JANUARY 22, 2018
Red flags in Dubai
Next update: Feb 1st
SITE UPDATED EVERY OTHER THURSDAY AFTERNOON (EXC school hols)
International Finance Awards : Best Finance Blogger: Robbie Burns
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BEGINNER/IMPROVER SEMINAR: SPEND A DAY WITH ME AND LIVE MARKETS
NEW DATE MARCH 16TH NEAR HEATHROW
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.
**Best Financial Educational Provider, International Finance Awards.**
Mail me at robbiethetrader@aol.com with " March seminar interested" and I'll send you details. There is a large early bookers discount on offer.
Also new Follow up date for those who have been before, Mar 26th, mail me
with follow up in subject line.
MY NEW PSYCHOLOGY BOOK "TRADE LIKE A SHARK" IS OUT!!! DISCOUNT OFFER:
The book covers things that can go wrong, how to fix them. How to stop bad habits, gambling, trading with a clear head. How not to panic, managing trades, trading in a down market.
To buy Trade Like A Shark at £12.25 plus p and p use this link
https://harriman-house.com/tradelikeashark Use code NTSHARK at the checkout. The E Book is free with the print version.
***
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, 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! 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:
www.stockopedia.com/nakedtrader/
Hey who dragged me back from the warm sunshine of Dubai? As usual it is very hard to adjust to the cold damp and dark"¦
But the sold out seminar on Friday cheered me up. Lovely to meet so many fantastic people.
From those running your own businesses, to Doctors, plumbers, accountants, even a semi pro tennis player"¦ we always get a good mix.
Indeed everyone was getting on so well it was hard to drag them back onto the room after breaks.
We had a very good psychology session "" I think I persuaded a few of the gambling persuasion or with confirmation bias on shares they owned to look at them more dispassionately.
I felt a lot understood level 2 and supply and demand and generally I think a lot of you will do very well!
Even though it was cold, there is still nothing like a Mr Whippy ice cream and I got through three in the afternoon!
Now some of you managed to design your whippys very nicely from the machine. Some of you were total disasters including one who managed to drop the whole whippy on the floor.
Lovely also to chat to some of you over lunch and after and hearing your stories. And I got one or two good trades out of it myself!
Thanks a lot for all the feedback so far. I would love to publish it all to show you how fantastic I am but just one:
"I had a really enjoyable day on the seminar. Travelling down the motorway before the start, 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."
Getting mails like that make it so worthwhile.
Next seminar now is March 16th, email me for details at robbiethetrader@aol.com with "Mar seminar interested". The last three have been sold out well before time so don't leave it too late.
There is also a follow up seminar for those of you who have been before this one is on March 26th. Mail for details. You MUST have been to one before to qualify. A day of trade hunting, research, supply and demand and ironing out problems.
So Dubai. Absolutely fantastic time. Days spent lazily by the pool re-charging. Swimming, sliding, sitting in coffee bars watching the world go by. All races, ages and types mix happily there.
Don't get taken in by all the Daily Mail stories of people being slung in jail. It isn't like that at all!
We also stayed a couple of nights at Lapita parks which is a new theme park in the desert. It has hair raising rides, it's pretty much like being in Disneyland minus the ever irritating Mickey Mouse.
I did feel this time round there were a few "red flags" around Dubai which maybe doesn't bode well for its econony in the future and maybe a signal the markets are getting too high..
It is all small stuff but.. a lot less supercars around. Seems a little quieter generally too. The government added VAT at 5% for the first time. This seems to have caused a lot of resentment to the smaller businesses.
They promised to give 70pc back to local authorities. But you wonder why they need it.
There seemed to be less spending too, and a little more "hustle" from restaurants and the like to get you in. All perhaps small beer for now, but I do wonder.
We're thinking next Xmas season of doing Sri Lanka with the idea of Dubai first, then onto Sri Lanka and finishing off back in Dubai. Quite fancy visiting a tea plantation, maybe one that makes fantastic Yorkshire tea?
New kitten Jacob is going to be a monster. He's happy to eat anything at all (pumpkin risotto anyone?). He is growing and growing and his tummy is getting fat despite the fact I make him around chasing school ties.
Still the nice furry belly sits well on my head overnight providing some nice warmth.
Although the night he came and sat on my head after a visit to the litter tray wasn't quite so pleasant!!
