more than £2 million banked since launch

11 Aug

AUGUST 11, 2010

Kitchen Sink Drama

** My new book - about spreadbetting - is out on August 23rd, you can pre-order it here:

http://books.global-investor.com/books/401334.htm?ginPtrCode=10453

***
Seminar updates: The follow up seminar on Sept 17th for those of you who've been to one of my seminars before is close to sold out, if you want to come let me know urgently, The Sept 24th seminar is filling up and likely to sell out - there won't be any more after that till near Xmas. Please see somewhere below for details on both***

The dishwasher went on the blink recently.
According to Mrs NT the cleaner puts dirty plates into the dishwasher and because she can't speak English there's been a problem communicating this.
Yes, I know you're supposed to put dirty plates in but apparently you're supposed to rinse them first I'm starting to wish I hadn't started to write this as it's getting complicated.
So the Mrs decided not to get the dishwasher mended so the cleaner does the washing up properly. So it's back to old fashioned washing up..
I prefer this to dishwashers anyhow because I find the effort of rinsing stuff, then loading the dishwasher, finding dishwasher powder then emptying the washer takes more effort than just washing stuff up in the normal way.
However I noted a number of times Mrs NT was being very kind to me. Whenever I started the washing up she's sooth my brow and said I could go and relax.
"Have a lie down," she said. "You're been working so hard!"
"That's nice," I thought. "It's good to be appreciated. Yes, I do work hard. It's tough buying a number that comes up on a computer and then selling the number at a higher price sometime later.
Then I noticed one time after she told me to relax that she simply looked worried.
Then I twigged. Of course! I must do the washing up really badly and she'd rather do it herself!
Anyway now I've twigged that she's rather do the washing up because I'm rubbish at it I've decided to work on being spectacularly bad at taking the rubbish out.
I'll start to leave a trail of used teabags .. that ought to do it!
Mrs NT is very sweet though when I have made a mess with something. When I left a bit of a trail after a late night bowl of shredded wheat, on seeing the mess in the kitchen she called over."
.. " Gosh... I can certainly see why they call it shredded wheat... it certainly is shredded!"
The fun summer continues! This weekend we're off to the country again - this time to see some friends on the south coast.
We hope the weather will relent and give Christopher a fun weekend on the beach.
Then we're off to Goodwood for the vintage fair there on Sunday which looks like a lot of fun - plenty of bands on including "Kid Creole and the Coconuts"!
It really is all go here with tons of great activities.
Thanks to those of you who wrote to me about the "camping" trip to Bestival (click diary archive if you missed the bit I wrote about our posh camping expedition.
The mails are probably best summed up by this clip from reader Richard:
"I was heartened to read of your wonderful time with C and Mrs NT and glad you see at least a sample of real life alternatives to expensive hotels which are, in my odd opinion, not real life. I have never enjoyed my time in even the nicest of hotels of which I have had my large share in many prior years.
When I used to stay I often lay in the lap of that luxury thinking how odd a person I must be to have been just as happy on a camp bed with an open fire playing my guitar. You have been honest and candid enough to admit, in your own way, that arriving at a fully erected almost equivalent of a marquee with a virtual circus and pop arena all around it, with ready made foods to boot, escapes the actual rigours and labour of "normal" camping but the important point is that your soul has seen a glimpse of "on the ground".
There is little to exceed the glee, for a child, of camping, I know, not only because I used to be a child and remember the sheer wonder and freedom of it all but because I still am and still do!"
Lovely thoughts from Richard. Yes, of course. The simple things in life are always the best. Having said that I'm still not sure I'm soulful enough to try a real tent!! It was lovely to see Christopher's reactions and we will be going again.
As to five star hotels? Not for the moment. We really have had our fill of them.
Well, er kind of. We booked a cottage in Devon for a week at the end of the month which is, er, well the actual old lodge of a 5 star hotel. And we can - ahem - use the facilities there should we need to.
Thanks for the continued feedback on the summer seminar! Glad it was useful and already hearing about one or two of your successes. And glad some of you are taking control of your own pensions. Good for you.

For those of you who missed it the next seminar is on Friday September 24th.
It'll be at Heathrow as usual - mail me at robbiethetrader@aol.com if interested with "Autumn seminar" in the subject line. I'll send you details. There is a decent early booking discount on right now. It's also filling up fast and almost certain to sell out well ahead of time.

Beginners and improvers welcome for September! Come and spend the day with me, the markets and some lovely people - and of course, lunch!
If you mail me I will then send you details and a full agenda of what is covered. Also more details below somewhere.

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!

The one off follow up seminar only for those of you who've been before is nearly sold out. If you want to come let me know asap. It would be a quick refresh but mainly all about timing and we'd be doing level 2, placing orders on the live markets all day.

