Tuesday, September 30, 2008

current account size: 655 €

  • i won 120 euros in september [more precise: since i've started to write that blog (~trading journal) on 09/12/2008]
  • the highest account size was about 985 euros before i've started to trade the late recovery of DJIA on 09/22/2008
  • the lowest account size was probably yesterday before i won 150 euros trading the late recovery of DJIA again :o)

current positions: 1 tecdax, 1 toronto60, 1 silver, 2 orange juice, 2 natural gas, 1 coffee

further (short-term) strategy: to try to place some clever stop-loss-limits in these soooo volatile markets! unfortunately, as for now are all positions sooooo cheap that i would prefer to increase my positions instead of selling anything at these low levels ;o(((. but my still so undercapitalized account doesn't really allow me to hold all of these positions as already a quite small price movement could cause margin calls and a (temporary:) break in my trading efforts ... therfore let's hope that this strong recovery from yesterday's crash (in stocks and commodities) will continue also tomorrow and i can place some stop-loss-orders at least for one of my gas + orange juice contracts and maybe also for both stock indices :o))

what a bombastic (or just lucky?) market forecast yesterday :o)

well, this time (= yesterday + today) was my opinion about the market behaviour correct :o). i thought that in the morning there will be some additional selling, but the european stocks started directly their run upstairs. but why in the hell fell silver -9%? thank goodness, i had a stop-loss-limit at least for one half of my silver positions, so i didn't take the whole punch today! gold -4%, platinum -7%, led -6%, zinc -4%, ....??? is the whole financial crisis which was sooooo overwhelming yesterday forgotten? are there no problems or risks anymore? is the us economy soooooo healthy that the usd 'should' move huge 2% against the eur in just 1 day? well, i have to repeat myself, but it is still as true as yesterday: in the short run are the fundamentals meaningless ;((

my general market commentary on yesterday's CRASH (black monday:) see here: http://jarogruber.blogspot.com/2008/09/crazy-monday.html, bellow are my trades for the last 2 days:


item--------------: tecdax30
units--------------: 1
order type--------: limit
trade type--------: long
entry date--------: 09/29/2008, 12:58
entry price-------: 699
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit / loss in %-:
profit / loss------:
reason why + strategy: well, i had an long time limit order in the market. i didn't believe anymore that it could be filled as the german technology stocks index quotet already @ 750 euros. later in the evening fell the index price to unbelievable € 640, a daily loss of more than 7% (it's nothing compared to nasdaq100's -10%, isn't it?)


item--------------: silver >> position closed
units--------------: 1
order type--------: market buy / limit sell
trade type--------: long
entry date--------: 09/29/2008, 14:50
entry price-------: 13.04
initial stop-loss--: 12.60
new stop-loss----:
exit date---------: 09/30/2008, 13:38
exit price---------: 12.60
profit / loss in %-: -3.37%
profit / loss------: 0.44 => -44 usd
reason why + strategy: i've decided to buy silver @13.04 after i could recognize that the sell-off in gold + silver (probably) ended as there was a strong price increase. the price went up to 13.80 and i didn't sell because of strong fundamentals of the whole precious metals market in the epicentre of HUUUUUGE financial crisis as the u.s. congress denied the proposed bailout fund with a volume of $700 billion ....
lessons learned: even if the fundamentals are completely on my side, a stop-loss-limit in the market had saved my trading capital (silver fell furher to 11.75, a loss of 9% in 1 day. it's perverse, isn't it?)


item--------------: toronto60
units--------------: 1
order type--------: limit
trade type--------: long
entry date--------: 09/29/2008, 15:15
entry price-------: 699.9
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit / loss in %-:
profit / loss------:
reason why + strategy: well, i had an long time limit order in the market. i didn't believe anymore that it could be filled as the canadian stocks index quotet already @ 765 CAD two days before. later in the evening fell the index price to unbelievable 666 CAD.