I suspect I will just have to hibernate till it gets warm again. Very lucky for us Christopher's last two football games were called off, joy and tea all round!
If you'd like to come to the next seminar mail me at robbiethetrader@aol.com with "Mar seminar interested".
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, and even live chocolate waffle making in the teabreak!
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!
Here's some feedback from from "D"
'It's obvious from his site Robbie Burns is a good market analyst and shrewd stock-picker. He is also a highly opinionated commentator on everything from TV shows to food. Therefore I expected his seminar to be 75% entertainment, 15% general exposition for beginners and-- if we were lucky-- 10% of something I could use to help me invest. But I could not have been more wrong.
The opinions on food and politics etc. though genuine, are I believe a bit of disguise or misdirection for there is a real touch of rebel genius here. And in the seminar, which is 95% hardball, 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. You can see at once why so many of us are merely stabbing in the dark with our investments.
This is a genuine coaching session in how to trade like him if you put in the graft. I have only bought one stock since, as I am waiting for the tools he recommends, but I got the price down by using his tactics and I cannot recommend the seminar too highly if you are going there to learn. It must be taxing on him to let us at such length and in such detail into the process, which has made him so much money (for--unlike so many other so-called experts the seminars are not a day job). My advice therefore would be to sign up for this while he is still prepared to do it.'
I love it the most getting mails from people who have spent a day with me some time ago and are doing well. This was very pleasing from Jason:
"I took part on one of your courses this summer and I wanted to send you a belated thank you. The next day I got myself Level 2 and sold all of my positions, most of them had losses, I then started to buy shares, some which we found on the course and others using the techniques you shared, the simplicity of your selection process surprised me but I also found it easy to apply. Within a couple of weeks I felt so much more at ease trading, I wasn't worried about my decisions anymore because I felt in control of each trade, I knew when to sell and when to hold on and I'm no longer anxious when I open my account because it's always in the plus.
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."
Thanks Jason but it is down to you, you applied the discipline needed and had the cuts to cut your losers.
With the oil price up some smaller energy companies are going bust and some of you have
been in touch with me to join Utility Discount Warehouse which I've been a customer of and
promoting for 16 years!
They now have a decent one year fixed rate energy deal which is cheaper
than any other major supplier.
And it is easy to switch, you can
do it all online. If you take a service as a bonus you also get the website stuff sent direct to you
before it gets published here on web update day.
To sign up with me just click here http://www.jointheclub.org.uk/237058
Have look through the phone, broadband and mobile services too - if you take the
whole package unbelievably they come round, change all your lightbulbs to new ones
saving you another 11% on your lec bills and change any bulbs as long as you remain
a customer. No more bulb buying and fitting!!
**Website Updates To Your Mailbox
****
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
http://www.utilitywarehouse.org.uk/237058/opportunity
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.
I use IG Index for betting on the very small companies, the only spreadbet firm I can find that does the smaller ones making it possible to trade AIM cos tax free.
(A reminder if you don't know what you are doing you can
lose a lot of money spreadbetting - make sure you understand the risks - see spreadbetting chapter in my book Naked Trader 4 which explains how to do it and the risks)
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 £174 inc vat via me instead of £208.43
Just mail me for full details if you'd like it with "silver" in the subject line.
Naked Trader Seminar Latest News
January seminar is sold out
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 open for the Naked Trader seminar on Jan 19th
Price is £690 plus vat. However there is decent early bird discount on offer. Mail me for details.
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 "Mar 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!
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?
I use IG Index for betting on the very small companies, the only spreadbet firm I can find that does the smaller ones making it possible to trade AIM cos tax free.
To sign up and get an excellent weekly education programme use this link:
If you like to trade the FTSE, Dow, or currencies then Spreado has an outstanding tight 0.8 spread - that is incredibly tight. The platform is very good and robust and have used it to great satisfaction.
You can sign up at this link which includes a decent market commentary:
http://www.spreadco.com/nakedtrader
(A reminder if you don't know what you are doing you can
lose a lot of money spreadbetting - make sure you understand the risks - see spreadbetting chapter in my book Naked Trader 4 which explains how to do it and the risks)
Naked Rambling
are going to be slashed.
All very well it won't stop addicted gamblers losing their money.
Neither will getting leverage on cfds.
Thing is gamblers will find stuff to gamble on and self destruct and
lose their money whatever measures you put in place.
