more than £2 million banked since launch

2 Feb

FEBRUARY 2, 2011

Whistler gets a shock

** My new book - about spreadbetting - has just been published, you can order it here:

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

Welcome to any new readers coming to the website from the new book, I would suggest you read the spreadbetting book in conjunction with Naked Trader, available here:

http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
**

**NO UPDATE FRIDAY DUE MY SEMINAR NEXT UPDATE WILL BE WEDNESDAY**
I'm getting increasingly worried about where the time goes. I feel I just got back from the Xmas trip to South Africa and now January has disappeared already. What?
Where did it go? What did I do? It's nearly Xmas again already.
I know we are all wrapped up in our own little world, sometimes we wander around and not notice what's going on around us.
Which is exactly what happened in the gym this moming.
I was getting changed after a swim as were a few others including the irritating "whistler".
This guy always whistles. Not a tune even. Just, well a stupid whistle.

It takes a lot of strength for me not to say: "Yes I know it's weird we're all in our undies and not talking to each other but the whistling does nothing to help. No need to be nervous!"
However even the whistler stopped his tuneless din. As in walks a woman, goes to a locker, and she starts changing!!
I guess we are all chivalrous so I think we all turned away and pretended a woman changing in the men's was something quite usual.
After a while she looked round. Stating the blindingly obvious she said: "This is the men's isn't it!"
"That's right," I said deciding to break the weird silence. "But I guess nothing here you're not seen before..."
"That's true!" she said. (Which is a touch disappointing!)
She brazened the whole thing out rather nicely and disappeared saying "Thank you my men and apologies..."
Well, from the usual silence, we all had a good laugh!

And thinking about it, pretty sure she was looking at the whistler when she made her "that's true comment". Ah, could be why he whistles.
Met an old schoolfriend last night, not seen him for many years...
And we had a fun night out and a laugh. It's quite tough fitting in what happened in two lives in a couple of hours but just about managed it.
Some funny stories were shared. It's strange what your memory stores and what it doesn't.

We wondered about meeting up with some others from school. But we could only think of three of them and one of them was a plonker anyway.
The Tesco guy is used to my big orders for chocs and sweets. We have a good joke about it now.
But they didn't have a delivery slot so we went Ocado.
His eyes boggled at the amount of Starburst packets. And even more at the kit kat haul. And damn it, I still had pyjama bottoms on at 11am. It doesn't look good. I need to get some emergency trousers stationed by the door.
"That's a lot of Starbursts to get through," said Ocado man.
Yes, that odd look I always get. Yes, I know I am in bedgear and you've just handed me enough Starbursts to keep all the kids parties in the whole of London going for the year. Now just leave me alone!
I look forwards to seeing you all at the seminar on Friday. I always end up enjoying them. Every one ends up being a bit different as it all depends on who is there and sometimes there are some very different roads we end up in.

And often it's also great for my trading as inevitably in all that time some shares come up that I might not otherwise have spotted and researched.
In the years I've been doing them I remember some fantastic ones popping on screens, the best recent one was the July seminar where Mulberry kept appearing at 250... I remember buying the following Monday and although I sold out too early at 950 it was a tremendous profit.

Those of you coming on Friday doors open 9.30am... follow the signs to Naked Trader..

Please come and register first from 9.30am and then find a seat - coffees will be there waiting for you They and some snacks are in the ajoining room on your right. And there's another load of coffee and tea due ti arrive at 11am!
Please do not worry if you are late, it's easy to get delayed Mrs NT will direct you to a seat.

Grab a coffee and just relax, I promise to be gentle with you all..

I hope you all enjoy the day, as it's live from the markets who knows what will come up. Hopefully we will find some interesting shares to research and some good level 2's to puzzle out timing.

It's likely the event will carry on well into the evening as once I get going it's hard to get me to finish!

Do chat to other delegates, part of these seminars is to find similar people interested in trading and there are a lot of friendships made. So make sure you note down some email addresses!

Anyway see you all there and hope you enjoy it and find it a very useful day. And enjoy lunch, chocs and coffee!
The Mrs has a sore throat and trying not to catch it before the day, talking for hours and hours with a sore throat would not be pleasant!
As long as my throat holds and the laptop doesn't seize up it should be a fun day.

