one cares? . What percentage of the population is motivated? And what percentage lazy. It's an interesting topic.

Sure is interesting Nasir. Of course it's impossible to put a figure on it. I used to get made into a boss wherever I worked because I always worked hard. I'd say most people I knew in offices were pretty lazy. Before the advent of the internet I would say they worked harder. But with internet, blackberries, twittering etc, most office workers spend more time doing other things than working. Like in the show "The Office".
People who actually "work" tend to work harder like builders. But then we had 5-6 working here. 2 were brilliant and one really lazy. But to sum up I think Britain is getting lazier.


Advfn Level 2 Exclusive Offer

I have 3 great offers from ADVFN. First great deal: If you want level 2, though me it is only £299 for your first year including VAT!
This compares to £360 PLUS vat from ADVFN direct (£423) so this deal saves you over £100! ADVFN level 2 also includes all the live trades made through Plus Markets which I find invaluable.
To accept this great deal just e-mail me at robbiethetrader@aol.com with "Level 2 offer" in the subject line and I will tell you how to get it. Level 2 for only £299 for a year (including vat), or under £25 a month!!

ADVFN Bronze Offer

Deal two is ADVFN's bronze subscription - normally £60pa - available from me for only £40! That's a saving of £20! You get access to the premium bulletin board which contains my discussion forum with direct access to chat to me and some very good traders.
Plus you get ADVFN's premium top lists which I talk about in my book and think are a must for finding great stock picks. That includes great lists like ex dividend dates, market maker buys plus chart breakouts and downs.
To take up the offer, e-mail me at robbiethetrader@aol.com with Bronze in the subject line and I will tell you how to claim the deal.


Advfn Silver Exclusive Offer

Deal three is ADVFN's silver subscription - for those of you who want all the benefits of Bronze AND always on real-time prices.. no more using the back button and getting frozen out!

The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.


Selftrade Offer

Want to try out broker Selftrade superb trading system for no risk? You only have to trade once to get £50 bunged into your account! You get £50 and I get £50.
All deals are just £12.50 with no funny small print. They also charge £35 plus vat pa for all accounts. Follow this link...

http://tinyurl.com/57hp4n


Markets

Well, markets at least appear to not want to dip down below 4200. And a nice rise today - but can it get back up to the 4500 level again? It could be a summer of, well, not much really... maybe trading 4200-4500. Suits me.
I remain extremely happy with the portfolio and hanging on for the moment to the many doublers and treblers.
Shortly about to set off on holiday so hadn't really intended on buying much for now but one or two have caught my eye.
I currently have a short shortlist of ten shares I like for one reason or another and I presented those at the seminar and the research done on them - of course timing a purchase is as important as finding the good share in the first place.
I bought three out of the shortlist on Monday as timing seemed right - mainly because of some nice buy orders on the order book for all three - those who came to the seminar hopefully remember what I am on about!
These three either have net cash or low debt so they feel really attractive because it gives them little downside while I am away sunning myself on holiday from the middle of next week. Anyway the buys were:
Intec Tel Sys (ITL) where I bought 10,000 shares at 67.3 Target 85 stop 63.

This company is awash with cash and I like the strong balance sheet here. I'm hopeful it could report £18-20m profit next time and with a huge cash surplus looks like plenty of upside to me. Its billing and support services appear to be attracting a lot of customers and the chart looks spectacular.
Second share bought from the seminar shortlist was Xaar (XAR).. (crazy name, crazy share)

I got 5,000 XAR shares at 82p. A good niche market in printing, tons of cash and I'm hopeful that some positives in its August report will push it higher.

Given all the cash there appears limited downside for me but I will need some patience! A medium-term buy with a target of 120 and stop 74.

