Wednesday 3 May 2017

Carnage - but Jubilee safe in the ISA

What the hell's going on?

Today was utter carnage, with the whole portfolio bar two shares red and ironically those two are RDT:Rosslyn Data and TRK:Torotrak which are both delinquent basket cases!

The combined portfolios lost £1,100 today, and yesterday was almost as bad so we're £1,782 down this week and £139 in the red overall. The buffer has been annihilated.

Never mind, at least my JLP:Jubilee Platinum shares got bedded into my ISA today.

I cocked up a little, as I also bedded the shares that count towards my trading account. It all got a bit messy trying to disentangle them, and I don't really want to have any trading shares in the ISA, so I wrote them off my trading account as a loss and will keep them in my ISA. Unfortunately it means the £500 won't now get liberated to go towards the Visa bill, but I think I'd rather keep the shares anyway.

So the impact of all this is that I made a whopping £34.87 (0.6%) from the sale in my share account seeing as the price has plummeted. I'd hoped bedding these would get me back over my 10% target but it hasn't happened.

I sold a total of 90,207 at 4.5125p and bought back 89,545 at 4.5325p. so I lost 662 shares worth £29.87 which is ok for the protection from tax.

The effect on the trading account was horrid. That resulted in a £84.42 loss and means my performance on that account is now -£22.85. I find myself laughing hysterically at what an utter disaster my attempt at short-term trading has been. So glad I'm doing it with a tiny percentage of the portfolio.

Today has made me very miserable. OPTI:Optibiotix dropped another 2p and is losing £1,571. KIBO:Kibo Mining dropped 0.25p and is losing £1,169.53 which means OPTI:Optibiotix re-gains the title of Nemesis Share. It also means I may just buy some more tomorrow as 67.5p is an absolute steal given the new cardio products are being launched next week. Tomorrow morning could be very interesting....

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