Like a Bat out of Hell
March 12, 2020
Naked Trader - Proudly self-isolating since 2001 -
**
BEGINNER/IMPROVER SEMINAR: SPEND A DAY WITH ME AND LIVE MARKETS
**Best Financial Educational Provider, International Finance Awards.**
APRIL 15th Online Zoom seminar!
If you want more than the book and see me do it live, come and spend a day with me and live markets online! (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. While the virus prevents the usual hotel
seminars this seems a decent solution and having done an online follow
up one this week, it worked well! All you need is a computer at home to join in.
Max 25 only first come first served for bookings. You can also express interest
in the next hotel one.
Mail me at robbiethetrader with "Apr seminar interested" and I'll send you details.
******
Online Spreadbetting seminar: April 8th - For those of you who have thought about spreadbetting but have been scared to do it, or did it and screwed up. The seminar would be about how to run sb accounts alongside your isas etc as extra tax free investments.
Also covered: how to use the odd FTSE trade to help in a downturn, how to short
shares, costs, stakes, plenty of live demos direct from my own accounts PLUS
a spreadbetting firm or two will be taking live questions from you.
Again all you need is the day and a computer to take part 10am-5pm.
If interested, just mail with "sb seminar interested" in the subject line.
Website update delivered to your email plus an extra
exclusive higher risk trade or two made for my sipp on update day , mail
me at robbiethetrader with "email interested" in subject
line and will send you details.
******
NAKED TRADER PODCAST 3 !
>
Lots of info on shares and trading plus competitions, music and fun
with your DJ NT.
PREVIOUS PODCASTS:
>
And:
Thanks for all the kind words on the new book Naked Trader 5 and glad you're enjoying it.
This discount code will work for 30pc off on the harriman house site
and that is NT5ROBBIE. Or Amazon has it! The audio version is out now! Go to and search for naked trader. Scroll down and make sure you download
edition 5, the one with me with a blue shirt on.
The virus is a bummer for hypochondriacs like me. OMG I just coughed!
I've got it!
Hang on, indigestion, is that it? No, that was from that espresso martini!
My nose running... etc. Please. I don't want to die. I really would miss tea and
toast too much. Just another few years eh?
The Mrs was about to go to Spain for a long weekend with her sister
but decided this morning not to go.
A shame, but wise. Who knows, flights coming back from Spain could
be the next to be axed.
I must be getting old. I keep looking at daffodils and they give me great joy.
I've got them in glass milk bottles everywhere! I love it as they start to open up,
then come into full bloom. And the amazing scent. And they're only a quid
from Tescos.
Downside is when they die. I feel a touch of sadness as they go in the bin.
I've seen a lot of you over the last two weeks! The spreadbet seminar and the beginner/improver one - two of you came to both and both of you are coming to
the more advanced follow up one on the 23rd!
The spreadbetting one was very different for me, it was great to have two
of the companies presenting and taking questions and I learned some new things myself - there were a lot of really good questions.
The feedback is you are no longer scared of it and realise you can use it just like an isa and indeed stop losses are a lot easier to set up. The spread firms paid
for drinks in the bar afterwards and it was a lot of fun chatting to you all
and them.
I am not sure whether to do another spreadbetting one but if you think you might
be interested just email me saying you are interested and will see if there
are enough people to warrant another one later in the year.
As I said at the beginner/improver one it could be a great time to be a beginner investor with lots of prices coming down to more realistic levels thanks to the
bastardvirus.
Great to meet you all - we couldn't handshake which was weird and we had
giant bottles of sanitiser, we've all got out alive!
Thanks for some brilliant questions especially from beginner Sue.
We did more on shorting than usual given the circumstances. As I told the
delegates I thought I was drinking decaff coffee late the night before -turns
out it was caff!
That's why I was still awake at 3.30am wondering why I was half dreaming
about dancing squirrels doing the hokey cokey.
But I kept going throughout the day realising if I stopped no-one would be able
to wake me up for two days. We had a lot of decent toilet jokes throughout the
day so thanks the audience for some better than bog standard lines.
It looks like there was some shock at the amount I was making from shorting
but it really looked like it was worth making the most of it.
Thanks to Mitch for getting me that espresso martini from the bar at half
six to keep me going. It really helped, that hotel really makes a great one!
