JULY 2nd DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position HLEX at 9.16
Shorted 1/2 position VLTS at 6.15
Shorted 1/2 position SLAB at 23.31
Shorted 1/2 position ILMN at 11.55
Covered all VWPT at 7.43 +1.57
Covered 1/2 position IINT at 6.75 +1.25
Covered 1/4 position IINT at 6.80 +1.20
Covered full position FBCE at 6.00 +.90
Covered full position FBCE at 6.03 +.87
Covered 1.50 positions MONE at 20.55 +2.20 (shares from 22.75, still holding full position from 19.50 and 1/2 position from 20.50)
Sold all BVEW at 2.03 -.96
Sold 1/4 position CORV at 4.50 +.98 (still have 1/4 position left from 3.52)
Giant up day, 2nd best in over 2 years
An amazing day to say the least.
All the end of quarter pumps fell like dominoes. (thank God for inefficiency and greed)
BSML and HOMS were the only significant losers for me today.
Btw, notice the non-volatility of my account, slow and steady growth. (EXCEPT FRIDAY and TODAY!!!)
Remember this, portfolio preservation should the #1 goal of every investor.
Risk and money management can never be stressed enough.
Profit of $104,123 or 5.67% for the day.
Profit of $104,123 or 5.67% for the week.
Profit of $104,123 or 5.67% for the month of July.
Overall Performance since April 28, 2001:
Potfolio value is $1,939,649
Portfolio profit is +$439,649 or +29.31%
Approximately 1,276K shorts and 88K longs, 94% vs 6% to the short side.
Portfolio is 70% invested of cash.
Total realized gains since April 28, 2001 are $477,891.
In 45 trading days since inception I am averaging a gain of 0.65% per trading day. (annualized thats 163%)
32 out of 45 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 |