If you missed this one as it sold out a long time ago, I've booked on overspill event so there is now another seminar on Friday Feb 25th.

Mail me for details at robbiethetrader@aol.com with "Feb overspill 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!
If you mail me I will then send you details and a full agenda of what is covered. Also more details below somewhere.

My seminars are designed for beginners, dabblers and improvers and deals with everything from how to look for winners, how to research, spreadbetting, level 2 use how to time trades and short, how to use advfn properly and run your portfolio without having to spend money on systems and tipsters.. and tons more.
A lot of the day comes directly from the live markets and I show you many of the tricks I use to get good prices live. And there might even be the odd live trade or 2!

I get quite a few mails asking what magazines or news services I subscribe to etc. Well, hardly any! I get the Investors Chronicle delivered.
However I do subscribe (£8.99 a month though take the yearly option at 20% discount to that) to a daily email which is my main source of news about such things as broker upgrades, main news items, analysis of stocks and markets, forthcoming company statements and events, stock recommendations and targets from the top brokers, what kind of earnings expected from companies and a whole heap more useful stuff.
I sometimes get ideas from this for companies to watch or monitor or even buy. And it's handy to get a summary of what the brokers are saying and looking at future earnings etc.
It usually arrives around 5ish every day.
I contacted the people that put it together and they offer a free 14 day trial of it to my readers - so you can cancel after 14 days if you don't feel it's useful enough.
Once you cut and paste this link into your browser, click "uk 14 days free trial" then I would go "yearly option" which gives a 20% discount making it just over £7 a month, as you can still cancel seems worth it. Hope you find it useful like I do. It's one of the few paid for news services that has really impressed.
http://bit.ly/eBPXuG
An interesting email from a reader. The thrust of it was he was going to buy a share after doing a lot of research but then it went up 12% and he hadn't bought it yet. So he felt angry.
How does he stop/halt the feelings of anger?
Well, you have to take the emotion out of trading. Which isn't easy.
I suggested he should read this book.. by Jason Zweig
http://books.global-investor.com/books/256158.htm?ginPtrCode=10453
This is the one to read on psychology. Great read.
Fancy getting the naked trader updates direct into your inbox? And a bit before it gets updates on the net including news from my pension trades made from my SIPP?

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

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

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

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

Spreadbetting firm Tradefair Spreads has upped its offer exclusively to Naked Trader readers to a £100 credit. This offer is exclusive to me and not available anywhere else...
I've been using them for a few weeks to check that I'm happy with the service. As you know I don't take ads or allow referrals on the site unless it's a company I've used and I feel confident about.
What I like about it is it's easy to use, spreads are surprisingly tight on the smaller companies and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset.
Anyway they now offer a £100 credit as long as you deposit £100. You get the credit after you placed 5 trades (Terms and conditions apply)
If you'd like to apply for an account with Tradefair Spreads and get the freebie click this link:
http://www.tradefair.com/promo/spreads/nakedtrader100/

The number of emails to me is nearly reaching saturation point and I'm struggling! I'm getting 100s which is lovely in a way but killing me in another.
The main problem is the length of some of them, indeed some run to the length of novels, so, please, help save my eyes and please keep mails to under 150 words.. you can do it! It's close to the stage where I am going to have to say I will answer all mails but those over 200 words will get deleted. Keep them short and sweet, please!!
Also, it's possible the answer you seek from me is already in FAQ's. And do remember I can't discuss individual shares with you as it would be classified as investment advice which I'm not authorised to give.
Many of you enjoy the cheap advfn toplists bronze deal through me as do many of you with the cheap level 2. However many of you say you want a half-way house to include real-time share prices always on.
So I'm pleased to announce I've managed to seal a new deal with Advfn for its "Silver" service - that's always on real-time share prices for a good saving (Bronze toplists etc are included in this).
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me for full details if you'd like it with "silver" in the subject line.