item--------------: DJIA >> position closed, #1
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 09/29/2008, 20:30
entry price-------: 10.433
initial stop-loss--: ?
new stop-loss----: 10.555
exit date---------: 09/29/2008, 20:47:00
exit price---------: 10.555
profit / loss in %-: 1.17%
profit / loss-------: $ 122
reason why + strategy: trying to trade the late recovery of DJIA which is probably caused by massive buying through the plunge protection team (PPT). well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: nice trade; a clever AND FAST placement of initial stop-loss-limit as the DJIA moved so fast in one direction or another; later i should probably move the new stop limit some 25-35 points higher as the index fell from its temporary high about 50 points till it hit my stop order; ... but i'm satisfied with the trade and this experience


item--------------: DJIA >> position closed, #2
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 09/29/2008, 20:35
entry price-------: 10.470
initial stop-loss--: 10.451
new stop-loss----: 10.540
exit date---------: 09/29/2008, 20:47:33
exit price---------: 10.540
profit / loss in %-: 0.67 %
profit / loss-------: $ 70
reason why + strategy: trying to trade the late recovery of DJIA which is probably caused by massive buying through the plunge protection team (PPT). well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: nice trade; a clever AND FAST placement of initial stop-loss-limit as the DJIA moved so fast in one direction or another; later i should probably move the new stop limit some 25-35 points higher as the index fell from its temporary high about 65 points till it hit my stop order; ... but i'm satisfied with the trade and this experience


item--------------: DJIA >> position closed, #3
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 09/29/2008, 20:48
entry price-------: 10.525
initial stop-loss--:
new stop-loss----: 10.526
exit date---------: 09/29/2008, 20:50
exit price---------: 10.526
profit / loss in %-: 0.0095 %
profit / loss-------: $ 1 (what a gain, isn't?)
reason why + strategy: trying to trade the late recovery of DJIA which is probably caused by massive buying through the plunge protection team (PPT). well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: nice trade; a clever AND FAST placement of initial stop-loss-limit; no great move this time; i'm satisfied with the trade and this experience


item--------------: DJIA >> position closed, #4
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 09/29/2008, 20:54
entry price-------: 10.528
initial stop-loss--:
new stop-loss----: 10.548
exit date---------: 09/29/2008, 20:56
exit price---------: 10.548
profit / loss in %-: 0.19%
profit / loss-------: $ 20
reason why + strategy: trying to trade the late recovery of DJIA which is probably caused by massive buying through the plunge protection team (PPT). well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: nice trade; a clever AND FAST placement of initial stop-loss-limit; no great move this time; i'm satisfied with the trade and this experience


item--------------: DJIA >> position closed, #5
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 09/29/2008, 20:58
entry price-------: 10.553
initial stop-loss--: 10.533
new stop-loss----:
exit date---------: 09/29/2008, 21:01:10
exit price---------: 10.533
profit (loss) in %-: (0.19%)
profit (loss)-------: ($20)
reason why + strategy: trying to trade the late recovery of DJIA which is probably caused by massive buying through the plunge protection team (PPT). well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: nice trade; a clever AND FAST placement of initial stop-loss-limit; no great move this time; i'm satisfied with the trade and this experience even if that was a losing trade


item--------------: DJIA >> position closed, #6
units--------------: 1
order type--------: market (sell) / MARKET (buying of 2 contracts and thus switching my position to long)
trade type--------: short
entry date--------: 09/29/2008, 21:01:48
entry price-------: 10.517
initial stop-loss--:
new stop-loss----:
exit date---------: 09/29/2008, 21:02:03
exit price---------: 10.534
profit (loss) in %-: (0.16%)
profit (loss)-------: ($17)
reason why + strategy: i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: a bad trade; i was TOO SLOW to place an initial stop-loss-limit; than i was TOO SLOW TO CLOSE a losing position. than i was TOO UNPREPARED to switch it immediately and lost some of my former profits because of these mantioned handling difficulties ... i'm satisfied with the trade because of the experience made even if that was a losing trade


item--------------: DJIA >> position closed, #7
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 09/29/2008, 21:02:03
entry price-------: 10.534
initial stop-loss--: 10.494
new stop-loss----:
exit date---------: 09/29/2008, 21:03:37
exit price---------: 10.494
profit (loss) in %-: (0.38%)
profit (loss)-------: ($40)
reason why + strategy: well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: a bad trade; i was probably TOO HYPNOTIZED TO THINK CLEARLY ENOUGH, but at least i could place a stop-loss-limit fast enough to cut my losses. probably i should better wait for a really good trading opportunity instead of jumping into the market like a crazy gambler....