Doing this is a bit like stating an alcoholic can only have two
drinks in a pub instead of ten. He'll just have the two
then go to another pub. An alkie can't have one drink and
a gambler can't have one gamble.
In my view it's pointless. If it's "crack" for gamblers then the
Gamblers will just go elsewhere for the crack.
Yet another silly old git (I am old too btw) Bolton from UKIP dumps
his wife for a model in her 20s.
No bigger fool than an old fool.
(See Duncan Bannaytne).
It is no surprise BA faces a boycott with
passengers fed up with dirty seats, table and bedbugs. BA has been going
downhill for a long time and we got fed up.
Best thing ever for us as we discovered Emirates airline. Wow!! Ok,
so we were in business but it is WAY better than BA business.
Beautifully clean planes, well laid out, great service, decent
food, a total delight. Steer clear of BA and go Emirates if you can!
Another Labour front bencher shown up for not having a clue today. After Diane Abbot's disaster interview this time the Labour shadow defence secretary showed she knew little or nothing.
What's worse instead of just holding her hands up and admitting she didn't know what Trident costs she just kept dodging the question. Words came out in a jumble, part of a script of some kind. If they get in, sell everything and come back in 5 years.
A load of new TV shows have got underway. Mcmafia, of course derivitave but take away the plot holes and it's decent enough!
The main character is a bit on the dull side. Even when he is being criminal he does it dully. Also a bit slow but will stick with it.
Celeb Big Brother. Surprisingly just about watchable. One two many "geezers" but good to see they attracted more interesting older types too.
The women are interesting and have some decent conversations for a change, the blokes less so. The drag queen thing is a bit tedious.
Ann Widdicome reminds me of my late mum, says what she thinks and not interested in changing her mind on anything. Drag queen probably has it sewn up as the winner.
But it must be time now for Big Brother to shut its doors forever, it really has run its course. I stopped watching the standard one many years ago but carried on a bit with the celeb one.
Now there are hardly any real celebs in it anyway, this is probably my last one!
So Sky's Britannia has started, the UK's answer to Game of Thrones. I have only so far seen half of the first. Goodness, I don't know yet. Can't quite work out what it's supposed to be. Perhaps a low budget version of GOT. Of course it could never come anywhere near it but there are a few signs and there is a lot of fun.
I suspect if you just take it with a pinch of salt as entertainment it could be a grower. Been ploughing through the last series of on House of Cards on Netflix. Watchable as ever.
An undiscovered gem is Inside Number 9 on BBC2. A bit like a series of short plays they are always fun. The same actors and writers come up with some hilarious scenarios and there is some very witty writing. Worth catching up on.
For those interested in sports betting try
http://www.spreadex.com/nakedtrader/sports (unless you are Wayne Rooney!)
Good quick execution of bets and a great range of markets. Recommended!
Naked Mail
Chris writes :
I want to tell you of an experience I had this week. After reading your new book Trade Like A Shark.
I had finished my research on some stocks and as I was about to buy when I felt myself get really excited about it because two of them were making good gains. I stopped myself, admitted to myself that my emotions were running amuck and I closed the computer.
The next day I made the trades but with ice running through my veins and no emotion. I found that by admitting to myself that my emotions where high I could gain control again.
Excellent you are really on the way to becoming a proper shark!
Gary writes :
"For throwing your heart, soul and energy into one fact-packed, full-on and exhaustingly educational day: FIVE stars with no hesitation!!
Met some really nice people too - like me, nervous that it was the most we'd ever spent on a whole day of anything (had we made arses of ourselves?) But no one felt short-changed, especially when you were still going strong when we all wanted to go to bed! One of your delegates, Susan, back for a second time, said to me unequivocally, "you will go away absolutely inspired." I can't disagree.
Thanks Gary, hope you make some money!
Duane writes:
Wanted to say a big thank you to you and Mrs NT for an amazing day of learning and fun at your seminar.
The way you explained the share trading from start to finish was understandable and really interesting, well worth the seminar fee!
It was great to hear such down to earth and honest assessment from a successful trader like yourself. The way you explained everything was good revision from your book and gave further insight into successful share trading.
I particularly liked your live trades and going through your accounts when you gave snippets of why you invested in certain shares and why you kept/dumped them. Also helpful was the way you searched for prospective shares and within minutes discounted them or put them on a short list for further examination and correct entry points. Amazing!
