more than £2 million banked since launch

16 Jul

JULY 16, 2014

Time to hit California!


Regular Updates Resume After Hols On September 10Th

SPEND A DAY WITH ME AND LIVE MARKETS ON SEPTEMBER 22nd NEAR HEATHROW **

Read the book but want to see me do it all with live markets? If you want details on how to spend a day with me and live markets (beginners and improvers welcome) email me at robbiethetrader@aol.com with "September seminar interested" in the subject line and I'll send you details, more details below too. A decent early bird discount available for early bookers.


NAKED TRADER 4 IS OUT NOW - WITH FREE NT T-BAGS ! DELIVERY WITHIN 3 DAYS
Naked Trader 4 has just been published - it's only available from this website till September for delivery 1-3 days on this link:

http://www.harriman-house.com/book/view/1040/trading/robbie-burns/the-naked-trader/1317
Or click the book on the right somewhere. Delivery of the book? It should be with you within 3 working days. Ignore the bit where it might say September 8th publishing date or pre-order, it will be with you in days! And if you buy the print copy you get the e-book free!
As well as getting your hands on a copy 2 months before general release, you lucky readers will also get a free packet of Naked Trader T-Bags tested and approved for use with toast by yours truly!
The book is a total update since the last one which I wrote in 2011 - a lot has happened in the market since then and I cover all the changes such as the new ISAs and duty free AIM shares.
There are tons of ideas, trader stories, psychology, biggest trading mistakes and 20 trading strategies to make money. Also loads of stuff I have learned over the last three years.
New insights into trading tax free, tons of examples, a whole load of new traders' tales and some of the trades that have helped to make me well over £2 million tax free.
If you bought NT 3, I think you'll find it is worth getting the update. My new views on AIM shares now they are tax free, loads of analysis of trades I made more recently. And loads of new stuff on psychology and why you might be losing, including a new look at confirmation bias and the effect this has on your choices.
I would say this but I think it's my best effort yet, especially pleased with the stuff I've written on why so many people end up losing. I've met a lot of people at seminars and talking to them really helped me to understand the problems encountered and so pass that on.
I hope you enjoy reading it, and that it helps you with your current trading, or if a newbie, helps you from the start. And enjoy the tea: I tested ten different blends, this is the best!
Great to meet so many interesting readers at the seminar, more further down!

This is my last update till September.. we're shortly off on our California road trip, then we come back for a bit in August for a rest and then we finish off with a quick week in Spain before the start of the new term.

I hope you all have a fantastic summer, life is for living go and enjoy the light days before we are soon plunged back into the grimness of winter.

We're travelling all over California hoping to hit San Fransisco, Los Angeles, Las Vegas and lots of other places along the way.

We're also meeting and staying with two sets of relatives - other than that, it is us, a car and the US ! We are not sure where we are going - we have one or two hotels booked but that is about it.

Goodness knows what adventures we will get up to ... I'll fill you in on what happened in my first update in September.

Thanks to all readers who mailed with some ideas for us, all have been noted!

Time for us to think about what to take. Have I got swimming shorts? How's about plugs? Where the hell are the passports, usual stuff!

While we are away our lovely cleaner is moving in, promises a deep clean and also she'll be looking after our fab cat Crumble.

Crumble by the way has been doing fine since we got her and sleeps with Christopher every night. She calms him down so she earns her keep!

Christopher managed to finish top goalscorer of the season in Friday night football so well done him and another football trophy to add to his arsenal. That's arsenal by the way not Arsenal!

No football till September now....

We saw a great movie called "Boyhood" - an amazing project as it follows a boy growing up from aged 6 to 18, played by the same young actor.

Other actors also age during the movie for real as most of the actors returned every year for a few days to film a bit more.

Probably if you have a son you'll leave the movie with a mixture of sadness and joy. But I guess the main theme is time flies and if things aren't going right for you, then treat whatever is going wrong as a badly performing share - and cut it out of your life.

Enjoyed meeting many of you at the seminars the last two Mondays. Thanks for all your interesting trading stories, ideas and more.

