Longs entered today, 2/16/2006: Symbol Long/Short Share Entry_Price BCSI 1 600 18.95 RES 1 500 22.52 GRA 1 1200 9.42 PLLL 1 700 16.78 CNET 1 800 13.62 CUTR 1 400 24.99 NTRI 1 300 38.45 SYMM 1 1300 9.12 CERN 1 200 43 NVTL 1 1100 10.25 long=1/short=-1
Good stuff. This is a journal with some of the most realistic expectations I have seen in a long while. If you can consistently generate 20% return per annum that is fantastic going. For the last couple of years, I've been getting around 35% annual returns, net of all costs, and its been a great living. It's refreshing to see a dose of reality for a change, rather than people talking about tripling their money each year!!
Do you mind telling us a little more about your strategies? We like to learn/exchange any good ideas. In this journal, I try to give buy signals before I enter any position, and have a clearly defined exit strategy so that people can see how the system works. I cannot promise that this system will make money as it was backtested, but you can develop your own ideas based on the daily updates of the journal. More comments and ideas are appreciated.
Long positions entered today, 2/17/2006: Date Entry Symbol Long/Short Shares Entry Price EXPE 1 500 20.12 CLF 1 100 89.97 ATVI 1 900 12.18 IIJI 1 1100 10.02 CUTR 1 400 25.5 LEA 1 500 22.87 BMD 1 1700 7 MFE 1 500 23.27 UARM 1 400 28.92 JCOM 1 200 40.58 Long=1/short=-1 Account net PL: $30,071. Tight stop of $10,000 due to market seasonality.
No longs tomorrow. Account PL: $34294, 54% in sotck, 46% in cash. Stop $10,000, i.e., exit all positions if open positions lose $10,000 or more.
No new position next Monday, 2/26/2006. Account PL: $51,324, 54% in stock, 46% in cash. StopLoss $9,000. The return of the system since start of journal (1/11/2006): +4.2%; Nasdaq: -1.9% and S&P -0.36% during the same period.