How my tips have fared

It has been a poor fortnight for my four long tips. Three fell and only one appreciated. Media group ITV slid from 116p to 108p, homebuilder DR Horton decreased from $94.96 to $87.17 and construction firm Morgan Sindall slipped from 2,615p to 2,507p. The only bright spot was spread-betting firm Plus500, which increased from 1,400p to 1,416p.

Broker TP ICAP, US homebuilder PulteGroup and Royal Mail remain below the level at which I recommended that you should go long. Overall, my long tips are making a total profit of £3,253, down from £4,146 two weeks ago.

My six short tips have done better, with four going down, one rising and one unchanged. Electric-car company Plug Power fell from $26.40 to $25.72, digital currency bitcoin dropped from $51,253 to $43,075 and remote medicine firm Teladoc dipped from $144.56 to $136.

Cinema chain AMC also declined from $44.02 to $40.29. However, cloudcomputing specialist Snowflake remain unchanged at $310 while electric carmaker Tesla increased from $706 to $730. Overall, my short tips are making a net profit of £109, compared with a loss of £360 a fortnight ago.

I now have four active long tips (ITV, DR

Horton, Morgan Sindall and Plus 500) and six shorts (Plug Power, bitcoin, Teladoc, AMC, Snowflake and Tesla). I also have three pending long tips yet to reach the level at which you should activate them (Royal Mail, TP ICAP and Ensign Group).

I don’t advocate closing any of these positions, but I think you should cut the level at which you cover Snowflake and Plug Power to $325 and $40 respectively (down from $350 and $55) and raise the stop-loss on DR Horton to $70 (from $63).