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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. 
Of course the best memories come from stuff that doesn't cost money. The best things in life really are free
First a note I'm away on holiday abroad over half term for a couple of weeks but back again here bright and breezy on Nov 2nd.
Well I shall be meeting a few of you on Friday for the seminar, look forwards to it immensely, I really enjoyed the last one and hope it will be an interesting day.
Always is fascinating for me as you never know what will happen with the live markets all day and look forwards to chatting to some of you in the breaks and over lunch. More about Friday's event on the way for those of you coming.
A reminder for those of you who missed this one I booked a new and last date for the year, Nov 25th, so if you want to spend a day with me and the markets see below somewhere for how to book.
I'm off to the sun for the half-term break .. and to celebrate my gulp birthday. How did I get so old so fast? Remember I keep telling you it goes by fast. Stop fiddling with your i-thing, get out there and enjoy life before it is too late.
We're off to Tenerife with some friends and their family to a five star resort with plenty of activities for children so I dream of lying by the pool in the sun listening to music. A nice restaurant is booked for my birthday when I will be probably sobbing into my cocktail as time catches up and I can say I can never call myself young again.
Of course there are benefits to being an old fart too!
Another benefit of being away is Grandad and Grandma are staying at our place visiting London. The main benefit is Grandad is a top notch painter and he is giving the whole place a lick of paint. Which is rather handy as those of you with small boys know they smear stuff all over the walls!
I'm sure my young lad is going to have a whale of a time in the sunshine, we'll be playing lots of football and loads of swimming!
His football is really coming on! He's been moved up a grade and is now in a game with older lads than him.
It's fun to see the look on the faces of the bigger ones as this little guy comes shooting at them, relieves them of the ball and before anyone knows it, it is in the net.
I've given up getting anywhere near him. I get beaten 22-0 every time.
Me and the lad had such a lovely time yesterday. I picked him up from school and we walked to Richmond Park and sat by the amazing deer. At least 100 of them and we had a good chat with a couple of cyclists who stopped to look. Then we played some football and had a long wak to a restaurant to get some food and do homework.
Then onto the adventure playground for a final play and we chatted throughout, Yet another lovely memory for me for a year which is becoming full of great memories.
And of course the best memories come from stuff that doesn't cost money. The best things in life really are free.
My knee is really on the mend now thank goodness and I'm even considering not having the psysio on it as it is getting to the stage where it feels close to being normal.
I got a letter to say it is not a fracture which is a relief.
However was most disgusted to get a phone call from one of those parasite injury claim no win no fee lawyer firms.
They call, urging me to blame my fall on the council and claim compensation.
The fall was my fault totally and I have no intention of blaming anyone but myself. The reason insurance rates are climbing so high is in part due to these people who encourage others to claim money from in effect the taxpayer when the tax payer can't afford it right now.
The most sinister part of it was who told them and who gave them my phone number.
It could only have been the hospital. Or the GP at the hospital. Someone in the NHS is making a fortune in commission tipping off the parasitic lawyers.
This is terrible. I always give out a false number usually so I don't get sales calls but of course to a hospital you give out the real number not expecting the NHS to sell it. Or at least people working for them to sell it.
This info was not known by anyone else except the hospital. What a flipping disgrace. You just don't expect patient confidentially to be breached like this.
Well, before I head off to Tenerife I look forwards to seeing some of you at the seminar on Friday. In fact I better get some packing done... though I suspect in reality 10 T shirts and 3 pairs of shorts should do it!
Looking forwards to seeing those of you coming to the seminar on Friday and hope you will find it an interesting day, more news on future seminars below.
Another politician in trouble!
There is a surprise! And we wonder why we are in so much trouble.
When we have been ruled over years and years by a bunch of self-loving low achieving lot, what do we expect?
They care little about the country, and only their own interests are really at heart.
And 95% of time is wasted on petty party politics instead of doing anything useful.
I won't bang on about this any more but cut taxes now and heavily if you want growth.
Take the Hong Kong example. Corporations pay a flat tax of 16.5%, individuals pay a salary tax stepped from 2 to 17%.
What sort of terrible deficit do these low taxes produce? A budget SURPLUS!!
Indeed everyone in Hong Kong is going to get a cheque from the government!
There is so much proof that tax revenues rise through growth when tax is cut. Yet because this country is steeped in petty politics it will never happen here. We are drilled to believe tax the rich!! Yet the rich just leave taking jobs and growth prospects with them.
Come on, let us try a flat tax of 20% for just one year. Now watch the growth and I bet tax revenues will go up.
I'm so pleased the Met Office continues with its we're heading for minus 20c winter and that we are due one of the worse winters ever.
Because as we all know take the opposite. Last year they forecast a mild one!
So I can pretty much guarantee now that this winter will be lovely and mild. So some good news!
So I am happy to watch Downton Abbey with Mrs NT and record Spooks and watch that on my own.
Downton is watchable though I thought the last episode was bodering on a bit naff.
The bit where the bloke comes back from the front the main woman fancies comes in and starts singing was cringeworthy.
