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June 6, 2019
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BEGINNER/IMPROVER SEMINAR: SPEND A DAY WITH ME AND LIVE MARKETS
JUNE 28TH NEAR HEATHROW CLOSE TO AIRPORT
If you want more than the book and see me do it live, come and spend a day with me and live markets. (beginners and improvers welcome). If a beginner there is guaranteed no jargon!
See trades from my own accounts, research, level 2, and finding great shares from scratch and tons more. Three course lunch, snacks, drinks,lots of chocolate, banter and fun with me live all day.
**Best Financial Educational Provider, International Finance Awards.**
Mail me at robbiethetrader with "June seminar interested" and I'll send you details. There is a large early bird discount on offer.
Follow up seminar: July 1st. For those who have been to a starter seminar. Lots of live
trade finding, level 2, research and fault correcting live for a smaller group.
Mail me at robbiethetrader with "follow up interested".
STARTER AND FOLLOW UP TOGETHER? Fri 28th AND follow up July 1st
Want to come to both? Weekend in London in the middle?! Mail me
for price. "Both interested" in subject line.
*****
Website material delivered to your email early plus an extra
exclusive higher risk trade or two on update days in the NT email, mail
me at robbiethetrader with "email interested" in subject
line and will send you details.
******
Thanks to all of you who came to May's seminar - a lot of great trades showed up which feature in the markets section somewhere below,
So many fantastic people, lots of fun and banter all day as well as hopefully plenty of learning!
Three of you have booked to come to the follow up on July 1st which is wonderful! Lovely to see so many people of all ages (20-75) mixing and I know some friends were made.
I hope you enjoyed the surprise at the end! Thanks for all the lovely comments - quite a few about the high standard of the food and snacks so well done the hotel. My faves were the mini breakfasts and the smartie cookies.
Some of you already using my supply and demand tricks to some effect and so glad to hear from one or two who dumped their crap afterwards, the hardest thing to do.
Of course it's nice to get comments just after but even better after a while. For example this from Chris:
I came to the Feb 4th seminar 2019 and it well exceeded my expectations. I learnt a ton about trading, keeping it simple and it has given me the confidence to cut some positions that though weren't losing were pooled investments and research my own companies. I reinvested the proceeds in a spread account and new isa and the results from using your process are exemplary! I held off emailing as I have only just started taking profits from these positions.
My Spreadbet account has risen in value massively and my new isa has soared. Had I been in the same positions I was on the 4th Feb I would have been roughly the same account value or worse off as back then but with your guidance and insight I have added considerably to my accounts."
Well it is all down to you Chris in the end and I hope profits continue to roll in but remember if there is a down market to use the tools I showed you to make money from a slump or a Corbyn govt.
If you missed this one, the next seminar is June 28th and that is the last one till well
into the autumn. Mail me if interested, robbiethetrader with "june seminar interested" in the subject line, an early bird discount is just still available.
There's also a follow up on July 1st for those who have been before. If you really
want to take trading seriously you could spend a weekend in London and come to both the Friday and Monday. Mail me if interested with "both interested".
A lovely half term week in Spain.
Of course reading about someone's holiday is pretty boring so won't go on but a couple of things!
We were waiting for a bus to go into Marbella when a car pulls up. The driver tells my wife's sister there's a bus strike but apparently he would take us into Marbella.
I thought "Aren't Spanish people lovely"! He is so kind!"
But then I worried. Should I pay him something at the end? Or would
be be offended if I gave him some money?
Then sadly my faith in human nature soon disappeared.
As he dropped us off he said the word "taxi" and demanded money.
Sadly, I gave him a 50 Euro note, and asked for change. The fare is usually 30 Euros so I expected a 20.
He gave me three claiming the fare was 47. I protested but the two sisters swung into action. One took photos of him and the reg number and the other said "For police".
They did a great job and he swiftly handed me 30! So at least we ended up with a 30 euro ride for 20 !
Anyhow if someone kind seems like they are giving you a lift in Spain, afraid it will be a con. And frankly I am sad, and a bit of my faith in human nature has gone.
Some of you asked if there will be a summer entertainment/shares podcast from me. Laziness usually intervenes with these things but I think I will!
You are welcome to take part- funniest or most interesting contribution read out
by me wins £100.
So email me with your news! What are you up to this summer? Want to share any trading disasters or victories?
What do you hate about summer? Anything silly/interesting happen to you recently? Want to say hi to a fellow trader?
