nycderivtrader journal

You are right- it is hard to buy smaller cap companies with the size I am using. (the fund calculates the buy as an avg of the shares purchased from the order point- so it could have great swings and you could get stuck with a large lot at the higer range--- you can put in limits, but then it could be a day before all the trades execute). But with the .05/share fee, I am in this for a longer haul, so the way that they calculate the purchase price isn't AS MUCH of an issue.

One thing I want out of this fund is to try and remain consistent without much downward movement. Unfortunately I can't use options or go short using this fund software. This would definitely help me smooth out my swings.

I am looking to be into 8-12 companies at a time, spreading out my investments mostlly in 5% blocks, and for the companies that I have most faith in, having a substantial block in (but must have suitable volume as well). I really dislike huge diversification becuase you just get to a point where you are becoming your own index and replicate the market more than I have a taste for.

Right now I am still looking over some more picks, but in my portfolio I have a good amount of expectations for CXW and JAKK. I plan on purchasing some more in the future to bring up the % of the fund. Also I will be liquidating jnj and keeping about 30% in cash because I still believe the market is going down- but I can't win unless I am actually IN... So, this is a safer bet.

nycdt


Hedge Style
So far, from what I have seen with your posts (DUE TO THE SIZE YOU ARE TRADING) AN important thing to be considering is POSITION SIZING and MONEY MANAGEMENT.

What is your position sizing method?

Thanks
PQ
 
DOW 9340.40 +22.80 (+0.24%)
NAZ 1770.64 +6.33 (+0.36%)
S&P 996.73 +3.02 (+0.30%)

Yesterday's Holdings:
CPRT 10,800
CCRT 6,900
CXW 4,500
JNJ 5,100
JJZ 8,400
JAKK 12,800
AZR 2,800
SGMS 5,600


Value: $1,110,191.33
Cash: $258,340.33
Stock Value: $851,851.00



Today's trades:
Shares AVG Cost Total Cost
Sell JJZ 8,400 $5.4264 $45,582.04 Details
Sell JNJ 5,100 $49.353 $251,700.40 Details
Buy CXW 2,300 $21.815 $50,174.40 Details
Buy JAKK 4,400 $11.3685 $50,021.47 Details
Buy CPRT 5,400 $9.3968 $50,742.68 Details
Buy CXW 2,300 $21.7955 $50,129.60 Details
Buy CHTT 7,800 $13.0001 $101,400.39 Details


Now holding:
JAKK 17,200
CPRT 16,200
CCRT 6,900
CXW 9,100
CHTT 7,800
AZR 2,800
SGMS 5,600



Value: $1,111,993.17
Cash: $253,110.17
Stock Value: $858,883.00


Change for day: +.17% = +$1,801.84
10% Goal per month, by 9/15/03 1.2M, requires 7.9% return from here.

Today's trades:
I got out of JJZ because I felt that the company was not a suitable fit for my portfolio- they are too specific in their business and including them was a mistake. They are still a very attractive candidate, but I believe I can find better companies.

I am still very cautious with SGMS and AZR (as I said yesterday/casino stocks). They both are my underperformers and SGMS is on thin ice right now. If it does not turn around, I will quickly dish it off tomorrow.

My two big holdings, which I have high hopes for, JAKK and CXW- are performing well so far, with returns of 2.03% and 1.12%, respectively. For two days, this isn't bad.

I have a long list of companies I am reviewing that have met my requirements, and at any time I may switch them for something that I don't feel is as strong.

Positive return today, but unfortunately was not as strong as the market.

nycdt
 
DOW 9,333.70 -6.70 (-0.07%)
NAZ 1,782.13 +11.48 (+0.65%)
S&P 996.79 +0.06 (+0.01%)
Change for day: +.20% = +$2,135.90

Yesterday's Holdings:
JAKK 17,200
CPRT 16,200
CCRT 6,900
CXW 9,100
CHTT 7,800
AZR 2,800
SGMS 5,600


Value: $1,111,993.17
Cash: $253,110.17
Stock Value: $858,883.00



Today's trades:
Buy NPO 2,900 $10.4952 $30,436.00
Buy ALFA 3,100 $12.9551 $40,160.96
Buy FMT 2,300 $12.9024 $29,675.60
Buy CHTT 3,800 $12.9997 $49,398.91
Buy IMR 6,800 $7.3493 $49,975.20
Buy CRK 1,500 $13.8875 $20,831.20




Now holding:
JAKK 17,200
CPRT 16,200
CCRT 6,900
CXW 9,100
CHTT 7,800
AZR 2,800
SGMS 5,600


Value: $1,114,129.07
Cash: $32,578.57
Stock Value: $1,081,550.50


Change for day: +.20% = +$2,135.90
10% Goal per month, by 9/15/03 1.2M, requires 7.7% return from here.

Entered into some more companies that I feel will grow in the shorter term, with lower downside.
None of my picks have been stopped out or up to my target. Right now my highest percentage gainer is CPRT with 4.40% and biggest downside is SGMS at -5.56%


nycdt
 
DOW 9374.20 +40.50 (+0.43%)
NAZ 1800.18 +18.05 (+1.01%)
S&P 1002.84 +6.05 (+0.61%)

Change for day: 2.37% = +$26,363.51

Yesterday's Holdings:
CPRT 16,200
CRK 1,500
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,114,129.07
Cash: $32,578.57
Stock Value: $1,081,550.50

Today's trades:
None


Now holding:
CPRT 16,200
CRK 1,500
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,140,492.58
Cash: $32,524.58
Stock Value: $1,107,968.00


Change for day: +2.37% = +$26,363.51
10% Goal per month, by 9/15/03 1.2M, requires 5.2% return from here.