We'd also scan for shares and research them live on the day. It's on Sept 17th. If interested mail me at robbiethetrader@aol.com with "Follow up seminar" in the subject line.
After the success of the last couple, there will be another TA seminar with top trader Susan, on Dec 4th. If you're interested in learning all about TA from a brilliant trainer, don't miss it. Susan's lessons in TA will help you take the emotion out of trading. Mail me with "TA interested" in the subject line. You must have been to one of my normal ones.

Fancy getting the naked trader updates direct into your inbox? And a bit before it gets updates on the net including news from my pension trades made from my SIPP?

All you have to do is take a phone or energy service from the Utility Discount Warehouse at www.telecomplus.org.uk/fabdeal.

I get some commission and you get the service! On top of that you ought to make some amazing savings on your phone, broadband, or energy use or all! There's even an internet phone where you can make free calls from wi fi hotspots!

Prices are guaranteed lower than the top 6 suppliers but even better you can get huge discounts on your energy/phone bill if you shop at places like Marks and Spencers, Boots, Sainsburys and a whole load more. 5% of your spend comes directly off your billl. Many are saving a fortune from their energy bills.

So save a few quid, and get my stuff in your inbox! A win win? Mail me at robbiethetrader@aol.com with "mail service" in the subject line and I'll send you details.

Spreadbetting firm Tradefair Spreads has upped its offer exclusively to Naked Trader readers to a £100 credit. 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 5 trades (Terms and conditions apply)
If you'd like to apply for an account with Tradefair Spreads and get the freebie click this link:
http://www.tradefair.com/promo/spreads/nakedtrader100/

The number of emails to me is nearly reaching saturation point and I'm struggling! I'm getting 100s which is lovely in a way but killing me in another.
The main problem is the length of some of them, indeed some run to the length of novels, so, please, help save my eyes and please keep mails to under 150 words.. you can do it! It's close to the stage where I am going to have to say I will answer all mails but those over 200 words will get deleted. Keep them short and sweet, please!!
Also, it's possible the answer you seek from me is already in FAQ's. And do remember I can't discuss individual shares with you as it would be classified as investment advice which I'm not authorised to give.
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.

Those of you looking for some extra income could be interested here:

http://www.ei42.com/Nakedtrader/ then click "earn money" on the rhs.

So for free you can sign up and get this shopping site for yourself. What's brilliant is any product you want type it into the search and it will come up with it, which store it is at and where it is cheapest, then buy it and earn commission on your spend!
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.

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
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

**** BOOKING FOR FRI SEPTEMBER 24TH AT HEATHROW NOW OPEN**
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 Naked Trader seminar on Friday Sept 24th.

Price is £495 plus vat. But there is an early bookers discount!
That includes three course lunch, coffees, snacks etc.
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 "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!


£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.
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply)
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/

Naked Rambling

There seems to be a lot of hoo ha about banks not lending as much as they should to small businesses.
You might imagine having previously owned small businesses that I'd support this. And say something like banks are all bastards and they should be forced to lend more etc
I'm not so sure! Just take a look at an episode of Dragons Den. If you were a bank would you honestly lend many of them money?
A lot of people in small business really should not have money lent to them. It's not good for them, the banks or the economy when they go bust.
It astonishes me the number of people who go into business without a clue as to who their customers are, whether their product will sell and indeed have no idea about cashflow, turnover and profit.
So really I wonder whether banks should indeed be lending to some small businesses. I personally would never have started my last business unless I had the cash to support it and I didn't need a loan.
Of course already established businesses that might need a short-term cash hit to tide them over a bad patch is a different matter especially if profit-making on the whole.
Any small business needing money should really be looked at unemotionally and objectively, like the dragons do, to decide whether they money should be lent.
Talking Dragons yet again hardly any cash was handed out by the five on Monday. One paltry offer again! Either all the ideas are really so bad or else they just aren't handing over their loot at the moment.
However I do feel sorry for James as the entreprenuers really want Theo or Peter and are prepared to take worse offers from them. No wonder James is looking more and more peeved. I wonder if he will quit before the next series as for now it may as well just be Peter and Theo there and forget the others.
So England supporters are spending money tonight just to go and boo their team. No wonder this country is going downhill. We need positivity not negativity and also forgiveness. OK, they screwed it up, let's move on and start to rebuild.
Having said that Capello should have been fired. I really think it's a language thing and he just doesn't communicate well enough in a language that isn't his mother language. Why he wasn't sacked and replaced with Harry or Roy I don't know.
What a great story about the airline steward who told his passengers to f off , resigned over the speakers and disappeared off down the escape chute.
I'm sure many of us fed up with our bosses or clients would love to do something similar.
I would have liked to do it myself in my last job but instead I just deliberately annoyed my boss till I got a £30,000 redundancy cheque off him. I was leaving anyway so it was worth a go, it worked!
Want to make money on the Pakistan test?Just sell the runs!

