Well with the FTSE down sub 4000 again today i am pleased to say that all my trades placed to date have now come into profit (apart from TEP). A great sign given that a few of my recent picks (mainly the pharma's - SDS, ATD etc) have been on the up irrespective of the FTSE direction.....!
I sold the remainder of my STAN shares at 1025p which was great timing given I bought back in today at 910p... looking for 1030p on this before bailing out again (currently up at 950p).
I have started looking and thinking more about this and 10% return is starting to mean I constantly need to be looking for my next trades and researching the companies in question...! Often as well I am selling out of some trades too early. I'm therefore going to force myself to look for 15% profits from here on in rather than bailing out so early like i have been to date.
I bought Oxus Gold (OXS) earlier this week too - a small cap mining company that is looking good, has some director buys near to its current price and is obviously intrinsically attached to gold prices which if you believe the press are expected to do as much as double in the next year as investors look for safe havens... for me its a 15% return before i'll cover and see how much further this one can go!
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