Results trades, UK stocks

tomorton

Legendary member
8,378 1,335
Thursday update.

CRH and Grafton hit TP's and closed.

Closed Clipper Logistics manually for tiny loss as announcement yesterday did nothing for the share price.

Found a nice surprise email from my broker re-funding about a third of my loss on Unite - said apologies, they executed at the wrong price.

Second Unite buy order still pending.

Decided against second Old Mutual buy order: announcement due 31st but I don't want to chase the energetic recent price movement.

Considering next potential target Dechra Pharmaceuticals, announcement due 06/09.
 

tomorton

Legendary member
8,378 1,335
Friday update -

Unite No.2 buy order triggered.

Set buy orders for Safestore, Dechra Pharmaceuticals, Gamma Communications and Halfords. Safestore triggered already.

Monday's a Bank Holiday obviously so there'll be no movement then and I don't expect to add any new entry orders over the long weekend.

August performance report will be posted as soon as I can manage after the 31st.
 

tomorton

Legendary member
8,378 1,335
Upcoming targets for this strategy - all with announcements due 09/09 -

Computacenter PLC (CCC)
Emis Group PLC (EMIS)
Genus PLC (GNS)
Spire Healthcare Group PLC (SPI)
Stv Group PLC (STVG
 

tomorton

Legendary member
8,378 1,335
Monday update - Bank Holiday - no changes

Tuesday update - no changes.

August performance summary in draft, to follow here soon.

Correction -
Gamma Communications buy order triggered.
Scrubbed Dechra Pharmaceuticals buy order (excessive capital risk if using 1ATR14 as SL distance)
 
Last edited:

tomorton

Legendary member
8,378 1,335
August summary -
47 trades closed in the month, 3 of which were opened in July.
18 trades hit TP at +1.5r = +27r
18 trades hit SL at -1r = -18r
11 trades closed manually for aggregate appr. -3r
Net gain for month = +6r

This isn't earth-shattering but I look on it as steady. I would love to increase the potential return per trade and am looking at pushing the TP's out to +2r, so the r:r per trade would be 1:2. This seems ambitious but let's see what happens. I might need to use a trailing stop of 1r. What I don't want to do is turn results trades into long-term holdings - these are different trades and I will possibly soon run into margin limits. On margin, I might need to filter out some targets which carry very high margin requirements.

The holding periods averaged about 2 days (entry day + following day) across both winners and losers. Virtually half of the losers hit their SL on the same date, the day of entry, which suggests premature entries and/or spreads could be issues - many entries were soon after the London open, when spreads can be ridiculously wide.
 

tomorton

Legendary member
8,378 1,335
Thursday update -

Unite (second trade) closed on TSL for +0.5r.
Gamma Communications hit TSL for -0.5r. Announcement not due until 07/09 so second buy order entered later in the day.
Halfords buy order scrubbed - order placed in error - this isn't actually in a nice consistent uptrend.

Safestore still running.
 

tomorton

Legendary member
8,378 1,335
Friday update -

Safestore hit TP for +2r. Announcement not due until 07/09 so this could be another opportunity for a second trade.

Second buy order for Gamma Communications set and triggered.
Buy order set for Computacentre set and triggered.

Buy orders set for Emis and Spire Healthcare.
 

tomorton

Legendary member
8,378 1,335
Tuesday update -

Safestore buy order set and hit SL (same day!). Grrrrr.
Gamma Communications stopped out.

Emis buy order triggered.
 

tomorton

Legendary member
8,378 1,335
Wednesday update -

Added buy order for NCC (announcement due 14/09).
 

tomorton

Legendary member
8,378 1,335
Thursday update -

Emis and Computacentre both had announcements today, both hit their SL's. Both were helped by the trailing stop so the loss per trade was half what it could otherwise have been (if price had continued falling that is).

New buy orders set for -
Sanne (announcement 14/09)
Restaurant Group (15/09)

Spire Healthcare (announcement today) still running.
 

tomorton

Legendary member
8,378 1,335
Friday update -

Spire Healthcare hit trailing stop.
Due to use of trailing stops, the last 3 trades closed represent a total loss of1.5r instead of 3r, so I guess I "saved" half the capital risked.

Buy order for Sthree added.

Nothing running over weekend.
 

tomorton

Legendary member
8,378 1,335
Weekend update -

Cancelled buy order for Restaurant Group - worsening TA means no longer a clear and current uptrend).

Added buy orders for Galliford Try and Kier.
 

tomorton

Legendary member
8,378 1,335
Monday update -

Sthree buy order triggered but stopped out. Again, this was a 0.5r loss owing to the use of a trailing stop.

Buy order for Galliford Try triggered.

Buy order for Circassia added (announcement due 16/09).
 
 
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