JULY 5th DAILY ACTIVITY and OVERALL PERFORMANCE
Covered all DTHK at 7.07 +.78
Covered all VLTS at 5.35 +.80
Covered full position DLIA at 7.00 +.41 (from 7.41 trading shares, still have 1/3 position from 5.17 and 1/3 position from 6.98)
Covered 1/2 position MONE at 19.15 +1.35 (from 20.50 trading shares, still have full position from 19.50)
Shorted 1/2 position MMPT at 6.77
Shorted 1/4 position EMEX at 9.75
Bought 1/4 position CORV at 4.00
Bought double position WCOM at 14.55
Nice profitable day and another gap to new all time highs.
ALOY, BSML,, ILMN and CKCM were the only significant losers for me today.(all relatively reasonable)
Slowly covering some shorts and buying some longs to balance out the portfolio to a more reasonable level.
Btw, notice the non-volatility of my account, slow and steady growth. (EXCEPT LAST FRIDAY and MONDAY!!!)
Remember this, portfolio preservation should the #1 goal of every investor.
Risk and money management can never be stressed enough.
Profit of $14,615 or 0.75% for the day.
Profit of $140,652 or 7.66% for the week.
Profit of $140,652 or 7.66% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $1,976,178
Portfolio profit is +$476,178 or +31.75%
Approximately 981K shorts and 299K longs, 77% vs 23% to the short side.
Portfolio is 65% invested of cash.
Total realized gains since April 28, 2001 are $508,511.
In 47 trading days since inception I am averaging a gain of 0.68% per trading day. (annualized thats 169%)
34 out of 47 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 |
