scroll down to find the spreadsheet link
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
Copy and Paste this into your window if the link does not work properly
Find the tab - Summary to see that we are up 51% from January 2008.
See you at the meeting -
Tim West
LASTLY - To save money on a new boiler for your home - please consider www.system2000.com - I have installed two of these and have saved 30% on my home fuel usage.
Wednesday, May 27, 2009
Friday, May 22, 2009
NEXT MEETING - WED MAY 27 - 5:30PM
Greetings again from Tim:
WE ARE BETTER OFF WHEN WE SHARE (Our Philosophy)
THE MISSION: To share perspectives, experiences, and insights to help all of us make and save money in our portfolios.
Our meeting will be next week - on Wednesday, May 27th, which is 5 weeks from our last one. I had posted to the blog that we would be meeting this week, but since I didn't get the notice out last week to give you enough time to put this on your calendar, Mark and I decided to postpone the meeting to next week. Monday is Memorial Day, so I hope you all will be plenty relaxed and have thought endlessly about your next idea for the meeting.
Many thanks to all of you who came to the last meeting on April 22nd and shared their perspectives on markets, opportunities, risks, trends and ideas.
The ideas for the group are up for the year so far. Come to the meeting with your idea and if you don't have an idea - no worries. Feel free to comment on others and absorb the information.
I hope you can make it on May 27th at 5:30PM for drinks, 6:00PM for dinner/meeting upstairs at Bogey's Grill in Westport, CT.
WE ARE BETTER OFF WHEN WE SHARE (Our Philosophy)
THE MISSION: To share perspectives, experiences, and insights to help all of us make and save money in our portfolios.
Our meeting will be next week - on Wednesday, May 27th, which is 5 weeks from our last one. I had posted to the blog that we would be meeting this week, but since I didn't get the notice out last week to give you enough time to put this on your calendar, Mark and I decided to postpone the meeting to next week. Monday is Memorial Day, so I hope you all will be plenty relaxed and have thought endlessly about your next idea for the meeting.
Many thanks to all of you who came to the last meeting on April 22nd and shared their perspectives on markets, opportunities, risks, trends and ideas.
The ideas for the group are up for the year so far. Come to the meeting with your idea and if you don't have an idea - no worries. Feel free to comment on others and absorb the information.
I hope you can make it on May 27th at 5:30PM for drinks, 6:00PM for dinner/meeting upstairs at Bogey's Grill in Westport, CT.
Thursday, May 7, 2009
Updates to WTN Portfolio
There are updates to the portfolio that you may follow by subscribing to this website - scroll down to find the subscription link.
Tony Sanfilippo had added an SP500 long position to hedge his FXP position (which is a short of the Chinese Stock Market Index FXI). He banked that profit and utilized the $5000 gain to offset his current loss of $7000 in FXP. This allows him to increase his position from 1400 shares to 2400 shares and change the stop to $13.90, down from the original $15.70. Essentially, the hedge of long S&P500 helped save $5000, but now that $5000 is at risk here.
My SP500 trading strategy outlined at the meeting is chugging along with three (3) closed profitable trades of 1R or $7000 profit so far. As of now, Thursday at 11:38AM, the SPY is 1 Range (avg range over 11 days as of yesterday's close is $1.95)below today's high of 93.15 which provided an entry long at 91.20 and has a target to exit at 93.15 with a stop at 3 x 1.95 down from 91.20. It may seem unusual to risk 3 ranges to make 1 range, but that is how I set up the trade. For those of you who know me - silver is my favorite long term, fundamentally based position and as of April 22 it is up from $12.19/oz to over $14/oz with an average range of $0.33. This means that silver is up more than 5R or 5-ranges. Recall we risk 3R or 3-ranges when we enter any position. That R is calculated using the last 11 days of True Range. I can explain true range at our next meeting.
Overall, the portfolio is relatively quiet, with overall profitability very quiet and within $6000 either side of breakeven. With so many opinions on the short side of the overall equity market this month, we are doing well to just breakeven. Here's hoping you are all doing well and look forward to seeing you later this month at Bogey's Grill in Westport.
Tony Sanfilippo had added an SP500 long position to hedge his FXP position (which is a short of the Chinese Stock Market Index FXI). He banked that profit and utilized the $5000 gain to offset his current loss of $7000 in FXP. This allows him to increase his position from 1400 shares to 2400 shares and change the stop to $13.90, down from the original $15.70. Essentially, the hedge of long S&P500 helped save $5000, but now that $5000 is at risk here.
My SP500 trading strategy outlined at the meeting is chugging along with three (3) closed profitable trades of 1R or $7000 profit so far. As of now, Thursday at 11:38AM, the SPY is 1 Range (avg range over 11 days as of yesterday's close is $1.95)below today's high of 93.15 which provided an entry long at 91.20 and has a target to exit at 93.15 with a stop at 3 x 1.95 down from 91.20. It may seem unusual to risk 3 ranges to make 1 range, but that is how I set up the trade. For those of you who know me - silver is my favorite long term, fundamentally based position and as of April 22 it is up from $12.19/oz to over $14/oz with an average range of $0.33. This means that silver is up more than 5R or 5-ranges. Recall we risk 3R or 3-ranges when we enter any position. That R is calculated using the last 11 days of True Range. I can explain true range at our next meeting.
Overall, the portfolio is relatively quiet, with overall profitability very quiet and within $6000 either side of breakeven. With so many opinions on the short side of the overall equity market this month, we are doing well to just breakeven. Here's hoping you are all doing well and look forward to seeing you later this month at Bogey's Grill in Westport.
Subscribe to:
Posts (Atom)
Posts
