Daily Update – July 2, 2008

July 2, 2008 | Posted by Jorge

Another rough day in the markets and yet another new high for my portfolio.  The portfolio is now up over 20% from the start of my trading, well off the 50% losses I was experiencing only a couple of weeks ago.  Today’s closing trades included profits in XL, LM, CY, and SINA with losses in HRB.  HRB hit my generous stop of $22 and so I’m out with my max loss.  The winners combined for a total of $1500 in profits.

Today’s Profits / Losses:  +$1219.00

Contracts traded:  17

*** New Portfolio Highs ***

Although my portfolio has hit its highs, my current risk allocation will remain unchanged until the end of the month.  I need to make sure my new trading plan is working and that this run on the new highs isn’t based on sheer luck.  I am expecting some writedowns in the next couple of days which will damper the fun a bit but nothing ever goes straight up or straight down.

Categories: Portfolio Progress | Tags: CY, HRB, LM, SINA, Virtual Office, XL | Comments