JULY 25th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position WEBX at 22.60
Shorted 1/2 position GSPT at 12.20
Shorted 1/2 position HLIT at 11.61
Shorted 1/4 position VRTA at 12.65
Covered all EFTD at 7.25 +1.00
Covered 1/2 position LWIN at 25.16 +6.49 (from 31.65, still holding core 3/4 position from 28.19)
Bought full position ONIS at 19.40
Sold full position INTU at 33.50 +1.61
Sold full position INTU at 33.30 +1.41
Another nice profitable day. I closed at all time high.
ALOY, PHTN, GSPT, FTHL, BZH and JDSU were the only significant losers today.
LWIN big dump made the day!!!
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 $14,394 or 0.68% for the day.
Profit of $69,059 or 3.34% for the week.
Profit of $304,245 or 16.58% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,139,771
Portfolio profit is +$639,771 or +42.65%
Approximately 1169K shorts and 1045K longs, 53% vs 47% to the long side.
Portfolio is 103% invested of cash. (hate using margin)
Total realized gains since April 28, 2001 are $672,835.
In 61 trading days since inception I am averaging a gain of 0.70% per trading day. (annualized thats 175%)
44 out of 61 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 |