Hopefully you've all had the notes and thanks for the lovely feedback. And
I am seeing one or two or three of you for the follow up Monday next!
If you missed this one, there is a new date, April 24th. Mail me at robbiethetrader for details with "Apr interested" in the subject line.
I guess our greatest fear is getting conobastardvirus. Especially like me when you realise
you are now heading towards a group that are more likely to get cut by nature.
Perhaps as working from home my chances might be better than some. But then.
Teenage son is always out and about. And anyone actually manage to get a teen
to wash their hands regularly?
If you can, please send me instructions. Then there
are deliveries "Please touch this virus invested ipad".
The gym. You should see what
blokes do in the changing room. (That guy is still blow drying his nick-nacks).
You have to laugh at British "Panic buying". You'd have thought it would be stocking up on
food that could last for a while. Oh no. Toilet rolls!
Yes everything is ok as long as there are rolls. Enough rolls for at least three years.
Apparently it's the cheap rolls getting bought - posh stuff you can still get!
I just hope none of us get the virus - if you are over 70 it seems best to stay
in and avoid contact as it seems to kill over 70s and definitely goes for
over 80s.
If you do get it, you will probably have a sh1t couple of weeks but live to tell
the tale.
I had a horrible flu for 2 weeks a couple of years ago. I really wouldn't like
that or worse again.
So wash those hands, stop picking your nose, and avoid touching bits that
everyone else touches. Good luck to us all and hope we don't catch it.
Thanks for all the nice feedback re the last seminar.
Of course it's nice to get comments just after but even better after a while. For example this from Chris:
The seminar well exceeded my expectations. I learnt a ton about trading, keeping it simple and it has given me the confidence to cut some positions. I reinvested the proceeds in a spread account and new isa and the results from using your process are exemplary! "
Naked Rambling
I liked the delivery of the new chancellor. He really is a top speaker.
Nice pauses, clear speech. Not too many jokes but the ones that
were there were decent and well delivered.
Whatever political persuasion you are, let's all hope the measures work
and the spending brings results.
I was surprised there was nothing at all to get the housing market moving,
stamp duty cuts would stimulate the economy and create a lot of work.
Maybe in the autumn.
Didn't Donald T look like a naughty child who's been forced to read out an apology written by his strict aunt?
He really really didn't want to read that out.
No wonder his speech put the skids under the market. If the ebullient
Trump reads out a speech like that, how bad is it?
I am really struggling with all the hand washing. I don't mind it but 20 seconds
really goes by slowly.
I can get to ten then I'm really bored and I am not singing happy birthday. I find
one chorus of Joe Dolche's "Shuttup your face" just about does it...
Dragons Den (***)
It plods on for the millionth series. It's still entertaining but find I am
starting to fast forwards through some of the questions and answers
to get to the meat of it.
The Stranger (netflix) (****)
Taking out the plot holes, this one has been very entertaining from Netflix.
Some interesting ideas from the scriptwriters, who'd have thought of
fake pregnancies?
Homeland (****) Despite the fact what happens next is signalled a mile off (Oh my goodness the president got killed what a surprise) it's still pretty decent though
Saul" seems to be a bit on auto pilot.
Curb Your Enthusiasm (*****)
Ok, ok I know I have confirmation bias and I am a fan but the restaurant
which put good lookers in their own section and the "uglies" at the back
was simply hilarious.
The thing is I suspect some restaurants actually do this. Good looking?
Straight to the best table by the window! Not so? At the back by the
toilet for you!
Probably it's true for life. Let's face it, good looking people do have it easier
don't they!
The News (*) All channels. Best not to watch.
I turned on an episode of mastermind, some clever cloggs was answering questions.
I usually can get say, 5 or 6 on the general knowledge but this time I was amazing! I got them all.
And the contestant seemed to freeze and hardly got any right.
What! I actually thought I should apply - specialist subject The Sopranos or Curb - I could even win a heat! I'd be ok under pressure of the lights!
Then the titles came up. Sadly they said "Celebrity Mastermind!"
Arrrgghh!! Celebrity mastermind is the one where they ask simple questions to braindead
minor celebs (usually from C Beebies).
Drat! I won't be applying.
