The Naked Trader's Book of Trading Strategies by Robbie Burns

Author:Robbie Burns
Language: eng
Format: epub
Publisher: Harriman House
Published: 2023-06-14T08:56:04+00:00

But let’s take the chart from the last five years as an example. You can see quite simply it goes between 1000p and 1500p with the odd foray to 1600p when it gets excited.

I try and buy it near the bottom of the range and sometimes topslice a bit near the top.

In the meantime I pick up around £20,000 a year on my holding.

Let’s take another example: housebuilder Redrow.

While housebuilding shares vary with market sentiment, housebuilders do supply something everyone has to have (unless you like caravan living). Take the five-year chart and (ignoring the 2020 Covid year) Redrow shares roughly cycle from £5–£7:

Redrow – back and forth

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