Sunday, July 29, 2007

Paper Trade Tally for the week of July 23-27

This is the first week we started a tally so please let me know of any suggestions you might have.
I am calling this system the rolling index. You will see why at the end of this update. The index started at 10,000.

Rules:
We started this week with $10,000.
We can have at most 10 positions, each having close to a $1000 dollar investment. At first, I was going to buy exactly $1000 worth of stock but you can't buy fractions of stocks, so I have rounded all fractions of stock upward in trying to keep this paper trading system as realistic as possible.
All transactions have $10 commissions.

Stopped Out
1) AMR 28.30. Out at 26.04. Loss of 1.90 x 35.33shares = -67.13
2) GLW 26.87. Out at 24.72. Loss of 2.15 x 37.22shares= -80.03
TOTAL REALIZED LOSS FOR WEEK IS 147.16+20 commissions=167.16

Current Positions
Long
1) SII 64.71 (59.30), 15.45shares = 1000 closed at 60.40, -66.59
2) BEC 73.87 (67.96), 14shares = 1034.18 closed at 72.89, -13.72
TOTAL LOSS FOR WEEK 80.31

Short
3) EEFT 28.03 (30.27), 15.45 shares=1000, closed at 25.50, +39.09
4) SSP 43.84 (47.34), 22.8 shares=1000, closed at 41.03, +64.07
5) ASF 33.76 (36.46), 30 shares=1012.80, closed at 33.13, +18.9
6) NNDS 44.15 (47.68), 23 shares=1016, closed at 44.03, +2.76
7) JTX 27.64 (29.85), 37 shares=1023, closed at 27.30, +12.58
TOTAL PROFIT FOR WEEK 137.40

UNREALIZED GAINS OF 57.09 - REALIZED LOSS OF 167.16 = -110.07

Portfolio is down 1.1% so ROLLING INDEX IS AT 9889.93
SP 500 is down 4.9% INDEX AT 1458.59

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