They've just re-published "The Zulu Principle" by Jim Slater who's written a 2008 update at the beginning.
This is a brilliant classic book. Reading this is a real pleasure and it was a great idea to republish.
Jim believes like I do the best gains can come from smaller stocks and in an easy to read style takes you through how to evaluate smaller companies that are about to become bigger ones - he uses some excellent examples.
Really this is a must read for all more longer-term investors or anyone looking to grow their money... a number of you have also written to me about this book and praising it.
Here is the link to buy it:
http://books.global-investor.com/books/167207.htm?ginPtrCode=10453
Here's a very topical one: The Little Book of Bull Moves in Bear Markets by Peter Schiff.
The book is all about how to keep portfolios up in a down market. He focusses a lot on how to play commodities and win with some sensible advice especially on natural resources and precious metals. He is very much a realist and there is no rubbish here: some straight talking and some interesting strategies.
Everyone who invests should think seriously about keeping portfolios up in bad times so this book should be read.
Well worth picking up at this link:
http://books.global-investor.com/books/271958.htm?ginPtrCode=10453
To order my new book Naked Trader 2 for next day delivery click this link... or the cover of the book top right!
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
Several people have asked me for a recommendation on a book which shows how to study accounts in a reasonably easy way. The one I like the most is http://books.global-investor.com/books/15717.htm?ginPtrCode=10453 by Robert Leach. Ten crunch questions to ask before buying any company.
It' s a decent easy-to-read book with several key chapters and it's highly recommended. It's one I keep and dip into from time to time. To order, click this link... http://books.global-investor.com/books/15717.htm?ginPtrCode=10453
The best book on charting and easiest read on the subject is http://books.global-investor.com/books/15618.htm?ginPtrCode=10453 by Alistair Blair. Click here -> http://books.global-investor.com/books/15618.htm?ginPtrCode=10453
Another good one is the second edition of http://books.global-investor.com/books/23792.htm?ginPtrCode=10453 by Peter Temple. Included in this one is how to use spreadbetting, CFD's warrants and trackers to reduce risk. And there are some decent trading strategies too.
This is an excellent book for new investors and also experienced ones. It explains all the things you may not be sure about in the markets and will explain the tools that are there. To order The Investors Toolbox by Peter Temple (new edition) click the following link for delivery in 24 hours... http://books.global-investor.com/books/23792.htm?ginPtrCode=10453


Naked Trader Seminar Latest News

**** BOOKING FOR FRIDAY FEB 25TH AT HEATHROW NOW OPEN**


***Feb 4Th 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 still open for the Naked Trader Xmas seminar on Friday Feb 25th

Price is £550 plus vat. There is an early bookers discount currently available.
That includes three course lunch, coffees, snacks etc. There is an early bookers discount currently available.
The seminar is mainly aimed at beginners and dabblers though improvers are welcome too.
Topics covered using live market feeds all day include: Market psychology, level 2 - a simple guide to how to use it for better timing; how to value companies; finding companies that are about to rise. I will also cover techniques for handling events such as the recent meltdown and volatility.
Spreadbetting: How to use it to gain an edge and go short. Market makers - how they work and how to beat them; how to stop losing money and make it instead and plenty more.
How to plan trade entries and exits - how to research companies and understand reports, plus all those niggly questions you always wanted to ask. How to set stop losses and targets. Charts and how to use them.
Also covered: Market maker tricks: How to spot tree shakes and use them in your favour, How to tell when NOT to buy a share. I use live ADVFN all day with lots of level 2 and looks at all kind of live market data.
The idea behind the seminar is SIMPLICITY. I don't use jargon or fancy words - everything is in PLAIN ENGLISH! No question is too stupid and the event is held in a friendly relaxed and supportive environment.
The idea is you will come away from the event I hope a wise and better investor with lots of new ideas. I try and translate complex topics into easy bite size pieces. I also aim for it to be entertaining as well as instructive.
If you are interested please e-mail me at robbiethetrader@aol.com with "seminar interested" in the subject line and I will send you full details of the event including comments from those who have come to previous seminars and you can then decide whether you would like to come. See you there!
One seminar attendee Clare wanted to write a testimonial about her experiences at the seminar which follows now!
"I've just come back buzzing from one of Robbie's seminars. What a day! He's just brilliant, and manages to pack an awful lot into one day, and with his enthusiastic and humorous delivery the day just flies by. There are no gimmicks, no sell, no "˜get-rich-quick' promises, just his own solid, sound approach which he has learnt over the years and which works.
He shows you how to minimise the risks and maximise the profits and points out the banana skins on the way. Where the seminar really comes into its own is when he teaches using live level 2. Hearing him talk through his thought processes and reasoning is invaluable, and really brings home everything from the book. He has endless patience answering peoples' questions, and really seems to care that everybody understands.
On top of that, you meet some really nice like minded people and swap e mail addresses, you're plied with
chocolates and coffee all day, have a great lunch and spend the evening getting tiddled with Robbie in the
bar afterwards! You might even get to see the amazing crocodile boots . . . .
Don't worry about the cost, it's easily worth it, and you'll soon make it back with your new-found investment skills, and in what you're no longer losing. If you're thinking of going along to his next seminar, whether you're a novice or an experienced trader, don't hesitate ""just go!
Thanks Clare, did you want the tenner in cash, or will a cheque do?


