JULY 9th DAILY ACTIVITY and OVERALL PERFORMANCE
Covered all HOMS at 31.00 +2.94
Covered 1/4 position MMPT at 5.20 +1.57 (still have 1/4 position from 6.77 left)
Shorted 1/2 position WEBM at 19.95
Nice 5th straight profitable day and another gap to new all time highs.
CWON, HLEX, and ILMN were the only significant losers for me today.
Slowly covering some shorts and buying some longs to balance out the portfolio to a more reasonable level.
Almost there now (slightly under 2 to 1 to the short side)
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 $10,895 or 0.54% for the day.
Profit of $10,895 or 0.54% for the week.
Profit of $180,008 or 9.81% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,015,534
Portfolio profit is +$515,534 or +34.37%
Approximately 775K shorts and 454K longs, 63% vs 37% to the short side.
Portfolio is 61% invested of cash.
Total realized gains since April 28, 2001 are $537,931.
In 49 trading days since inception I am averaging a gain of 0.70% per trading day. (annualized thats 175%)
36 out of 49 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 |