item--------------: DJIA >> position closed, #8
units--------------: 1
order type--------: market (sell) / stop (buy)
trade type--------: short
entry date--------: 09/29/2008, 21:05
entry price-------: 10.454
initial stop-loss--: ?
new stop-loss----: 10.453
exit date---------: 09/29/2008, 21:12
exit price---------: 10.453
profit / loss in %-:
profit / loss-------: $ 1
reason why + strategy: i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: nice trade; a clever AND FAST placement of initial stop-loss-limit; no great move this time; i'm satisfied with the trade and this experience and reward of 1 usd :o)


item--------------: DJIA >> position closed, #9
units--------------: 1
order type--------: market (buy) / MARKET (sell)
trade type--------: long
entry date--------: 09/29/2008, 21:13:08
entry price-------: 10.461
initial stop-loss--:
new stop-loss----:
exit date---------: 09/29/2008, 21:14:51
exit price---------: 10.442
profit (loss) in %-: (0.18%)
profit (loss)-------: ($19)
reason why + strategy: well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: a bad trade; i was probably TOO HYPNOTIZED TO THINK CLEARLY ENOUGH, i even COULDN'T PLACE a stop-loss-limit fast enough to cut my losses. probably i should better quit my trading earlier OR wait for a really good trading opportunity instead of jumping into the market like a crazy gambler OR both !!!


-----------------
next day, 09/30/2008, note the number of trades :o)
-----------------

item--------------: DJIA >> position closed, #1 (= just one :)
units--------------: 1
order type--------: market (sell) / MARKET (buy)
trade type--------: short
entry date--------: 09/29/2008, 20:16:20
entry price-------: 10.712
initial stop-loss--: none ;-(
new stop-loss----: none ;-(
exit date---------: 09/29/2008, 20:16:56
exit price---------: 10.723
profit (loss) in %-: (0.10%)
profit (loss)-------: ($11)
reason why + strategy: well, i was trying to pick-up some bigger movements in DJIA and hoped for one great hit :o)
lessons learned: a good learning example! well, i was TOO SLOW to place an initial stop-loss-limit; no great move this time; at least i could CLOSE a losing position pretty fast and didn't continue trading as i didn't expect any big movements as the DJIA moved up pretty continuously 4.68% today, so i didn't expect any overreaction to the end of the trading session or any big profit-taking sell orders ... folks, what do you think: is that behavior already a result of my 'lessons learned' from yesterday's DJIA trades or just a coincidence of destiny ;-))

crazy monday! in my opinion was mr. crash out there TODAY (the final sell-off?) and the markets could start their slow recovery tomorrow :o))

oh, my god! what's a day on the financial markets today!

after the announced bailout for financial institutions on the weekend (volume $700 billion) reacted the markets like crazy. they liked that huge bailout. gold + silver fell sharply, in that time have been the european stock markets in low negative numbers (max. for small cap stocks -3%), usd rose against eur like if there were no dollars tomorrow (+1.44%) ... but why? supply of dollars was increased significantly AND the dollar didn't fell like a stone from the currency heaven? ... unfortunately, in the short term are the fundamentals meaningless :-)). that's trading, that's life! btw, all commodities were hit hardly: oil -5%, corn -6%, silver -3%, lead -7%., ... why?

in the late market hours decided the u.s. congress not to accept the proposed bailout solution and then was mr. crash out there: DJIA fell more than 500 points (from nearly 11.000 to 10.397), all other indices didn't wait too long and started their own crash! the dow fell 777 points – its worse day ever! for the S&P, it was the worse day since ’87 => DJIA -6.98%, S&P500 -8.79%, nasdaq100 -10.52%,). all of them 'led' by financial institutions (wachovia -81.8%, sovereign bancorp -72.16%, national city corp -63.34%, fifth third bancorp -43.63%, ... and there was just 1 (= ONE) company in S&P500 with positive result: Campbell Soup Co. +0.32% btw, are u hungry? what's about a soup?)

what about my own trading? i had 2 limit orders in the market and bought the german technology index at 699 euros (at that time about -3%), toronto60 @ 699.9 cad. later i've decided to buy silver @ 13.04 after i could recognize that the sell-off in gold + silver probably) ended as there was a strong price increase. after dinner in the city with a former colleague of mine i couldn't believe my eyes: all these red colors and double digit losses ...

my trading account lost 'just' 150 euros, than i started to trade the late recovery of DJIA and won about 150 euros :-). after that i continued to trade DJIA and lost about 60 euros. i will post all the details about my 20 trades tomorrow, PROMISED :o)

Sunday, September 28, 2008

website redesign :o)

folks, don't worry, i'm just playing with the allowed layouts, graphical options, graphical elements, blocks etc. i've also added few google advertising blocks to earn some money :o), but maybe i will delete them again if they will disturb my page :o). well, i will also experiment a little bit with gadgets, but for now i will leave just the 'picture of the day' by national geographic magazine ... btw, how do u like that pictures? i love them and i wish to visit all these nice places myself! so let's earn some money with trading and then travel around the world :o)

p.s. i still plan to add a list of my favorite books about trading, investing, behavioral finance etc. here but didn't find out the proper way to place it yet ....

