Friday, October 17, 2008

next lucky day

well, i could feel that after a big SILVER price decrease there was sth. in the air and i knew that sth. important will happen (at that time was the usd temporary losing against the eur => inter-market-correlation was also on my side) ... i bought @9.33 ... just seconds later fell gold + silver even more (to 9.06) and usd rose again :-((. silver bounced back 3 hours later and i have now a small theoretical gain on that position. let's move my initial stop limit a little bit higher before market closes its doors for the weekend and hope that silver will go up next week [as it IMHO should in the epicentre of this financial + paper money disaster! if we consider also the fact that physical gold/silver supply is hardly available and if so, then just with a huge spread to the manipulated comex futures prices :-] and i will be able to hold that position and place some profit protecting stop limit on monday ... let's go to gym (PFS) and see late at night what did mr. market today :o))

item--------------: silver
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 10/17/2008, 15:09
entry price-------: 9.33
initial stop-loss--: 8.88 ... ... ... this field must never be empty :-)
new stop-loss----: 9.09 > 9.34
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion we are in the middle (not the end!) of the 2008 financial crisis and silver (gold also) is so unbelievable cheap. i will bet on its price recovery!


+ 3 DJIA trades (2 winners + 1 loser). folks, it is already the 5th consecutive day where i could make some profits trading the late market movements of DJIA. of course, provided i will not lose it later at night => maybe i shouldn't trade today anymore, should i? unlike my usual results, i've earned more than my broker through my trades today! folks, i had just 2 losing days out of 9 trials in september / october and even my last losing day was not bad as i had just 1 trade with a small loss of € 11 and didn't trade further as there was no clear temporary trend visible, so i decided not to bet real money on that poor outlook. just the very first trial was really bad as i've lost maybe $130 in few hours, but learned a lot through markets punches :-).


item--------------: DJIA >> position closed, #1
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 10/17/2008, 17:54
entry price-------: 9,071
initial stop-loss--: 9,051 ... ... ... this field must never be empty :-)
new stop-loss----: 9,102
exit date---------: 10/17/2008, 17:56
exit price---------: 9,102
profit (loss) in %-:
profit (loss)------: $31
reason why + strategy: trying to trade some big movements in late market trading
lessons learned: if the chart is 'telling' me that there will be a significant move in some direction i will bet on that and as always insure my position with a stop order in case i'm wrong


item--------------: DJIA >> position closed #2
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 10/17/2008, 17:58
entry price-------: 9,098
initial stop-loss--: 9,082 ... ... ... this field must never be empty :-)
new stop-loss----: 9,099 > 9,107 > 9,111 > 9,133 > 9,144
exit date---------: 10/17/2008, 18:02
exit price---------: 9,144
profit (loss) in %-:
profit (loss)------: $46
reason why + strategy: trying to trade some big movements in late market trading
lessons learned: market liked my bet and moved in 'my' direction => ok


item--------------: DJIA >> position closed #3
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 10/17/2008, 19:03
entry price-------: 9,157
initial stop-loss--: 9,136 ... ... ... this field must never be empty :-)
new stop-loss----:
exit date---------: 10/17/2008, 20:03
exit price---------: 9,136
profit (loss) in %-:
profit (loss)------: ($21)
reason why + strategy: trying to trade some big movements in late market trading
lessons learned: market didn't like my bet and moved in opposite direction => also ok, that's trading, that's life :-)
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