Page 47 - DIY Investor Magazine February 2018

Fagin is up an astonishing £40,775 (40%) in just eight months - he’s making Larry look miserable. Is he cocking a snook at Humbug? Not a bit of it.
Once again I have had a very good time in the market these last weeks and my portfolio is now at an all-time high - I’m almost embarrassed at how easy it has been.
I only had a couple of wobbles, once again by staying in a little too long. I had an issue with EVR Holdings (EVR) and an issue with KAZ Minerals (KAZ) in each case losing 3 times my risk. These shares sometimes move 5% in a day and my exit is based on a close below an 8 EMA, l. Apart from these two blows I have had a series and a mixture of both steady and quick winners.
I got very lucky with GVC Holdings (GVC) announcing their takeover of Ladbrokes and I have also benefitted greatly from the recent rally in gold; I’m pleased the Great British Trade Off competition has now been extended.
I read Humbug’s post with interest as he attempts to make his investment strategy work; a truly lovely man We had a wonderful dinner together last week - his knowledge of funds is now second to none and I am
looking forward to co-authoring his winning system with him as he suggests!
I will use the opportunity to bang on again about the virtues of sticking to one working system and the benefits of avoiding the chop and change.
If I have learnt anything in the last nine months it is these six things: do my homework, be disciplined with losers, follow one system, be patient with the market condition, account over a block of trades by keeping a journal and don’t be greedy.
I currently hold Highland Gold Mining (HGM), GVC Holdings (GVC), Legal and General Group (LGEN), JD Sports (JD.), Scapa Group (SCPA), DS Smith (SMDS), KAZ Minerals (KAZ) and Halma (HLMA).
As I write my account stands at £140,775.57; nearly a 41% gain so far!
Here’s to picking the market’s pocket in 2018 Yours, Fagin
47 DIY Investor Magazine | Jan 2018