P&L REPORTS UPDATED FOR THIS WEEK

Hope all you are enjoying your weekend pastimes.  If not, you still have one more day to go before you hit the ticker.  Go out there and make the best of it.  Trading is a professional high energy consuming activity.  For most, it is emotional too (though this is definitely a negative attribute).

Its pitch dark out here at my weekend retreat, it is cool and pleasant though, and the air is full of oxygen (as much as you can take it in).  I can hear all kinds of sounds out there, I thought I heard a leopard growling somewhere nearby or was it the thunder!  It was a leopard, the dogs are suddenly sulking and have retreated into a safe corner with their tails between their legs.  One of them is already yelping faintly.

The week that went by was quite eventful.  Much to the chagrin and consternation of all, the market belied all hopes of coming back from where it started.  The 5K levels were touched on the Nifty.  It, however, looks as though this is still a bear market rally and a pull down is on the cards, timeline difficult to pinpoint.

Three interesting blogs I came across this week.  Here they are.

One is an interview with Charles Kirk from The Kirk Report - Catch it here -
http://wallstcheatsheet.com/knowledge/interview-knowledge/exclusive-interview-charles-kirk-from-the-kirk-report/?p=1723/

The second one is the confessions of somebody who missed the rally - here it is - http://blog.investraction.com/2009/09/confessions-of-rally-misser.html

The third one is a very interesting chart that gives you a wide angle view on this rally - here it is - http://timamo.blogspot.com/2009/09/jan-2008-and-now.html

Our P&L REPORT/P&L REPORT for THE NIFTY FUTURES FUND and THE EQUITY FUTURES FUND are updated.

This week we turned in a profit of INR 3225 per lot of Nifty Futures and a profit of INR 6840 per lot of Equity Futures.  This translates into a total profit of INR 10065 on a capital of INR 1,80,000, an effective return of 291.56% per annum or 24.29% per month.  The greater the capital employed, more the number of lots traded, greater the profits in terms of INR.


Our current positions carried forward from last week is as follows:
Short on Nifty Futures multiple lots at 4978.
No positions in Equity Futures.
Updates on Tuesday. (Monday is a market holiday).

Follow my tweets, enjoy your holidays, and be healthy and wealthy!