JULY 17th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/4 position TIVO at 8.20
Shorted 1/2 position MLNM at 31.25
Shorted 1/4 position EFTD at 8.25
Bought full position CTLM at 24.20
Bought 2K shares CTLM at 22.00 in AH
Sold 1/2 position CTLM at 25.70 +1.50
Sold 1/2 position CTLM at 26.00 +1.80
Sold 400 shares CTLM at 23.95 +1.95 in AH (still holding 1600 from 22.00)
Another very nice profitable day and another gap to all-time highs, despite being almost 4 to 1 short and market flying all day.
ALOY, WEBM, ILMN, and MONE 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 $30,909 or 1.49% for the day.
Profit of $60,596 or 2.95% for the week.
Profit of $276,227 or 15.05% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,111,753
Portfolio profit is +$611,753 or +40.78%
Approximately 1363K shorts and 413K longs, 77% vs 23% to the short side.
Portfolio is 84% invested of cash.
Total realized gains since April 28, 2001 are $597,623.
In 55 trading days since inception I am averaging a gain of 0.74% per trading day. (annualized thats 185%)
40 out of 55 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 |