Xaar has been gradually rising higher recently with some good buyers around on the order book.
Final buy from the shortlist was Chloride (CHLD) - I bought 2,500 shares at 152.2. The secure power business isn't exactly electrifying (gettit?) However what interests me here is that last year a big company over in the USA, Emmerson, made a 270p bid. I'm betting they will come back with another try and buying it up so I am simply tucking away these shares on a long-term view that one day I will wake up to a takeover. happy to be patient. Target 220 stop 135.
I shorted McBride (MCB) - that is did a spreadbet on it going down. Quite an easy idea - came across this one at the seminar because of its rapid rise. But one look at the big debt and its market and also the fact there is huge resistance at 150 immediately made it look like a great short to try and grab a 20 points profit and so I shorted (sold shares I don't own) for £30 a point at 146. Target 125 stop 155. If my target is reached I make £750. It's going down today in a strong market. I think chartists would agree with me that it can't rise above 150 and this looks a great short-term short.
Finally... yes I know I've been busy, it's the heat going to my head - gone for a higher risk one and picked up 3,000 Lamprell (LAM) at 111. Target 130 stop 100. Really good support at 110 and a short-term gamble and not much else.
What's happening elsewhere? Pretty good, thanks for asking.
Awaiting that bid I hope for Porvair. Already up £1,500 on these and I hope the Italian company that raised its stake to 22% will make a bid. Celsis moves up today after its decent results.
Microgen continues to look great, bought at 45p seminar before last and it's now up near 70p. Nice results from Scott Wilson which remains cheap but can't break through 70p.
Treblers remain Barclays, Heritage, and Dragon Oil. Still waiting for news on the possible bid for Dragon. Heritage looks strong and happy to hang onto these three big gainers. Too lazy to add it all up but must be in profit by more than £20,000 on just these three together.
Alterian which has doubled and a half since I bought looks like it could shortly join the treblers as 150 looks on the cards. A good 100 points up still on Hardy but that needs to break 350 where it is currently stuck. Carclo saw some big director buying last week which makes me want to stay in there.
Optos appears to be consolidating. Could be ready for a new push higher. Anite's results today were not earth shattering but they do look undervalued to me so sticking in there.
In the boring department currently are Booker, PV and Wellstream all sitting around where I bought them. I have to consider whether to bother to hold onto these or not before heading off on hols.
Chime looks on the rise again after the ex dividend. So extremely happy with everything - the whole portfolio is still in massive profit and it was also good to bank the near 5k profit last week.

I've been getting e-mails regarding my use of direct market access and who I use. I've tried a few and for me the easiest system for me is here:

http://www.igmarkets.co.uk/?QPID=1079&QPPID=1
Direct market access means you can place orders directly onto the order book bypassing brokers and market-makers with a chance to buy at the "sell" price. I would suggest you ensure you know what you're doing first but IG does provide much education with its "tradesense" educational tool which comes with it.
I also use its spreadbetting service too along with other firms like Tradefair because it now provides trailing stops which to me is a pretty sensible way of trading. Link is here: -
http://www.igindex.co.uk/?QPID=1078&QPPID=1

that also includes a pretty decent educational programme. As usual before opening accounts please read all the warnings on the sites. You can lose a lot of money if you're not careful so pay close attention to them and make sure you always understand what you are doing and what your potential losses are.


£100 Tradefair offer

I've also started using Tradefair for spreadbetting - I like the auto generated stop losses which help to maintain discipline and that's good for beginners I think. And exclusively for Naked Trader readers they upped the offer to £100 credit AND a moleskin trading diary!!

So there's now a £100 credit on offer for anyone opening an account via me. You get that after 2 spreadbets (terms and conditions apply).

To get the offer, click here:

http://promo.tradefair.com/nakedtrader100/


E-mail subscription service

If you want to get the contents of The Naked Trader website into your mailbox instead of waiting for the update to come through, plus exclusively news on the progress of my SIPP from the old Sunday Times column inc new higher risk Aim buys made for that, e-mail me at robbiethetrader@aol.com with SIPP in the subject line for details of how to get it.


Telecom Plus Offer

Want to quit the rat race? Try and start a new source of income so one day you can tell the boss to stuff it? You could do what I did to escape my grotty office job and become an independent distributor for the Utilities Discount Warehouse.
You get to sell great broadband, phone packages and energy to friends, relatives, contacts and anyone else you find and you get cash for each sale but more importantly you get a cut of their spend EVERY MONTH for as long as they are a customer!
It's called residual income and is a far better way to enjoy a ripe old age than relying on a pension. Because even after you stop selling the money STILL comes in!
I still get paid EVERY MONTH for sales I made back in 1999! Every time a customer uses broadband or the phone or switches on a light you get paid.
It's a great business and backed by a stock market company (Telecom Plus), a dedicated team of advisors.. and me to help you on your way!
Not only do you get paid out every month for each customer you can take on distributors. encourage them like I do and get paid on their sales as well.
One day, say you could made redundant, needed a year off or wanted to retire early can you imagine what joy it is to have the regular income coming in. It's wonderful.
You have to work at it, but if you do genuine repeat wealth could be yours. I did it. You can too. For full details, why not email me at robbiethetrader@aol.com.
An overview is also available at http://www.telecomplus.org.uk/fabdeal you can sign up directly there but do tell me!
****
Trade tables follow! Trades are current open and recently closed trades. Closed trades feature the closing price and the amount I won or lost. All others are open. Trades get updated a little later than the narrative. Trading costs are ignored, however I also do not add in dividend payments and with the kinds of companies I buy, dividends tend to equal or outweigh costs. Spread rollovers ignored for web purposes. Tables as accurate as poss however a mistake or two can creep in and very occasionally if I forgot I sold or bought something it will be added at a later time.

Trades first reported Weds and Fri afternoons under "Markets" section.. afraid I can't do live trades as that would turn me into a tipster and I'd have to be regulated!