DIY Investor Magazine
| August 2017
55
IT’S A BIG IF, BUT ‘IF’ I GET IT RIGHT AND THE MARKET IS
KIND TO ME THE HUGE LEVERAGE WILL TRANSFORM MY
RESULTS
I MISSED OUT ON 6% NOT GETTING BACK INTO HGM
(HIGHLAND GOLD) THROUGH DITHERING!
So by using
Contracts For Difference (CFD’s)
and
also
Spread Betting
I intend to effectively double the
£100k capital that
Fagin
and I agreed we would each
use for
The Great British Trade Off
; the plan being
to double, treble and possibly quadruple my winning
positions.
It’s a big if, but ‘IF’ I get it right and the market is kind to
me the huge leverage will transform my results*
The idea is classic
Jessie Livermore
- cut the losses
quickly but run the profits really really hard.
(* if my auntie had wheels she’d be a bus......Ed)
UPDATE – FAGIN: UP £13,175 AND LOOKING TO
PUT HUMBUG AWAY
“I have been bent and broken, but - I hope - into a better
shape.” Charles Dickens, Great Expectations
August is traditionally, supposedly, a quiet month.
Traders and investors are away, less liquidity in the
markets etc... this year however we have
KAZ (Kaz
Minerals)
the gift that keeps on giving. Another 15% in
the last week - I am up another £4K on paper.
It’s important not to be smug. Each day I must patiently
go to the market with my metaphoric ‘bowl’ and ask the
market to fill it. Often the market fills my bowl and then
sometimes it takes everything bowl and all!
However at this stage in the competition, my only losses
stem from me breaking my rules, with the 1st quarter
successfully ahead, I can see no reason to let up now.
If I trade my system (false breakdown short term swing
trading), keep my discipline and manage my mind, if
the triggers keep firing and I don’t get greedy, I can see
no reason why these results should not continue for the
next quarter and indeed to the end of the tax year.
I can see some sense in Humbug’s idea of using
leverage and compounding but I think his strategy is
better as a multi-year plan where is mine is obviously
designed for the quicker buck.
I am Conor McGregor to Humbug’s Floyd Mayweather,
except in this scrap I intend to maul Humbug in the
second round!
Pot total is now running at
£113,175
. I am around 50%
invested and long
KAZ, LGEN, HLMA,
AMS and
back in gambling platform
GVC
. I missed out on 6%
not getting back into
HGM (Highland Gold)
through
dithering!
Looking forward to the next quarter’s cut and thrust of
short-term swing trading; the only change to my current
strategy of trading pullbacks in an uptrend is:
a)
spend a bit more time doing my research
homework and
b)
not to dither!
Yours, Fagin
