Getting the hump on a camel ride
January 10, 2019
BEGINNER/IMPROVER SEMINAR: SPEND A DAY WITH ME AND LIVE MARKETS
NEW DATE FEB 4TH 2019 NEAR HEATHROW CLOSE TO AIRPORT
If you want more than the book and see me do it live, come and spend a day with me and live markets. (beginners and improvers welcome). If a beginner there is guaranteed no jargon!
See trades from my own accounts, research, level 2, and finding great shares from scratch and tons more. Three course lunch, snacks, drinks,lots of chocolate, banter and fun with me live all day.
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I can't believe I am back in the cold already.. days of
lovely sunshine abroad have gone, sob.
Thanks so much for the feedback on the recent podcast!
In particular you seemed to enjoy the "headlines"
at the beginning. Will definitely do more of those
for the next one!
The £200 competition is still up for grabs, and you
can still enter, just do some counting. Link is here
if you missed the show with your own DJ Baldy B:
>
As I said another hol gone in a flash!
Had a lovely time in Dubai except for the last three
days where managed to pick up a bad cough, cold
thing, dammit!
Lucky I was on business class on the way back.
Would have been horrible to have people next
to me getting my germs.
Xmas day was lobster rolls and chips which is a great
Xmas dinner btw.
The airline Emirates is just amazing. Business class is
so much better than the woeful BA.
Super seats, great entertainment and sensational food.
Wouldn't use anyone else now.
A few warning signs re the economy in Dubai. A lot less
supercars around. And much less spending by the look of it.
They are building more skyscrapers like crazy and I'm
told they are hanging on for an influx for Expo 2020.
But overall I'd say there are a few economic problems building
there. Not sure how this would reflect on the world economy.
Dubai gets a bad press here. Mention you are going and immediately
the Daily Mail horror stories are regurgitated. "Arrested at
airport for spying" etc.
Of course in real life there are no problems unless you are
looking for them.
The airport is all automated, you rarely see an official and
they really are not interested in locking you up!
All races get along together very well. There isn't any crime
and it's a great place to chill out. So there!
We ended up on a lame tour of the desert. In essence
it felt like a fleece the tourists type tour with a short
camel right (I had the right hump with that), a "falconry"
display featuring a pissed off looking bird and a desert
buffet".
It dragged on and on and was happy when we got back
to the peace of the pool.
Always try and sample a few hotels. One had the best
breakfast ever called "La Ville".
A stunning buffet and a great a la carte. We got it free,
possibly on the expensive side if not getting it free as
part of a package.
It's always weird getting back to the cold and wind.
Without a kid I would definitely be living somewhere
warm in our wintertime.
Christopher heads off back to weekly boarding. Once
again we remain amazed we can do things like go
out for a meal or a movie without having to make
babysitting arrangements!
So onto a new year. What would I like to do?
On my list is Naked Trader 5 which I hope will be
out in October with loads of new stuff. Can't believe
I wrote the last one five years ago. Ah, I remember
when I was young...
Also two other writing projects, both fiction and perhaps
a non fiction slightly different finance book. We shall see.
It is much easier writing a list of stuff you want to do
than actually doing it.
The secret is, I guess, is to actually get on with it!
There is also the potential for a series of podcasts. I
have been approached by a major radio group so I
am considering it.
Anyhow whatever your resolutions are for 2019 I hope
you achieve some of them.
if you want to kick off the new year with a resolution to start
trading/investing why not join me for a day on Feb 4th.
At the very worst you'll get well fed, watered and entertained!
We saw the Bafta nominated movie "The Favourite" last
night.
It's a story of rivalry in the court of Queen Anne. It does
involve some lesbian scenes which of course I didn't approve
of (!)
Olivia Coleman does deserve her award nomination playing
a mad Queen superbly.
The movie itself is very entertaining with lots of great
lines and moments. It finishes on a moment that would
easily make a great discussion for a film group! So a
thumbs up if you get to see it.
Next week we're off to see the movie about Laurel
and Hardy which looks very promising.
Great to meet the newer investors/traders at the Dec beginners/improvers
event.
Lots of lovely people, enjoyed the Xmas lunch, crackers etc! And lots
of great chats. Thanks for the lovely feedback.
If you missed the Xmas seminar make a new year's resolution to join me for a day on Feb 4th next year.
Mail me at robbiethetrader
for details with "Feb seminar interested" in the subject line. There is
a current very early bird discount.
