Occupation: Private Investor

About Me:

Professionally, I'm a Psychologist. However I grew up watching and learning about how my father and grandfather invested to bring slow but steady returns. I've now reached a point in my life where I feel it is time for me to learn my way of investing. After dabbing in more Naked-Trader-esque trading, I realised that I probably don't have the skill to pull that style of trading off, and I should probably use a rules based system instead.

I am currently using a variant of the NAPS Stockrank system with a 'farming' mindset. My focus at the moment is trying to work out the kinks in the system to make it effective at knowing when to sell, and on getting the right balance of shares.

Jmuggleton's Latest Blogs

Given the theme for this month has been about doing less, this will be a shorter post First off, I just wanted to say thank you. I had a fantastic amount of feedback last month, mostly on the subject of stop losses and when to sell. This was all really useful, and thanks again to all who contributed to the discussion. The consensus was that…

Ouch…. It’s been a bad month. The portfolio has lost almost 6% of its value, and 6 of its 20 shares have hit sell rules. In the same period the FTSE has lost only a little over 1%. Further, while overall stockranks have gone down, they have only lost 2.2% this last month. So what’s been going on?SellsMajestic wine Ocean Wilsons Holdings Plus 500 Hansteen…

IntroductionI’m currently reading The Little Book of Behavioural Investing, and one of the key lessons is having a plan and sticking with it when emotions want to take over. So, with that in mind, here is a letter to my panic stricken self when the market goes bear. In writing this, I discovered a flaw in my rules. My current 52 week high rule might…

So, one month into my more momentum focused stockrank rules based approach, how has it gone, and what can be learned?PerformanceA month ago the portfolio was sitting at £68,700, today it is at £70,500, a gain of about 2.6% (or about . In that time, the FTSE 100 has gone up 0.3% (or 2.6% if you start a day later and finish a day earlier).…

I apologise in advance for what is a very long post.Why change?A while back I spoke about moving to a more quality momentum strategy. This is on the back of high flyers rank showing the best gains after super stocks. Equally, when looking at my pure stockrank approach, I was holding a lot of stocks because they were great quality or great value, but they…

Jmuggleton's Latest Comments

Hi GromleyI'm a little embarrassed to admit it, but you are absolutely right. I didn't go back and read my earlier post... which is rather frustrating given that I'd only recently written it! I do remember being aware of it when I was writing the post (and making the decisions I outlined), but I didn't think to actually re-read it and apply it. I think…

Hi all Thanks for commenting and sharing your own thoughts, and particularly your own experiences of using stop losses. It has made for really interesting reading, and given me a lot of food for thought. The general consensus seems to be that 5% even on conservative shares is likely too tight, although there are valid reasons why people might set one so tightly. I've also…

Hi James. Your post really resonated with me. I’ve found the psychological factors some of the hardest parts to investing. The need to give yourself permission to make mistakes and that there is plenty of time are particularly important things I know I need to remember. You may have already read it, but I’ve just finished The Littke Book Of Behavoural Investing and loved it.…

Hi James Thanks for your comments. The 5% stop is a guide for shares with a conservative risk rating only. I take 5% off the buy price, look for support around that level, then set my stop just below that. The idea being conservative shares are less volatile, so a fall from them is more concerning than a comparable fall from a speculative stock which…

Hi Gromley Thanks for your thoughts, and particularly the bit about JP Morgan. I'd anticipated that as the market changed, I'd need to shift my weightings between QV and M, but I didn't know how. I'll be book marking this as something to guide my thinking when I'm revisiting how I'm weighting my buy rules. Cheers!

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