JULY 23rd DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted full position EXPE at 49.90
Shorted 1/2 position SAGI at 14.75
Covered 1/3 position DLIA at 6.10 +.80 (from 6.90, still holding core 1/3 position from 5.17)
Bought full position ALTR at 28.46
Bought double position BZH at 74.01
Bought double position ONIS at 22.10
Sold full position ONIS at 23.00 +.90
Sold 1/3 position ONIS at 24.00 +1.90 in AH
Sold 2/3 position ONIS at 23.75 +1.65 in AH
Very nice profitable day as I closed just below the all time high.
WEBX, STEM and PHTN were the only significant losers today.
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 $39,630 or 1.91% for the day.
Profit of $39,630 or 1.91% for the week.
Profit of $274,816 or 13.50% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,110,342
Portfolio profit is +$610,342 or +40.69%
Approximately 1287K shorts and 681K longs, 65% vs 35% to the short side.
Portfolio is 93% invested of cash.
Total realized gains since April 28, 2001 are $624,734.
In 59 trading days since inception I am averaging a gain of 0.69% per trading day. (annualized thats 172%)
42 out of 59 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 |
