JULY 16th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/4 position STEM at 6.00
Shorted 3/4 position TVLY at 35.66
Covered all TVLY at 34.30 +1.36
Covered all WFHC at 10.65 +1.15
Covered all DTHK at 8.95 +1.05
Covered 1/4 position ILMN at 11.50 +1.35 (from 12.85 still holding 1/2 position from 11.55)
Sold all CKCM at 7.55 -.70
Very nice profitable day and another gap to all-time highs.
ALOY, BSML, CWON, ROOM, MONE, CORV and STEM were the significant losers for me today.
NLI has been like an ATM machine so far.
Btw, notice the non-volatility of my account, slow and steady growth.
Remember this, portfolio preservation should the #1 goal of every investor.
Risk and money management can never be stressed enough.
Profit of $29,687 or 1.45% for the day.
Profit of $29,687 or 1.45% for the week.
Profit of $245,318 or 13.36% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,080,844
Portfolio profit is +$580,844 or +38.72%
Approximately 1275K shorts and 367K longs, 78% vs 22% to the short side.
Portfolio is 79% invested of cash.
Total realized gains since April 28, 2001 are $589,988.
In 54 trading days since inception I am averaging a gain of 0.72% per trading day. (annualized thats 179%)
39 out of 54 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 |
