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This is a Blog that I wanted to get out ASAP because I hope it will help many Readers think about their Approach to 2015 and help with Planning. Obviously it will be beneficial if you get this before we get too far into 2015 !!
At this stage, I won’t dwell on the reasons for having Trading Rules - I am sure I have hinted at this in bits of my Blogs, Website Text and Tweetering, but let’s just assume that ‘Rules’ are a good idea and move swiftly on to the Template. I tend to complete this document in Early January every year - I am never organised enough to get it nailed in December !! OK, it is stretching a point to call it a ‘Template’ - it is more an example of how I tend to do it. Essentially it is a few ‘Parameters’ for my Individual Accounts and then a list of ‘Rules’ which should help give me guidance - this is particularly valuable when markets are tough and you are at risk of losing your nerve and panicking.
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THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Right, that’s Turkey and Mince Pies done, now we move onto boring old Insurance…yawn… Again, I will try to only do a short Blog (yeah, right Wheelie, you don’t know the meaning of the word ‘short’…) with an Overview of the Key Fundamental Points for my Buy and a look at Valuations, Targets and Charts. Luckily there is still some fuel in the WheelieCopter after our flight over Major Oil so no need to fill up for a visit to Norwich……..(The Quiz of the Week?….Younger readers have every right to be confused now.) Hi Everyone,
I decided to issue this message to say Happy Xmas and have a Great New Year - let’s hope 2015 is most prosperous for all of us. I feel a bit like the Queen at 3pm on Christmas Day doing her TV broadcast to the nation - give it a couple of years and you will be getting WD replacing her on the big day and ruining your Turkey Dinner as my ugly mug pops up on screen - Wheel Logo included in the background obviously. I want to say a massive and bold THANK YOU to everyone who has felt the pain of my Tweeting (my god you are tolerant to put up with that volume !!), endured my many far too long Blogs and all the emails and Tweet Chats and stuff. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
You may have seen on Twitter and in the ‘News’ bit on my Homepage that I sold all my Plus 500 PLUS exposure earlier this morning at about 565p. I wanted to give just a swift explanation of why I made this move - because it was a bit quick and that is most unlike me !! I have had a pretty nasty experience with PLUS so I am not really prepared to put up with any naughtiness. It has been very frustrating and I don’t need the grief - I am an old man and my heart is not up to it !! THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
No peace for the wicked is there. I have just finished Part 1 and now I am caressing my keyboard for Part 2. Shouldn’t be too hard as I do not intend to do much detail on the Company - I think most readers will have a sufficient grasp of what Shell do to enable us to cut to the juicy stuff. I will cover Key Fundamentals, Valuation and Target, and the Technical Analysis elements which suggested to me that it was a reasonable time to Buy. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Back on Thursday 18th December 2014, I bought a few more Royal Dutch Shell RDSB via a Spreadbet, so I thought a fairly quick Blog to explain this might be appreciated. I would like to know myself why the hell I bought an Oil Stock just as Oil is in Freefall !! Needless to say, probably the biggest driver on the RDSB Share Price is the price of Oil - I have not investigated any correlation but I suspect it is quite close - although I do not think RDSB swings around anything like as wildly as the Oil Price can. RDSB also finds ‘support’ due to the Dividend Yield - I will cover this more in Part2 if I remember - in simple terms, at 2000p, the Dividend Yield for 2014 is nearly 6% - this attracts the Income Buyers like me !! Uptrend Channel Break
This is obviously a Technical Analysis type Sell Signal. Occasionally (but not very often really) if I have a Stock that has done very well and been Trending very strongly upwards in a very well defined ‘Channel’, then if it breaks the Bottom Line of the Channel to the downside, then I might Sell the Stock. Obviously if it is a Stock that I really like from a Fundamentals viewpoint, then I might hang on to it and ride out the Technical pressures, but if I am less wedded to the Stock, then I will dump it. Some people use these kind of Indicators all the time in their Investing - but this is more a Trading approach really - and as Regular (long suffering more like) Readers will know, I tend to use Fundamentals to pick my Stocks and Technicals to time my Buys and Sells. Blimey, we have finally got near the Finish Line - one last push and we will get our Medal……with luck it will be a chocolate one.
I am sure you readers are just as fed up with this as I am - it seemed like such a great idea when we all merrily set off into the Sunlit Uplands…. Today we are doing a Long Term Exponential Moving Average (EMA), some shorter EMAs and Weekly Candlesticks (calm down, calm down, it’s not that exciting….. In addition, I have bashed out a Conclusion section tying all the stuff we have covered in this Award-Breaking series. Today I want to talk indirectly about Bias. I have named this Blog “Beware of Opinion” and I have planned all along to write about the dangers of ‘Opinion’ but now I have actually started prodding the keyboard, I realise that I am really talking about Bias.
I am not sure where this is going to go. You might think I have a Structure to my Blogs and I guess I do to an extent. But I have been thinking this Blog over for several days and I sat in the Kitchen with a blank sheet of A4 a few minutes ago and I just scribbled down, in no particular order, the points I wanted to cover. When is it time to dump a Stock? An overview of WheelieDealer’s Sell Triggers - Part 2 of 310/12/2014 Hopefully this Blog can flow sweetly, but I am a bit worried because I am starting it off just after I shoved a Chicken Pie and Chips in the oven - so I will be rudely interrupted in about 25 minutes and probably have totally lost my flow when I write the remnants of this with a full belly and after culinary distractions. I am not sure if these are ideal conditions to be producing a good Blog in - we will find out soon enough…….
This is the second part of my ‘Mini Series’ on what kind of situations make me Sell a stock I hold. Part 1 was focussed on my Income Portfolio and Unit Trusts - this one concerns my usual Trading ISA (including Spreadbets) where I am much more active (think Snail like trading as opposed to Glacial !!). Oh, by the way, I have written some text on Example Unit Trust Portfolios - expect this very soon. |
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