JULY 20th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position PHTN at 33.00
Shorted 3/4 position MSCC at 69.00
Shorted 1/2 position PDII at 65.10
Covered all PDII at 67.00 -1.90
Covered 1/2 position NUAN at 15.20 +3.83
Covered 3/4 position NUAN at 15.20 +3.62
Friday was a profitable day, but nothing spectacular.
NLI was a significant loser again. (but seemed to break eod)
Small losers were ALOY, BSML, LWIN, EMEX, and WCOM
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 $11,838 or 0.57% for the day.
Profit of $19,555 or 0.95% for the week.
Profit of $235,186 or 12.81% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,070,712
Portfolio profit is +$570,712 or +38.05%
Approximately 1188K shorts and 376K longs, 76% vs 24% to the short side.
Portfolio is 76% invested of cash.
Total realized gains since April 28, 2001 are $608,962.
In 58 trading days since inception I am averaging a gain of 0.66% per trading day. (annualized thats 164%)
41 out of 58 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 |
