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Thanks Kevin, fingers crossed. I think for now I won't touch any of the stocks, whatever the news. I want the portfolio to be as passive as possible, besides the annual score calculations. Also you never know what may happen, a beaten down stock could get acquired for example. Having said that once I have a few years of data, if it's clear that removing the worst performing stocks part way through the year would improve results, then I may consider it. But for now I'm just going to let it ride. I'm sorry the spreadsheet isn't available, however it's fairly straight forward to make. Thanks for the comment.

Hey KiwiCam, yeah hopefully it turns out well 😅. That's a great question, I suppose even deciding the weighting between sectors is bias in itself. The reason for having more tech stocks this time was simply that way, way more tech stocks were passing the checklist than other sectors, so I felt if I'm following the checklist I should follow that to some degree. So I may do that going forward, proportion out the sectors to how many pass in each one. I suppose the most un biased way would be to just have 6 of each, though I do feel I would be missing out on some of the higher growth then. Or even simply the top 30 scores, regardless of sector. This would lead to heavy weighting in certain sectors though, especially tech at the moment. But maybe that is what it should do, follow the highest growth sectors for each year. Lot's to think about, thanks for the question. How would you do it?

Yes September not much better so far! There's usually a rally to end the year though, hopefully the same this year. Also looking forward to FNX results, they had a strong trading update at the end of July, so I'm expecting a good report. The UK seems to have no independence at all, it's one of the main reasons I started investing in the USA. As you say even if the UK is strong the market will still go down if the US is weak. Very frustrating.

Hi Wolf, yes I'm good thanks, hope you are as well. It's certainly a crazy market at the moment, which I can't say I'm much of a fan of, but it's certainly an education! I think you're right on stops, I need to be making them tighter, especially in this environment. Like you say I will get stopped out more, but protect the bigger down side. I've been struggling with placing stops on gap ups, so what you say about the best not tending to fill the gap in the short term is very useful. Yes I think a spread betting account would work, I have an account but only play money really. The bulk of my investing / trading capital is in SIPP's or ISA's though & I don't really want to withdraw any to fund the spread betting account (well I guess I cant from a SIPP anyway). Definitely something to think about though, especially for the short term trades. I think it depends how serious I get in terms of shorter term trading, as it may be worth committing to a spread betting or proper trading platform at some point & accept the tax implications. Always appreciate the comments, thanks.

Hi Wolf, hope you're doing well. Thanks, it's certainly the best portfolio I've ever had in terms of not having big losers. Long may it continue. There aren't really many US earnings coming through right now, they tend to all come at the same time in a 3-4 week period. It all kicks off again on the 15th for a few weeks. Of course there's the odd one coming through, but none that are on my watchlist since the 5th June. I do far prefer the US system to the UK's. It's far easier to see how a company is doing and knowing exactly when the next update will be is very useful. It does mean you have a month of hectic activity every quarter and not enough time in the day to get through all the earnings though. The overall US market is quite strong at the moment though, S&P 500 & Nasdaq just put in new ATH's and there's many individual stocks putting in new ATH's (META, MSFT, GOOGL etc). Tech is still going strong with the mega caps pushing the market up. The upcoming earnings season will be a huge deciding factor though, if companies come in still beating expectations I assume we'll carry on higher. Though if there's any weakness, or even just in line results, I can see quite a big sell off happening.

@@PhilPerryInvestor oh totally agree on UK earnings. It's a crazy vague system, using weird adjusted numbers, who cares about adj EBITDA? you have to go out of your way to get basic information. Most large/mid caps use brokers private investors can't access, so for beginners it's a real minefield. Once you've read enough over the years you can pick out certain words and phrases to have a decent idea what's going on, but it's a completely inadequate system. Can see why people prefer to just stick their money in a global tracker

Thanks Cam, I hope you had a good month as well

Hi Wolf, thanks for the comment, very interesting as always. I definitely need to trust my system now, commitment is a thing I'm struggling with, so I need to improve that. Fantastic results again, well done, that's incredible numbers for a month. Don't worry I always want to hear from people doing well, it lets me know what's achievable and gives me targets to aim for. I hold some UK stocks that are performing well, like KEYS, AJB & GAMA, though with my system there's not a lot coming up to go on my watchlist. Whereas for the US there's almost too many. Hence why all my buys have been US stocks this month. The declining earnings for US stocks is certainly something I'm keeping an eye on. I've just had a quick look through and 25 of the last 36 stocks I've done snapshots for have projected declining or negative YOY EPS. Using bonds etc is something I need to add to my game at some point, I haven't put the time in to understand how to use them properly yet. Sounds like a sensible plan though. Do you have your strategies, trading journal, or anything similar online anywhere for public viewing? Would love to learn more about your process as you're clearly doing something right.

