JULY 19th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position NLI at 6.97
Shorted 1/2 position DTHK at 14.21
Shorted 1/2 position NUAN at 19.03
Shorted 3/4 position NUAN at 18.82
Covered all ROOM at 47.35 +2.60
Covered all NETA at 12.10 -1.55
Bought 1/4 position CORV at 3.50
Today was my second largest losing day on SI.
Allmost all my positions went against me today with just a few exceptions.
(Not every day can be Christmas!!! LOL)
NLI was the huge loser, accounting for 1/2 the daily losses.
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 ($48,272) or (2.29%) for the day.
Profit of $7,717 or 2.38% for the week.
Profit of $223,348 or 12.17% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,058,874
Portfolio profit is +$558,874 or +37.26%
Approximately 1233K shorts and 381K longs, 76% vs 24% to the short side.
Portfolio is 78% invested of cash.
Total realized gains since April 28, 2001 are $585,758.
In 57 trading days since inception I am averaging a gain of 0.65% per trading day. (annualized thats 162%)
40 out of 57 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 |