Thanks to you all for feedback on the events and I know some of you
are already happily following the rules.
It seems self-obsessed to print all the feedback but why not
just one from Paul...
Thanks for a brilliant day. It provided much needed focus
which was refreshing and enjoyable. The venue was
great, food excellent and I would highly recommend
the seminars to others."
Thanks Paul.
Naked Rambling
Now Heathrow has been hit by the appearance of a drone.
Let's just ban the bloody things except for commercial use
and then make sure those are licensed.
How can we let these dangerous things allowable to be
bought by anyone? Who really needs one? No-one!
Get rid or license them properly.
Veganism looks like the big thing for 2019 and people
all over the place are trying to cash in bym doing
vegan "fast food".
Greggs has gone with a vegan sausage.
A couple of friends have gone vegan and one has been vegan
for 20 years.
I can't manage it myself. I don't eat a lot of meat but
I like variety and despite some vegan meals being
nice enough, sticking with fish and meat sometimes too.
Be interesting to see if it is a fad or becomes more mainstream.
MPs have been warned not to host boozy parties and not
carry on drinking after the bars shut.
What's amusing is subsidised bars are allowed at all. You could
argue any bars!
The fact we allow our leaders cheap access to in effect drugs
is a joke! Shouldn't Westminster be a place of work?
How many of you have access to cheap booze in a bar
right where you work? And what would your bosses think
if you were half pissed a lot of the time?
Yes, folks. Is it any wonder we are in a right mess?
New series have been starting after the Xmas break.
ITV's Manhunt was rather well done. A reconstuction
of how they found the murderer of three women.
No car chases or anything which was a refreshing
change!
The great comedy Catastrophe is back with a final series.
Good idea, leave people wanting more. Sharon Horgan
is just brilliant as a writer and actor.
Lots of funny lines though I love the running gag which
is when Sharon calls him it his phone says. "Sharon. London.
Sex. "
If you like it try "Pulling". She's in that along with the talented
Tanya Franks. You can get that very funny series on Amazon. Thank
me later.
Vaguely entertaining though unlikely new drama last night on ITV about inside
trading with Sheridan Smith "Cleaning Up".
Gambling addict cleaner discovers insider trading going on
where she cleans and decides to get in on the action.
The gambling addict bit is very realistic. The insider trading bit
not at all. As if she'd get a listening device in there! I guess
cleaner tagging onto illegal activity from the rich and coining
it though is quite appealing plot idea.
Though the book she chose was "Investing in shares for
Dummies" which is an awful book. Surely it should have
been Naked Trader!
Prisoners are being allowed to take pictures with their
families in photo booths in the visit areas.
Imagine the shouting.
Little Johnny you idiot. Don't press 'take picture' while
mummy is taking drugs out of her bum"!
SEMINAR NEWS
New date Feb 4th 2019 near Heathrow
Email me for details at robbiethetrader with "Feb seminar interested". There is
a current very early bird discount
Beginners and improvers welcome. Come and spend the day with me, the markets and some lovely people - and of course, lunch, lots of sugary snacks.
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!
Some recent feedback:
He actually takes you candidly right into the mental process involved in his successful trading, making it a pretty amazing display, even showing his own investment accounts right there on the screen. This is a genuine coaching session in how to trade like him if you put in the graft. My advice therefore would be to sign up for this while he is still prepared to do it.'
When I signed up to your course my goal was to make 20% p.a., I've achieved that in less than six months. Your course was pretty much going to be my last attempt at trading, So once again thank you, it's by far the best money I've ever spent on trading education and probably on education full stop."
I felt we were in for a long day of numbers, PowerPoints and dry talk.
Instead, what we got was fascinating and enjoyable mix of punchy insights, merriment and wise-cracks, sharp wit, and to the point no nonsense advice. I sat down at 9:45am and didn't look at the time again until way after 8pm at which point I had to drag myself away."
I read your books and understood the words "" however I was missing that final nugget of knowledge "" actually seeing you valuate a company and make that buy/no buy decision live means I now get it."
LOTS OF LOVELY DISCOUNTS HERE!!!
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Stockopedia is indeed like a stock market encyclopedia and a great place to scan for new shares to buy, check out fundamentals...there is even a stock screen loosely based on my criteria! You can try it for free too.