You could really tell that you loved doing what you do and your energy levels to keep going till 10pm was well....... I had to leave at 9pm I was shattered!
Thanks again Robbie I am keen to put into practice what you have taught me. Even though you make squillions from your trades and I am sure don't need to do the seminars for financial gain, but please keep doing those seminars for newbies like me!
Thanks Duane! Don't expect to be doing them foreever but very rewarding for me to help people so expect to carry on for a while longer.
Gabriel writes:
If you are reading this, you are perhaps considering going on one of Robbie's Seminars. You maybe asking yourself (like I did) the testimonials are all well and good but once the euphoria and excitement of attending a Seminar has died down ..... and I am back home in my normal routine and faced with the "graft" of putting it all into practice... will I become a better trader and be financially better off?
Let me tell you that in my case it certainly has!
Book your place pretty sharpish....... is what I say !
Thanks Gabriel!
Paul writes:
Well it's the end of 2017 and I am very pleased about it. I first read your books around 2 years ago and went to your seminar last xmas. I've been trading 'proper' now since January of this year, I uploaded £3k to my spreadbetting account and I have ended the year with £9k. Whilst this is obviously peanuts, I have managed to achieve this by taking trades for most part of the year to the equivalent of £1k, with £200/£300 per trade being my target and of course I have lost trades too. So my return has been great, I am now taking trades to the equivalent of £2.5k and often buying more if it goes in my favour so sometimes £5k in total which is what I noticed you do, so for 2018 I am really in a position to push on and start making some decent money.
My life has completely changed this year, I sold my coffee shop in April to focus on trading, I have every school holidays free to be with my kid and I can do whatever I want whenever I want. I remember reading the first chapter of your book and being inspired to live this kind of life - I am almost there now and I am forever grateful.
Thanks Paul, glad you could change your life but you did this through sheer determination and hard work. Well done.
Dan writes :
'It's obvious from his site Robbie Burns is a good market analyst and shrewd stock-picker. He is also a highly opinionated commentator on everything from TV shows to food. Therefore I expected his seminar to be 75% entertainment, 15% general exposition for beginners and-- if we were lucky-- 10% of something I could use to help me invest. But I could not have been more wrong.
The opinions on food and politics etc. though genuine, are I believe a bit of disguise or misdirection for there is a real touch of rebel genius here. And in the seminar, which is 95% hardball, 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. You can see at once why so many of us are merely stabbing in the dark with our investments.
This is a genuine coaching session in how to trade like him if you put in the graft. I have only bought one stock since, as I am waiting for the tools he recommends, but I got the price down by using his tactics and I cannot recommend the seminar too highly if you are going there to learn. It must be taxing on him to let us at such length and in such detail into the process, which has made him so much money (for--unlike so many other so-called experts the seminars are not a day job). My advice therefore would be to sign up for this while he is still prepared to do it.'
I have 3 great offers from ADVFN.
ADVFN level 2 offer
This compares to £ 567.60 direct from advfn so this deal saves you £147.60! 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 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 Bronze Offer
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.
Bronze is included inside the level 2 deal.
Advfn Silver Exclusive Offer
The deal is via me you can save nearly £35 for your first year by paying just £174 inc vat via me instead of £208.43
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line. Please note if you want to discontinue the sub you need to give a month's notice by post.
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. This includes asking me what to do with a share, what I might "think" about a share, or deconstructing any of the buys I mention here. I would be grateful, see FAQ for more on this. Of course more than happy to answer general questions not related to specific shares.
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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.
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Markets
I rarely do offers - Forex companies in particular offer me eyewatering sums. I turn all this down as I would never put out an offer for a company where I think my reader will 95% likely lose, or be taken for a ride.
Having had lots of mails from people using Stockopaedia and using it myself I am 100% confident.
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:
http://www.stockopedia.com/nakedtrader/
****
MARKETS
Next seminar is MAR 16TH JAN IS SOLD OUT
- mail me at robbiethetrader@aol.com with "Mar seminar interested".
More and more anectotal evidence keeps showing up that we are getting near the top of the market.
"Top of the market to you!"
Yet again on going out to dinner with friends almost the first thing said by one was "I'm going to buy some Bitcoin."
That was after several friends of Mrs NT's whose idea of the stock market is to be kind a bit rocky also made similar comments.