​@@PhilPerryInvestor Thanks for checking on declining EPS, you'll know when the market is weaker as breakouts will start to fail. I don't have anything online, sometimes post on Stockopedia tho I'm not sure its all that insightful. Commitment and trusting the system will happen naturally over time the more trades you do, just as stop losses become completely unemotional once you commit to them. Where you'll find your system really helps is when a big selloff happens, you'll be sitting in high cash, others will be fretting as they're down 20,30,40%, you'll be mentally very positive waiting to start buying again. You tend to buy higher quality companies on the whole ( I do hold GAMA too) UK market is much smaller so have to lower expectations a little. I also love gap ups, I see you had a couple this month, I'll even buy these in downtrends if it takes the market by surprise and theres an earnings upgrade so things like IG Design,CMC markets. Don't think they'd have passed your tests I've been doing this since the dot-com bubble, it took me 10 years to become semi competent. You're way ahead of where I was then and much more organised than I am now.

Great advice, thanks. I'm very much hoping that's the case when markets turn downwards, as it's the main reason I switched away from value investing. Seeing my holdings down 40% plus is not fun. I have been thinking whether I need to lower my quality barrier for UK stocks or not, if I want more exposure there. I think I'll leave it be for now as I've implemented a lot of changes recently, though it's something I'll keep an eye on. You're right, IGR & CMCX don't pass my checklist so I'm missing some big break outs. I appreciate the encouragement & for what it's worth I see your posts on Stocko & find them very useful.

That's a fantastic return for one month, well done. Using the notes system on Stockopedia is a good idea, I've never really used it but I guess you then have all your analysis with the stock sheet which is nice. Good to hear you use a similar system, I think a simple traffic light system helps simplify the decision process when it comes to buying / selling. That's a shame about Cliq Digital. I think we all break our own rules occasionally. I know I do, probably a little too often!

Thanks for the comment Wolf. That's interesting regarding looking out 6-12 months. It certainly makes a lot of sense to me if a companies forward guidance is for accelerated growth, even if their current results aren't great. Have you had success with that in the past? Continued excellent results, well done! I'm hoping I can move up into your league once I get my strategy nailed down & actually start executing properly.

@@PhilPerryInvestor Hi Phil. Id say it depends on where we are in the investment cycle, 2022 was all about protecting gains so Id be less inclined to give any company the benefit of the doubt in a down market. Prefer to see actual beats in forecasts. Now the market is looking forward to falling interest rates etc can afford to be a little more loose I think. UK market looks like it bottomed in Oct 2023 so the best gains are usually made 12-24 months from the bottom. US market is well ahead of UK. Of course I could easily be wrong so would need to change strategy if so. I focus mainly on EPS growth/earning upgrades, thats usually the fuel to outperform the market consistently, combined with charts. A also use MACD as a buy/sell indicator. Love your colour coded earnings by the way, I do something similar with sharepad but much prefer the way you do it so might have to steal that idea:) Theres always tweaks and improvements to make no matter how long you do this, its a neverending learning process. If you enjoy the process, keep compounding gains, then youll succeed .

@WolfofSmallStreet-tg5pi I think I may need to add some form of indicator for upgrades. It's usually caught by accelerating earnings / sales, though there are those times when they are upgrading from a low base and the stock still fly's. I have experimented with MACD in the past, amazing how many different strategies there are out there. I guess it's just about finding what works for you, totally agree it's a never ending learning process. I'm very much enjoying it. I've been reading up on how to read market cycles to give myself a better idea of where we are, rather than trusting the media, who seem to be wrong far more often than right. More how to spot the pivot points as you've mentioned. Realising more and more that any strategy will likely need tweaking depending on where we are in a market cycle. Feel free to steal the colour coding idea :)

Hi Marco, I like KWS as a business. I had a failed entry on 8th Feb, but it's checklist score fell after their earnings, so I'm not allowed to buy at the moment. If I were a value investor I would be tempted to pick it up at these levels. Being the 'picks & shovels' of the gaming industry they have quite a defensive element to them & they are very highly respected. I'll be waiting for an acceleration in EPS before I look to buy again though. Thanks for the sub!

@@PhilPerryInvestorHi Phil. That's right, as you say, for the long term at these prices it seems very reasonable. Given stability in its EPS, the price can rise sharply. I think its fundamentals are good and its growth too. Thanks for your opinion. I am value investor, by the way

Hi Wolf, you're delivering some great results, congrats. Can I ask how concentrated you are? How many trades would you typically have going at once? I think that's one of the main things I need to refine. Looking back at the S&P is very interesting. I've never traded anything other than individual stocks & investment trusts. Are you looking purely at chart set ups or are you taking any fundamental factors into account? Such as interest rates, unemployment rates etc.

@@PhilPerryInvestor Hi Phil, normally 12-15 but I'm at 25 just now. Looking for stage 2's and there's quite a lot of potential candidates. Some are half positions tho so will add on breakout or dump if news it poor. Only looking at chart for S&P ignoring macro. Want something easy so went for 10/20 week EMA cross as signal. Sometimes get 1 or 2 buy/sell crosses a year, sometimes none for a couple of years. Usually takes you out less than 10% from the high avoiding any potential crashes.

