JULY 26th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted full position ERTS at 57.65
Shorted 3/4 position AFCI at 22.50
Shorted full position AMGN at 58.00
Sold all ALTR at 28.87 +.41
Sold all JDSU at 9.28 +.24
Sold all ONIS at 20.50 +1.10
Another profitable day. I closed at another all time high.
WEBX, PHTN, HLIT, GSPT, and NLI were the only significant losers today.
All my hedge longs really worked out well today!!!
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 $11,943 or 0.56% for the day.
Profit of $81,002 or 3.91% for the week.
Profit of $316,188 or 17.23% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,151,714
Portfolio profit is +$651,714 or +43.45%
Approximately 1674K shorts and 778K longs, 68% vs 32% to the long side.
Portfolio is 114% invested of cash. (hate using margin)
Total realized gains since April 28, 2001 are $682,587.
In 62 trading days since inception I am averaging a gain of 0.70% per trading day. (annualized thats 175%)
45 out of 62 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 |