I try and move conversations like this along as I know they look at me hopefully as if I should validate a massive gamble.
Instead I go "have you heard such and such is splitting up with their husband"¦" (This usually works).
What I would say is "Are you bonkers! Playing with something that could go up or down 30pc in a few hours! What could possibly go wrong?
Oh and something you might not be able to sell at all if the S really hits the fan.Go to Kempton Park instead and have fun on the horses..
Anyway more evidence from reader Ann
" Hi Robbie..."You always say that when everyone is buying we should start selling -
I waste many hours on Mumsnet. For the first time I have seen people posting advice that posters should invest in stocks and shares.
Someone posted asking if it was a good idea to spend her 100,000K money pot on a b-t-l property, but two posters have come on telling her to put it in stocks and shares! I've never seen that advice before. Is it signalling the end of the boom!!!!"
Yes it probably is. And I'm getting more and more emails from people obviously just wanting a good gamble.
And reader Phil writes "When using Google to search the term "Why are...." the following came up as a top ranking suggestion "why are cryptocurrencies falling".
I am guessing lots of people put cash towards the top of the bubble and are now asking Google what's happening. I believe Google makes suggestions for searches by the number of searches people make. Could be some big losses for people who entered late into the trade..if they can get out."
Reader Teresa says "There was a question written in to MSE with Martin Lewis
this evening asks is it good to have a stocks and shares ISA. Another sign we are near the top?"
I bet the spreadbet firms are laughing all the way to the bank from those trying to play currencies. (ps 99% lose playing normal currencies, good luck with that). Any anecdotal evidence we are near a top gratefully received.
Anyway as you know I've been away to Dubai. A few red flags about the economy there see up top. I try not to trade much when on hols. Dubai makes it easy, markets open at noon!
Xmas rally trades were on and stops were soon put in place.
Now I know. Reading about how a smug t
made a lot of money on it again must be irritating and I do get it. It's always more fun to read about things that go wrong. When they go wrong I promise I will tell you and it will be more entertaining but..
But I did make a lot. Both on the FTSE but more on the Dow Jones.
Indeed the rally just kept on going and I just kept moving up stops as they went higher. In the end for example the ftse got to about 7790 or so and I raised stops to 7725 ish where they got stopped out and I took giant profits. Actually about where the FTSE is today.
The Dow ones however really paid off the most. Overall? I made around £75,000 possibly more. I've just started to cut the Dow bets and have about a quarter left. I prefer to bank the profits rather than worry about making any more, or missing out on more. Leave something for someone else as they say.
The Xmas period is the only time I would put a big bet on the indices as all the politicians are on hols and it is less likely a big market moving announcement would come about.
I am now tempted to go short of the FTSE. Could be easy as just get out if it goes through all time highs. Using spreadco.com/nakedtrader
helps with the 0.8 spread.
Indeed over the holidays with shares combined I made nearly £150,000 which is already enough for the whole year. It is tempting to cash in for this year and spend the rest of it feet up and working on other projects away from money.
So. I've taken some profits, banked an awful lot of spreadbetting gains and locked them away.
I reckon this year is going to be difficult. There is a lot that could go wrong and with markets riding at highs why take the risk?
This year is the year that every trade MUST have everything going for it. And the main thing has to be low debt or net cash. Anything with big debt could get hit (see Carillion).
I expect to trade less, probably go short if they start to tank and maintain a massive cash balance. I don't have any need to trade at all for some time, everything I have is paid for, no debt.
Onto some actual trades then. It's a bit difficult as it's been a while since the last update and I made a few nice trades. However one or two I already took profits on so won't bother with those and one or two were made before Xmas so I'll leave those to myself!
I think just mention the more recent ones made in the last week or two. Less work for me too! Indeed here is one made this very morning!
This share that popped up on a screen at the Friday seminar and it was Abcam (ABC). A very interesting one. The problem is it is rated quite highly.
Before buying a high rated share as we discussed you have to decide, is it worth paying the price. Well, it can be if it is a great company. And I think this one is !
So I bought some as early as I could this morning. ABC supplies life science research tools. Profits are soaring and forecasts look good.
Trouble with highly rated companies is any question mark and they get hammered. I feel this is unlikely here but still a possible.
However my initial intentional is to park Abcam shares into the ISA and hopefully let the share price gradually grow with a long-term view.
It is quite volatile so I will give it a chance to breathe. It just could be one of those that could be 50% higher by year end.
