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The Naked Trader

Robbie has been trading full-time since 2001. His book The Naked Trader has become one of the biggest-selling finance books, reaching the top 150 books on Amazon. Trades made and published by Robbie’s have amassed profits over £600,000. You can read about his buys and sells daily on Proactive Investors.


Proactiveinvestors highly recommends that you read these books: Naked Trader 3The Naked Trader's Guide to Spread Betting and the brand new product, The Naked Trader Diary 2013.

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My main message over the summer to anyone is: don't overtrade!

July 16 2014, 3:51pm

MARKETS

 

The usual early summer lull is here as usual. With lighter volumes and people away it can mean some crazy volatility. You can find massive moves both up and down, enough to drive anyone sensible crazy.

 

There are a few ways of dealing with it, clear out and come back in September and enjoy your hols without a worry.

 

Sell up and wait for some bad days over the summer and do a little bargain hunting. Or, keep hold of some of your best ones, ignore the volatility and do a little shorting to cover. 

 

I'm off on a roadtrip to California so I've done some clearing out, got some cash on the table, took loads of profits recently. Got some shorts open in the high 6800s with trailing stops. Keeping hold of some of my good ones. Will look out for the odd day when away to buy at lows.

 

My main message over the summer to anyone is: don't overtrade. Buy something on a bad day only if you really think it's a good one and get out of it fast with a small loss if your entry point is wrong.

 

My other message is: don't take young kids to music festivals!

 

After my big clearout, taken profits, bought property I'm in the incredibly lucky position of not really having to worry about money ever again. I would have more than enough rental income now to pay to live well even if all my shares went to zero.

 

You may not be in the same position yet - so do take care over the summer especially if you are new to trading/investing. Keep your fingers off the trade button unless something looks exceptional.

 

The last thing I want while I am away is to add anything volatile because even a trailing stop means I would probably get stopped out at a loss.

 

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

 

I got 5,000 at 83 live at the seminar. Recent statements have all been strong. And it's buying back its own shares which should at least keep the price stable.

 

It keeps winning contracts and generates plenty of cash. So I hope for a re-rating up to 100 or so in time and it looks cheap in the 80s. Hard to get many too which is a good sign.

 

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

 

 I bought some Blinkx (LON:BLNX) at 32.2. I don't like volatile shares with question marks however I went for this because of its huge cash pile. But it's not one I'd want to be in for very long and would expect to be out quite soon hopefully grabbing a nice profit. Someone between 40 and 50 would probably do.

 

I shorted three, all live at seminars on spreadbets - Howden Joinery,Kofax,  and Ricardo, all three looking a bit overpriced. Howden tried to break 326 three times and failed so did a fairly lumpy short on that at the seminar at 325 and it's paying off nicely, indeed all three shorts have. I don't really intend to hang onto them for that long and expect to bank profits pretty soon, probably before I leave for the states.

 

Playtech (LON:PTEC) has become a lovely trading range share and I'm trying to repeat the buy at under 600 and sell around 650 trick, this time got them at 596.

 

 I sold Npt at a tad over 17 for a profit of £132. Although it looks good quite simply it refused to go higher and was then starting to come down which seemed some kind of warning sign and with level 2 looking weak I sold up. A statement then came out yesterday and it went down but I'm a bit puzzled with this one but why argue with the market? I'd be looking to buy it back quite soon on the weakness.

 

I've taken the final profits in the lovely Kentz That seems weird given I've owned it for a number of years but it has gone now after the bid, I felt it worth taking a few small pence less than the bid price of 935 to bank the money rather than wait a while for the full 935 in cash.

 

So that is a final profit banked for the website of £19,805 on the various open positions and over 5 years Kentz has earned me banked profits in excess of £100,000.

 

 Goodbye Kentz(LON:KENZ), you have been a star! Thanks for all the lovely emails that have been coming in from those of you who bought Kentz particularly at the various seminars it came up at over the years. (Well done Chris from Wigan!!)

 

I sold dsg  for a nice profit banked of  £972    - it reached target and I had a nice quick run with it. And I banked half JLF at 121 for a profit of £250.

