JULY 24th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position LWIN at 31.65
Covered all DTHK at 12.60 +1.61
Covered all MSCC at 65.50 +3.50
Covered all TIVO at 7.10 +1.10
Covered all SAGI at 13.20 +1.55
Covered all WEBX at 17.00 +2.85
Bought full position JDSU at 9.04
Bought double position INTU at 31.89
Bought double position ERICY at 4.49
Another nice profitable day. I closed at all time high.
EXPE, PCLN, CORV, ALTR, BZH and WCOM 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 $15,035 or 0.71% for the day.
Profit of $54,665 or 2.64% for the week.
Profit of $289,851 or 15.79% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,125,377
Portfolio profit is +$625,377 or +41.69%
Approximately 1072K shorts and 1155K longs, 52% vs 48% to the long side.
Portfolio is 105% invested of cash. (hate using margin)
Total realized gains since April 28, 2001 are $649,969.
In 60 trading days since inception I am averaging a gain of 0.69% per trading day. (annualized thats 172%)
43 out of 60 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 |
