Slow Trader Diary – week 27

Our fund, in total, is down 17%. Or £4,842.67 out of the investment of £30,000.

Those used to a ‘normal’ fund will consider this drastic as it takes an age in a ‘normal’ fund to come back 17%. However, I’m pleased with our recent come back to this level – always more difficult to bring a fund back up – but once we’re over the hump…

With sound money management (not risking too much too quickly) we can bring this back in a few weeks with proper trading.

However, remember that initially invested amounts are guaranteed and can be taken back at any time, in any number, without influence to the fund or fellow investors.

At some point soon I know, based on our lessons learnt, that we will soar.

Here are our trade results this week:

Long interest paid was £10.87 – a reflection of our limited trades due to the Greek issues and subsequent volatility in the markets (shares, stocks and FX). Bonds and commodities were not adversely affected, but I have not had a buy signal for those this week.

WPP PLC, – £194 loss.

CLS Holdings PLC, – £471 loss.

Pace PLC, – £145 loss.

FX GBP/JPY, + £384 gain.

Moneysupermarket.com, + £108 gain.

ITV PLC, + £93 gain.

Monster Beverage Corp, +£691 gain.

Elementis PLC, + £160 gain.

Total losses this week including long interest: £821

Total gains this week: £1,436

Not exciting. But considering many (probably all of you) with ‘normal’ long-term managed funds would have had a loss this week.

The Greek issue continues this weekend with the referendum.

We are out of the market this weekend. We are holding no trades; this is because the markets can ‘gap’ – either up or down – depending on the Greek outcome. A gap is a jump from the close of the market before the weekend to open of the Exchange after the weekend. Those without a guaranteed stop risk a significant hit to their funds.

Next weeks subsequent volatility could suit us. Looking forward to it!

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.

Moneysupermarket.com 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.