Sunday, September 14, 2008

current account size: 535 € / my open trades (as of 09/13/2008)

item_________: orange juice
units________: 1
order type____: limit
trade type____: long
entry date____: 09/09/2008, 15:00
entry price____: 98.8 usd (should be corrected to market opening price [about 96.0 usd] because of my compliance @cmc-markets! yep, it was changed to the pre-market level 94.9 on 16/09/2008)
initial stop-loss: 92.9
new stop-loss__: -
exit date______:
exit price_____:
profit (loss)___:
reason why + strategy: i've increased my initial position and placed a stop-loss order below the last temporary low (just for the case my opinion is wrong and the market would fall further :o).

item_________: sugar
units________: 1
order type____: limit
trade type____: long
entry date____: 09/09/2008, 14:32
entry price____: 12.12 usd
initial stop-loss: 11.80 usd
new stop-loss: 11.90 or 12.17? (to do: enter on monday after market opens)
exit date__:
exit price__:
profit (loss)_:
reason why + strategy: i felt that the price of sugar is quite cheap, therefore i've opened an initial position and placed a stop-loss order below the last temporary low.

item________: silver
units________: 1
order type___: limit
trade type___: long
entry date___: 09/09/2008, 15:11
entry price___: 11.91 usd
initial stop-loss: -
new stop-loss_: -
exit date____:
exit price___:
profit (loss)__:
reason why + strategy: i felt that the price of silver is soooo cheap (temporary high in march 2008: 21.27 usd), therefore i've opened an initial position and didn't set a stop-loss order. the major risk for that trade is the possibility of further recovery of usd (against other major currencies, not in terms of buying power :-), which is a huge bearish factor for precious metals.

item_______: orange juice
units_______: 1
order type__: market
trade type__: long
entry date__: 08/15/2008, 15:11
entry price__: 104.3 usd
initial stop-loss: -
new stop-loss_:
exit date___:
exit price___:
profit (loss)__:
reason why + strategy: i felt that the price of orange juice is soooo cheap (temporary high in october 2007: 160.80 usd), therefore i've opened an initial position and didn't set a stop-loss order

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current account size: 535 euros (falling down from about 800 euros after my re-start in late august 2008)
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