So, part 2 of round 2 begins !
I have been eagerly watching the markets over the past month or so and I have been analysing my trades from Part 1.
Two key mistakes I made in the last round were; firstly trying to hedge my portfolio with Index shorts (and stock shorts) and secondly, adjusting my stop losses way too much. I was playing with a strategy where I adjusted my stop loss closer and closer to my break even point as the price moved up but with a slight correction, I was sold out. I back tested my trades and worked out that I would have been a lot better off without adjusting my stop losses so much. I looked at what I had done in Round 1 and I pretty much left the stops alone until I had reached my target price.
So I have again allocated £45k for bets and spent a total of £44,877.94.
I have 18 bets, all long bets. I am no longer going to bet against the rising tide !
Great start to Part 2 - up £395 so far.
Until tomorrow...
Stock
|
Long/Short
|
Entry Price
|
Latest Price
|
Current profit/loss
|
% on prev day
|
% on total risk
|
Righmove
| Long
|
1,943.00
|
1,957.00
|
255.50
(BOUGHT)
|
|
10.29
|
John Wood
| Long
|
806.80
|
801.00
|
-256.65
(BOUGHT)
|
|
-10.27
|
Dunelm
| Long
|
825.60
|
824.00
|
-69.20
(BOUGHT)
|
|
-2.77
|
Aberdeen Asset Management
| Long
|
459.86
|
460.90
|
80.60
(BOUGHT)
|
|
3.23
|
Regus
| Long
|
169.22
|
167.30
|
-404.64
(BOUGHT)
|
|
-16.20
|
Afren
| Long
|
132.93
|
134.80
|
502.10
(BOUGHT)
|
|
20.09
|
Signet Jewelers
| Long
|
4,524.00
|
4,523.00
|
-7.75
(BOUGHT)
|
|
-0.32
|
Meggitt
| Long
|
494.79
|
496.50
|
123.12
(BOUGHT)
|
|
4.94
|
Euromoney
| Long
|
997.00
|
995.00
|
-71.50
(BOUGHT)
|
|
-2.87
|
Diageo
| Long
|
1,981.00
|
1,987.00
|
108.00
(BOUGHT)
|
|
4.33
|
888 Holdings
| Long
|
178.75
|
180.50
|
349.56
(BOUGHT)
|
|
13.99
|
Savills
| Long
|
604.00
|
601.50
|
-147.50
(BOUGHT)
|
|
-5.91
|
SOCO International
| Long
|
386.66
|
385.00
|
-153.14
(BOUGHT)
|
|
-6.13
|
Moneysupermarket
| Long
|
205.01
|
208.00
|
520.26
(BOUGHT)
|
|
20.84
|
Restaurant
| Long
|
480.10
|
481.60
|
111.38
(BOUGHT)
|
|
4.46
|
Serco
| Long
|
614.60
|
612.50
|
-121.80
(BOUGHT)
|
|
-4.88
|
Senior
| Long
|
258.85
|
256.90
|
-268.61
(BOUGHT)
|
|
-10.76
|
Xaar
| Long
|
529.30
|
527.00
|
-154.68
(BOUGHT)
|
|
-6.21
|
|
|
Running profit / loss
|
395.05
|
Diff from prev day
|
395.05
|