Slow Trader

Tag: WPP PLC

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

    However, remember that original invested amounts are guaranteed and can be taken back at any time, in any amount, 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 close of market before the weekend to open of market 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!

    B

     

     

     

     

     

     

  • 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