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I know people always want me to show them what I am holding into the next month, whether it is longer term or shorterm positions, and maybe a little bit about how many trades I made, how many were profitable or losses etc. It is easy to see that may was my worth month yet, in fact I was down close to 20% at a certain point but managed to get back to 0.5% UP by the end of the quarter. (Read more)
My swing trades hurt me quite a lot while my longer term stocks were hedging my losses as they moved up. I took about 40-70% off in each of my longer term stocks in late may, early june; and will look to buy them back once we dip lower. I want you to notice that my portfolio has tons of cash in it still, that’s incredibly important to have, you never know what opportunities you’ll get. I want you to also notice that while my current short positions are very bearish and my longer term positions are bullish (they hedge each other), I did purcahse QLD a few days ago to hedge a little bit as I felt the nasdaq would outperform on the bounce to the upside (for the right shoulder of the H&S). I might consider taking it away if tomorrow we break down. Hope you had a better quarter than I did, enjoy!
Thank you for sharing Idan
Idan
Thank you for showing us your holdings. As a bean counter I am curious as to the breakdown of your profits between long ans short trades.
Do you monitor the charts for each of your long trades the same as you do for the short positions and option trades? If you do, is there a particular reason that you continue to hold C, or why you did not add to your position when it ht bottom at $.97? Similarly why did you not sell GE when it was above $14.
If the % income from investing in good long trades is as fruitful as it appears, why spend so much energy chasing so many option and short trades that seem to be paying minor returns. Why not load more into the more successful holdings?
Peter
Pardon my curiosity, I just can’t see the cost benefits here.
July 2nd, 2009 at 12:35 am
Hey mac47… well, as you can see at the bottom of my Excel i stated that at least 40% of each of my longer term positions were sold.. so GE was also sold up around the 13 level… and so was Citigroup at around the 4 level. Also notice how it says that the cost price that i bought them at is “averaged” I bought citigroup at 20, at 13, at 7, at 3, and at 2…. and so the average was 7.37..
I monitor the longer term charts just like the intraday only I do want more fundamental analysis behind it.