£100 Tradefair offer

I've started using Tradefair for spreadbetting - I like the auto generated stop losses which help to maintain discipline and that's good for beginners I think. And exclusively for Naked Trader readers they upped the offer to £100 credit.
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply)
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/

Naked Rambling

Interesting to see PMQ's today. The two leaders actually discussed things without calling each other names, made a refreshing change.
I wonder if this could carry on. I mean, sensible discussions and questions and answers without the silly point scoring and scripted "jokes".
I give up on football!! How can one player be worth £50 million (oh and a small matter of £155,000 a WEEK)
The more you think about it the more staggering it becomes. And I am no PC correct kind of guy but it did cross my mind: How many hospitals, doctors and nursing staff could be hired for £50million and £155,000 a week?
But really it seems nuts. I can never work out football finance.
What's even weirder is that only the top 5 or 6 teams can afford this kind of money. And while all the rest live off normal budgets, in a way the premier league really is just 5-6 teams with the rest also-rans.
And how weird is it for a player to be playing for one team on a Tuesday to be playing against his old teammates on the next Sunday?
But it seems we will always end up with just a handful of teams who can afford the good players and all the rest who can't.
But, part of the joy of supporting a team like Fulham is whatever they achieve is achieved on a tight budget and it's always good when they beat a team with all the expensive players in.
Sometimes a team can win out against one with the best in it and that's got to be more rewarding!
So now house prices will be influenced by the new police website showing how many crimes take place in a particular street.
I do wonder though: what is to stop someone who wants to buy a house in a street lobbing a few bricks through windows to get the prices down?
Hurrah Sky Atlantic is here channel 108. I missed the start of Boardwalk Empire as I was out last night but hope to catch up at the weekend.
So if you are coming to the seminar do NOT tell me what happened!!
Also showing soon The Sopranos, do not miss!
The head of the channel says he expects new HBO shows to be aired here just a few days after they launch in the US.
I think this is brilliant and well done to Sky. What was the point of the BBC buying great shows and then putting them on so late in the evening?

The spreadbetting firm I use for sports betting is here:
Via this link Open a Sporting Index account and there's £300 total goals bet on offer - please check terms and conditions which apply.

http://www.sportingindex.com/?tpid=6755
Do remember if you do bet you ought to treat sports spreadbetting as entertainment - and expect to lose! Also with spreadbetting work out what your max loss could be and make sure you can afford it! In other words if you say backed the favourite at 15 for a fiver and they come nowhere your max loss is £75.


Naked Mail

Chris writes :
I read your book during my holiday in the summer and have made profits of over £11k since September, compared to losing nearly £10k in the previous year. I found myself laughing (if I hadn't I would have cried!) as I think I must have made every mistake in your book! Since reading it I have totally changed my approach, putting into practice what I learned from your book and it seems to be working!

I will hopefully get to one of your seminars in the not too distant future.

Thanks Chris, glad the book was a help.
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.
Malcolm writes:
A thousand thanks for the seminar, which I found both informative and inspiring. If I can keep my own psychology somewhere near balanced I can make steady money at this until I pop off.

I was particularly pleased to find your approach so simple. This chimes with Warren Buffet, who of course says,

'If calculus or algebra were required to be a great investor, I'd have to go back to delivering newspapers.'

It also confirms my own prejudice, and what my friends in the City have told me, namely, that the financial complexity is unnecessary, only there to bamboozle the unwitting public, and doesn't make it any easier for the City boys to make money. Hence nine out of ten funds haven't beaten the index in any four year period since 1914 (Motley Fool).


