It’s quite unbelievable that it is exactly 16 years to the day of the attack on the twin towers. It was one of those days where you knew exactly where you were as the news hit. I’d not long been out of a bed after working an evening shift at the Alton Towers Hotel of all places! Switching the TV on to check out the news and seeing that second plane fly into The South Tower, and ever since then the world has changed remarkably. We saw wars on terror, which only resulted in even more terror worldwide! What are currently left with can only be described as something of a clusterfuck!
Despite the gloomy outlook for the world generally presently, things are thankfully much better closer to home! Mrs CT has just gained herself a promotion, which has been more than earned for the effort, long hours and amazing talent she has. I shan’t inflate her ego too much but to say I’m immensely proud is an understatement! We went into our local town on Saturday evening to celebrate, grabbing something to eat in one of the newer trendy bar/eateries that have sprung up in the past 12 months. It really has become something of a cool place to go to dine and have a few drinks since we’ve moved to the area, further reinforcing our belief we absolutely made the correct decision! I’m just looking forward to my wife’s continued rise through the ranks, as I’ll then be able to retire even earlier and become a kept man!!
As I’ve mentioned in a previous post, my football team are Port Vale, who appear to be doing all they can to get worse and worse. After another defeat on Saturday we are literally the worst club in the professional game! I’m really not looking forward to having to go this coming Saturday!
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!!!!!!
Despite my previous comments regarding September being traditionally a bit crap, it has actually been excellent so far! I’m not going to count my chickens too much but I’ve managed to claw back most of the drop experienced in recent weeks! XL Media (XLM) have this morning dropped their 6 month results which make excellent reading which leaves the current share price up 8% on the day at the time of writing. Creightons (CRL) has also shown a remarkable turn around in the past week which at one point saw me down 10%. As we speak I am now showing a profit of around 13% on paper, hopefully we’ve seen the turn on this one as I think it’s a company with great potential. Elsewhere BooHoo (BOO) has now turned from a loss to a profit within my portfolio, results are due very soon so all being well they will continue to follow their excellent progress from the past couple of years.
There’s not a great deal else to report on current holdings, I’m steadily building funds up in my ISA as I mentioned previously and I’ll let that get a bigger pot before I look to invest funds there, hopefully it won’t be too long though!
I have however this week taken some time to review how I'm doing and what lessons can be learned from previous trades. When I look through the list of previous sold shares, the profits/losses that I took on these, and where these shares are now, the lesson flashes in massive letters I SELL FAR TOO EARLY!!!!! This is both as far as selling losers and winners! I won't run through the full facts, but basically had I been in a position where I'd have held all shares bought in the past 18 months, I'd have made TEN TIMES MORE PROFIT than I actually have done! So there's plenty of food for thought here and a lot to take away and think on regarding strategy going forward. But basically, I am able to find a decent share, but as is often the case, it's what I do with it once held that needs working on!
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!