LM portfolio as at 12/02/2021:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 LM026-2 |
ETF | 14/10/2020 09/12/2020 |
£2160 | £2380 | 9.80% |
| LM027 | ETC | 09/11/2020 | £1060 | £950 | (10.19%) |
| LM028 | 'No specific industry' | 16/11/2020 | £1010 | £1110 | 9.94% |
| LM029 | ETC | 23/11/2020 | £1030 | £1120 | 8.82% |
| LM030 LM030-2 |
ETC | 23/11/2020 13/01/2021 |
£2030 | £2380 | 17.35% |
| LM031 | Mining | 30/11/2020 | £1020 | £1220 | 19.51% |
| LM032 LM032-2 |
Industrial Transportation | 07/12/2020 20/01/2021 |
£2070 | £2560 | 23.84% |
| LM033 | Health Care Equipment & Services | 04/01/2021 | £1050 | £1020 | (3.20%) |
| LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £960 | (5.87%) |
| LM035 | Food Producers | 19/01/2021 | £1040 | £900 | (13.37%) |
| LM036 | Food & Drug Retailers | 01/02/2021 | £1030 | £1000 | (2.62%) |
Stock-take time. Let's have a look what's in the fund:
LM026 - this is, perhaps a little optimistically, an ETF which I hope to hold for the very long term. There won't be huge jumps in value but my plan is to add units as certain levels are hit in the underlying asset. As such, it won't be subject to the pencilled-in rule I currently have of a maximum of two units per trade.
LM027 - this commodity is the second oldest position in the LM portfolio and it is treading water. Two weeks ago it came perilously close to being sold but has rallied a little since. Let's hope it is simply resting and preparing itself for an oncoming surge upwards.
LM028 - coming up into double digit percent profits so I am happy for now.
LM029 + LM031 - these two trades are in some way correlated and so, although they are both doing very well, I am holding off adding to them. In the back of my mind I imagine that LM029 has two units purchased so I have pyramided this trade in effect. But in reality I haven't as it is two seperate trades.
Confusing? Perhaps a little but it makes sense to me and should achieve the aim of lowering risk.
LM030 - confident and happy with this trade. It's at the two unit max and steadily increasing in value. When trades perform like this I can get quite encouraged that my buying rules might - might - work over time.
LM031 - like LM030, this one is rising steadily but as I already have a position in a similar instrument (see LM029) then I won't be adding any more just yet. One to watch, it isn't completely out of the question that I pull the trigger on a pyramid trade but that would depend on available funds and whether there is a more deserving candidate.
LM032 - very happy with this one. I've got over 10% of my total portfolio funds in it and a paper profit of 23%. If only all trades could behave like this!
LM033 - I've been in this one for just over a month and it hasn't done much. It is still some way from the mental stop-loss I have for it so I will give it time and with any luck it will justify its existence in the fund.
(Note: a "mental stop-loss" is one that isn't specifically placed at the broker but exists as a price where the position will be closed manually without hesitation)
LM034 - Although it is "only" down 6%, this particular share is on thin ice, especially as I added LM036 shortly after buying this one and LM036 is in the same sector. There isn't much margin remaining for LM034. I've got a mental stop on it which is close to the current price. If that is hit then it's gone, no sentimentality here.
LM035 - it has only been about three weeks but this one has fallen slightly since I purchased it. My stop is at around a 20% loss level and I am hoping that this decrease is like pulling back on an elastic band - it goes down for a breather and to build up some energy before resuming its upward rise. If this doesn't come to pass then it'll be gone once it shows a 20% loss or drops under its 200 day SMA.
LM036 - a pure speculation play due to a special dividend coming before the end of February. This could be profitable or prove to be a loss-making gamble. However, it's only small stakes and I'm not worried that it could be a devastating loss, more a mild irritation.
Not much tickling the fancy on new 52 week highs this week. I noticed one particular share that had appreciated nicely over the past few weeks but then levelled off. When I looked into it it appears to be subject to takeover speculation so I'll leave that well alone.