Thanks Malcolm. Glad to hear and hope you don't pop off just yet. I agree: simplicity is best and all the jargon tends to be just there to make the jargon talker sound important or that they know what they are talking about.

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!
Stephen writes:
I read your book and did the course - and I wasn't sure if I'd recoup the cost, it's been 2 years and I've made £38k + saved a loss transferring a Jupiter ISA heavily invested in BP. I can't tell you how important this is or how grateful I am. That's just me, who knows how much people have made with your help and saved by not making mistakes. I wanted to get into shares as they recovered after the crunch, but I assumed I had to put a large amount in one company I thought would make a big jump.
But what happens when you make £1m on the website, will you still do courses? I don't know how you do your ISA and SIPP investments, write the website, books, courses and answer e-mails. But please don't give it up. Couldn't you do the courses and have a standing website which gets updated with your trades say once a month so people can see what you do..

Stephen thanks so much for such a nice mail and much appreciated! Dunno about the future, I feel like I'm getting jaded. It's possible I might just reduce it all at some point to twice a month after going weekly - that would probably help. The other problem is other people's angst is getting to me and the email workload becoming overwhelming. I think after ten years it might be time for me to quit. Anyway good luck with your trades and hope you make a lot more.

I have 3 great offers from ADVFN.


ADVFN level 2 offer

SAVE OVER £120 !
First great deal: If you want level 2, though me it is only £305 for your first year including VAT!
This compares to £432 direct from advfn so this deal saves you over £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.

ADVFN Bronze Offer

Deal two is ADVFN's bronze subscription - normally £72 pa - available from me for only £41! (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 chat to me and 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 £141 inc vat via me instead of £169.20.
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.


Selftrade Offer

Want to try out broker Selftrade superb trading system for no risk? You only have to trade once to get £50 bunged into your account! You get £50 and I get £50.
All online deals are just £12.50 with no funny small print. Charges for phone deals are higher, check terms and conditions. They also charge £35 plus vat pa for all accounts. Follow this link...
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Markets

If you are playing the market, you have to remember it is quite a nasty thing.
And (sadly) you have to consider all your opponents in the markets as total


and you've got to play the game. Trading is a like a game of cards and you need to weigh up your opponents.
Remember the market will deliberately toss your share price about to make you scared.
It's amazing but every market scare I can remember recently, finance scares in Dubai, Ireland, Spain, Portugal and now political scares in Egypt... the best time to buy would be in the middle of the scare and a sinking market. And the worst time to sell is... well usually when you are at your most scared. It's human nature after all. We are always scared of losing the lot.
Of course one has to set aside the 2008 crash which really was justified with banks in real danger of going under.
Anyway it's all very well me saying this but it is hard to buy in the middle of a scare. One or two shares I bought in the middle of the 2008 scare I have simply kept hold of with marvellous results. Like Petrofac I bought around 350 and held onto most of them and now at 1600 ! It goes to show if you get a great price and have the balls to hold on for say a year or two, it can really pay off.
Being happy with what I've got I made a small buy on fear trade and bought the ftse at 5880. Going nicely right now but of course this is not my scene so I'll simply raise the stop up as it rises. So far pushed it up to 5930. Ftse trades 24 hrs so usually a stop would get activated unless it's the weekend.
I've bought Cadogan (CAD). Actually quite a lot. Reason is the risk-reward ratio looks good on the upside and limited on the downside as it has a decent amount of cash worth a good part of the share price.

