JUNE 25th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position NETE at 29.50
Covered all MVSN at 59.10 +.55
Covered 1/2 position WEBX at 26.30 +3.45 (these were shares from 29.75, I am still holding shares from 19.85 and 21.90)
Another small boring profitable day.
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.
I am not really looking to start new positions heading into FOMC meeting, unless something special or very short term.
I just dont have a good feel for what will happen post FOMC, but do think we will see 25 bps cut and a selloff.
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 $2,512 or 0.13% for the day.
Profit of $2,512 or 0.13% for the week.
Profit of $186,021 or 10.83% for the month of June.
Overall Performance since April 28, 2001:
Potfolio value is $1,903,970
Portfolio is plus $403,970 or +26.93%
Approximately 163K longs and 673K shorts, 20% vs 80% to the short.
Portfolio is 44% invested
Total realized gains since April 28, 2001 are $436,615
In 40 trading days since inception I am averaging a gain of 0.67% per trading day. (annualized thats 168%)
30 out of 40 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 |