SEMINAR NEWS
APRIL 15th Online Zoom seminar!
If you want more than the book and see me do it live, come and spend a day with me and live markets online! (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. While the virus prevents the usual hotel
seminars this seems a decent solution and having done an online follow
up one this week, it worked well! All you need is a computer at home to join in.
Max 25 only first come first served for bookings. You can also express interest
in the next hotel one.
Mail me at robbiethetrader with "Apr seminar interested" and I'll send you details.
******
Online Spreadbetting seminar: April 8th - For those of you who have thought about spreadbetting but have been scared to do it, or did it and screwed up. The seminar would be about how to run sb accounts alongside your isas etc as extra tax free investments.
Also covered: how to use the odd FTSE trade to help in a downturn, how to short
shares, costs, stakes, plenty of live demos direct from my own accounts PLUS
a spreadbetting firm or two will be taking live questions from you.
Again all you need is the day and a computer to take part 10am-5pm.
If interested, just mail with "sb seminar interested" in the subject line.
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!!!
See above for discount on NT 5
spreadbet book edition 2
>
And add code RobbieNTSB2 to get it for £12 and free posting. (Paperback
only but you get the e-book free with it).
To buy Trade Like A Shark at £12.25 plus p and p use this link
> Use code NTSHARK at the checkout.
***
25% off Stockopedia and free trial
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.
For your 25% discount off any sub (eg £56 discount off UK sub) and free 14 day trial you need this link:
>
ADVFN offers
Level 2 through me it is only £462 for your first year including VAT!
This compares to £ 638.88 direct from advfn so this deal saves you £176.88!
Level 2 gives you access to all the market maker positions and the order book and I would not trade without it! More on level 2 in my book and I spend hours on it at my seminars.
ADVFN's bronze subscription - normally £97.53 pa - available from me for only £66! (inc vat) That's a saving of £30! You get ADVFN's premium top lists which I think are a must for finding great stock picks. That includes great lists like ex dividend dates, plus chart breakouts and downs. All as explained in the book.
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 nearly £40 for your first year by paying just £186 inc vat via me instead of £229.30
Just mail me at robbiethetrader if you'd like any of these with "advfn offers" in the subject line. Please note if you want to discontinue the sub you need to give a month's notice by post. L2 offer includes silver and bronze.
THIS SITE TO YOUR MAILBOX!
Website to your email PLUS extra trades which do not make it to the
website for my pension
If you'd like the website material sent to your mailbox so you
get everything before the site itself is updated every other Thursday
plus one or two exclusive extra higher risk trades not featured on the
site mail me at robbiethetrader with "email" in the
subject line and I will send you details on how to subscribe.
MARKETS
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.
****
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.
***
MARKETS
If you are double effed off with the whole market I can't blame you. Actually
if you are not feeling it you must be a saint.
But. Since I went full time in 2001 there have been many times where
I thought of throwing in the towel. Especially 2008.
I didn't. I learned from meltdowns and survived. If you have been doing
ok so far, you can survive. You really can.
Markets will always go too far one way or the other and at some point soon
there will be some stunning upside and in a year's time you will go: "Phew. Glad I stayed with it."
If you decided not to sell much and hold on then you are probably nursing
very severe paper losses. And you must feel awful.
And you are probably right that if you didn't sell by now you may as well
hold on.
Fear can turn to bullishness fast in a quick moving market, seen it plenty
of times - so there is some hope, honest !
Come back in a month or two and it will all be all right again, probably.
And look, cheer up. There is more to life than money. There's toast!
Twix! Pets! Love! Spag Bol! Sex!
Spotting when it might turn in a black swan event is impossible and it may
be worth waiting till it is more obvious it is heading back up and miss
a bit of the initial rise.
It is all easier if you have a smaller portfolio when you have a giant one
(!) you really have to bank some gains.
It all felt so much easier even two weeks ago.
So much happens so fast no wonder the markets are in manic
crazy mode with indices and shares all over the place!
This strangely makes it harder for the more experienced than beginners though
my experiences of bear markets makes it a bit easier.
And for beginners it's great - you can buy shares now or later at 30 per
cent discounts, fabulous!
I had a look at what I wrote in NT 5 about what happens when the sh1t hits the
fan. I'm glad I took my own advice.