 

So that is total profits banked for the website of £21,159

 

The rest of the portfolio looks lovely - goodness knows what open profits are overall but probably in excess of £150,000.

 

Of course on the site I don't include costs but then I don't include dividends either and the dividends outweigh the costs by a long way.

 

I shall probably lob in trailing stops as I am off on my holidays and I've closed off most of my spreadbets for now to resume in September. However I have build up some shorts on the ftse in the late 6800s so at least I make some money should the markets do a summer tank and I also have some suk2 in the ISA (See my book).

 

If the ftse busts higher over the summer then I've left stops in to close out the ftse shorts.

 

And with that I leave you till September, see you again with any market action I've been up to on September 10th when regular updates resume.   

 

Nakedtrader  was created after I left my full-time job as a finance editor for BskyB to trade full-time. I had been writing an diary page for its teletext service since 1998 and decided as I was leaving to transfer that to the internet.

These articles are simply a "diary" of my life, or what you would now call a "blog". I detail what I've bought, sold or shorted and briefly why. I use various spreadbetting companies and stockbrokers to carry out the trades. I ignore commission but also dividends and I reckon the two balance each other up.

So you should be aware this is not a "tipping" site and I do not consider myself, nor do I want to be, a "tipster". In other words tipsters will urge you to "buy" something - and they generally are regulated to do so by the FSA. I simply state I have already bought or sold something personally. Because of that I am not "regulated" - so I am not an authorised "tipster". I am simply a trader who states his positions.

That is quite a big difference. I am not allowed to give what is called "Individual investment advice". And quite right too - I am not trained to do so. What that also means is if you e-mail me and ask me anything along the lines of "Should I buy or sell this share?" I cannot answer you except to say it is your choice! Of course I am more than happy to answer anything to do with general market/educational questions.

You should understand I always have an interest, and sometimes a big interest, in any stock I talk about. For website purposes my buys will often be to smaller stakes than in reality. So although my buys are real enough, as are the prices, I can and often do buy much bigger stakes in the shares. I may also "top up" in shares without declaring it and I will  sometimes deal more often than I mention on the site - mainly because of time pressure, if markets are busy. So though the buys on the site are around the £5,000 mark I may well deal in reality is sizes of £10,000 - £30,000.

My reasoning for this is I simply do not want to encourage people to blindly follow me into something when they do not understand the potential risk. It's ok for me because I can afford to lose money I put into the market. It may not be the case for you.  I am generally a medium term investor holding my shares usually between 1 week and on occasions up to 3 years. Average holding time is probably about 3 months.

So one of my main messages is: don't be tempted to follow me blindly into my choices. Quite often, as I play momentum, a share I have bought may already be much higher than when I bought it, especially as I do not update every day. If you follow me blindly you may be buying at a much higher price and you may end up selling at a much lower one.

You should ALWAYS do your own research and come to your own decisions on share purchases. If you follow me into something and lose money, you only have yourself to blame and not me. You should learn about markets and understand what you are doing before entering them.

The most risky way of trading of all is spreadbetting, which I do quite a bit. You should carefully read all the warnings that the spread betting firms issue together with all the warnings in my books. And never, ever, play with money you cannot afford to lose.

The aim of this site is to entertain, and perhaps stimulate debate, and that is the condition of entry !I really hope you enjoy reading about my triumphs and mistakes, but please, just watch and enjoy my triumphs and learn from my mistakes. Consider this site as entertainment. If this is your first visit to the Nakedtrader website site, I thank you for visiting me, and hope you will find this site useful. 

After reading and agreeing to the disclaimer, click the "I accept" button below. Please remember, I cannot give any specific advice, as to whether you should buy, hold or sell any individual share.

"The investments and other products referred to on the Naked Trader website should in no way be considered "advice" to buy or sell anything.  Naked Trader information is given in general terms only and does not constitute personal advice to any individual.  Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. Naked Trader recommends that you obtain independent financial advice from an FSA-authorised intermediary before investing money.  Information given in previous editions of Naked Trader daily updates may become outdated and should not be relied upon unless confirmed by recent comment