Hello and welcome, I’m back once again like a renegade master! First of all thanks for the comments on my previous post, it’s very much appreciated! The day I posted that last blog post was the busiest the site has been since its inception (not that it would take much!) and more of you are starting to sign up to my mailing list, which you can also join by clicking the link in the top right of your screen!
I’ve started making one or two changes to the site now as I’m looking to develop it and will be making more changes as the weeks go by. First major change is I’ve actually bought a proper domain name for the site, so if you have this site bookmarked then I’d suggest you now change that to www.thecraptrader.co.uk. Secondly I’ve added a Trading Beginners Tips page, again this will develop over time as I learn more and find more resources to add. This isn’t a page where I give advice about what to do, more where I think are good places to look for proper information when you think about beginning your trading adventures. For those of you who are far more experienced than myself and have any thoughts or decent resources which you think would be helpful please feel free to let me know and I’ll look to add them in!
Once again life has been very busy since my last trading blog hence it taking a couple of weeks to get something up. That plus the fact my folio has taken a severe beating recently has left me hiding in a corner somewhat until it all stops but more on that shortly! This coming weekend sees me fly out to the island of Ibiza for a few quiet (!!!!) nights with friends. This will be the 3rd year running I’ve been now and can’t get enough of the place. People probably think I should act my age a bit more but who cares, I can’t wait!
Monday saw the conclusion of series 7 in Game Of Thrones! Do we really have to now wait until 2019 to see the concluding season as is rumored everywhere. So many questions unanswered, and so many potential scenario's and plot twists I just don't know what will happen!! It really has been a tremendous TV show though with many outstanding performances, not least from Lena Headey who's portrayal of Cersei Lannister in that last episode was remarkable. She plays the character to absolute perfection!
Please note I am not tipping any shares and would seriously encourage anyone reading this to carry out thorough research on any company they are thinking of buying!!!!!!
As I alluded to a few lines up, I’ve taken a real battering recently with my SIPP falling from all-time highs to seeing a good 5%+ wiped off the value! Amongst this I saw TAP drop even further to knock me out of my stop loss.
Now I’m struggling a bit with regards to where I place my stops. I had originally followed The Naked Trader’s advice and had been applying a 10% trailing loss to my holdings, but this saw me knocked out of long term winners such as BOO and IQE. So I then tweaked this a little to leave a 15% trailing stop on TAP, but still I got knocked for a very small profit. Obviously I realise markets go down as well as up, but I do prefer to have that safety net should a company I hold put out a really cruddy piece of news which knocks half the value off. This however means I potentially get stopped out of the good shares as evidenced just. If anyone would like to share their own strategies or thoughts on where I could be going in the comments section please do so, or alternatively please feel free to drop me a mail at firstname.lastname@example.org. Any comments are very much welcome!
As we’re moving into the traditionally tumultuous September, I’m keeping some cash aside to see if there are any bargains to be had during this time.
Until next time…
Confessions of a Crap Trader is a blog following a regular investor trying to make profit via the London Stock Exchange. Follow his journey as he attempts to hopefully one day pay his mortgage off in full!