That was in a nutshell, go short of some shares and an index, topslice
and go into a lot of cash while keeping at least some of the strongest shares.
I surprised myself at how ruthless I really was. I wonder why it's hard to sell shares
you've had for a while that have done well.
I've always found it easy to sell losers fast. I find a loser annoying and am happy to quit.
But a big winner? Something I've liked. Ooh. Hard. But I found once I started I quite enjoyed it.
I found it hard to stop. I now have nearly £1 million sitting in cash.
I has already sold off a lot and as the market kept shifting down I knew I had to sell some more.
As I sold I kept remembering the reason. I've had a really good run and why
not actually get some profits banked? I can always go back in.
I'm sure many are saying (I don't read social media, twitter and gave up on bulletin boards after being trolled) that it wasn't worth selling anything and it will all come back.
And I am sure it will, but who knows when? Maybe it's got a lot further to go.
You could at least sell some and have the cash ready to buy back.
Let me get this out of the way.
You. Are. Going. To. Hate. Me.
But luckily not being on twitter and not watching social media means I won't
see any abuse personally.
But, I have made very large sums shorting the FTSE. I mean very large. We are
talking £350,000 plus. I wouldn't even have written this on the site unless a lot
of people had seen this live on my spreadbet accounts over the last
two weeks. So I feel it is ok to mention it as it has been proved to lots of people.
The money made well surpasses paper losses on what's left in the isas after my sell off.
As those that came to the seminars saw, my stakes were big but felt this was
a quick chance that doesn't come along often to get the right end of a big
move. As I'm classified as a "pro" spreadbet trader, I hardly had to put up any
money even to fund the big trades.
Some of the money isn't banked yet through. But I have staggered stops as those who
came to the seminars saw and if it sparks back up they will start to get hit and
the profits taken.
Right, bragging rights bagged this is not what this site is really about so let's
move onto some trades.
Obviously as above the main trade has been a massive FTSE short. If you really want to know the size? Ok, then roughly £400 a point between accounts.
I went big because I thought this might be a once in a decade chance to catch a giant market move. I had more than enough in the bank to back it up and would have
quit with smaller losses if it had gone wrong.
As I write profits are past £400,000. If it goes up now, some of the stops will
begin to get hit and I should bank about £300,000. I realise some of this
is luck - and because this site isn't about shorting indices none of these
profits will be recorded for the site.
I have also doubled my money on an ETF short in the isas. Please don't mail me about how to do this, it is in my book! Those of you who've been to seminars know what I am
talking about. I said how much this would be your friend in a market meltdown and it really has been my best pal!
Some new share shorts. It really was a no brainer to short Carnival the cruise ship operator.
It really wasn't exactly a novel idea.
But the virus is really going to sink cruises for a bit. Who wants to be stuck for
weeks on a ship stuck in a tiny room? Unless it's with Kylie Minogue?
So you'd expect cancellations. I can't do boats, I always get sick. The short
is going well.
Thanks to whoever it was at the spreadbet seminar when we were looking for
shorts who said "John Menzies has got massive debt".
How right he was! My eyes gleamed when I saw the debt and what looked like a way
too high rating so I shorted it live. That has really paid off already and Menzies
has already confessed it is being hit by virus blues and has cancelled its div.
So my thanks, worth holding the seminar for the profits on that short alone.
I shorted Trainline again after taking a loss on a previous short on it. It looks
like a perfect storm with large debts.
At the next beginner/improver event I will definitely be doing more on how to
go short.
As well as looking at shorts I did a couple of small "Nibbles" at some bargains but
they never worked out but the get out quick worked a treat for a couple of small
£100 losses.
I nibbled at a buy in a beaten up Ten Ent and got some at the sell price at the seminar live. I held it till this morning and sold for a small profit. It looks like it might
still be too early to nibble. Any nibbles need disposing of as fast as a sneeze into a tissue.
It's pretty difficult to sum up the sells - after mainly topslicing last time I've
sold the lot of a lot of things. And I don't have that many positions left.
I have tried to sort them all out but am struggling a bit but imagine I have
sold a lot of, all of, or at least some of the things I had. So here are some
website positions banked profit and losses.
