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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.
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Markets part two!

15th Aug 2011, 4:36 pm

Markets part two! 

 

Here's the final round up from all the trades made... again some sold, some sold and bought back and one or two newbies.. 

 

Here are a few more I bought after they got knocked down. Norcros (NXR) bought 30,000 at 12.25. Made a nice trade on these before. They look oversold.

 

I nipped some Trifast (LON:TRI) 10,000 at 41 - nice little engineer this one. 

 

Avon Rubber (LON:AVON)went down to a nice price and bought a further 1,000 at 243 which is great as they have since bounced back (gettit?)

 

Aminex (LON:AEX) went at 6.6 for a profit of £205.  Anite (LON:AIE) at 70 for a profit of 389.I reluctantly took some profits on Petrofac (LON:PFC) at 1335.4 for a profit of £8,834. Looking to buy some back though still have a good amount. Exillon (LON:EXI) sold at 420.6 for a profit of £2,812 and bought back at 332. Spreadbet gone at 418 for a profit of £3,245

 

XP Power (LON:XPP) looks good value now and got 500 at 1242. Treatt (LON:TET) sold at 415 for a profit of £984. I topsliced a bit of loq at 175 for a profit of £2,775. Sold the last lot of AZ to follow sells last time at  266.6 for  a profit of £254  and bought some back at 209.9.  

 

Affero (CVE:AUR) has gone at  98.5 for a loss of  £137. Bought some back at 68.1. Well kind of not really losses as I still have the free Aureus (LON:AUE) shares currently worth about £2500. Though lost a shedload of paper profits obviously.

 

I've closed the Inmarsat (LON:ISAT) short at 401 for a profit of £1,500.  I've bought some DS Smith (LON:SMDS) on the spreads, £30 at 188. 

 

That's a total profit banked of £20,861, grand total banked then is £32,686.  That gets me to within £50,000 now of bagging the £1m for the site!

 

Phew, well a mixed bag, in general I think I probably sold stuff a tad too late, missing the top on everything. However generally I'm quite pleased as after all though I lost some paper profits at least I have banked quite a few and hopeful that some of the topups made on the big sell off days will work out.

 

Goodness knows were we will be when I update again on the 7th September!! I would be not surprised if it was 4,000 or if it was 6,000!

 

However on the whole I think the market is now pricing a bit of a recession in and actually around 5000-5500 is probably about right.

 

I hope the volatility subsides giving an easier rest of summer and again best of luck in any way you handle it.

 

It could easily turn out that I shouldn't have sold anything. We'll see!

 

Have a lovely rest of summer and hope things turn a bit easier. I now have some cash free and if there is a major crash I'll be a buyer for more. 

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