JULY 10th DAILY ACTIVITY and OVERALL PERFORMANCE
Covered all MMPT at 5.11 +1.66
Covered 1/3 position DLIA at 6.10 +.88 (from 6.98, still have 1/3 position from 5.17 left)
Shorted 3/4 position ROOM at 49.40
Shorted 1/4 position STEM at 5.95
Bought 1/2 position DCLK at 12.28
Bought 1/2 position DCLK at 11.90 in AH
Nice 6th straight profitable day and another gap to new all time highs.
ALOY, BSML, ERICY and CORV were the only significant losers for me today.
Finally have a pretty decent balanced portfolio again.
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 $9,321 or 0.46% for the day.
Profit of $20,216 or 1.01% for the week.
Profit of $189,329 or 10.31% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,024,855
Portfolio profit is +$524,855 or +34.99%
Approximately 810K shorts and 546K longs, 60% vs 40% to the short side.
Portfolio is 61% invested of cash.
Total realized gains since April 28, 2001 are $548,253.
In 50 trading days since inception I am averaging a gain of 0.70% per trading day. (annualized thats 175%)
37 out of 50 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 |
