JULY 05 TOTALS:
12 Winners
17 Losers
3 Flat .............
Average gain per winning trade: 3.4%
Average loss per losing trade: 2.1%
Total profit/loss ... UP $1208.80
Percentage profit/loss ... UP 0.5%
Year to Date:
Dow ... down <1.3%>
Nasdaq ... up 0.4%
S&P 500 ... up 1.8%
Russell 2000 ... up 4.3%
The Portfolio ... UP 15.3% - $30,662.60 in profits.
The Portfolio has been up and running for 9 months now and in those 9 months, these are the results:
The Portfolio ... UP 22.4% - $44,782 in profits.
Analysis: The stated objective all along has been to outperform the market. Year to date, that objective is being met. The secondary objective has been to be profitable when the markets are down. In other words, I don't want to show a better loss ratio than the market when the market is down, I still want to show a profit. July continued the streak of profitable months. For the 9 months I have been showing the trades publicly, 8 of those months have shown a profit. The only losing month had a loss of <0.7%>. So, losses have been kept to a minimum.
Although I was profitable this month, it feels as though I ended up losing. I got off to a good start the first week of July and then I ran into adversities. My computer was down for a couple of days, then there was jury week, and to top that off, we had several terrorist activities affect the market in the short term, a time frame I focus on.
I had several trades this month that triggered and stopped out on the same day. That tells me that intraday volatility was excessive and the terrorist activities had something to do with pushing the markets short term. It was a month when the longer term time frames fared much better as evidenced by the indices.
For the first time my winning trades did not outperform my losing trade by the 2-1 margin I usually experience. Winners beat losers by a 1 1/2 - 1 margin. This is another sign of the intraday volatility experienced during the month. I had quite a few trades that stopped out via rising stops. I raised my stops as profits were gained and price came down to trigger some of those stops. It was frustrating to see the stops hit but, they are an important aspect in showing profits every month.
Best Performers:
CHK ... up 7.1% (long position, snap back up.)
LCAV ... up 5.0% (short position, break down pattern.)
MACR ... up 4.8% (long position, climatic buy signal.)
Worst Performers:
CWTR ... down 3.5% (long position, momentum change bar.)
NTMD ... down 3.5% (long position, 3 bar drop.)
ADTN ... down 2.9% (long position, continuation pattern.)
Suggested improvements:
I gave some trades too much leeway with regard to cutting losses. I had a couple of trades exceed my 3% maximum, although not by much. Still, I need to keep a tight rein on losses. I was barely positive on the month and a mere 1% more in profits could make a difference over time. I don't want to get into the habit of giving a half percent here and a half percent there. When those numbers, as small as they are, become effected by compounding, it makes a difference.
All in all, it was another profitable month but, a disappointing one. I look forward to August.
November 04 totals: Up $10,550 or up 5.2%
Message 20901017
December 04 totals: Up $3,570 or up 1.8%
Message 20912410
January 05 totals: Up $2,460 or up 1.2%
Message 21002734
February 05 totals: Up $656 or up 0.3%
Message 21090136
March 05 totals: Down <$1,540> or down <0.7%>
Message 21190623
April 05 totals: Up $4,180 or up 2.0%
Message 21279591
May 05 totals: Up $15,116 or up 7.2%
Message 21375934
June 05 totals: Up $8,582 or up 3.8%
Message 21470241
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