Ready to have a bet on the football - just a few days to go!
If you fancy betting on football this year there is a brilliant book you have to buy with all the tips, hints, stats and strategies to really make money betting on football.
Written by two full time profit-making football bettors it shows how to treat it as a business!
It's called the Premier Football Betting Handbook and here is the link:
http://books.global-investor.com/books/456305.htm?ginPtrCode=10453
If you're going to bet on football I urge you to get it!
The spreadbetting firm I use for sports betting is here: Via this link Open a Sporting Index account, place 5 bets (each bet must have the potential to win and lose £20 or more) and they give you a £300 Total Goals bet on any live football match.
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

Mel writes:
A huge thank you for your great productive seminar yesterday 26th July.
I wish I was more fresh to get even more out of your great effort and energy in the evening when you were company searching and going through thorough research on screening them through your detective work, way out of my head! Hard work , ha?!!!!!,...
Due to the Travel Lodge fire alarm incident, I just had 2 hour sleep so to keep eyes open and most of all my BRAIN sharp after 5 pm, was hard work but wow how great it was. Thank you so much. I am sure I missed loads when I left at 8 pm .
With your great sense of humour and wealth of expertise, on my mind, you will remain a great role model as a successful trader and perhaps one day if it is meant in this life, I can acquire your smart style! Wish you ongoing great success with your trading and most of all health and happiness and if god willing hope to see you again perhaps on a follow up or charting seminars but for now, let's put what I learnt from you into practice!

Thanks Mel. Glad it was useful. And you were a great sport!

Richard writes:
Thanks for a fab session on Friday, after some hesitation to part with the money initially, I'd have to say it was well worth it, a really good insight in to how you do things and frankly if we all follow your example and advice, there is no reason why we should not end up in the money to some degree.

One of the things I realised about half way through, was that day trading is not a good occupation short term, though once someone builds up a stash of money as you have then it can become a good way to earn a living as you do, obviously you don't day trade but your level of expertise and your system of trading is well built up and reliable and we should seek to emulate that.

Yes, I sometimes have trouble parting with money Richard!
Phil writes:
Had to laugh when I read about your poncy experience at the hands of the stuffed shirts in Devon. You shoulda travelled a bit further to Falmouth in Cornwall.

We went to a Balti House on Saturday and had probably one of the best Rubys ever, cost for 4 hungry (not to mention thirsty) adults? £77. Yes - £77. And they gave us a glass of brandy at the end on the house.

Let me know if you come to Cornwall, I'll get a table booked .......

Thanks Phil, you are on my to visit list!

Shital writes:
I would like to personally thank you for a wonderful seminar yesterday. The time you spent with us through out the day was very valuable and I learnt constantly through the day.
It was worth every moment. Your trading skills and expertise goes along way and have learnt everything a new beginner needs to in the shares world.
I have learnt to be patient, calm and most of all not to be emotional, of course not to forget ALL the knowledge through out.
I could go on and on but a big thank you for being their until we needed you and the wonderful pizza.
Thanks Shital glad you feel inspired!
John writes:
Thanks for a great seminar last Friday, everyone I spoke to enjoyed it and marvelled at how you kept going so long; you certainly gave value for money.

If the seminar taught me anything it was how to trade in a more professional and detached manner. I realise up till now I was just playing at it.

Thank you once again for a fantastic day that will remain with me for the rest of my life.

Thanks John, though my wife sometimes complains I go on for too long.....


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.

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Markets

Some uncertainty creeping in after some very decent risers with not surprisingly many deciding it's not a bad time to take some profit off the table.
The glum Bank Of England boss who looks like the panicking Jones off Dads Army is as downbeat as ever and some figures from the US aren't that great so some profits being taken.
As I said last time my current policy and what I've been doing for a while is to clear out shares that haven't performed during the upsurge while in the main hanging onto the good performers..more on that in a mo.
I came across a stock I've never had much time for - HMV. I've always thought it was on the ropes and no-one bought stuff from them anymore. But I had a run through the figures and actually they're doing ok and what's more management has a pretty good plan to turn it around. I got £100 a point on the spreads at 54p. The reason I got the price some way below the current market price is that I bought a December spread - the price already incorporates the massive dividend that's about to be paid out. The share itself will drop substantially when it goes ex-dividend and that's why the spread firm quoted such a low price. Target (Dec spread price 68 stop 48 (Dec spread price post dividend).
Cineworld (CINE) has been producing good figures - the cinema chain goes well and film attendance looks good - it can be risky buying a share around a whole number but I'll take the chance and bought 2,000 shares at 201.9. Target 230 stop 180. The current buying around 200p looks good and I often find shares which push up through 100 or 200 often put on 30p quickly (such as Devro recently).
I've added a small gamble - this one not a widows and orphans candidate, but fun for naked traders... indeed it's got a wide spread and I'd usually avoid something like this but it's produced a decent recovery statement and on that I've taken a risk and bought a small amount, 10,000 of engineer Trifast (TRI) at 34.34.

