Slow Trader

Tag: BT Group

  • How goes it? Week 25

    For simplification, I’ve combined Slow Trader and Ferrari into one fund which we will refer to as Slow Trader Fund.

    Our strategy in Slow Trader is to short term trade (using, primarily, daily close bars rather than intra day bars) shares in the FTSE 350, stocks in the S&P 500 and major foreign exchange (FX) currency pairings.

    Arm Holdings. We came out at a little over break even. I moved our stop as I was not happy with the possible trend change of this share price. The share price did move below our buy point but has subsequently moved up again. We are out for the time being.

    Halliburton Co. We set this share stop also to a little over break even. This took us out without lose and the share price has continued to drop. A good move on our part.

    BT Group. Moving the stop too early is usually not a good thing. I feel that the stop  should only be moved if something happens to make you change your mind about the share or the share price has climbed sufficiently to put you into a different price bracket. I got this wrong with BT. I moved the stop and got stopped out for £17 profit but the share turned and continued up!

    Ashtead Group. – £311 lose. On reflection, not a good share to take. A ranging share price, rather than my strategy of taking trending prices, this share dropped well below my entry price – but has subsequently turned up again.

    CLS Holdings.  – £325 lose. I made fundamental mistakes with this one. Incorrect retracement level without price action. If I had waited (patience is the virtue of a good trader) and measured the retrace correctly this could have been a winner.

    Snip20150620_7I bought at the red arrow, the green arrow was of course the correct buy point.

    Card Factory. – £311 lose. This is a relatively new share. Only 5 years of fundamental information, I prefer 10 years.

    Snip20150620_8

    We were in credit – having bought at the lower green arrow – but a sharp drop took us out. You will notice that I sell a share for a lose (or more accurately, I’m stopped out if a share price drops below what I think is acceptable).

    FX AUD/USD. + £394. This is the first time you have been introduced to FX. This is on an intra day 4-hour chart so you can see the move.

    Snip20150620_9

    We bought at the red arrow, we sold at the green arrow and we bought again (and we are still in) at the blue arrow. Easy! Okay, sometimes it goes ideally like this.

    We also had interest charges (mostly for carrying shares over the weekend) of – £32.

    We are currently in:

    CLS Holdings. We bought again at the green arrow on the CLS chart above. Although the price has moved up we are still -3.7 points as this is the spread. The spread is how the broker (in our case IG) make their money. It is the same as when you go on holiday and change your sterling for euros, you have a buy and a sell rate.

    ITV PLC. + 2.6 points.

    Money supermarket. + 12.1 points.

    Monster Beverage. + 568 points.

    Underarmour. + 464 points.

    WPP PLC. – 9 points.

    FX AUS/USD. – 20.9 points.

    Finally, anyone wishing to short term trade for themselves I am trialling a notification system to help you. You will get my information direct to your smart phone so you will need an account that you can action through your phone. More later.

    B

  • How goes it? week 24

    This week most of our shares came up nicely. But it is early days in this swing and we have some way to go (possibly this coming week) to reach our sell targets.

    Our only share to stop out was DaVita Healthcare Partners for a loss of £216. This is still an excellent possibility if I get another buy signal. On this occasion it dropped below my previous buy signal and I took our loss early.

    We are currently in the money in all our other shares:

    ….of note: In the weekly reports I show the points up and down, rather than how much we are up or down monetarily. I find this helps me stay separate from the money emotion of it all. I will trade an amount on each share depending on an acceptable risk level. This is governed by several things but mainly the value of the share. For example BT Group may have £30 per point risked whereas Under Armour has 0.9 pence per point risked…..

    Arm Holding up 7.8 points. This share has provided a lower high and I will move my stop up close or will come out soon for a small profit.

    BT Group up 11.7 points. This share has climbed nicely over the last few days bouncing off a 50% retracement line. We are holding.

    Halliburton up 63 points. In the oil equipment sector. This share came down 70 points on Friday. However, we bought at a good price and the possible up side is well worth risking our present 63 points. I will move our stop however so that at worst we will break even.

    ITV PLC up 6.4 points. We bought this at a good price and the last 3 days have seen a reasonable jump. A hold.

    Moneysupermarket.com up 5.4 points. This took a large drop a week or so ago. It provided a good buy signal for us, and the share moved up nicely during the end of last week. A hold for us.

    Monster Beverage up 35 points. This came down close to our stop. We were lucky not to have a loss on Monster. Price moved up on Friday but we are not out of the woods yet. A nervous hold.

    Under Armour Inc. up 275 points. This has been level for a few weeks. It jumped up nicely a week ago then stayed level again. Stop moved to break even. We will hold.

    Foreign Exchange currency pairs  – I’m still struggling to master the FX market and I’m down on those trades. However, we have made a clear adjustment to our strategy and potential benefits are well worth the perseverance.

    I will include FX in coming weekly reports so you will see the (larger than shares) ups and downs of the market.

    B

     

  • Shares traded this week

    Non of our shares reached their price targets this week.

    We usually only trade shares long (unlike the FX market which we trade long and short).

    The FTSE 350 and S&P 500 markets were generally down this week. Certain sectors like Home Construction had a good week.

    However, the general down periods in the market present us with buy signals.

    The one I got wrong was Southwestern Energy Co. A higher risk share for us as it was early in an up cycle following a large down cycle. It retraced more than I wanted.

    On the plus side, we entered:

    Arm Holdings which we got for a good price and is up a few points.

    BT Group, this is a weak growth share but a positive growth non the less. We are at even on this.

    Halliburton Co, we had a buy limit set on this company for most of the week. We recently got it and it immediately moved nicely up. An oil equipment company but very much dependent on the oil commodity price.

    Monster Beverage had a good buy signal but has moved lower. We are still in this share although my stop position will not allow it to move much lower. Hopefully we’ll get a nice recover in the market and Monster next week.

    Under Armour Inc. was bought early in the week and stayed low throughout. Yesterday however it moved very sharply up in our favour – still some way to go to our sell target.

    A reminder not to use this as recommendations as the buy time on most has probably passed. You would end up buying as I’m selling!

    You can get early information via WhatsApp – more on this later.

    Regards

    B