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EMAILS: I do beg you not to send me emails asking me for advice on a particular share. It isn't legal for me to give you individual advice and all I do is send you a mail saying that, which wastes a lot of my time and yours too.
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COPYING TRADES: I can't stop you from copying a trade I made but remember the price may already be a lot higher than I paid indeed I hope it is as buying at good prices is what I do for a living. You may be buying at the top and could easily lose money. Also I can make terrible mistakes and have done in the past. I could also sell before you or before the share tanks. I may still be holding in a year when you sold at a loss. Always do your own research, don't jump in blindly. Market makers are very clever at knowing how to make you pay top dollar and then push you out at a loss. This site is about sensible investment and learning how to trade sensibly and is not a tipping site. Beware. Never push buy on anything till you've done proper research and got yourself a sensible price.
***
This year the Xmas rally turned out to be a total "Bah humbug".
Though we now appear to be getting a Happy New Year
rally instead with the Dow and the FTSE getting massive
new year bumps.
Whether these will last is another thing as goodness knows
what Trump might tweet next.
I had made an awful lot (£100k plus) on shorting the FTSE to
about mid December but mainly exited taking profits assuming
a rally would start soon.
How wrong was that? I waited and waited and at last it
started rising so I began to lump on. That proved a wrong
move and I lost about £7k on my santa rally attempt.
Stops got me out and I didn't try again. The main thing
always as I said beforehand is work out the max you know
you want to lose. That was my max. I could easily take it
on the chin as it's a tiny loss compared to the big gains
the shorts made and also the big gains of previous Xmas
rallies.
Historically though it probably means we'd expect a giant
Xmas 2019 rally!
I can't imagine anyone could have made much out of
a sudden rally on one of the days, that was about it.
Commiserations to those of you who had a go and lost. I hope
you took heed of my comments and didn't lose too much.
Actually overall I don't think too many points were lost taking
it all into account so hopefully you didn't do your brains.
Maybe some of you held on? If you did the Santa rally
could be paying off this week as the new year rally! Bloody markets not doing
what we wanted them to do!
Given I was having a lovely holiday in the sun, there were
lots of bank holidays and my shares were mainly holding
fine, I barely glanced at a screen for many days.
However there was the odd too tempting bargain around
and I made a few very tentative buys
Tentative as Brexit makes it hard to make
an investment decision and whether a beginner
or experienced it seems sensible to tread
warily and have cash on the side.
Because right now who knows what is going to happen and
so, how is it possible to invest a lot with no knowledge?
What's worse it depending on the outcome, different shares
will all react differently depending whether they are in
dollars or pounds, have their main thrust in the UK or not.
This makes the whole thing a lot harder than normal.
So personally have stuck with just having a lot of cash
but carrying on holding the longer-term successful shares while doing the odd tentative buy or top up.
I was happy with 2018. As detailed here I went into a lot
of cash in October keeping a good amount of my best
shares/ideas.
While in the latter end of the year the isas took some falls
on paper, the ftse shorts really brought in a lot of money.
Even so the Isas all end well higher at year end though
ETF FTSE shorts really boosted them. See my
book for details on those.
That is except
for £187,000 I withdrew to pay for my child's posh
boarding school for five years!
I'm not a spreadsheet guy so don't ask for a percent. But the
main isa the broker shows a 14% gain for a year (I don't know how accurate
that is). And on one of the smaller isas it actually shows
34% gain but not sure if that is a year or what?
I think the reason I gained this year is simply down to getting rid
of losers fast and changing my mind on something that I bought
and quitting rather than holding it into big losses. And also
the shorts made a lot. And of course heading into cash.
I feel
private investors make the mistake of holding onto big losers
forever saying things like "They will come back" or "Long-term
hold should be fine". Many just can't sell anything at a loss. That
is a big problem as if a bear market continues these shares
will also continue lower causing more losses.
I was just looking at Private Eye which revealed all the national
papers lost fortunes on their tips for the year. All the nationals
lost a fortune as did most of the magazines and nearly
all "tipsters".
One paper tipped G4M which promptly came up with
a profit warning and halved this week.
I am kicking myself over that one. Brian, who came to the
October seminar mailed me:
I attended the October seminar and G4M was highlighted
as a potential short.
My notes from the day mentioned you said "Lots of potential
problems here, possible profits warning ahead and
should be 250p and hey presto today!"
Brian got a short on and made a few quid as it tanked
this week to 220p on a warning.
