JULY 11th DAILY ACTIVITY and OVERALL PERFORMANCE
Covered all ROOM at 46.56 +2.84
Shorted 3/4 position NETA at 10.55
Re-shorted full position ROOM at 49.95
Bought 1/2 position RBAK at 6.45
Bought 3/4 position MCAF at 12.25
Sold 1/2 position DCLK at 10.25 -2.03
Sold 1/2 position DCLK at 10.25 -1.65
My 6 day profitable streak ended today with a small loss.
DCLK, BSML and WEBX were the 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.
Loss of ($8,889) or (0.44%) for the day.
Profit of $11,327 or 0.57% for the week.
Profit of $180,440 or 9.83% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,015,966
Portfolio profit is +$515,966 or +34.40%
Approximately 916K shorts and 679K longs, 57% vs 43% to the short side.
Portfolio is 79% invested of cash.
Total realized gains since April 28, 2001 are $537,362.
In 51 trading days since inception I am averaging a gain of 0.67% per trading day. (annualized thats 169%)
37 out of 51 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 |
