JULY 30, 2016
Trade Like A Shark!
International Finance Awards 2016: Best Finance Blogger: Robbie Burns
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SEMINAR: SPEND A DAY WITH ME AND LIVE MARKETS
MONDAY SEPTEMBER 19TH 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). 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.**
Email me at robbiethetrader@aol.com with "Sep seminar interested" in the subject line and I'll send you details. There is a massive discount for the first ten to book.
MY NEW PSYCHOLOGY BOOK "TRADE LIKE A SHARK" IS JUST OUT!!! DISCOUNT OFFER:
My brand new book on trading psychology is just out! Available now for next day delivery.
Though it says it isn't out till Sept 26th that's because we don't want amazon to have it for a bit! If you order it here, you get it next day even though it says sept 26th.
It's called "Trade Like A Shark".
I read books on psychology in the past and liked bits of them but felt there was something missing. They either got too technical or went on too much making me bored and I realised no-one had talked to those who had lost a lot of money.
I very much enjoyed writing it "" indeed bizarrely I learned a lot about trading psychology from writing it and via all the traders/investors I've talked to, had emails chats with over the years. Thanks to all of you who contributed real stories.
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.
Also how to tackle the 8 deadly emotions, figuring out what sort of trader you are... tackling fear, greed, ego, danger zones and traps.
Everything really comes from hundreds of traders I've met or had conversations with - whether a beginner or advanced I hope all the info there will be useful and especially in the current post-brexit crazy market. Learn how to trade like a shark, not a fish!!!
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 to get it for £12.25 p and p. If you just want the E Book at a discount tap in code NTSHARKE. The E Book is free with the print version.
If you are coming to the seminar I will have some copies there and happy to sign them if you want.
**Website Updates To Your Mailbox
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£50 or £100 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 £50 discount off UK sub or £100 off USA
sub and free 14 day trial you need this link:
www.stockopedia.com/nakedtrader/
Looking forwards to meeting those of you coming to the seminar on July 11th . The Euro exit is strangely good news in a way as there are lots of bargains out there and some great entry points around in shares especially for beginners.
So I hope you all enjoy it like I will -
Good news is my Mr Whippy ice cream machine is coming so I will be pigging out all day on 99s. If I start to look sick, please stop me from eating them.
Doors open (well actually the one door) from 9.30 and I'll start around 10am. I will be providing notes but anything can happen live so do take your own. Hopefully some good trades will show and we will have fun with live markets.
Remember no question is "too stupid", it is a relaxed day with no "suits" and all I want is to tell you how I do things and how you can copy that. Got a great lunch and snacks lined up too - see you there!
I've "freaked out" twice in the last week. One was a good freak out and one a bad one.
The bad one was the Euro vote! More in the markets section below. Really I never expected the out to win. So though I did freak out I'm all calm now! Things are never as bad as you think they are going to be.
The good freak out was"¦. Chic! We went to the Fold Festival on Sunday where Nile Rogers of "chiq" fame played along with some of his mates.
A fantastic evening full of the great hits like.. Freak out, We Are Family, Everybody Dance, well the list is endless.
The big star of the show was singer John Newman, who sang his current top ten hit with Sigala and Nile Rodgers called "Give Me Your Love".
It's brilliant and could get to number One. The great thing about John Newman is he doesn't have the looks or body of a standard pop star but just a great voice and enthusiasm, very refreshing.
The whole crowd rocked and Christopher had a great time up on my shoulders dancing away at his first festival.
Now he's heavier it took a bit of doing and the shoulders feel pretty stiff at the moment..
In fact we're enjoying lots of events at the mo! Of course it pretty much rained the whole time but that's what we expect!
Saw the English tennis star Andrew Ward put up a good show against the number one player, and a super atmosphere at Wimbledon.
Just as well I'm not bothered about strawberries, the prices are eye-watering.
I'm very lucky as next Monday I've been invited to Wimbledon as part of a corporate hospitalitly thing. Not only centre court seats but hospitality in a nearby house where there'll be a champagne breakfast. All thanks to Spreadex.
Plus a BBQ and lots more going on "" should be great will let you know all about it in my final update before my website summer break
We're also off to the races too and other trips. Life is short and must be lived, I hate the winter and love getting out there in the "summer".
Seminar news: Next Monday Sep 19th
Mail me at robbiethetrader@aol.com with "Sep seminar interested" in the subject line.
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.'
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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.
To sign up and get an excellent weekly education programme use this link:
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
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 Sep 19th
Price is £650 plus vat. However there is a substantial discount on offer for the first ten to book. 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 "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!
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
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:
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
Tory or Labour leader? Manager of England Football Team? Presenter of Top Gear?