Sadly for me
I tried to get a short on and failed (I probably asked for
a too big position). Then I forgot about it. Drat!
Wish I could get them all right like that. Don't forget you
can spend a day with me on Feb 4th at a seminar, mail
me for details, decent early bird discount on offer though
not for much longer. I promise I won't play any music!
Anyhow as I always say be wary of "tips" whereever you
get them from. There is no substitute for finding your
own shares and doing your own homework.
Onto right now - it is a strange time. Normally after the
falls I would be a big buyer.
There are tons of bargains out there and lots of shares
are in value territory.
Also when markets are in the doldrums it is the best time
for bargain hunting.
The only thing stopping me using at least part of the big
cash pile is the uncertainty over Brexit, and a potential
election.
Brexit uncertainty may clear soon which will make it easier
to become an investor again.
Once the market knows where we are going with more clarity
we could see a major uplift and I actually think it
is possible 2019 could be a decent year!
So here is the tentative buying!
I tentatively bought some ITV. I don't usually buy such
big market caps but. It is in the frame very much
as a takeover target.
Take your pick as predators. There are loads of US companies
out there with tons of money who need more content
and a proper live channel could look appealing too.
With ITV sitting on a very lowly rating if I was one of them
soon would be the time to pounce.
Potentially once a bidder is outed, there could be several
and a bidding war could see a bid price of 200p. Maybe
even h . Just
my thoughts, remember! You could easily argue if you
were a bear that millenials don't watch TV or ads.
NMC looked a buy after a big fall over the xmas period
and I picked some up to add to the long-term holding
which has gained an enormous amount.
They probably did get overvalued in the late 3000s where
I took profits. A 1,000 points plus lower they look value!
I added a few more TEP (trades as Utility Discount
Warehouse).
With many of the small energy suppliers going bust or
having licences withdrawn firms like TEP will benefit. TEP
has an agreement with N Power so won't go bust.
People are realising there is no point saving a few quid on
energy if they can't call the company, get crap service or
they go bust. Better to pay a fair rate and get the service.
If you want to sign up with Utility Discount Warehouse via
me let me know, you'd then qualify to get my email.
With a fair wind, TEP shares could head up to the 2000p
level by year end. Oh and a 5% dividend too.
Please remember as a TEP distributor since 1999 I am
definitely biased towards the shares. I hope and believe the
only share with a positive bias. I intend to remain sharklike
about the rest.
I hadn't intended on getting any more Sopheon (SPE) but couldn't
resist and that now makes it my biggest holding.
A great announcement this week that the chocolate giant
Hershey is going to take Sopheon's business software is
huge.
With that kind of customer win on its books, it should make
it easier for Sopheon to sell to other giants too. I have
doubled and more on them, but happy to keep averaging
up as I think there is much more to come this year (2000p?)
I shorted AO World (A0.). The valuation on this doesn't stack
up and it reminds me of the kind of too high valuation
Carpetshite once enjoyed.
I just can't see how this can be valued so highly and I'm
looking for a share price fall to below a quid.
Tri simply wasn't going up and was sold for a loss of £259.
Marks and Sparks short went really well and I took profits
on it of £1,120 as they really sunk a few days ago. They
issued a so so statement today. I would be looking
to short again if they hit over 300p for a repeat short.
Elsewhere some really excellent new year gains from the
bigger holdings.
Safecharge (SCH) shares have charged higher on a tip of the year
and comments from a top fund manager plus a very
strong trading statement today. There is also the very
large dividend and it has a shed load of cash. Hoping
for a return to well over 300p for Safecharge soon.
888 shares seem to have bottomed out and rising well.
The opening up of the US to gambling should lift the
shares this year and I think it could be a bid target.
Avon Rubber won another massive mask contract from
the US. This really supports the share price and should
be more gains to come.
So a decent start to 2019 but as said above, a big cash
balance is essential as there is so much Brexit and
political uncertainty.
It is a time to be cautious but with an eye open for
the odd opportunity!
Did you read the head of Amazon is splitting with his wife.
Looks like
he wants to shop around for a new one while he is still
in his Amazon prime.
If you missed the seminar
I just set a new date, Feb 4th there is a massive early bird discount so mail me at robbiethetrader
with "feb seminar interested" for details.
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EXTRA INCOME FROM HOME
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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 in the diary under Markets every other Thursday afternoon.