Other positives are it is very liquid so easy to buy and sell tons and market makers have hardly any influence on it. it's Isaable, and it's in an area which could be lucrative and an overhang is clearing and it looks cheap. Negatives: well like all oil stocks there is always the chance of a we didn't find any oil statement. And it could be politically unstable. So one always has to go into these realising there is potential for a bigger loss than say a company that makes widgets. But I think there is more chance of this one doubling than halving.
I bought initially 25,000 at 26.7. I then also bought some spreadbets on top between 27 and 30 but keeping those to myself! Targetting initially 50p but would hang on if further rises looked likely. It's moving up nicely now and hitting 32 as I write this. It could even be one worth hanging onto for a year or two for much bigger gains. We'll see.
I bought some small Creston (CRE) this morning, 4000 at 86.67 before a statement due tomorrow. It's an annoying one this as it looks so cheap but the market refuses to rerate it. Maybe the market is right, we'll see tomorrow but if the statement is good I'll get more tomorrow and if there is something wrong a loss will be taken on the chin. It struggles to get above 100 and the spread can cause problems too. Worth a shot though. Target a hopeful 120.
I stupidly forgot to move a too tight stop on Essar down on fear day, just missed moving it totally so got caught out as it went at 510 for a loss of £160. Of course it then spiked up and I missed quite a few points but got back in at 521. Well, it's only a tiny trade so no matter. But it was my own fault for not checking the stop.
As I thought would probably happen E2v fell even though it was an excellent statement which is why I sold some and was waiting to buy in lower. As it happens it never fell that far and got 4,000 back at 109.8. I took profits on Afren (AFR) last week as it couldn't get through 150, but then it did seem to be breaking through so in again for £30 at 150.5. Of course it could dip below that again but worth a shot on the new breakup.
Ocado is plain weird. It loses money, yet has a price tag of over a billlion. I know the market looks forward but I'd want to see it making at least £100m first before it was worth that price. It started to go up so I sighed and decided not to fight the market and exited at 227 for a small profit. This morning I have given it one last go and shorted at £20 for 240. And alreadylosing on this as it is 246 as I write. Just goes to show I'm probably being really stupid and no point trying to fight a market in a stock even though you think the market is wrong. In fact I've gone against what I'd normally do on this, the hypocrite that I am. So serves me right if this loses. I can't let it go much above 255 and I deserve a loss here.
I sold Ocean at 1365 for a profit of £285. No big reason but wanted some cash for Cadogan and this one is a mighty slow mover and thought Cadogan a better place for the cash.
Elsewhere some more lovely gains for some of mine.
Star of the week has to be African Aura! Up more than £3,000 now and a lovely doubler. Continued excellent statements and possibly more to come. Indeed one broker is targetting 400 which would give me a four timer!
Entertainment One continues to be a star performer and has more or less consolidated recent fantastic gains and profits close to £5,000. I would not be surprised to be still holding this one in a year's time. And I wouldn't also be surprised to see it another 100 higher.
Recent buy Pace has shot up to 200, now to see whether it can clear 200 and get up to the 215/220 area. I was interested in taking profits there, however if 220 got broken I might stay with it. The rise is due to a report that it's now tied up with the Sky equivalent in India where the market could be huge. I'd be loath to take profits on this if it really breaks up so will be very careful not to sell it too early. Could be worth holding onto despite the sharp rise.
Microgen shoots up yet again today and is now a trebler and massive profits for the site of about £18,000. Well, actually I bought Microgen at a seminar a year or so ago and it never stopped going up.
RPC continues its mega rise, lovely trade so far. It should I hope head for 300 where I'd consider banking. Gamble Emed Mining has come back a bit but in for the sipp from 8p and for the Isa and website from 16p so worth sticking in. These commodity tiddlers can be a hard ride.
The adding to Chime dings nicely - it has already doubled and more for me and still looks cheap. Up yet again the whole week.
Exillon tries hard to get through 400 and looks worth sticking with, glad I bought some more.
Kentz burst through 400 but fell back on profit-taking, which is fair enough but I remain in for more
Capital Drill can't quite seem to conquer the 100p mark. Sepura has moved up well since I bought but 50p proves a barrier for now still.
Porvair, wow, what a share that is proving and I've now doubled! It produced an excellent statement yesterday which produced profit taking - that often happens on even good results - but one to stay with I believe for more upside.
AZ electronic keeps trying to break above 300, can't quite do it but getting there! Trying hard to get above that again today. Bought those at the last seminar. AZ Electronic makes sophisticated chemicals that are used in electronic goods such as semiconductors and smart phones and is used in ipads and iphones. It has gone into the FTSE 250.
Carclo and Dialight consolidate recent big gains very nicely. Dialight has nearly quadrupled for me - . Those of you who came to one of the seminars might remember me buying that live at 140ish - now it is close to 600.
Little gamble Asterand has gone nearly 50% higher for me and also hold onto its good gains. There appears to be some good buyers in it recently though the market makers have cleverly tried to prevent trading in it by widening the spread.
Telecom Plus has soared again and as I thought it would has hit 450. I would think it could hit 600 by year end. Its new mobile deal looks incredible. Website profits are up and over £25,000. Trading statement due soon which I hope will see get up to near the 500 area.
Innovation gently rises most days. Cineworld has fallen back a bit, not sure why but climbing again now. The brilliant Volex has risen up to 350 and says dividends are on the way sooner than expected. I've doubled on the original lots I bought in the low 100s and in a really super profit of over £13,000.
The Vitec Group is heading back up nicely and is trying to crack the 600 mark - been brilliant so far. Aggreko remains volatile with the ftse but longterm uptrend is up.
Hyder carries on going up and Xp Power has started another surge and up and over 1300! Amazing!l I bought this one at 164 a year and a half ago with a profit of £16,000 plus. It goes to show if you can hold the good ones for a bit and resist the take profits temptation it can pay off big time! IMI gets a yellow card today, it seems troubled but giving it a bit of space on yellow before a red is handed out.
.Lovely Petrofac remains a core hold and has soared. Together with spinoff Enquest sees me sitting on profits way in excess of £30,000. Of course it's volatile but a strong uptrend remains intact. I've been getting e-mails regarding my use of direct market access and who I use. I've tried a few and for me the easiest system for me is here:
http://www.igmarkets.co.uk/?QPID=1079&QPPID=1
Direct market access means you can place orders directly onto the order book bypassing brokers and market-makers with a chance to buy at the "sell" price. I would suggest you ensure you know what you're doing first but IG does provide much education with its "tradesense" educational tool which comes with it.
I also use its spreadbetting service too along with other firms like Tradefair because it now provides trailing stops which to me is a pretty sensible way of trading. Link is here: -
http://www.igindex.co.uk/?QPID=1078&QPPID=1
that also includes a pretty decent educational programme. As usual before opening accounts please read all the warnings on the sites. You can lose a lot of money if you're not careful so pay close attention to them and make sure you always understand what you are doing and what your potential losses are.