Probably the most poisoned chalice is the Football manager. Good luck to whoever takes that on and time to say this quietly... (stop playing Wayne Rooney)
Well, what can you say? A bonkers out vote means endless political upheaval. The whole thing is bizarre.
And the politics around at the moment is a surreal mix of a Shakespeare play and Game of Thrones! Oh and House of Cards too.
The Corbyn saga is a laugh a minute. They say he's a "nice guy". Is he?
To me he seems like an arrogant man stuck in a little enclave in a rich area of London - he can't possibly have anything in common with say someone in Sunderland who has no job.
But Jezza provides even more entertainment than Gordon Brown. The supply teacher given an unexpected stab at being headmaster who refuses to quit.
George Osbourne is done for. The guy just isn't a great communicator it isn't his fault he looks like a deputy head prefect ready to bully younger kids.
Who's it going to be for the new PM? Michael Gove or strong disciplinarian Theresa?
Gove and Boris obviously fell out yesterday and in a fit of pique Gove has gone in to screw his "friend" Boris. (Not literally what a terrible thought.)
Boris realised he wasn't going to win without Gove's support and for now looks like a probable shoe-in for Teresa, a woman who you really wouldn't want to mess with.
The only thing we can say for certain is all these politicians care less about anyone but themselves.
What has happened to the middle ground? Mad lefties and mad righties.
There is one thing we know about both of them: They like to control us.
Game Of Thrones came up with another great series. Those battle scenes were quite remarkable. And the twists at the end just kept on coming. I won't say much more in case you've not watched it yet.
If you haven't. Well, wow, it's such good TV. And I'm not even a fan of fantasy (except in bed of course). I've suggested my wife play Cersei and I'll play the handsome guy the Queen of Dragons fancies. Look, I did say it was fantasy.
One bit made me laugh. The Mountain is about to kill someone who says "F You"
The Mountain says "Is that really going to be your last words. Can't you do better than that?" The about to die guy says "C***." The Mountain says: "You reall y are s*** at dying aren't you?"
Billions has now become my favourite series of the year! It's got better and better, and if you missed it, especially if you like trading you are in for a real treat.
You can catch up with most of the series with sky catch up and boxsets meanwhile current episodes go out on Sky Atlantic on Thursday nights.
Dodgy insider trade hedge fund boss versus f-up regulator boss. But there's lots more than that. Truly excellent, can't wait for tonight's episode.
Big thanks to Sky for Sky Atlantic channel which consistently airs great shows.
What can we say about England's dire performance? Poor Hodgson is just a way too cautious manager. We need someone with an attacking spirit.
I just don't know what happens to players when they pull on an England shirt - they just seem to go to pieces. I backed France to win on a spreadbet, I'll get a decent profit too if they lose in the final but lose if they get knocked out this weekend.
I've had my bets with spreadex. Link below.
Good place for spreadbets and fixed odds for sport (and the EU vote) is here...
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
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.
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
New offer: £50 or £100 off Stockopaedia and free trial
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 £50 discount off UK sub or £100 off USA
sub and free 14 day trail you need this link:
www.stockopedia.com/nakedtrader/
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Well well. I suppose the Euro vote goes to show you always have to plan for the worst in the markets. Especially when a binary event is coming up which could mean your shares will be a lot higher or a lot lower overnight.
I know some of you must be hurting "" a lot of people lost a lot of money over two days and some hedge funds were wiped out.
Losing money even on paper is a hard thing to go through.
If you are experiencing bad feelings/problems the hopefully a read of my brand new book just out this week will help.
"Trade Like A Shark" is my book about trading psychology and how to cope with all the problems it can bring. I examine everything that affects your brain from people on bulletin boards, the problems with social media.
The 8 deadly emotions that can screw up anyone's trading. How to keep your head when everyone around you is losing theirs (like Game of Thrones). There's more about the book at the top of the diary section of the website but you can order it here for immediate delivery. (Ignore the bit about publication date of Sept 26th - that's just to fool amazon, sssh don't mention it).
Everything really comes from hundreds of traders I've met or had conversations with - whether a beginner or advanced I hope all the info there will be useful and especially in the current post-brexit crazy market. Learn how to trade like a shark, not a fish!!!
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 to get it for £12.25 p and p. If you just want the E Book at a discount tap in code NTSHARKE. The E Book is free with the print version.
If you are coming to the seminar I will have some copies there and happy to sign them if you want.
Hope you enjoy reading it and the many stories within.
As I said last time if there was a Brexit (which I never thought would happen) shares would tumble hard but maybe for only a few days till buyers came in for the bargains which so far is the way it played out. In fact I did say on a Brexit
"Wait for a couple of days and then buy the bargains" which is what I did.