Also, he seems to be able to get back from the front every weekend ... rather convenient? And without a scratch on him..
Yes okay I know, take with a pinch of salt... must be a car chase coming soon?
Elsewhere don't forget Curb More 4 late Sundays, continues to be the best comedy ever.
I see to have three Dragons Dens on tape but not watched yet which makes me think perhaps it's kind of run out of steam...
Duncan and Theo look tired and bored of the whole thing, time they were "out". (Although I think Duncan is once again getting some results in the bedroom department. "I'm in!")
markets
.. continue to be barmily volatile. Although at least up for this week at any rate!
Just when you think one country causes a problem another country suddenly appears from nowhere.
Slovakia now, where did that come from?
Well, anyway at least markets are up for now after more sticking plasters were licked onto the economy. But you do wonder if at some point it will all come crashing down.
Well, as I'm off to Tenerife for half term in a few days my plan has been to do as little as possible for the moment as I don't want to be sitting at a laptop during the holiday watching volatile shares going up and down!
In the main I continue to sit on some cash, keeping hold of my good ones, and more or less sitting on the sidelines for now.
After all, I have made a lot of money so I don't see the point in taking massive risks now to try and make a bit more. I can easily sit back and relax a bit now and see how it plays out. Also, I'd rather be in some cash then start taking some losses.
I'm pretty convinced the strong ones I have a lot in should continue strong. And if the whole economy screws up, well we'll probably all be fighting each other in the streets.
Given I'm a rubbish fighter I'll join my friend in her house with her 500 cans of Tescos bangers and beans. (Value).
And so after my recent sell offs and profit and loss taking of the real volatile ones I've been simply eating toast, watching stuff I taped ages ago.
I'm just really not that interested in getting involved with the roller coaster current market wondering whether to place an upbet because someone may/may not say something, an economic figure may be good/bad...
I do have a shortlist of shares that look really cheap and I'll sit and wait with those and get in when it looks good. Preferably on a bad day. Those of who coming to Friday's seminar we'll go through the list.
However I could hardly resist one or two trades!!
Given Labrokes' history of bidding for companies and then not going through with it it was odds on the bid for Sportingbet wasn't going to happen. But I think the big fall after the talks were ended actually makes a nice buying opportunity so I picked up 10,000 Sportingbet (SBT) at 36.6.
Without a bidder the company actually looks very decent value as a standalone and in the mid 30s looks as cheap as casino chips. Meanwhile I don't feel there is a lot of doubt there will at some point be another suitor so this seems a good lockaway for some very decent future upside. And I can't see an awful lot of downside from here.
I think without a bidder there is 20% upside from here and with a new bidder 50%. That's my sporting bet anyhow!
As I mentioned last time I was about to buy some Cape (CIU) on the dips so I did it on a spreadbet for a tenner at just over 427. Nice company this though very volatile but I hope around the 420s is a bottom. Could be some nice upside however it has a habit of folding fast in a bad market so it looks like a pretty good case for a trailing stop.
I also nibbled at some IMI, which looks mighty cheap down nearly 300 points from its peak. Worth a nibble with a stop, a fiver a point at 768. As with Cape a main market fall would see it cave further so again a trailing stop looks the ticket here. I thought its last statement rather good.
Portfolio highlights:
Actually the portfolio has had a pretty good week.
Coastal Energy rises again after falling back - it seems to mirror the Dow because of its listing in canada but keeps coming up with excellent statements. Up well over a grand anyhow for now.
I expect by the time I next update I'll know if bid target Entertainment One is bid for! It will be a bit disappointing if it isn't but then again the company looks worth 180-190p without one and I've still doubled my money on it regardless.
Telecom Plus continues to be a shining star. I suspect it will buzz around 7 quid till the next re-rating but in the meantime happy to have the whopping dividends and it remains a fabulous long-term play Total profits here are well in excess of £50,000 and way more than that personally - plus all those lovely dividends. I would think these would be trading at a tenner within about a year. Another nice performance today, 800p potential by year end.
Kentz remains a big hope for me. Doubled on the initial spreadbets I still hold has in a small loss on the two recent top ups. With its massive cash balance there seems little downside and plenty of upside potential. They are now in the FTSE 250, so it tends to drift if that index drifts but looking ahead a couple of years I think it will get bought out at a much higher price
My long-term drugs hold BTG Group pulled off a very nice statement last week and since then the share price has continued to go up - with revenues well ahead of expectations, probably one to hold onto for at least another couple of years and a nice doubler.
I keep wondering whether to bank the rest of the Ocado short as there is a profit there of more nearly £4,000 It doesn't go up much with the main market but wonder if I am being too greedy expecting any further falls.
Avon Rubber produced another great statement - their masks continue to be in big demand and it looks like it might try and head over 300 again.
A few recent buys are sitting there doing not much such as Eros, Zotefoams, CML and RWS but they all look cheap so as long as we are not heading into the abyss, I'll stick in there.
The long-term Petrofac trade still holds good, was vaguely tempted to top up. Some bid rumours floating about.
