P&L REPORTS UPDATED FOR THE WEEK

Profit and loss reports for the week ended Sept 25, 2009 have been uploaded and you can download them by just clicking on the links above..

The week that went by saw a rise in the corpus of The Nifty Futures Fund by INR 2802/per lot of Nifty Futures and of The Equity Futures Fund by INR 9398/per lot of Equity Futures.  This works out to a return of 20.23% per month and 242.84% per annum on a corpus of INR 60,000 per lot of Nifty Futures, and a return of 33.93% per month and 407.22% per annum on a corpus of INR 1,20,000 per lot of Equity Futures.

The report presents the half yearly performance figures for financial year 2009-10.
The report also summarizes monthly profits from April 09 to Sept 09 as well as  the average performance per month and per annum.

The Nifty Futures Fund has realized a return of 19.82% per month and 237.82% per annum.
The Equity Futures Fund has realized a return of 19.37% per month and 232.49% per annum.

While some months have given us bumper profits, there have been months with negative returns too which is fine by the law of averages.  In sum, an annual performance of 100% return on the corpus employed would be our target.

Our focus on Equity Futures has mainly been Reliance, mainly because of the volumes and the interest this stock generates amongst the trading fraternity as well as its weightage in the Nifty Index and of course the hedging possibilities with the Nifty.  Sheer time constraints have bogged me down from venturing into the other Nifty 50 stocks at the present moment.  The time and energy invested in being able to generate profitable calls on just the Index and one of the Index movers is stupendous and there are just not enough energy reserves available to even look into the other trading possibilities.  Though, I am currently doing exhaustive research on the Dow Futures and possibly we might set up a Dow Futures Fund too commencing Oct 09.

As I sign off, I see the Dow on a steep upswing as expected and tweeted sometime ago.  This brings good cheer for the traders out here in India and I am sure most of them would enjoy a sound night's sleep on the back of this pleasant outcome.

A happy Dassera and a fulfilling Yom Kippur's Day to all.

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!

P&L REPORTS UPDATED FOR THIS WEEK

The P&L Reports for both Nifty Futures and Equity Futures is updated.

The week that went by gave us a net earning of  INR 30,000 on a lot of Reliance Futures and INR 5,000 on a lot of Nifty futures on a capital of INR 1,20,000 and INR 60,000 respectively.  Stupendous returns.  Of course Reliance was the game changer and in turn the Nifty too gave us positive returns.

The law of averages is very clear.  You cannot be right all the time.  However, what is important is how you manage the right trades right and how you manage the wrong trades right.  It does not matter if your strike rate is 70:30 or 60:40 on the losing side.  It so happens that if you catch the trends correctly your low strike rate of right trades will give you more profit than the high strike rate of wrong trades and the net is always on the positive side.  Of course it is dedicated and devoted adherence to the prophecy of THE FINAL CALL®™ that can help you achieve this.


Thats all for this week and hope you enjoy the weekend.  My party has already begun!

THE FINAL CALL®™*(By Invitation Only): Give me a living human being with a good internet connection, a cellphone with a running cellular connection, a valid trading account with a decent brokerage, and a modest capital starting with INR 20000 and I will make him RICH!!!
* For Terms and Conditions send in an email at sometimesbullsometimesbear@gmail.com