Team17 Share Discussion Threads

[bamboo2] 23/9/2020 19:05

Ken, Yes, for once it was a textbook example!

[w13ken] 23/9/2020 17:32

No probs Bamboo. I also topped up a little when it dropped under 700. I presume the charting was positive for you to dip in again, right?

[bamboo2] 23/9/2020 17:25

Hi Ken, thank you for the update.

Good recovery in the share price from the turn yesterday. Each share would cost me nearly 50p more this afternoon.

[w13ken] 23/9/2020 17:14

Team17's first half results were good, partly due to Covid, but in fact few games were released and over 80% of sales were from pre-2020 releases. The second half of this year is more interesting as there are 8 new games coming out. Going Under is released on Thursday this week and then Crown Trick (in partnership with Chinese Tencent Games’ NExT Studios) on Oct 16th. They also publish their own in-house developed sandbox survival game, The Survivalists, on Oct 9th. This is their first self-developed game for a couple of years so high hopes for this one as it builds on the already popular Escapists format.

[hazl] 22/9/2020 12:40

the gaming sector...alive and well

[hazl] 22/9/2020 09:03

Bringing out a late trade...I see there .

[bamboo2] 22/9/2020 07:10

Bought a few at 671.8

[hazl] 21/9/2020 06:14

Nice to see Aegon Asset Management UK PLC get in them. Announced after hours on 17th, don't know if that has already been mentioned?

[hazl] 21/9/2020 06:09

Thanks Boozey.

[boozey] 20/9/2020 19:56

Hazl, I compare the PE ratios for a very crude analysis of these gaming companies. TM17 is 48 versus FDEV 64. Codemasters is 45 and Sumo 39. It shows TM17 still has upside and Sumo is worth a punt with 30p upside just to match Codemasters.

[hazl] 20/9/2020 19:14

I thought your 592 POST 2toptrader was worth revisiting.
A useful point made there.

[2toptrader] 20/9/2020 17:55

Thanks again, Tongo. I'll put them on my shopping list. Just realized that I don't have a single book on psychology.

[tongosti] 20/9/2020 16:53

Top -very happy hearing you have the methodology in place (even happier to hear you analysing your historical trades) - you're nearly there pal!

Like you say the difference now is managing the emotional side. As the wise man said - the battle is not in the markets but rather in our heads.

In case you may find it useful, the following is the best DYI trading psychology book I am aware of - the author is undeniably one of the best in the business:

hxxps://www.amazon.co.uk/Daily-Trading-Coach-Becoming-Psychologist/dp/0470398566

The following is also a must read, in my view:

hxxps://www.amazon.co.uk/Trading-Zone-Mark-Douglas/dp/0735201447

I think - the above are the only two books you may ever need on the subject of trading psychology and how to manage the emotional side.

Cheers and good luck.

[2toptrader] 20/9/2020 16:40

Tongo- thanks, mate.

Methodology - sorted. My office is full of papers blu-tacked to the wall. Drives my wife crazy. And they have all the mistakes I'm making in the brightest highlighters. I'm always analyzing a bad trade. My biggest weakness is the emotional side- impulse buying but mainly the lack of patience. Even in trading, one has to have some patience.

[tongosti] 20/9/2020 16:12

Hydrus - kind words, thank you.

Top - best of luck mate and if you decide to pursue it as a a pure business am sure you can make it. In my humble opinion, all I would say would be the following:

1. Until you have a clear A to Z methodology (i.e. from exact buy to exact sell rules) keep your bets very small (ex. not more than 0.5% of your trading capital). Paper trading is all well and good in theory but one cannot backtest their own emotions hence you need to have some money on the line until you learn the ropes. Keeping your bet sizes small will help your learning curve at a very manageable cost

2. Doing the above will help you create a history of own trades which in turn will help you create a trading journal (an absolute must which 99% tend to skip)

3. As the historical number of your trades grows - it will help shed light on the extremely relevant a) win rate and b) your average risk/reward profiles of your system

4. Ultimately, a) and b) above will then help you determine the expected return (over a long enough sample size) of your trading system which will also help guide how much you may want to risk %wise on each bet.

Plenty of sources on the internet (and a few good books on Amazon!) to start scratching the surface on each of the above.

Good luck.

P.S The above steps are timeless principles which apply to both trading/investing approaches. It's just that investing requires a much, much bigger starting capital as one will need to wait for a long time before they see in practice (not theory) how their system works (i.e. knowing what to expect going forward - during which time a few bills may need to be paid here and there).

[2toptrader] 20/9/2020 16:06

Cheers, Hydrus.
See how it goes.

[hazl] 20/9/2020 16:00

Ha ha it's turned into a discussion on trading now.

[hydrus] 20/9/2020 15:09

Tongosti/2Toptrader - Good discussion and good luck with the career move toptrader I hope it works out for you. I do it two days per week now albeit with a completely different style to you guys.

[hazl] 20/9/2020 14:07

Just a reminder The Times.
'Team 17 has a strong pipeline of new games and the industry is likely to be boosted by the launch of the next generation of Xbox and Playstation later in the year. Goodbody, the stockbroker, predicts that annual revenues will rise to at least £80 million from £62 million last year. Its shares trade on a multiple of more than 30 times next year’s predicted earnings. Team 17 is not cheap, but it operates in a sector with solid growth prospects and boasts an experienced management team with skin in the game.

Advice Buy
Why Team 17 is highly rated for a reason — it’s a well run company in a growth sector"

[tongosti] 20/9/2020 11:06

Good hearing from you Top and thank you for sharing that link! You are right when you say that one needs to find a method which is in sync with one's personality. Jack Schwager's Market Wizards series makes this a key point for anyone who wants to succeed in this game.

I am thoroughly convinced that both short and long term approaches can work equally well (and they are both equally difficult - only the uninitiated would maintain otherwise). It is just about determining which approach is best suited to one's circumstances and skillset.

Mine's is math and probability hence my inclination on applying a small trading edge as frequently as possible in the markets. I play for pennies (very rarely I catch a big fish nor do I need to) but play the game hundreds of time per year and with a bit of luck one could see those pennies compounding into £s pretty quickly.

The link you shared - it's spot on as the parallels between playing cards (more specifically poker) and making money in the markets are striking. Human psychology / risk management / assessment of odds / scaling in and out - I can go on for days... No wonder some of the best money making track records in history (with Renaissance Technologies being the gold medallist) come from those who clearly understand the subtleties of it all.

On the same broader topic - you may also want to check out a book which I have found very enjoyable and immensely insightful:
hxxps://www.amazon.co.uk/Thinking-Bets-Making-Smarter-Decisions/dp/0735216355

Thanks and enjoy your Sunday pal.

[2toptrader] 20/9/2020 08:20

Hey Tongo, I like your trading style, keep it up pal ! It's something I aspire to do as well... 2(be)toptrader :-)
I think it's about finding who you are and what your're good at. And above all, what makes you happy. It also depends on your circumstances. I used to be an investor myself,countless hours of research and patience... I used to be someone else but I didn't enjoy it in the end and then, all of a sudden I had my own "epiphany moment" ! well, quite a few of them.
Senor APAD knows me pretty well, I'm sure, we used to have a chat now and again on the good old VLG thread. But you were spot on , APAD. And I'm loving it:

[tongosti] 19/9/2020 08:58

Great comment Apad. Indeed, "... doubt is an uncomfortable condition but certainty is a ridiculous one" - Voltaire. Like anything else in life, making money in this game is a daily exercise in being humble / keen to learn / eagerly embrace uncertainty (the opposite is for fools) Enjoy the weekend pal.