Name the most annoying things millenials do or how about the most annoying things old gits do? What's your fave song and is there a story behind it? If it's a good enough story, I will play it.
Or send any old nonsense to me!
Send any contribution you like to me at robbiethetrader with "Podcast"
in the subject line. Prize winner announced in August.
Naked Rambling
London Mayor's childish feud with the Donald shows him to be an inconsequential figure. He has done nothing at all for London and expect him to be ousted.
He seems to love all the outings and trips he gets but I can't think of anything he has achieved in office.
The most childish is allowing the blimp of Trump to float. Have more dignity in office. I am no fan of Trump but he is
the President - we need to talk to him. We should have welcomed him to London and showed him London isn't a crazy lawless town!
I would ask the Mayor to stop attending events and tweeting and actually do some work starting with wtf is going on with Hammersmith Bridge?
Whatever you think of Trump he does provide entertainment. The look on the faces of the Tory leadership hopefuls wondering what he was about to say next.
Corbyn has showed himself unfit to run a country with his antics.
The only person to maintain dignity? The Queen. What a star she is.
Time for Teresa May to relax with her husband. She tried her best and has aged about 20 years.
I suspect she will breathe a sigh of relief once out of it.
Looks like Boris J is nailed on. At last he's got what he wanted and all it cost us was a Brexit.
Saw "Rocket Man" - the Elton John movie. It's about his early days and fascinating! Well worth a view.
A lot of sadness - in his own words "I acted like a c*** since 1975 and never stopped".
His cold parents, addiction to drugs, sex, alcohol all documented. However the end of the movie shows he kicked all those, been sober for 28 years and the only addiction left? Shopping!
What can we say except for: well done!
Game of Thrones (*****) That's five for the series as a whole as the finale was a touch disappointing with Bran The Boring Bastard getting the nod.
My fave bit was the dragon destroying the throne. Wasn't convinced with Jon killing Dany.
But I think fans moaned too much. Any loved series always ends disappointingly mainly because fans mourn the loss of their favourites. Think of the moaning at the end of Breaking Bad and the Sopranos. The ends mean nothing, surely the entertainment of the series as a whole means more and GOT really provided that. Congrats to all involved in their obvious hard work at making the show.
Britain's Got Talent Final (**). We just fast forwarded through it. No surprises and it was obvious the Chelsea pensioner would win.
No doubt he is a lovely bloke, he loved his wife and country and he fought for us and he is brilliant but I wouldn't call his singing talented? I hope most of the money gets given to charity.
Surely the prize more deservingly should have gone to "X" for his clever set up. No idea what the kid acts were doing in there. Unless you were their adoring parents?
The comedian was ok but there are thousands of funnier comedians around the country. The magic acts were decent but all seemed based around the same kind of technology. And please ban the singers, surely they should be in the x-factor? With all the filler in there plus fast forwarding through the kids and the singers it was a half hour watch!
Hatton Garden (***) - The last two episodes were the better ones dealing with the aftermath. Amazing to think they got such short sentences especially when most of the money is still missing.
Nice performances all round.
Chernobyl (*****) has rightly been winning a lot of praise. Fantastic performance from Jared Harris.
A simply amazing portrayal of what happened and all the politics and how communism contributed to the disaster. Go watch!
Gentleman Jack (****). Brilliant performance from Suranne Jones in this costume drama which so far is more humour than drama.
A few lesbian scenes which obviously I am totally disgusted about.
Killing Eve series 2 is nearly with us, now that's going to be fun!
John Mcdonald says he "cries all the time" in an interview.
If he becomes chancellor, I'll be doing exactly the same thing.
SEMINAR NEWS
New date June 28th 2019 near Heathrow
Email me for details at robbiethetrader with "June seminar interested". There
is a decent early bird discount on offer. Follow up if you have been before July 1.
Or mail me if interested in coming to both days, the Friday and Monday.
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.
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!
Some recent feedback:
He actually takes you candidly right into the mental process involved in his successful trading, making it a pretty amazing display, even showing his own investment accounts right there on the screen. This is a genuine coaching session in how to trade like him if you put in the graft. My advice therefore would be to sign up for this while he is still prepared to do it.'
When I signed up to your course my goal was to make 20% p.a., I've achieved that in less than six months. Your course was pretty much going to be my last attempt at trading, So once again thank you, it's by far the best money I've ever spent on trading education and probably on education full stop."