Did not enter into or out of any trades today

nycdt
 
DOW 9415.80 +41.60 (+0.44%)
NAZ 1810.45 +10.27 (+0.57%)
S&P 1008.01 +5.17 (+0.52%)

Change for day: -.05% = -$596.61

Yesterday's Holdings:
CPRT 16,200
CRK 1,500
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,140,492.58
Cash: $32,524.58
Stock Value: $1,107,968.00

Today's trades:
Sell CRK 1,500 $14.7644 $22,146.55


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,139,894.97
Cash: $54,610.97
Stock Value: $1,085,284.00

Change for day: -.05% = -$596.61
10% Goal per month, by 9/15/03 1.2M, requires 5.27% return from here.

Sold my small (20k) position in CRK, was hitting new highs and don't believe that the risk was worth losing out on my gain. Still holding firm on the majority of these.

nycdt
 
DOW 9523.20 +107.40 (+1.14%)
NAZ 1841.48 +31.03 (+1.71%)
S&P 1021.99 +13.98 (+1.39%)

Change for day: +2.3% = +$26221.50

Yesterday's Holdings:
CPRT 16,200
CRK 1,500
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,139,894.97
Cash: $54,610.97
Stock Value: $1,085,284.00

Today's trades:
None


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,166,116.47
Cash: $54,614.47
Stock Value: $1,111,502.00

Change for day: +2.3% = +$26221.50
10% Goal per month, by 9/15/03 1.2M, requires 2.9% return from here.

Beautiful day- looking to get out of my cprt at 12, which is still not far away. CCRT is at 15.92 and am looking to get out at 17. I have found some interesting investments that I may choose to replace some of my lesser choices here.

nycdt
 
DOW 9568.40 +45.20 (+0.47%)
NAZ 1852.90 +11.42 (+0.62%)
S&P 1026.27 +4.28 (+0.42%)

Change for day: +1.27% = +$14,730.93

Yesterday's Holdings:
Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,900
SGMS 5,600
IMR 6,800
ALFA 3,100
AZR 2,800
FMT 2,300

Value: $1,166,116.47
Cash: $54,614.47
Stock Value: $1,111,502.00


Today's trades:
Sold CCRT 320 $5,459.94
Sold AZR 2,800 $47,725.35

I tried getting a quarter of my CCRT holding out at over 17 (my goal), but only could fill 320 shares. I will look to get out tomorrow and in the near term.

I believe that there are better investments than AZR and sold off my holding. Will look to reinvest soon.

Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,580
SGMS 5,600
IMR 6,800
ALFA 3,100
FMT 2,300

Value: $1,180,847.40
Cash: $107,738.80
Stock Value: $1,073,108.60

Change for day: +1.27% = +$14,730.93
10% Goal per month, by 9/15/03 1.2M, requires 1.62% return from here.


nycdt
 
DOW 9587.90 +19.50 (+0.20%)
NAZ 1868.98 +16.08 (+0.87%)
S&P 1027.97 +1.70 (+0.17%)

Change for day: +.22% = +$2,509.61

Yesterday's Holdings:
Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 6,580
SGMS 5,600
IMR 6,800
ALFA 3,100
FMT 2,300

Value: $1,180,847.40
Cash: $107,738.80
Stock Value: $1,073,108.60


Today's trades:
CCRT COMPUCREDIT CORP 2,000 $33,420.61

Started selling off portions of my holding in CCRT because it has reached my target of $17. Now is at 17.65 so i will continually sell off.


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 4,580
SGMS 5,600
IMR 6,800
ALFA 3,100
FMT 2,300

Value: $1,183,357.01
Cash: $141,097.01
Stock Value: $1,042,260.00


Change for day: +.22% = +$2,509.61
10% Goal per month, by 9/15/03 1.2M, requires 1.4% return from here.


nycdt
 
DOW 9503.30 -84.60 (-0.88%)
NAZ 1858.24 -10.73 (-0.57%)
S&P 1021.39 -6.58 (-0.64%)

Change for day: +.11% = +$639.05

Yesterday's Holdings:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 4,580
SGMS 5,600
IMR 6,800
ALFA 3,100
FMT 2,300

Value: $1,183,357.01
Cash: $141,097.01
Stock Value: $1,042,260.00


Today's trades:
Sold CCRT 120 $2,202.69
Sold CCRT 1080 $19,536.28
Sold CCRT 1000 $18,255.54
Sold SGMS 2,600 $25,825.98

Wanted to get out of these positions gradually- they have hit my target price. SGMS was initiated at buy $12 by Roth Capital. I will continue to get out, now that I have achieved my goal of $10.

I expect a market sell off next week, and may reduce my holdings.

Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
CCRT 880
SGMS 3,000
IMR 6,800
ALFA 3,100
FMT 2,300

Value: $1,183,996.06
Cash: $232,537.16
Stock Value: $951,458.90


Change for day: +.11% = +$639.05
10% Goal per month, by 9/15/03 1.2M, requires 1.35% return from here.


nycdt
 
While reading the first three pages of this thread, I kept thinking to myself, This is very interesting. For some reason or another this guy has over a million bucks to play with, and is actually doing it, yet he seems to be making the very mistakes I used to make before I became profitable.

I guess I should have given the initial post a little more attention.
 
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