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7.8.10 Trading: Market Neutral Strategy

Today was one month of running money. Let’s review the portfolio:

Current open positions:

Long trades: 6
Loss/gain on open trades: +753$
Short trades: 3
Loss/gain on open short trades: -71$

Loss/gain on all open positions: +682$

Closed Positions:

Long trades closed: 24
Loss/gain on long trades: +1550$
Short trades closed: 37
Loss/gain on short trades: -721$

Total return for first month: +1512$ or 1.51%

Reviewing long positions: 14 out of 24 (58%) trades were profitable.

Reviewing short positions: 18 out of 37 (48%) trades were profitable. Theres a lot of improvement needed here. The first eight positions I shorted were losers dragging the account down 2000 within the first two weeks. Since then came back strongly making up 1304 back the last two weeks. If not for a huge mistake yesterday (holding HOTT overnight as it gapped up this morning) the short portfolio would have ended in the positive. Two positions contributed to -1728 in the short account this month, both gapped up on the open and I sat there unable to act.

In Out Ticker L/SS Q PP  Net  4% MP  Net  G/L %
                       
6/25   azo L 51 196.13   10,000 4% 198.00   10,095 95 0.95%
7/1   do L 158 63.14   10,000 4% 65.26   10,336 336 3.36%
7/7   EUR L 7958 1.26   10,000 4% 1.27   10,067 67 0.67%
7/7   crr L 127 78.88   10,000 4% 79.66   10,099 99 0.99%
7/8   bp L 301 33.22   10,000 4% 33.74   10,157 157 1.57%
7/8   uso L 294 33.97   10,000 4% 34.23   10,077 77 0.77%
              50,000       50,753 753  
                       
7/7   arcl SS 889 11.25   10,000 4% 11.00     9,778 222 2.22%
7/8   hott SS 1927 5.19   10,000 4% 5.29   10,193 -193 -1.93%
7/8   pcln SS 51 197.29   10,000 4% 199.28   10,101 -101 -1.01%
              30,000       30,071 -71  
                       
              80,000       80,682       682  
                       
Closed Positions                      
long                      
6/10 7/1 gdx L 99 50.63     5,000 5% 50.64     5,001 1 0.02%
6/30 7/1 ctrp L 257 38.90   10,000 4% 37.34     9,599 -401 -4.01%
7/1 7/6 f L 964 10.37   10,000 4% 10.40   10,029 29 0.29%
7/1 7/6 bj L 241 41.56   10,000 4% 43.39   10,440 440 4.40%
7/6 7/6 idt L 702 14.24   10,000 4% 14.39   10,105 105 1.05%
7/7 7/7 isrg L 31 320.42   10,000 4% 322.22   10,056 56 0.56%
7/7 7/7 fslr L 78 127.75   10,000 4% 128.48   10,057 57 0.57%
7/7 7/7 nflx L 87 115.08   10,000 4% 118.49   10,296 296 2.96%
7/1 7/8 aro L 332 30.10   10,000 4% 29.62     9,841 -159 -1.59%
short                      
6/30 7/1 isle SS 1057 9.46   10,000 4% 10.20   10,782 -782 -7.82%
6/29 7/1 nflx SS 88 114.10   10,000 4% 110.29     9,666 334 3.34%
6/30 7/1 bks SS 759 13.17   10,000 4% 13.32   10,114 -114 -1.14%
7/1 7/1 amzn SS 92 108.61   10,000 4% 110.89   10,210 -210 -2.10%
6/8 7/1 tlb SS 395 12.67     5,000 5% 10.55     4,163 837 16.73%
7/1 7/1 lulu SS 278 36.00   10,000 4% 37.44   10,400 -400 -4.00%
7/1 7/2 isrg SS 32 311.00   10,000 4% 308.51     9,920 80 0.80%
7/1 7/2 pcln SS 56 178.42   10,000 4% 176.97     9,919 81 0.81%
6/24 7/2 rht SS 318 31.46   10,000 4% 29.08     9,243 757 7.57%
7/6 7/6 nflx SS 90 110.71   10,000 4% 110.00     9,936 64 0.64%
7/6 7/6 aapl SS 40 251.55   10,000 4% 250.65     9,964 36 0.36%
7/6 7/6 pcln SS 55 181.78   10,000 4% 179.90     9,897 103 1.03%
7/6 7/6 isrg SS 32 315.77   10,000 4% 313.72     9,935 65 0.65%
7/6 7/6 idt SS 694 14.40   10,000 4% 14.31     9,938 63 0.63%
7/7 7/7 goog SS 23 441.17   10,000 4% 445.37   10,095 -95 -0.95%
7/7 7/7 isrg SS 31 318.00   10,000 4% 320.31   10,073 -73 -0.73%
7/7 7/7 fslr SS 79 126.85   10,000 4% 127.78   10,073 -73 -0.73%
7/7 7/8 hott SS 2101 4.76   10,000 4% 5.21   10,945 -945 -9.45%
6/11 7/8 atk SS 75 66.62     5,000 5% 63.46     4,763 237 4.74%
6/24 7/8 wag SS 359 27.88   10,000 4% 27.41     9,831 169 1.69%
7/8 7/8 fslr SS 78 128.70   10,000 4% 130.39   10,131 -131 -1.31%
7/8 7/8 isrg SS 31 324.52   10,000 4% 321.25     9,899 101 1.01%
7/8 7/8 nflx SS 83 120.32   10,000 4% 116.98     9,722 278 2.78%
7/8 7/8 pcln SS 51 197.29   10,000 4% 199.28   10,101 -101 -1.01%
                    829  
                       1,512  
6/28 6/29 6/30 7/1 7/2 7/6 7/7 7/8
1639 1929 3103 1739 1646  1,863 2132 1512
1639 290 1174 -1364 -93 217 269 -620