UK 100
Latest price: 6,597 (0.79% Ascending)
52-week high: 6,878
52-week low: 6,183
UK 100 - 1 year chart
UK 100 - 1 week chart
Advertisement
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.

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! Email me here for details.
Pdf

There, I feel better! Someone else to blame!

July 13 2011, 3:58pm

 

Well, we're heading into the usual summer malaise (probably not the right word but kinda nice anyway) - people are away, market maker offices are understaffed and often there isn't much going on.

This often means shares get more volatile than usual with bigger spreads making it pretty difficult. 

In the main given I'm away a lot over the hols I expect to trade sparingly, buying only where there looks like real value and maybe topslicing here and there stuff that has done really well.

Well, I did manage to get a FTSE short on near 6100, I had intended to hang onto it.

But other people are terribly persuasive. That's why I try and avoid Bloomberg, and bulletin boards etc. I try and steer my own course and not worry about what others are up to or forecast. 

By Friday afternoon I was a nice £700 up on the short and felt I would probably keep it for a while this week. Then because I was doing a follow up seminar with people in front of me I couldn't help but be influenced, they reckoned take the profits. So I did. What a mistake that was! If I'd held on there was another £2,000 profit there. Thanks, everyone!

There, I feel better! Someone else to blame!

Remember, when you lose on a trade, there is no point blaming the tipster, the magazine, the bulletin board guru, the guy in the nice suit on TV..  you made the trade, you're taking a loss on it and you are the only one to blame. 

Of course the FTSE continues in its 5700-6100 range. Buy in the 5700s and 5800s sell and short near 6100 for the time being! Needs to go under 5700 or over 6100 properly for any new trend to establish.

As per usual this year the best time to buy is at the worst moment of panic which was sometime in the middle of yesterday. Maybe this is a new buying plan: Just as you are about to press the sell button, by instead.

In fact, given most people lose, and perhaps if you are losing why not do the exact opposite of what you were going to do? Sounds like a winning idea?

Smith DS (LON:SMDS) looks good value even after a good run - I bought a few but then they went down and with sellers coming in I took a small loss. Looked for a reentry and found it I think getting £20 a point at 247.3 on the spreads (that includes the div). Probably a tight stop as it is influenced by the main market but good potential too for more rises. However a market meltdown and it would sink too.

The Supergroup (LON:SGP) bet paid off well with very good figures today, liked the look of those so surprised myself by increasing my stake by another tenner a point at 940 after the auction even though it was already up a great deal.  While it was well overvalued at its peak of 1800, at around a tenner looks good value and I'm looking for a run up to 1200, maybe 1300 and consider  it a shorter-term trade.

I shorted Tullet Prebon (LON:TLPR) for a tenner at 375. It's on a pretty continual downtrend so I've hopped on board as it looks like a bit of more downside to come. Probably not a massive amount but I'd have thought at least 350. of course the trend could change and if it did I'd get out for a small loss. Which is kind of what I try and do with shorts. 

I've shorted Carpetright (LON:CPR) for a tenner at 650. Like Ocado (LON:OCDO), I can't see why the share price is so high, it's not a great business at the moment and I would have thought about a fiver was the right price.

I've taken massive profits in both my bid target shares. Both because the potential upside left in both wasn't worth the potential downside of bids being pulled. In other words after such big rises it might be a mistake being too greedy for more and in any event there isn't so much more that makes it worthwhile holding further.

Charter's (NASDAQ:CHTR) gone at 828 to bank a profit of   £3,130  (Actually nearly £10,000 in real life)

Laird (LON:LRD) has gone at 190.1 and 190 to bank a total profit of £3,458. 

Obviously very happy with both those and in real life profit of over £15,000 banked. 

Electro (LON:ECM) went at 260 for a loss of £390 - shares were being hit by negativitty in the sector so it seemed best to quit. Two dull spreadbets quit:  Homeserve (LON:HSV) went at 505 to bank £110 and Hiscox (LON:HSX) at 420 for breakevenish. 

I topsliced a bit of Volex at 329 to bank a profit of £1,310 but keeping most longer-term.

