JUNE 22th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position WEBX at 29.75
Covered all CVSN at 5.42 +1.35
Covered all SONE at 13.90 +.10
Covered all MONE at 16.34 +2.66
Bought 1/2 position CKCM at 8.25
Sold all GADZ at 14.15 -1.30
Small profitable day after 3 straight small losing days in a row.
BSML the only stock that went against me significantly today, too bad most of my shorts stayed close to unchanged despite a poor day in the market.
Looks like WEBX finally broke end of day.
My patience paid off nicely, as I was able to add WEBX only 14 cents off the highs.
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.
Profit of $5,271 or 0.28% for the day.
Loss of ($16,719) or (0.87%) for the week.
Profit of $183,509 or 10.68% for the month of June.
Overall Performance since April 28, 2001:
Potfolio value is $1,901,458
Portfolio is plus $401,458 or +26.76%
Approximately 160K longs and 740K shorts, 18% vs 82% to the short.
Portfolio is 47% invested
Total realized gains since April 28, 2001 are $430,062
In 39 trading days since inception I am averaging a gain of 0.69% per trading day. (annualized thats 172%)
29 out of 39 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 |
