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Neighbour: My Best & Worst Trade 2014
With the 2014 trading year coming to an end, we at TradingFloor.com are taking a moment to reflect on the highs and lows from the past year.
Joe Neighbour from Central Markets has continued to produce profitable returns from the company easyJet, which was also his best trade of 2013. On August 27th, 2014 he placed a call to buy shares of the budget airline at 1335p, close to the stocks yearly low. Significantly lower oil prices and a escalating equity market caused a four month rally in the company’s stock. This trade eventually earned Joe a 20 percent return after prices hit his target level of 1600p.
However, Joe’s trading record wasn’t flawless in 2014. A trade left on too long, caused him to lose 2 percent. In October, Joe bought shares of Royal Mail Group at 443p. Initially the trade was generating an 8 percent return and Joe believed that shares would continue to rise. He admits to “foolishly” maintaining his position the day before the company issued a trading statement update which pushed shares 10 percent lower. Despite having accumulated a nice return, this trade quickly got away from Joe creating a 2 percent loss.
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01:16 minutes
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