I felt we were in for a long day of numbers, PowerPoints and dry talk.
Instead, what we got was fascinating and enjoyable mix of punchy insights, merriment and wise-cracks, sharp wit, and to the point no nonsense advice. I sat down at 9:45am and didn't look at the time again until way after 8pm at which point I had to drag myself away."
I read your books and understood the words "" however I was missing that final nugget of knowledge "" actually seeing you valuate a company and make that buy/no buy decision live means I now get it."
LOTS OF LOVELY DISCOUNTS HERE!!!
My new spreadbet book is out.
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And add code RobbieNTSB2 to get it for £12 and free posting. (Paperback
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***
25% off Stockopedia and free trial
Stockopedia is indeed like a stock market encyclopedia and a great place to scan for new shares to buy, check out fundamentals...there is even a stock screen loosely based on my criteria! You can try it for free too.
For your 25% discount off any sub (eg £56 discount off UK sub) and free 14 day trial you need this link:
>
ADVFN offers
Level 2 through me it is only £462 for your first year including VAT!
This compares to £ 638.88 direct from advfn so this deal saves you £176.88!
Level 2 gives you access to all the market maker positions and the order book and I would not trade without it! More on level 2 in my book and I spend hours on it at my seminars.
ADVFN's bronze subscription - normally £97.53 pa - available from me for only £66! (inc vat) That's a saving of £30! You get ADVFN's premium top lists which I think are a must for finding great stock picks. That includes great lists like ex dividend dates, plus chart breakouts and downs. All as explained in the book.
ADVFN's silver subscription - for those of you who want all the benefits of Bronze AND always on real-time prices.. no more using the back button and getting frozen out!
The deal is via me you can save nearly £40 for your first year by paying just £186 inc vat via me instead of £229.30
Just mail me at robbiethetrader if you'd like any of these with "advfn offers" in the subject line. Please note if you want to discontinue the sub you need to give a month's notice by post. L2 offer includes silver and bronze.
THIS SITE TO YOUR MAILBOX!
Website to your email PLUS extra trades which do not make it to the
website (a bit higher risk)
If you'd like the website material sent to your mailbox so you
get everything before the site itself is updated every other Thursday
plus one or two exclusive extra higher risk trades not featured on the
site mail me at robbiethetrader with "email" in the
subject line and I will send you details on how to subscribe.
MARKETS
EMAILS: I do beg you not to send me emails asking me for advice on a particular share. It isn't legal for me to give you individual advice and all I do is send you a mail saying that, which wastes a lot of my time and yours too.
****
COPYING TRADES: I can't stop you from copying a trade I made but remember the price may already be a lot higher than I paid indeed I hope it is as buying at good prices is what I do for a living. You may be buying at the top and could easily lose money. Also I can make terrible mistakes and have done in the past. I could also sell before you or before the share tanks. I may still be holding in a year when you sold at a loss. Always do your own research, don't jump in blindly. Market makers are very clever at knowing how to make you pay top dollar and then push you out at a loss. This site is about sensible investment and learning how to trade sensibly and is not a tipping site. Beware. Never push buy on anything till you've done proper research and got yourself a sensible price.
***
The big news this week is those in Neil Woodford's funds can't take out their money.
He's done so badly they had to close it and goodness knows how it can be re-opened.
Woodford used to be a city darling but it has all gone horribly wrong which goes to show it's so easy to mess up even if experienced.
I wondered what had gone wrong and I read an interview with him and I soon realised. He said he was a "conviction" trader.
Now that isn't good! This means you "believe" rather than properly look at the figures.
I was truly astonished when I looked at this holdings. Because he made all the classic mistakes.
He bought way too many illiquid high risk companies. He bought companies weighed down with debt. He bought risky disruptors. But worst of all: he never sold companies that were going down to take a loss.
For example he had the AA. I've been short of the AA for ages and I've made about £20,000 out of the short.
Yet Woodford looks like he was in at around 400p, it is now 60p! He could have dumped the AA for a loss many times.
It has a debt of something like £2.5bln. I personally think it's a bad call to be in anything with such a massive debt.
And no decent investor should be in something at 400p and STILL be in it at 60p ! It should have been sold and the loss taken and this is where Woodford has fallen short.
You MUST use stops to stop this happening. He should have been out at 300p. Or sold at any price on the way down.
I think part of it is ego, part of it confirmation bias. I have seen this time and time again meeting investors. I know one AA holder who came to a seminar admitted he bought it because "Well it's the AA" without looking at the crazy debt.
