FAGIN GETS A PRESENT

FINANCIAL INDEPENDENCE

THE GREAT BRITISH TRADE OFF

FAGIN GETS A PRESENT

This posting is not investment advice in any way shape or form, it is simply a record of our trades and investments. Please do not copy anything we do or have done, always make your own decisions and do your own research.

June the 5th 2018. Is it Fagin’s birthday? Answer, no it just feels like it. As you may remember he snatched a quick profit of £472 out of Bodycote PLC (BOY) a few weeks ago.

But what is even better, is that the share went XD in the short time he was holding it and he received the dividend of £556.50p .yesterday.

A good start to his week, because lets face it, it’s always nice getting presents.

 

Monday June 4 2018

HUMBUG’S CHINESE ODYSSEY

(THE SLOPE OF HOPE!)

In my quest for FINANCIAL INDEPENDENCE and the FINANCIAL FREEDOM that that brings, I invest in an unusual way. Rather than spend hours doing fundamental analysis (which I’m useless at) I out-source individual share selection to the funds I invest in and then pick those funds purely on technical grounds.

I’m a momentum investor and the difficulty with that, is deciding which fresh up moves are likely to develop into a decent trend and which ones to avoid because they’re going to fizzle out prematurely.

As Fagin my opponent in the trading competition THE GREAT BRITISH TRADE OFF is wont to say, any bloody fool can look at the middle of the chart and tell you what you should have done. The hard part is doing it in real time at the right hand edge of the chart.

Obviously, it’s the right hand edge of the chart that I work with and its interesting how often a sell off followed by a pivot round and a few weeks of upward momentum as the price crosses up first through the six week moving average and then the two week one herald the start of a new trend.

let’s be clear, if it happens, the new trend hasn’t started because of the price action. The price action is simply reflecting and predicting the results of the underlying market fundamentals.

It’s the same as the canary i

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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