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 intraday 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 run 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 losing, 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 move 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 making 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. A relatively new share. Only five years of fundamental information, I prefer ten years.


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 loss.

FX AUD/USD. + £394. An intraday 4-hour chart so you can see the move.


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 directly to your smartphone.

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. 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 for each share depending on an acceptable risk level. Governed by several things but mainly the value of the stock. 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 reasonable price, and the possible upside 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 reasonable price and the last three days have seen a fair jump. A hold. up 5.4 points. A significant 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 and 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. 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 (more significant than shares) ups and downs of the market.

Shares traded this week

None 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. Specific 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 sizeable down period. It retraced more than I wanted.

On the plus side, we entered:

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

BT Group, this is a weak growth share but a positive growth none 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 run much lower. Hopefully, we’ll get an excellent recovery 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.