Hi Phil, another good video I enjoyed that. I like your entry/stop levels now, seem to be tighter with really good entry points. 100% agree on not letting anything in the portfolio drop more than 10%. As you say you feel in control and much calmer, I find my mental state is much more positive so just have to trust the system and almost go into auto pilot, not overthinking anything, just fully commiting. Ignoring the media helps also. Very interested in your comments on Rev/Earnings showing signs of declining lately, I dont follow individual US stocks so thats useful to know, Im just picking up in the economic numbers things maybe starting to slow in the US a touch. Will be interesting to see how this plays out over the rest of the year and effects interest rate decisions there. I've been building a position in US 10yr treasury ETF as long as inflation doesnt spike up again it should do reasonable and offer some protection if things turn worse next year. UK shares doing really well last 2 months, was up 13.4% (sorry- dont want to be that guy in the comments) got v lucky with Keyword takeover offer as Id only held for a couple weeks so that was 3.5% but most things doing well. Lots of stage 2 setups and some decent breakouts. Looking forward to your next video.
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.
Hi Phil, another good video I enjoyed that. I like your entry/stop levels now, seem to be tighter with really good entry points. 100% agree on not letting anything in the portfolio drop more than 10%. As you say you feel in control and much calmer, I find my mental state is much more positive so just have to trust the system and almost go into auto pilot, not overthinking anything, just fully commiting. Ignoring the media helps also.
Very interested in your comments on Rev/Earnings showing signs of declining lately, I dont follow individual US stocks so thats useful to know, Im just picking up in the economic numbers things maybe starting to slow in the US a touch. Will be interesting to see how this plays out over the rest of the year and effects interest rate decisions there. I've been building a position in US 10yr treasury ETF as long as inflation doesnt spike up again it should do reasonable and offer some protection if things turn worse next year.
UK shares doing really well last 2 months, was up 13.4% (sorry- dont want to be that guy in the comments) got v lucky with Keyword takeover offer as Id only held for a couple weeks so that was 3.5% but most things doing well. Lots of stage 2 setups and some decent breakouts. Looking forward to your next video.
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.
Great month Phil
Thanks Cam, I hope you had a good month as well