If you may remember last time I sold out of a lot of stuff raising hundreds of thousands in cash in case the worst happened even though I wasn't expecting it.
After my last update I continued to do a bit more selling and took out some shorts, both etfs in my isa and spreadbets so if there was an out vote, I would still lose some money on paper but not too much and have firepower to buy shares at discounted prices.
I really never expected an out vote though. When Nigel Farage conceded at 10pm and the polls went for remain I breathed a sigh of relief. I then thought my Plan A was going to work nicely.
Plan A was wait for the market to go up for a few days, sell loads more stuff into the rises, and have a lovely summer holiday with no or hardly any trading needed.
So I was about to go to bed but wasn't feeling tired so stayed up to see a few of the votes. The poll expert said Sunderland was key so waited for that result.
As soon as the result was announced with Out winning convincingly I realised remain was in trouble and quickly bunged on some spreadbetting shorts.
In the next hour the ftse started to tank and so I stuck stops in. I then went to sleep woke up two hours later and saw the ftse at 5800 and realised Out must be about to win.
Then I woke up in the morning "" the stops actually stopped me out but with a nice 400 points or so profit yielding about £8,000 profit. That wasn't going to stop me losing on longs on paper but still it was nice to get quite a bit back.
I had some short ETF's in the ISA which I knew would pay out and a lot of cash so I didn't feel too bad about it all.
So Plan A hadn't worked and I was sad about that but Plan B wasn't so bad. Always, always have a plan about what to do if things go wrong.
On a market meltdown stops are no good at all, I removed them all from my spreadbets before the start of play "" the market expected a wave of sellers and the sell prices become crazy. (I don't have auto stops outside spreadbets)
I have never seen anything like it though! Some spreads were bonkers "" like a share normally trading at say 980-982 was 800-1050 ! Loads of examples like that around the place. You could see panicked people actually selling at idiotically low prices that were bound to rise later in the day.
My new book "Trade like a Shark" explains this kind of thing. The "sharks" were just taking money off the scared "fishes" at silly prices.
It's always best to buy on fear when everyone is panicking, you can get some great prices, like buying in the sales.
I remember so many seminars I did when the best time to buy was when everyone was gloomy like in March 2009.
For those new to the stock market, this is probably an amazing time to get started. Because beginners probably over the next few weeks will be able to start their portfolios with shares at outstanding prices.
Of course the Euro thing is a big deal. But"¦ nothing will happen for ages and you can bet the authorities will come up with stuff to get the market back up, whatever it takes, interest rate falls or more QE.
So while the markets will be volatile for a while things as usual will settle. And hard though it is probably better to be buying than selling!
I remember so many "fear" moments over the years. But in the end life did carry on, we didn't lose all our money and those that stuck with the markets made profits.
Overall? Quite pleased with the way I handled it. Maybe I went into a bit too much cash.
However I left my pension fund totally as it was! And without doing anything at all that has only gone down a fraction, so it's possible after all is said and done maybe the best thing was to do nothing at all!
However I guess I am lucky as I rarely hold property shares, some of which crashed or banks or suchlike. So I didn't get hit with some of those really meaty drops - I kind of got hit on paper by 5-7% drops.
What I find harder now is I have a massive one (and my portfolio) is that is it harder to shift money - it's very expensive to liquidate most of it for example.
If you're upset about losses you sustained remember that song "I get knocked down but I get up again".
There are many times over the last 16 years of trading I felt like quitting on a bad day thinking "Sod this for a game of soldiers".
But everyone at some point is going to experience some pain in the market. Without pain there is no gain. You have to take the pain and learn from it.
You'll see stories in "Trade Like A Shark" of people who made great comebacks from gloom. Have a read of those and ideas on how to bounce back from disaster.
These days remember overall as in Naked Trader, a "Get out Quick" policy is best using a "stop loss" as just an insurance.
Anyway I just really hope some of you got through this without losing too much. One of the main things leading up to an event like this is not use too much leverage with spreadbets etc.
My suspicion is a lot of people got wiped out because they overborrowed on their accounts and those on the wrong side of it may have had positions closed out at bad prices and are now sitting looking at a bill they can't pay.
So at the risk of being an old fart that warning always holds good: Only play markets or invest with money you really can afford to lose a lot of, say half.
Because I've been out a lot this week (wimbledon and racing and suchlike see above) I am now sitting here Thursday morning looking at a long list of trades I made before and after Brexit and frankly I am sighing to myself.
Because normally I don't trade much and so all I have to do is put up one or two or three trades that I made on the website.
Looking through my account there are simply loads.
Before I finish I will do my best to get through as many as I can that match the website trades but I just haven't the time to do them all even if I sat here all afternoon without even a tea break. And that isn't going to happen... a Twix is already sitting begging me to eat it.