So, that includes: Kape topslice profit £7,557 Avon (topslice) +562 and +3689 Soli +2180. TEG -5 and +563 (TS) Imo -£13 Via -£1,072. The American one but can't work out the profit with the currency translation. Nfc (TS) £183.
Phew. All I have time for now - but over the weekend will take time out to update
the trades table on the website with all the full details worked out. Promise will
be done by Sunday night.
Shorts in AA, Superdry, Card Factory, AO World, Devro, and Restaurant Group
are all making a fortune between them. They keep tanking, I keep holding.
As you might imagine I am totally under the cosh with emails and 360 are
sitting there and I just can't answer them all. I couldn't do it even
if I had an assistant or a team.
But I am on my own. I answer as many as I can but I just haven't the energy
or time for what might happen next or what you should do. Or even
what to do with your life. I am so sorry but one person can't cope with it all.
Clue:if you need an answer keep the mail short!
I would point you though to the chapter in NT 5 which deals with a market
meltdown.
I would suggest getting a nice list of 15 or so shares that have been beaten down.
Get ready for a market turn and start buying small - if it carries on down,
get out and try again.
Take it slowly. Ensure when you buy to avoid big debt and then all the
booby traps: illiquid penny shares, punts, blue sky, oil, commodity etc.
If you start buying great companies with low debt, and actually makes rising
profits then you could end up quids in soon enough.
Tom Hanks has the virus. What's the betting the film based on someone who looks like Tom Hanks called "Corona Killer" will be out in 2022.
And "Corona Killer 2" in 2024.
Good luck to you all and I hope none of you catch the virus.
SEMINAR LATEST
Beginners/improvers April 24th come and
spend a day with me and do things live!
Follow up seminar: March 23
For those who have done a seminar with me before, a follow up
including lots of live trades!
Mail me at robbiethetrader with "April interested" or
Follow up interested"
Last week's spreadbetting seminar was very popular which surprised me so
thinking of doing another to check interest can you mail me
with "SB interested" if you think you might come to one?
Trades made for my sipp are exclusively available on my
email service (this is the website stuff plus exclusive trades mailed
to you earlier on update days). For subscription details mail me
with "email interested"
PODCAST WITH DJ NAKED TRADER!
NEW :
The Naked Trader Radio Show number three!
>
The second show was here:
>
Lots of chat about shares, the markets, xmas
rally, psychology, and lots more.
The first show:
Stockopedia as ever is SO useful. It really
is a must have! And some fantastic talented writers/commentators too like Paul
Scott.
Brilliant stats on all shares, amazing stock screens and even
discussion boards that are actually sensible and not barmy
blokes having a go at each other as if they were pissed in
a pub. Or weird obsessives.
>
gets you a big discount
and 14 days free trial.
If you are thinking of A ftse trade try
as their spread is the tightest at 0.8. Also very
pleased with execution - FTSE cos the cheapest spreads
there too.
It is hard to find a firm that does prices on the very small companies but this company does:
Website to your email PLUS extra trades which do not make it to the
website (a bit higher risk)
If you'd like the website material sent to your mailbox so you
get everything before the site itself is updated every other Thursday
plus one or two exclusive extra higher risk trades not featured on the
site mail me at robbiethetrader with "email" in the
subject line and I will send you details on how to subscribe.
25% off Stockopedia sub and free trial
Stockopedia is indeed like a stock market encyclopaedia and a great place to scan for new shares to buy, check out fundamentals, discuss on a sensible bulletin board. Each share gets a ranking, you can use "guru" screens to find shares, there is even a stock screen loosely based on my criteria! There are strategies based on ideas from top investors.
There is lots more really fantastic material and I believe access should help investors and I now use it myself.
For your 25% discount off any sub (eg £56 discount off UK sub) and free 14 day trial you need this link:
>
EXTRA INCOME FROM HOME
When I left my full-time job to trade it really helped having another income: this I got from part-time selling energy and phone services to people and getting a cut of their use of their home services forever! I still get enough from it now to pay all my bills. I am a great believer in multiple incomes and this is a great one in my opinion as anyone could do it.
If you'd like a second part-time income click here
>
This will explain what you can expect to earn and how it all works. If you sign up there you'll be under my wing. Any questions just mail me and if you sign up please let me know.
****
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.