I picked up so many decent trades myself at the seminars so was very pleased. There are so many of you I could name check! But let's say at least Hi to Bruce who came armed with a box of Yorkshire T Bags which I of course shared with everyone. Why do hotels insist on the horrible Twinings?

And I am glad a lot of you enjoyed the Mr Whippy Ice cream machine in the breaks. I let my Mr Whippy melt and so it turns into an ice-cream milkshake.

I'll take it as a compliment that I couldn't get rid of most of you until well past 9pm in the evening!

Thanks for the lovely feedback... I was delighted that so many of you were "getting" level 2 and getting more understanding of how to time an entry and exit point into and out of a share. I think also one or two nice trades came up which we will keep to ourselves! Lucky it turned out a good day to be looking at live markets.

I'm glad you enjoyed the ambiance, the laughs and I thought some very interesting trading stories we could all learn from. And as you could all see from my million plus ISA. It IS possible to make big money from smaller sums over time.

Good luck to all of you and hope your trading goes well. Remember everything I taught you. Use the timing tricks I showed you, make sure the research tests are done, and check level 2 carefully, is it really the right time to buy. If you forget anything don't forget the notes I sent you and remember the trading sheet I mailed you puts it all together for you.

If you missed this one the next is on Monday September 22nd. mail me at robbiethetrader@aol.com for details with "September seminar interested" in the subject line. There is a large discount for early bookers.

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 the last one 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.'


**Follow Ups**

If you have been to a seminar before and would like to follow up with me and live markets all day email me at robbiethetrader@aol.com with "follow up interested" in the subject line. No date yet but will be sometime in October probably.
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.utilitywarehouse.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!

Prices are guaranteed lower than the top 6 suppliers for energy and lower for mobile, home phone and broadband with some amazing prices.

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 Capital Spreads offers a great book on how to spreadbet for readers via this link http://www.capitalspreads.com/ntrader
Its spreads are surprisingly tight and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset. A super site for beginners.
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:

http://www.ig.com/nakedtrader

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 £145 inc vat via me instead of £173.71
Just mail me for full details if you'd like it with "silver" in the subject line.


Naked Trader Seminar Latest News

NEW DATE: SEPTEMBER 22 NEAR HEATHROW
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 SEPTEMBER 22

Price is £650 plus vat. However there is a decent early bookers discount available for those booking nice and early.
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 "July 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?


Capital offer

Spreadbetting firm Capital Spreads offers a great book on how to spreadbet for readers via this link http://www.capitalspreads.com/ntrader
Its spreads are surprisingly tight and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset. A super site for beginners.
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:

http://www.ig.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


Naked Rambling

About time Cameron got rid of the dead wood. William Hague especially had obviously got bored and tired with politics (who can blame him?).

The only thing is where is the representation of bald blokes? Is the government simply baldist? Bald guys work harder you know (and we are way better in bed, we aim to please).

Might as well get some new blood in. But the best news of all is that all the horrible politicians and their hangers on are off for the summer and we won't have to put up with stupid drivel for a while.

Next year is going to be horrendous, best not watch the news at all till the election is over.

If I switch on after and see Milliband and Clegg in charge I am selling up.

There's a plan to double points for those texting at the wheel. How's about an immediate ban if you are seen texting while driving? It just should never happen. Try driving in Florida, you can see cars veering all over the road as a driver tries to text.

Also how's about a ban on pedestrians texting. I'm fed up with zombie texters getting right in the way of you and stepping into the road without looking.

Although I am biased: I have never sent one text in my life ! If you want to get in touch call me on the landline if I'm not in I will call you back - when I feel like it!

The Honourable Lady looks like the start of a decent British drama (about time we had another of those).

Orange is the New Black is getting a little soap opery and so the second series hasn't quite lived up to the first but still better than most of the crap the UK turns out.

The Breaking Bad spinoff "Better Call Saul" is out next year, looks like it will be good as they are making two series of it.

It was a brilliantly entertaining world cup. Only problem is now a move from the sublime to... watching Fulham play Ipswich. Help.

The German team was amazing and showed how the sport should be played. A shame Naymar got injured because he is fun to watch.