Xaar (LON:XAR) has soared since I bought but though a great company it all looks in the price, so I've sold at 284 to bank a very nice profit of £2982.

 That's a nice profit of £10,600 banked for the site bringing the total profits banked since I started to nearly £930,000 inching closer to the £1m mark and the point at which I say farewell. 

 PORTFOLIO HIGHLIGHTS 

Telecom Plus (LON:TEP) put out a statement today. It says profits are going to be significantly ahead of last year. And everything looks very rosy there, not much move on the day which is fine as it went ex dividend for 14p today which means a nice fat cheque for over £6,000 is coming my way! And as usual it is unaffected by the main market moves.

 I think I'll be selling these shares one day in the 1500-2000 area. Just a question of waiting.  Website profit for the shares must be well over £30,000 though I'm too lazy to add it up. Profits in real life are nearer £150,000.  

 Recent buys go well. Especially Dominos Pizza (NYSE:DPZ) which is already 40 pts higher though surprisingly volatile.

It's getting close to target so considering a profit take. Croda (LON:CRDA) has rocketed and already up by nearly £3,000. Gamble Filtronic (LON:FTC) holds higher.  The two oil plays  Coastal Energy (LON:CEO) and Aminex (LON:AEX) both go reasonably well.    

 Surprisingly given recent falls the shorts aren't going down! Ocado (LON:OCDO) incredibly has gone up. Can't be long before it tanks properly. It looks to be like it is being held above the float price artificially. And Inmarsat (LON:ISAT) is a little higher, but I'll stick with both for the moment but also mindful it's usually better to exit shorts fast in a rising tide.

  Oxford Instruments (LON:OXIG) goes well as it heads above 900. Hoping for at least a tenner there.

  The wonderful Microgen (LON:MCGN) continues to go higher (and ignored by all private investors except me, not an exciting enough name!)  It remains a cracker and some lovely profits of more than £20,000 for the site. What a lovely share this has been since I bought it live at a seminar at 45p. It holds its value and slowly advances. Up again today, and it has also paid out some nice dividends.

Ms International (LON:MSI) and Latchways (LON:LTC) have both held some decent gains. Long-term slightly boring hold Bioquel (LON:BQE) seems to be picking up new contracts and  slowly goes higher.  . Exillon (LON:EXI) my energy play does ok in a bad week  after another encouraging well report. Also Porvair (LON:PVR) came up with good figures, I have doubled on that one now.

Alternative Networks (LON:AN.) heads back up after the profit takers have done. This one I feel is a bit like Telecom Plus were barring an exceptional event it ought to carry on higher with  profits and dividends just keep rising  . I would expect them to hit 400 within a year.    

   Gresham (LON:GHT) is quietly still going higher under the radar! It's gradually lifting unnoticed by the market, which is fine by me!  Entertainment One (LON:ETO) has risen a few points. I reckon it will power up to 200 odd from here in time. 

   The Vitec Group (LON:VTC), an unsung hero of the portfolio reported great results and I'm up and over £4,000 profit here. Looks good for a few more points.  Dialight (LON:DIA) can't crack the 750 though support in the low 700s.     it is expanding into Japan. The website holds profits of nearly £40,000. In reality, as those who've come to seminars have seen, my profits actually way greater than this.

Similar story with Carclo (LON:CAR)  this is a nice long-term hold where I have doubled my money. There could be a lot of excitement about Carclo later in the year.    Avon Rubber (LON:AVON) holds well,  already up  more than 30% since buying recently, it is testing support now at  300ish.

   Affero's (CVE:AFF) price continues to be nuts and is hard to value, still together with my free shares it goes back into a pretty decent profit even taking into account the loss on the top up. 

       Yule Catto (LON:YULC) has some bid stories swirling around, as usual best to take with a pinch of salt though this seems to have got it over 220.  Obviously I hope the bid story at 350 will turn out to be true!

  Another good statement from BTG (LON:BGC) , long-termer continues to look good has nicely doubled and looks strong this week after another good statement.

      Petrofac (LON:PFC) remains a core hold. Though easy for me to say that as I bought in the 350 area. Together with spinoff  Enquest (LON:ENQ) sees me sitting on profits of £30,000. 

 

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