JULY 18th DAILY ACTIVITY and OVERALL PERFORMANCE
Covered all MLNM at 32.25 -1.00
Covered all ERTS at 55.10 +4.00
Covered all WEBM at 19.20 +.75
Covered all MONE at 18.47 +1.43
Bought 3/4 position SEBL at 36.25
Bought 3/4 position SEBL at 36.75
Bought 1/2 position MERQ at 32.90
Sold 3/4 position SEBL at 34.90 -1.35 in AH
Sold 3/4 position SEBL at 34.90 -1.85 in AH
Sold 1/2 position MERQ at 32.00 -.90 in AH
Sold remaining 1600 shares CTLM at 16.50 -5.50
Small disappointing losing day.
ALOY, CORV, CTLM, SEBL, and MERQ were the significant losers for me today.
NLI has been like an ATM machine so far.
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 ($4,607) or (0.22%) for the day.
Profit of $55,989 or 2.73% for the week.
Profit of $271,620 or 14.80% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,107,146
Portfolio profit is +$607,146 or +40.48%
Approximately 1140K shorts and 356K longs, 76% vs 24% to the short side.
Portfolio is 71% invested of cash.
Total realized gains since April 28, 2001 are $591,563.
In 56 trading days since inception I am averaging a gain of 0.72% per trading day. (annualized thats 180%)
40 out of 56 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 |