I made a few quid on bets. Broke even on Brazil, made a few quid on Argentina and a few quid on the final betting on no goals at 90 minutes though got a bit lucky there.

So the end of the good football and time to watch another season of moderate players getting paid stupid amounts of money.

I use this company to spreadbet sports with

http://www.spreadex.com/nakedtrader/sports
Good quick execution of bets and a great range of markets. Recommended!


Naked Mail

Dave writes :
I agree with comments about Dr Who and Breaking Bad. I used to enjoy Dr. Who years ago but I think it's worn out, it's all about celebrity now, like everything else on telly.

I recently was enjoying the Sopranos a friend let me borrow (fascinating story lines) and my son Rob in Australia (an irrelevance to you of course), he said if you like Sopranos you'll love Breaking Bad. Wow was he ever right. I got the full set from Amazon (apart from the last season). I'm having to eke it out it's so brilliant I don't want it to end, that's the sad bit. What about the uncle in the desert in the wheelchair with the bell strapped to the arm of the chair, the missus and me just fell about and many more just brilliant set ups dragging out every emotion.

Agree Dave, love Breaking Bad. Only five to go for me and I won't spoil what happens for you except it gets more and more addictive!
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!

Terry writes:
Fantastic seminar.

I have always been sceptical of the public testaments you see on web sites
saying how great an event was. Now I'm one of those people!. I
genuinely believe that the tips and techniques as well as the overall
approach you demonstrated will radically improve my trading performance
Thanks Terry, well all the testaments are real but know what you mean and glad you feel it was worth it!
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

SAVE OVER £120 !
First great deal: If you want level 2, through me it is only £350 for your first year including VAT!
This compares to £473 direct from advfn inc vat so this deal saves you over a whopping £120! 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. So if you get level 2 and want to learn how to use it properly live, book my seminar!


ADVFN Bronze Offer

Deal two is ADVFN's bronze subscription - normally £74 pa - available from me for only £50! (inc vat) That's a saving of over £30! You access to the premium bulletin board which contains my discussion forum with direct access to some very good traders. Plus 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, market maker buys plus chart breakouts and downs. All as explained in the book.
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

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 nearly £30 for your first year by paying just £145 inc vat via me instead of £173.71
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.


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.
****
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.
****

A reminder next seminar is September 22, Mail me for details at robbiethetrader@aol.com with "September seminar interested" in the subject line.

***
The usual early summer lull is here as usual. With lighter volumes and people away it can mean some crazy volatility. You can find massive moves both up and down, enough to drive anyone sensible crazy.
There are a few ways of dealing with it, clear out and come back in September and enjoy your hols without a worry.
Sell up and wait for some bad days over the summer and do a little bargain hunting. Or, keep hold of some of your best ones, ignore the volatility and do a little shorting to cover.

I'm off on a roadtrip to California so I've done some clearing out, got some cash on the table, took loads of profits recently. Got some shorts open in the high 6800s with trailing stops. Keeping hold of some of my good ones. Will look out for the odd day when away to buy at lows.
My main message over the summer to anyone is: don't overtrade. Buy something on a bad day only if you really think it's a good one and get out of it fast with a small loss if your entry point is wrong.
My other message is: don't take young kids to music festivals!

After my big clearout, taken profits, bought property I'm in the incredibly lucky position of not really having to worry about money ever again. I would have more than enough rental income now to pay to live well even if all my shares went to zero.
You may not be in the same position yet - so do take care over the summer especially if you are new to trading/investing. Keep your fingers off the trade button unless something looks exceptional.
The last thing I want while I am away is to add anything volatile because even a trailing stop means I would probably get stopped out at a loss.

But I added some Scisys (SSY) after getting a poor entry point last time. It's a nice quiet one which shouldn't crumble.

I got 5,000 at 83 live at the seminar. Recent statements have all been strong. And it's buying back its own shares which should at least keep the price stable.
It keeps winning contracts and generates plenty of cash. So I hope for a re-rating up to 100 or so in time and it looks cheap in the 80s. Hard to get many too which is a good sign.

