JULY 6th DAILY ACTIVITY and OVERALL PERFORMANCE
Covered all SLAB at 20.10 +3.21
Covered all MONE at 17.78 +1.72
Covered 1/2 position WEBX at 20.34 +1.56 (from 21.90 trading shares, still have 1/2 position from 19.85 left)
Shorted 1/4 position ILMN at 12.85
Bought 1/2 position PCLN at 7.35
Bought full position ERICY at 4.52
Very nice profitable day and another gap to new all time highs.
WCOM, HLEX, and CORV were the only losers for me today.(all 3 very small)
Slowly covering some shorts and buying some longs to balance out the portfolio to a more reasonable level.
Almost there now (slightly under 2 to 1 to the short side)
Btw, notice the non-volatility of my account, slow and steady growth. (EXCEPT LAST FRIDAY and MONDAY!!!)
Remember this, portfolio preservation should the #1 goal of every investor.
Risk and money management can never be stressed enough.
Profit of $28,461 or 1.44% for the day.
Profit of $169,113 or 9.21% for the week.
Profit of $169,113 or 9.21% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,004,639
Portfolio profit is +$504,639 or +33.64%
Approximately 792K shorts and 445K longs, 64% vs 36% to the short side.
Portfolio is 62% invested of cash.
Total realized gains since April 28, 2001 are $527,859.
In 48 trading days since inception I am averaging a gain of 0.70% per trading day. (annualized thats 175%)
35 out of 48 profitable trading days.
Link for Current Holdings:
siliconinvestor.com
The link above mirrors my personal portfolio exactly.
On April 28, 2001 the portfolio was valued at 1.5 million
A full position represents 6% of portfolio or $100,000
At the end of each month, I dollar cost average 1/2 my profits into value mutual funds.
The portfolio is managed like a hedge fund. (a mix of value longs and overextended, overvalued shorts)
I try to limit my losses to 8-10% maximum and most of the time much smaller, based on a full position.
Long-term pos shorts I am significantly more lenient towards losses. (proper allocation is a must on these)
Many Happy Returns
traderpulse.com;
Michail |