This inability to never sell losers and only take profits or part profits on winners is a disastrous strategy meaning at best you'll only make a small percentage as the losers will kill you even if you have one or two big winners.
Some investors will grimly hold on right to the end till the company is a bust. Even if a stop loss is miles away, say 35% (to prevent a spike out) that will at least protect you from a major capital loss.
I see Woodford also held Purplebricks. Looks like he must have been in a decent profit at some point in this one but it became clear recently its strategy wasn't right and it was begging to be sold.
Newer investors should learn a lesson from the Woodford debacle. Don't stay in stocks from "conviction" or because you are sure they will come back. Get rid or else you really really won't make much money.
After all, you can always buy back if you want. A holder of AA at 400p could have sold at 250p and could today buy back at 53p instead of sitting on massive losses.
Right onto other matters. It seems it is up to whatever Donald Trump tweets moves the market.
It is up and down depending on what mood he's in. Anyhow I try and ignore all this and concentrate on buying the decent companies and shorting the bad ones.
As usual a seminar always throws up tons of ideas for me as I have to work and look at shares all day! So a lot of the following came up and I bought some live.
Pretty much all the buys have arisen from discussions at the seminar.
I bought some Essensys, (ESYS) a new issue which we examined on the day but blimey it was hard work trying to find some fundamentals on it.
After some exhaustive searches involving three teas and four twixes I think I found them and it looks ok.
It provides "mission critical" (ooh sounds exciting) Saas -platforms and on demand cloud services to businesses.
Institutions seem to like it as its offer to them was oversubscribed. I had to pay a bit more than they did, but not too much.
I've tucked them away in the isa - could be a nice longer term future winner. One I'll sell if it slumps but buy more of if it goes up.
I bought some Cohort (CHRT) at the seminar live. An interesting one which is right on the verge of breaking out into new territory.
There is very nice growth in profits forecast here in this holding company with many different segments. It's recently been winning supply contracts for the US Department of Defence.
There is risk here, last year some contracts were delayed causing a share price fall but the tone of the reports are more bullish now.
It has cash and a decent dividend so its results in July should reveal more. If forecast profits are near the mark after its buy of Chess, then the shares could get a rerating upwards.
Avast me hearties! I bought a few Avast (AVST) which we examined at the seminar.
Avast looks an interesting one - I looked at it once or twice before but the debt seemed on the high side so I left it.
But it says it has now paid $200 off the debt which brings it down to a level which looks ok so it shouldn't go bust!
Forecasts look good for this cybersecurity providers and its recent trading statement says growth is strong. It is an interesting area of the market and I wonder an area where we might see bids come up?
On that basis I am in with a medium-term view.
I bought some shares this time at the seminar using DMA to buy some Robert Walters (RWA) at the then "sell price".
I did that as the spread is often a bit wide. This recruiter goes from strength to strength.
Guess who the head man is? Robert Walters himself! He has been there since 2000 which bodes well.
One of the best recruiters it has staff and offices all over the world and is too lowly rated for me.
I bought some 888 live at the seminar. I lost backing this one last time but the price just looked too low.
One of the major reasons as I explained on the day I bought in was the likelihood of share buybacks soon coupled with a decent chance of it getting bid for at its current price.
I got lucky and the price has gone up yesterday as its report went down well. It has a ton of cash and most of its markets are going fine apart from poker.
Hilton Food Group (HFG) came up at the seminar on a scan of shares and I liked the look of it. Apart from one area, sales look strong.
Profit taking has hit the shares as they peaked at 1200 and now back under a tenner look worth a bite.
I got some again at the "sell" price using DMA. Remember, if you want to know how to use this come to the June seminar!
I bought into the AB Dynamics rights issue getting a few more shares at the rights price which pushes them into immediate profit. This is now my biggest holding after Safecharge - it's now raised a lot of money so hopefully more upside to come for the car tester. And with self driving cars needing a lot of testing could this one be a bid target sooner or later?
I shorted some Talk Talk (talk) shares live at the seminar using spreadbets - a demo on how to short then I shorted some more!
Apart from its customer service being the pits (always voted the worst on which), its broadband connection being awful, its debt massive and trying to cancel hard work it has a lot going for it.
(Oh and I forgot giving away its customers details to anyone who might like them)
And it looks too expensive! So happily short of the shares however as I did live at the seminar I added a guaranteed stop loss just in case someone makes a bid for it as you never know someone might try a land grab.
