Monday, November 17, 2008

G-20, natural gas, silver, ... commodity prices unbelievable low ...

G-20 instead of G-7 or G-8? the brasilian and chinese presidents besides g.w.bush @ a lunch table instead of his devoted servants from UK, poland, france, germany? hmmm ... :o)) ... did actually someone recognize that there is more needed when they want to 'fight' the 2008-financial-crisis than just rhetorical actions? or even that they need nations with some financial reserves instead of bankrupt western industrial morons and their small dirty central banks? will they (again!) print huge amounts of paper money or just borrow it from countries they still have any?

however, let's buy some commodities before the inflation will eat us alive :-))

item--------------: natural gas
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 11/16/2008, 23:21 that's early! it's monday, 00:21 in munich :-)
entry price-------: 6.39
initial stop-loss--: NONE, gas is soo cheap already, i don't believe it can fall much bellow $6, so let's try my luck without stop limit this time (btw, this position is small enough, it shouldn't hurt my portfolio too much if i'm wrong :o) ... must always be filled :-)
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is natural gas so unbelievable cheap that i will enter this position immediately, even when oil fell a little bit, €uro fell a little bit against usd, ...
lessons learned:


item__________: silver
units__________: 1
order type______: market
trade type______: long
entry date______: 11/17/2008, 01:50, it's late, i'm gonna sleep :o)
entry price_____: 9.64
initial stop-loss_: 9.24 ... ... ... ... must always be filled :-)
new stop-loss___:
exit date_______: 11/17/2008, 13:40
exit price_______: 9.24
profit (loss) in %_: (4.15%)
profit (loss)_____: (0.4 => $ 40)
reason why + strategy: silver is sooo cheap, the financial crisis so present, let's bet on rational human brains, ok?
lessons learned: it's sooo pity, the stop was hit, the daily low was 9.18, i would like to enter the market again at current price 9.30, but i can't afford to lose money too often on additional trials, my 'bottom fishing' limit order is @ 8.78, do u think it will be filled this week? or do u rather think we will never see silver sooo cheap in our lives?


item--------------: orange juice
units--------------: 1
order type--------: limit (buy)
trade type--------: long
entry date--------: 11/17/2008, 15:18
entry price-------: 82.5
initial stop-loss--: NONE, orange juice is soo cheap already, i don't believe it can fall much bellow 80 cents, so let's try my luck without stop limit this time (btw, this position is small enough, it shouldn't hurt my portfolio too much if i'm wrong :o) ... ... must always be filled :-)
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is orange juice so unbelievable cheap :-)
lessons learned:


WHY COMMODITIES? in my opinion are the most commodities (oil, natural gas, silver, wheat, coffee, cocoa, orange juice, zinc, lead, copper, platinum, palladium, ....) so unbelievable cheap that i would like to enter all these positions immediately + wait & struggle few more days till the bottom is over. IMHO it is really just question of few days/weeks! well, there is not enough capital coverage on my trading account for this aggressive kind of trading :o(. folks, it would maybe be aggressive, but not really dangerous as the current prices are very, very low! in the most commodity markets we are not far away from the 'naked' production costs of these commodities and some companies already reduced (or even stopped!) their production as it makes no sense to sell products at these low levels ...


btw, why does my trading platform NOT ACCEPT a stop limit order ('good till cancelled') for my coffee position? should i wait in front of my PC until the markets opens in the morning? what's wrong with the cmc-markets trading software or with their ordering in general?
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