I couldn't resist topping up on more Xaar (XAR) this time at 493. As explained last time looks a good recovery play and as those that came to the seminar could see I was up nearly £5,000 on it already on spreadbets. I'm aiming for a return to the 600 level on this one.

I bought some Blinkx (BLNX) at 32.2. I don't like volatile shares with question marks however I went for this because of its huge cash pile. But it's not one I'd want to be in for very long and would expect to be out quite soon hopefully grabbing a nice profit. Someone between 40 and 50 would probably do.
I shorted three, all live at seminars on spreadbets - Howden Joinery,Kofax, and Ricardo, all three looking a bit overpriced. Howden tried to break 326 three times and failed so did a fairly lumpy short on that at the seminar at 325 and it's paying off nicely, indeed all three shorts have. I don't really intend to hang onto them for that long and expect to bank profits pretty soon, probably before I leave for the states.

Playtech (Ptec) has become a lovely trading range share and I'm trying to repeat the buy at under 600 and sell around 650 trick, this time got them at 596.
I sold Npt at a tad over 17 for a profit of £132. Although it looks good quite simply it refused to go higher and was then starting to come down which seemed some kind of warning sign and with level 2 looking weak I sold up. A statement then came out yesterday and it went down but I'm a bit puzzled with this one but why argue with the market? I'd be looking to buy it back quite soon on the weakness.
I've taken the final profits in the lovely Kentz That seems weird given I've owned it for a number of years but it has gone now after the bid, I felt it worth taking a few small pence less than the bid price of 935 to bank the money rather than wait a while for the full 935 in cash.
So that is a final profit banked for the website of £19,805 on the various open positions and over 5 years Kentz has earned me banked profits in excess of £100,000.
Goodbye Kentz, you have been a star! Thanks for all the lovely emails that have been coming in from those of you who bought Kentz particularly at the various seminars it came up at over the years. (Well done Chris from Wigan!!)
I sold dsg for a nice profit banked of £972 , it reached target and I had a nice quick run with it. And I banked half JLF at 121 for a profit of £250.
So that is total profits banked for the website of £21,159
The rest of the portfolio looks lovely - goodness knows what open profits are overall but probably in excess of £150,000.

Of course on the site I don't include costs but then I don't include dividends either and the dividends outweigh the costs by a long way.
I shall probably lob in trailing stops as I am off on my holidays and I've closed off most of my spreadbets for now to resume in September. However I have build up some shorts on the ftse in the late 6800s so at least I make some money should the markets do a summer tank and I also have some suk2 in the ISA (See my book).
If the ftse busts higher over the summer then I've left stops in to close out the ftse shorts.
And with that I leave you till September, see you again with any market action I've been up to on September 10th when regular updates resume.

Try to be good: don't overtrade and those of you who have been to seminars, remember, do not press buy or sell till you checked level 2 and the other timing tricks I showed you and use the trading sheet I sent to ensure you did all the checks I suggest before ever pressing a buy button!

Have a lovely summer, see you back here on September 10th.


** Two Newer Spreadfirms I Use

FOR SMALL COMPANIES:

It is hard to find a firm that does prices on the very small companies but this company does:

http://www.spreadex.com/nakedtrader

It does spreads on smaller ones other companies don't like Dillistone so worth having an account for that, been using it for a while and very happy so far. They also have an Ipad offer at the moment which is on that link

***
TIGHTEST SPREAD FOR TRADING THE FTSE/DOW ETC

If you're into trading indices this one is the cheapest with just a 0.8 spread which is fantastic - execution is top too

http://www.spreadco.com/nakedtrader/

If you start using them and find any problems please let me know.
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.ig.com/nakedtradercfds

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. 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.


Capital Spreads offer

Capital Spreads offers a really excellent book on spreadbetting for those who open accounts through the link below. Spreads are very tight and every trade has to have a stop loss which is excellent discipline to have especially for beginners. Execution is really good I find and they also allow shorts on shares it is hard to get shorts on like say Carpetright or facebook.
To get the offer, click here:
http://www.capitalspreads.com/ntrader

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.utilitywarehouse.org.uk/fabdeal you can sign up directly there but do tell me! (Click become a distributor and follow links)
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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
on every other Wednesday afternoon.