Robbie Burns
Robbie Burns's columns :
13/07/2005Trend Timing - Let the Trend be your Friend
08/07/2005Terrorism and the Stock Markets
28/06/2005London Stock Exchange SETS mm
13/06/2005Holiday from the Markets
06/06/2005Dividends
23/05/2005Penny Shares
09/05/2005A Cautionary Tale about Stock Gossip
25/04/2005Making Money from the Markets
11/04/2005Buy Winning Companies not Losing Ones
29/03/2005ISA Shares
13/03/2005Trading Patience
28/02/2005The Bear Necessities >>
16/02/2005Stock Market Psychology Seminars
01/02/2005Share Imagination
19/01/20057 Deadly Stock Sins
10/01/2005Happy New Year
21/12/2004Stock Picks 2005
13/12/2004Suspended Shares
29/11/2004Share Teasers
12/11/2004spread-betting-secrets
03/11/2004Nervous Nineties Stocks
28/10/2004The Naked Trader Thread
25/10/2004UK Retail Stocks
15/10/2004New Stock Research Tools
08/10/2004Look at the Whole Picture

« EARLIEST ‹ PrevNext › LATEST »
Robbie Burns – The Naked Trader

Robbie has been trading full-time since 2001. His book "The Naked Trader" (which also has useful information on how to use advfn) has become one of the biggest-selling finance books, reaching the top 150 books on Amazon - order it here. Trades made for Robbie's website have amassed profits of more than £300,000. You can read about his buys and sells daily at www.nakedtrader.co.uk.


The Bear Necessities

28/02/2005

Keeping a clear head is very important when it comes to share dealing - and you can't do that if you're surrounded by clutter.

Trading decisions can seriously be affected when surrounded by a confetti of fag butts, discarded crisp packets, piles of screwed up paper, and out-of-date newspapers and magazines. Not to mention the beer cans!

Come now - you know exactly what I'm on about, you slob!

On the onset this might not seem like a very serious point, but I believe it is. Clutter will subconsciously put you under more pressure when making vital trading decisions.

Try it - keep a clear desk and a tidy office and your head will feel lighter and your trading decisions consequently better.

And don't overwhelm yourself with dozens of trading and TV screens in all corners of the room like some voyeuristic surveillance system in Sliver. Keep it simple. You don't need to start buying chart systems and complicated software to start trading.

All you need, if you're new to the game, is access to a site like ADVFN, where you can access news stories, fundamentals, charts and real-time prices. Once you've gained more experience, you can splash out on level 2.

But don't go buying multi-thousand pound systems if you're starting out either.

All this will do is clutter up your mind. Instead, keep that mind free to concentrate on just one thing: Is that share a good buy or not?

Your expensive systems, after all, are just computers. Stick to the simple stuff. Think Baloo Bear from The Jungle Book - it's all about the bear necessities!

One day, when you've made your million, then by all means fill your office with these impressive flashing machines - but, for now, just one screen and ADVFN will do.

If you were clutter-free last week, you may have held your nerve better than those surrounded by it during those bad down days. Loads of investors were panicked out of their good shares.

I held onto all of mine, and am very glad that I did too!

Shares going well for me right now are: Burren Energy (now up 120%), Croda (great statement) and Emerald Energy (powerful-looking oil play).

Two value shares I bought last week are also going well: Wyndeham Press and Broadcastle.

Results from Isotron proved cracking, going up 30p - but I'm holding on, for bigger rises I think are yet to come.

Right! I'm off now to clean my desk. Now where's that Mr MuscleÂ…


You can read Robbie’s daily market comments together with his latest buys and sells at his website www.nakedtrader.co.uk

ADVFN Advertorial
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210514 23:36:36