JUNE 20th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/4 position CWON at 6.44
Shorted 3/4 position MVSN at 59.65
Shorted 1/2 position WEBX at 21.90
Shorted 1/2 position MONE at 19.00
Bought double position VRTY at 19.90
Sold full position VRTY at 21.50 +1.60
Sold full position VRTY at 20.50 +.60
Sold all FCEL at 24.95 -.03 (stopped out)
Sold 1/2 position GADZ at 14.00 -1.45 (still holding 1.50 positions)
Sold all MRVC at 6.84 -3.24
Second non-profitable day in a row, but pretty tiny once again.
DLIA, WEBX, CORV and MRVC were the only 4 stocks that went against me today.
I finally through in the towel on MRVC, just too much stress in a terrible sector.
Couldnt justify holding both MRVC and CORV long in the same portfolio.
Btw, notice the non-volatility of my account, slow steady growth.
Remember this, portfolio preservation should the #1 goal of every investor.
Risk and money management can never be stressed enough.
Loss of ($4,042) or (0.21%) for the day.
Profit of $190,982 or 11.12% for the month of June.
Overall Performance since April 28, 2001:
Potfolio value is $1,908,931
Portfolio is plus $408,931 or +27.26%
Approximately 248K longs and 674K shorts, 27% vs 73% to the short
Portfolio is 48% invested
Total realized gains since April 28, 2001 are $428,948
In 37 trading days since inception I am averaging a gain of 0.74% per trading day. (annualized thats 185%)
28 out of 37 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 loses to 8-10% maximum and most of the time much smaller, based on a full position.
Many Happy Returns
traderpulse.com;
Michail |
