After 2 weeks of decline I had a positive week. Not as positive as expected. The week ended at £1,884.11, so an increase of £26.49. I’m going to start tracking the performance against FTSE All-Share. The way things are going I would be better off buying an index tracker!
So to the action this week… Inchape and Galiform where I amended the stop losses to just below the weekly close were sold.
The only other sale this week was Rightmove. These showed a sharp decline which I think had something to do with the announcement from Google. Good job my stop loss kicked in as they are a lot lower than when I sold.
There were 4 buys this week – Pearson, Home Retail, Aegis and Meggitt.
The two best performing shares I have are Tesco and Mothercare (Mothercare flew this week). They are in the black to a tune of £78 in total. I am thinking of adding another element to my Spread Betting Strategies about moving my stop loss when in profit.
My new spread betting strategy will be to move the stop loss to breakeven once the stock has moved into profit by twice that of the amount risked. Tesco has satisfied this condition so I will move the stop loss to 390.4.
Melrose were on my warning list last week and closed down lower which means I will amend the stop loss to just below close.
New accounts on the warning list this month include BT, BBA Aviation and Brown Group.
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