So here are as many as I can and will try and complete the rest next time.
Best thing I think and easiest for me is to start with the most recent buys, these are shares I bought after brexit on what I thought were bargain prices.
However, I maintain some caution so that should for some reason another massive dive happen I would consider "get out quick". But I've picked shares that I think have longevity and would hope to carry on holding for some time.
But this is the reason I went into so much cash before the vote as I said last time, wait a couple of days and bargains would appear. I should also say I have kept hold of a lot of the cash and still have more than £200,000 sitting in cash. While the whole portfolio was down 5-7% the day after Brexit, it has since recovered nicely.
I bought some Next 15 (NFC) on a rather good trading statement - it only trades a small amount in pounds so the weak pound doesn't affect it much. In fact it stands to benefit from a weaker pound.
Growth in North America is excellent and it has won more business from Google and Facebook.
This looks a lovely share to sit and hold for a couple of years for more growth to come and shouldn't be affected by further Brexit fears. So I have tucked away!
The chairman of NFC bought shares to add to his massive holding. NFC should now climb back up to its highs.
Photo Me (PHTM) also benefits from a weaker pound. I had some of these tucked away and had pretty much forgotten about them, they even hit my target of 180 where I could have taken nice profits! I'd assumed them as a long-termer and taken my eye off them, mistake on my part.
A warning on some business in Japan hit the shares and they were lower before I was aware. However the business is now totally undervalued and so I've taken a further stake at what I think is a cheap price. So I guess I've had to be a bad boy and broken my own rule of averaging down.
There's a huge dividend, and a special dividend and tons of cash here. I'm in for more quite happily. This time though will not let them fall off my radar. Again, a problem when you have 60 odd positions to keep an eye on all.
Telecom Plus (TEP) went down to a silly price so I picked some up again after taking a nice profit in the last update. There is a massive dividend coming up of 22p - it goes ex dividend next Thursday so anyone buying before then will pick up a lot of cash - however of course it should go down 22p at the open on Thursday.
Property shares have been hit. MCarthy and Stone (MCS) especially badly. I just had to buy some after the most enormous fall made them incredible value. I really don't think retirement homes will go out of fashion even in a brexit. Total bargain for the long term. They said in a statement Brexit brought in some problems but not enough to derail the general outlook.
Osirum Tech (OSI) has fallen to a silly price and I have gladly bought it back much lower - I wrote a lot about it in a recent update, see archive.
Tritax Big Box (BBOX) got hammered way too much and that was a very easy buy at a lovely price with its fab 6% dividend. It has major contracts with huge companies like Tescos.
NCC has also proved a nice re-entry point after selling it off previously and looking for a ride back to the 300p area.
I also bought Softcat (SCT) in an attempt to repeat my previous trade in it from 300ish to 370ish - currently gone to 320 and I think at least 350 or back to 370 is possible unless the market tanks again.
IS Solutions (ISL) put out a great statement this week and bought some on the back of that - starting to rise again now and looks worth a lot more. So should get back the loss I made on the original buy (see below) and more I hope. Some good upside to come.
Imimobile (IMO) looks good value and not really affected by Brexit - fundamentals look strong and bought for a hopeful ride up to 200p.
I still have a whole load of cash available should the market decide to throw another wobble.
Just got time to look through some more of the stuff I sold - some of which of course as above I bought back. The reason for the sales were all the same: to raise cash and they were what I thought shares that might go down on a bad result.
Osi (Profit £377) Midw (profit 584 ) Motr (Loss £301) ISL( Loss £270)
Fxi (Profit £925) Emp (£133 profit) Countryside (Loss £260) Mcs (Loss £337)
The short in Emis I literally took out a few days ago worked a treat so I have something to thank Brexit for not only did it hit target it went another 100p further down banking a marvellous profit of £2,380.
Out of time and energy so will round up others at the next update.
So there we are. Where brexit will take us who knows? But hopefully there will be time to see where it is all going,
It looks like a time to be wary of certain sectors and to possibly buy more shares that have fallen a lot.
Interesting to see the shares which either didn't fall much at all or came right back to where they were this shows strength.
They include shares like the lovely Dignity (after all people aren't going to stop dying are they?) Paysafe (people still need to pay for things safely) GB Group (raised £25m in a great placing yesterday).
There's a great quote from Benjamin Graham: " In the short-term the market is a voting machine but in the long-run is a weighing machine."
Perhaps all of us are guilty of worrying about things short-term. But while for now the market is settling caution is required over the summer so happy to have plenty of cash on the side.
I hope those of you who lost a bundle on property and banks etc are ok, maybe you held on and they are coming back.
Remember never ever let fear sink you and never ever sell stuff at silly prices on blind panic. Good luck!!
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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.