Page 13 - DIY Magazine March 2018

In terms of the psychology, I find that having a short on takes my attention and I am so pleased that my short is doing well that I get distracted and forget about how the shares I hold are falling!
Since the challenges of February, the markets have started to recover and my portfolio is now nicely up for 2018 so I am very happy. We are only a couple of weeks into March but I feel quite relaxed about how things are going and I suspect the drop shook out a lot of weak holders and now the markets can perform OK for a bit
- my concerns really are around the end of March and April when the markets can often go a bit smelly just before Summer. I will keep a close eye on things and be ready to short if I have to.
My new obsession (to add to my index trades fetish!)
is a desire to ‘cut out the noise’ and to make how I do things a lot more simpler - this is something that has
got into my brain over the last year or so and I am putting a lot of focus on these ideas. In particular I am deliberately avoiding all the opinion and stuff which comes out about stocks and I am getting more focused on the technical side of investing by using charts to help me make decisions - ‘trade what you see, not what you think’ is ringing a lot of bells with me.
Very recently I wrote a five part blog series on my website called ‘Evolution of an Investor’ where I used the first four parts to write in detail about all my 19 years or whatever it is of investing and then in the final part I put a lot of effort into outlining where my learning efforts are being focused as we go forwards - this includes a lot on ‘cutting out noise’ and simplicity.
Apart from the odd index trade I am not really doing much in terms of buying and selling of stocks; I am on the whole very happy with the stocks I hold and in no great rush to sell any - I might top-chop the odd position a bit but in general I want to ‘run my winners’.
I am convinced that one of the most basic (but hard
to avoid) errors that most people make is to buy and
sell too often; by reducing this turnover of stocks I am having a much easier life and I am lowering costs on my portfolio a lot.
As always, full details of my portfolios and the trades I am doing are listed on the website.
OK, that’s it for now, ‘til next time, Cheers, WD.
@wheeliedealer
WHEELIEDEALER & SOCIAL MEDIA INTERVIEW WITH TAMZIN FREEMAN OF WWW.PIWORLD.CO.UK – CONTENT FOR PRIVATE INVESTORS FOR PRIVATE INVESTORS
13 DIY Investor Magazine | Mar 2018