TRI had a disastrous time in the recession but looks to be recovering fast, - this week's statement was confident - and if that recovery continues the shares could get rerated. target 43 stop 28. Often with shares like this a re-rating can take place in a couple of days.
It's great when a bid story works out - I've been buying Nestor on its bid prospects since 30 and at last bid action has started with the AA/Saga bidding 90p today. Lucky for me I got a final lot of 6,000 at an average 73.5. I've been rewarded by adding to these regularly with paper profits now of more than £20,000.
However, the company has rightly rejected the 90p offer. This is way too low and this could start a bidding war or alternatively the offer should be raised. One suspects they will try 100p next but in all fairness somewhere between 115 and 130 is about right. Especially if rival bidders emerge.
And for that reason, as they say on Dragons Den, I remain in! Of course there is a risk no bid happens but the shares are still fairly valued without them up to 100 anyhow!
I've shorted Ocado (OCD) for £30 at 159. Target 100 stop 175. The only reason it isn't lower is that the price is being stabalised during its first weeks on the market. I really think it's only worth 100 for now. And so, for that reason, I'm short. I don't actually think it will go below 150 while stabilisation is in place but once that's gone. the shares I think will be delivered to their rightful place much lower. It's a shame because I love the company and we use it and it's brilliant. I just think the valuation is too high in its current form.
I've had a big clearout over the last couple of weeks and sold anything that hadn't been going up in the up market - as I remarked before - if they don't go up in a strong market it's not a good signal. Indeed often it's a warning signal that something isn't right.
I took yet another loss on Essar which kept falling again - really I played this so badly - the downward pressure on the shares just carried on - I was out at 433.5 at a loss of £111. I do like the story here but it looked pointless arguing with the market on it. As that's the third loss on this I'm a bit wary of a four timer!
Mouchel kept falling so I sold that at 115.4 and the spreadbet at 115 for a total profit of £1,570. I was in for a bid but sellers keep taking it down so it seemed reasonable to bank. It also wasn't heading higher in the strong market.
Micro was yet another sold as it wasn't going up in the up market, sold at 421.9 for a profit of £132. A stroke of luck there as the reason it wasn't going up is now obvious as a poor statement drove the shares down and I would have lost £700 instead on the opening price today if I'd kept it. Might be worth keeing an eye on for a bounce when the selloff is done. Another not rising with the market was Fresnillo which was also sold and went at 1071 for a profit of £570.
I sold another that wasn't rising - Norcros at 10.57 to bank a profit of £1.710. And Afren has gone at 96 for a profit of £575. Again, not really rising after a strong run and it's petered out at around this price many times.
That's a total profit banked for the site of £4,446.
Some very nice big upmoves in a number of shares.
Yule Catto has climbed nicely since I bought - companies in its sector have been reporting some good figures and it looks undervalued and is on a nice run higher. It's hit 220 now.
Devro has been doing really well - a lovely profit on that now and the strong uprtrend remains in place.
Dialight's been very strong though not surprisingly pausing around the 400 level for now. JP Morgan has snapped up a huge load of shares. . I'm up more than £10,000 here.
Volex has boomed after its update and despite nearly doubling now I'm holding tight!! I'm having a great run with Mulberry and the good news is the Mrs NT signal is still green as once again she's been looking up Mulberry bags on the internet!
Telecom Plus is heading up to its all time high near 400 but this time there shouldn't be much to let it slip.
Enormous profits here - in real life with options I got I have profits of something like £120,000 - if you include the huge dividends including something like £6,000 on the way this month it's been an amazing investment. It is tempting to take profits but there looks like more to come.
XP Power has zoomed up past 700! I'm still holding onto the original buy at 150! Shows sometimes it really is worth being patient.
Pace produced a decent report and acquisition and has shot up giving me a very decent profit... I wondered about taking profits but I think there may be more there yet.
Lovely Petrofac has surged again heading for nearly 1300 and together with Enquest sees me sitting on profits way in excess of £20,000. Enquest has bought up another company and has had a very decent rise
Hyder produced a very strong statement and a potential bid looks like it's in there for nothing! It can't get through 350 but a bid could easily see 500.
Aggreko has seen a massive rise and it gets further bought every time it weakens - made a big amount here in a short time but I'm intending to stay with it during any dips like the last couple of days. Although Loq isn't moving much I'm staying with it for the potential of its new products.
Long-term core hold New Brit is having a good run and another long-termer Heritage looks like it's down a lot but in fact it's paid out a massive 100p dividend today. PV Crystalox has shone recently and good profits building there now.
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.
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply).
To get the offer, click here:
http://www.tradefair.com/promo/spreads/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!
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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 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!