Verisimi

Discussion in 'Journals' started by Pekelo, Jan 2, 2007.

  1. Pekelo

    Pekelo

    Long from 1381
     
    #21     Mar 5, 2007
  2. Pekelo

    Pekelo

    Selling at 1384
     
    #22     Mar 5, 2007
  3. Pekelo

    Pekelo

    OK, after 2 months playing, let's have a summary.

    Again, the goal is to mimic the market and staying out of big downturns. As you can see later, the mimicing part was achieved eventually, although not in a way I would have liked it.

    The S&P started the year at 1418 and today it closed down at 1374, so YTD it is down -3%.

    I am down -16.75 points, and since about 14 pts is 1%, that is about -1.2%, so I am beating the market by 1.8% so far, although still in the red. Although there is a built in 4% profit, so absolute I am still in the green...

    The biggest mistake was switching back to long too early from the short position last Tuesday. Had I stayed short for the day, I would have gained 3% instead of going down with the market. When I am short and the market is falling counts double vs. the market so my edge would be 6% over the market right now...Big miss...
    So far only 1 unit has been used, although I can average down with another unit if I decide to do so.

    Since I have an edge over the market right now, and I also don't think this would go much lower, I am going long from here....

    Long from 1475
     
    #23     Mar 5, 2007
  4. Pekelo

    Pekelo

    Selling at 1389
     
    #24     Mar 6, 2007
  5. Pekelo

    Pekelo

    Long from 1385
     
    #25     Mar 6, 2007
  6. Pekelo

    Pekelo

    Selling at 1387, pretty much back to breakeven YTD.
     
    #26     Mar 6, 2007
  7. Pekelo

    Pekelo

    The edge over the market is about 2.5%, so long from 1385
     
    #27     Mar 6, 2007
  8. Pekelo

    Pekelo

    Sold at 1389
     
    #28     Mar 6, 2007
  9. Pekelo

    Pekelo

    I don't want this market to run away from me, so long from 1390.75
     
    #29     Mar 6, 2007
  10. Pekelo

    Pekelo

    Selling at 1394
     
    #30     Mar 6, 2007