£100 Tradefair offer

I've also started using Tradefair for spreadbetting - I like the auto generated stop losses which help to maintain discipline and that's good for beginners I think. And exclusively for Naked Trader readers they upped the offer to £100 credit.
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply).
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/

E-mail subscription service

If you want to get the contents of The Naked Trader website into your mailbox instead of waiting for the update to come through, plus exclusively news on the progress of my SIPP from the old Sunday Times column inc new higher risk Aim buys made for that, e-mail me at robbiethetrader@aol.com with SIPP in the subject line for details of how to get it.

Telecom Plus Offer

Want to quit the rat race? Try and start a new source of income so one day you can tell the boss to stuff it? You could do what I did to escape my grotty office job and become an independent distributor for the Utilities Discount Warehouse.
You get to sell great broadband, phone packages and energy to friends, relatives, contacts and anyone else you find and you get cash for each sale but more importantly you get a cut of their spend EVERY MONTH for as long as they are a customer!
It's called residual income and is a far better way to enjoy a ripe old age than relying on a pension. Because even after you stop selling the money STILL comes in!
I still get paid EVERY MONTH for sales I made back in 1999! Every time a customer uses broadband or the phone or switches on a light you get paid.
It's a great business and backed by a stock market company (Telecom Plus), a dedicated team of advisors.. and me to help you on your way!
Not only do you get paid out every month for each customer you can take on distributors. encourage them like I do and get paid on their sales as well.
One day, say you could made redundant, needed a year off or wanted to retire early can you imagine what joy it is to have the regular income coming in. It's wonderful.
You have to work at it, but if you do genuine repeat wealth could be yours. I did it. You can too. For full details, why not email me at robbiethetrader@aol.com.
An overview is also available at http://www.telecomplus.org.uk/fabdeal you can sign up directly there but do tell me!
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Trade tables follow! Trades are current open and recently closed trades. Closed trades feature the closing price and the amount I won or lost. All others are open. Trades get updated a little later than the narrative. Trading costs are ignored, however I also do not add in dividend payments and with the kinds of companies I buy, dividends tend to equal or outweigh costs. Spread rollovers ignored for web purposes. Tables as accurate as poss however a mistake or two can creep in and very occasionally if I forgot I sold or bought something it will be added at a later time.
Trades first reported Weds and Fri afternoons under "Markets" section.. afraid I can't do live trades as that would turn me into a tipster and I'd have to be regulated!