There is nothing worse than someone telling you "I told you so" especially in a smug way.
So I was going to resist being annoying and doing just that when a bid for Safecharge came in. So I will. No, I won't. Yes I will.
Bugger. Here is what I wrote in April. "It must be a takeover candidate sooner or later even though it has one major shareholder". And in another update: "I reckon a bid for Safecharge will be in the 400-450p area".
I told you so !!! There. I did it. I am sorry. I don't blame you for hating me.
The bid came in at 436p and the 7p dividend has also been paid. The price is now close to the bid. There is a remote chance of a rival bid so I've sold some, but kept some just in case another offer comes in, you never know.
Just a reminder with bids generally you can sell now and take a little less than the offer price to get out and move on or you can keep them but you wait 2-3 months for the full price to hit your account in cash.
I've had a lot of thanks on emails, some of you appeared to make a lot of money on this riding my coattails. I am pleased for you all and applaud your patience. But remember I also get things wrong, read the stuff about copying me on the website.
Personally together with the dividends I've probably made well north of £100,000 on Safecharge shares altogether.
The website profits look to be around £18,000.
Be interesting to see if a rival bid does come in, you never know so will continue to hold some for a little longer.
I've taken profits in the BVIC short of £650.
Moving to a weird event! ETO had looked weak for a while on no news and I was thinking about taking a loss on the recent top up. But I had already doubled, trebled and four timed on the long-term holding, plus divs, so I wasn't too worried.
Then suddenly the price tumbled. I googled for news and came across the reason - a showbiz mag in the US claimed head honcho was in conflict with the board and was about to quit. I considered it - surely a slump in price was way overdone, after all he is just one person! I assumed an over reaction late in the day. I thought "I ought to buy some at this oversold price". But... I didn't! Hindsight shows I should have.
This am, ETO put out a terse statement saying he was staying. All very odd and not something I have ever come across! Given my shares are from a low base and that it STILL is making movies, and has a library which is still worth nearly 2 bill dollars, I decided to stick for now and I added a small amount this am, sadly a lot higher than the low yesterday. However it is ironic that this is a plot twist worthy of an ETO movie.
With Safecharge and some others rising it's been a great week for my collection of shares.
Kainos shares gain again after a super report, probably just a question sticking with it. Hollywood Bowl shares have bowled up after a good report. Shorts in AO and AA are both producing a lot of profit. Reports from both companies didn't go down well and there may be more downside from both. But, probably not too long now before I bank the profits.
However, two on paper losses and yellow cards - one is Synt - it's gone ex div for a decent payout which caused a lowering today but any further falls and it's a red. Looks like it is about to bounce though. ITV
is also in yellow card territory though it did yield a big div.
What will the summer bring us? Crap weather? Who knows but I think we should all be prepared to cut stuff if markets sink.
NEW SEMINAR DATE: JUNE 28TH
There is a decent early bird discount so mail me at robbiethetrader
with "June seminar interested" for details.
Follow up: For those who have been to the starter seminar July 1st
mail me with "follow up interested"
Or if you want to take things really seriously spend a weekend in London and come to both days, mail me for details with "both interested".
Higher risk trades made for my sipp are exclusively available on my
email service (this is the website stuff plus exclusive trades mailed
to you earlier on update days). For subscription details mail me
with "email interested"
PODCAST WITH DJ NAKED TRADER!
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SPREADBET FIRMS:
It is hard to find a firm that does prices on the very small companies but this company does:
Website to your email PLUS extra trades which do not make it to the
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If you'd like the website material sent to your mailbox so you
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plus one or two exclusive extra higher risk trades not featured on the
site mail me at robbiethetrader with "email" in the
subject line and I will send you details on how to subscribe.
25% off Stockopedia sub and free trial
Stockopedia is indeed like a stock market encyclopaedia and a great place to scan for new shares to buy, check out fundamentals, discuss on a sensible bulletin board. Each share gets a ranking, you can use "guru" screens to find shares, there is even a stock screen loosely based on my criteria! There are strategies based on ideas from top investors.
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EXTRA INCOME FROM HOME
When I left my full-time job to trade it really helped having another income: this I got from part-time selling energy and phone services to people and getting a cut of their use of their home services forever! I still get enough from it now to pay all my bills. I am a great believer in multiple incomes and this is a great one in my opinion as anyone could do it.
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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.