That's very interesting, thanks for the reply. Being able to get out less than 10% from the high would be very useful, even if just as a read across to individual stock holdings. I'll have to take a look myself at some point.

I'll certainly make the video once I've finished all the back testing, it's great to hear you'd be interested. It's very difficult to get the timing correct I'm finding 😄. How do you choose the stocks on your watchlist?

@@PhilPerryInvestor Currently its a crude process of getting ideas and putting them through a simple excel of a few questions (is it profitable, growing, in a good sector, has a moat/niche, do I understand it?, quality metrics ROCE etc, does it have debt, whats its current P/E and normal P/E range). I then take time to look at more detail while I keep an eye on the price action. Its definitely helping despite its simplicity!

Yes that sounds very similar to what I'm doing. I think it's a great strategy for getting rid of all the low quality stocks that may throw up issues. The only thing I've started looking at less is the P/E ratio. I still take note, but it's not something that would prevent me from making a buy any more. "Its definitely helping despite its simplicity!" - For me this is the goal. I think the simpler the better, it's easier to follow then & less opportunity for mistakes. I'm doing a lot of experimenting at the moment, but eventually I want to simplify my system as much as I possibly can.

@@PhilPerryInvestor Totally agree with P/E ratio, used to really focus on it now I just like to know where it is in its normal range. I'm seeing a lot more success being value agnostic and prioritising quality and growth. Made a big switch in the past 6 months buying into uptrends with the support of understanding charts much better. Congrats on your first 3-bagger in Meta. Only had one myself so far, and that for sure was luck in my first year of investing in 2020.

I'm glad you're seeing a lot more success, it's always satisfying to make a change & see positive results. Here's to us both getting many more 3-baggers 👍

Thanks Martin, I appreciate the comments. I hadn't considered the broker fees, that's a great point! I think it would be a reduction in number of stocks if anything, higher conviction trades on the best set ups. Like you say having 30 would probably be too many and reduce the accuracy. I'll wait and see until all testing is done, but I'm thinking around 10 may be optimal.

Hi Martin, so all of my technical rules are taken from other people, mainly from Stan Weinstein & Mark Minervini. Both have very good books which for me really made sense. I basically just took elements from each, though they're very similar. Really it's all based around the 150, theoretically I could turn the 50 off. It's just based on the trading style you want, if you used the 50 it would be more a swing trading style, quick smaller gains. The 150 is more for position trading. So the entry is based around the stock being in an up trend (Stan calls it stage 2) coming out of a base stage (stage 1), so usually the 150 will be upwards or sideways. I'm going to put out a dedicated video soon on all of my rules and run through some trades. Recently I've been back testing all of my watchlist for the past 10 years to see what the results would have been, they're pretty good. My update video comes out tomorrow where I talk about it a bit.

Thanks for your detailed reply, Phil. Like the idea of you doing a video, based on your rules. I have my own version of a Stocko checklist, based with 20 criteria’s. It was based on “This is the territory of investing greats like Richard Driehaus, William O’Neil and Mark Minervini” as the original ‘blurb’ I adapted. My weakness has been I’ve discovered the stock, done the research, but without really looking at the stock market tech indicators and the direction the share is heading. I had the incorrect belief that if the company had good fundamentals, it must of course, go up in a healthy direction. Tech indicators has always put me off, as it seemed like ‘voodoo magic’. However, the way you have explained your system, is straightforward and not overloaded with specifications. Again, thanks for your reply.

Hi Wolf, thanks for the comment, lots of value in there. Interesting what you say about IPX, hoping for that pullback & breakout. I don't use the 200d that often but I need to remember a lot of people do, so should take more notice of it. Putting it on just now it's a much clearer chart. Just had a look at CMCX & BKS, both look great, unfortunately they don't pass my checklist so I can't buy. Some great trades though! Well done on the 3%.

Hi Martin, thanks for the watch. I'm currently down for March as well, mainly due to the mini US sell off on Tuesday. Hopefully it will pick up, though bound to have the occasional down month. Good luck with your investments.

@@PhilPerryInvestor If you ever had time to check what Stockopedia “Momentum Rank” is, when you buy your shares using your rules when using trading patterns? Might be interesting to see if the “Momentum Score” is similar figures for each one (or not) using your system?

That's a good idea, may be another thing to check before buying. Just had a look at the portfolio. All but three are above 70 & half are in the 90's. The three below 70 are IPX (46), RMD (62) & AJB (66), which are struggling so the rank is clearly fairly accurate. Something to keep an eye on for sure.

Hi Wolf, thanks for the support. I'm definitely going through a strategy evolution at the moment which is exciting & feeling more confident for this year, haha we'll see. Glad to hear the mic is making a difference.

I wish I had gotten into it sooner, what a performance it's put in. Congratulations, well done for holding all that time. Would anything make you sell?

Not looked at DISH before, just had a quick look and it doesn't score well enough on its financials for me to look at further (I use a checklist to score stocks, done a video on it if you haven't seen it). Good luck if you hold though! Thanks for the comment.