A similar view I have of Taptica (TAP).
Those that get the
email know I bought this for the sipp already previously but now I added them for the ISA.
It's already announced that it expects its earnings for 2017 are going to be ahead of expectations and it has just raised £22m via a share placing which is promising. Its valuation looks on the low side given earnings are ahead so I have bought some pretty much like ABC with a longer-term view.
One of the biggest mistakes I think made by traders is the fear of buying things that have gone up "" they would rather the shares came down again to get in. But better to just buy them because if they are good they will carry on going up.
Case in point is K3C. I'd already bought these in the 120s but was more than happy to buy more much higher when they came up with a superb statement.
Always look at a share from, afresh as if you had never bought it. Would you buy it on those fundamentals? Ignore the rise then and buy some more.
I think K3C looks well run and we had a good look at it at the seminar. Still looks very cheap and there seems a demand for the shares in the market.
The market makers offer good prices for sells which is a good sign. Potential big winner for 2018. The spread is a bit of an issue but usually I have dealt well within it for both buys and sells. But of course if anything went wrong with the shares they could be hard to sell as fairly new on the market so one must be careful not to have too many!
And I picked up some Computacentre (CCC) another seminar pop up!
This company has absolutely tons of cash, so much it is due to announce a tender offer to shareholders tomorrow. Its statement today was very strong indeed with lots of buzz words especially another "ahead of". Oh, please don't email me what a tender offer is, google it !!
Some profit taking to report. I've finally sold the IG spreadbet it has had an amazing run and banked profits of £2,950. This adds to the profits of £1,598 on the original buy and a lot more for me personally.
I had a great run with Vlx, it's gone nicely over target so taken some nice profits of £1,211. ULS hit over target for a profit of £229. Xsg profits taken of £2,585. A topslice at Nfc for £647.
Fenner, goodness I never thought it would zoom up so fast and keep going and it was an easy decision to take profits of £2,570. I didn't get out right at the top before it slid but happy with the trade. It has slipped a bit these last few days and I'm considering a re-entry. I have quite a lot of 888 (a lot I have more than doubled on) so took a top slice of a more recent buy banking a profit of £800.
That's total profits taken for the site today of £10,992.
Elsewhere the market seemed happy with Alliance Pharma's statement today, very big profits building here and for now happy to remain holding.
Same comment to NMC health up yet again today on its announcement today. What a share "" 500p to over 3000p!
Sopheon (SOPH) is on a very good run after the market seemed very pleased with its very bullish statement, looks like this one could start to run up above 500 and could yet prove to be a substantial profit maker. A lift above 500p could put 600p in play.
Great statement from Safecharge (SFE) , very confident and a massive dividend coming up. It also announced it has FCA approval for payment services.
I've had a good "strike" with my two tenpin bowling operators Ten Ent and Hollywood Bowl. As I said when I bought two great tuckaways, Ten especially is nearly a quid higher.
There remains hardly anything in the portfolio losing at the mo so very happy.
However as discussed above the market is high and so caution is needed. I'm quite ready to go into more cash and switch into shorts if needed but as usual I keep an open mind and if it continues to climb I will try and take advantage. Those of you who have made good sums, you must decide your strategy if the market turns"¦
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*** If you'd like my website updates sent direct to your mailbox (you get it first and a little earlier) plus the odd higher risk trade made for my pension, you can get that for either a smallish one off fee, or signing up for a service from Utility Warehouse. For details on either way of making sure you always see my updates first mail me at robbiethetrader@aol.com with "mail service" in the subject line.
** Two Newer Spreadfirms I Use
It is hard to find a firm that does prices on the very small companies but this company does:
http://www.spreadex.com/nakedtrader
***
If you like to trade the FTSE, Dow, or currencies then Spreado has an outstanding tight 0.8 spread - that is incredibly tight. The platform is very good and robust and have used it to great satisfaction and profits.
You can sign up at this link which includes a decent market commentary:
http://www.spreadco.com/nakedtrader
***
I also use IG's spreadbetting service too along with other firms. Great execution of trades and nice trailing stops which to me is a pretty sensible way of trading. Also with this link there is an excellent education programme and it offers the biggest range of smaller shares.
http://www.ig.com/nakedtrader
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. Read Spreadbetting chapter in naked trader 4 which highlights the risks.
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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.