please do not forget to remind me that my trading journal and exchange of trading wisdom is still the main goal of this website and that i shouldn't OVERLOAD it with gadgets, pictures, advertising, ... :o)

10/05/2008, two new funny gadgets added + 1 advertising block removed:
a) the quotation of the day
b) translator (for my german readers who would like to look-up some strange words and confuse sentences and who still hope, that if they translate some parts of this intellectual garbage it will make any sense. do not hope, it will not :o))

Saturday, September 27, 2008

plunge protection team (PPT)

folks, i've missed to trade the late recovery of DJIA on friday :O((. why? i came back home from sports, turned the PC on, started my trading platform and saw that a huge DJIA increase has started just 5-10 minutes earlier :o((. after an increase of 100 point there was not a good risk-reward-ratio anymore so i didn't trade. well, the index moved up another 60 points as there would be no trading on monday, but it doesn't matter. how obvious are the actions of the plunge protection team (PPT)? it is unbelievable what a strong buying happens in the last 1 hour of trading! there was sooooo much opportunity to buy all these stocks during the day @ much, much lower levels! but that massive buying short before the weekend? do they have no fear that on the weekend happens something very, very ugly and the stock markets opens with a huge gap down? do they have no fear to lose that money? btw, see my posting from 09/22/2008 to read my opinion about the origin of the money involved :o)). well, i believe that THE ONLY GOAL IS to move the DJIA (at any price!) a significant portion higher to signalize the crowd that there is everything right in the financial markets ... a fool who believes that!

Friday, September 26, 2008

gold bugs club, orange juice

folks, i've met few like-minded folks at the meeting of germany's gold bugs club DEG http://www.edelmetallgesellschaft.de/ in munich where we spoke about financial system, inflation, money from thin air (bernanke's + paulson's rescue programs), metals, manipulated markets .... so there was not much trading today :o). just my orange juice buy order get filled. i'm so afraid that my sugar buy order (@ 11.71) which was so close to the market prices 2 days ago (i've placed it after returning home from my office but the market was already closed :o) will probably not be filled as the sugar price rallied 2 consecutive days and quotes now @ 13.02)

item--------------: orange juice
units--------------: 1
order type--------: limit
trade type--------: long
entry date--------: 09/25/2008, 15:03
entry price-------: 92.2
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: well, in my opinion is mr. market trying to build a bottom in the orange juice price. let's bet on that!

Wednesday, September 24, 2008

DJIA, natural gas, PATIENCE

item--------------: natural gas
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 09/24/2008, 11:57
entry price-------: 8.09
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: well, i had an order @ 6.96 which wasn't filled for few days, oil was rising strongly, natural gas also 2 days in a row. well, i've thought that the winter-rally in natural gas just started and didn't like to miss to increase my planned position at these still quite cheap levels... therefore i've decided to buy 1 contract 'market' before the opening in usa. wooop, after climbing to 8.19 fell the gas price nearly 7% to the market low @ 7.63 ==>
==> lessons learned: PATIENCE, PATIENCE, PATIENCE, especially when i have already a (small) position in the market!

item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/24/2008, 20:59
entry price-------: 10.809
initial stop-loss--:
new stop-loss----: 10.843
exit date---------: 09/24/2008, 21:04
exit price---------: 10.843
profit (loss) in %-: 0.313%
profit (loss)------: $34
reason why + strategy: trying to trade the often seen late increase of DJIA after market close and (probably) a switch of the quotes to DJIA-future prices
lessons learned: well done! my 'lessons learned' in my very last DJIA trade 2 days ago seem to work! i will watch that phenomenon in the upcoming days and try to develop a strategy which could earn some easy money with small risk (remeber: DO NOT OVERLEVERAGE that position as there could also be a sharp price decline after the regular market close for whatever reason :-)

silver

item--------------: silver >> position closed
units--------------: 1
order type--------: limit
trade type--------: long
entry date--------: 09/22/2008, 18:28
entry price-------: 13.53
initial stop-loss--: 13.33
new stop-loss----:
exit date---------: 09/23/2008, 07:32
exit price---------: 13.33
profit (loss) in %-: (1.45%)
profit (loss)------: (0.20) => (20 usd)
reason why + strategy: i did recognize a flag chart pattern again, so i decided to open a new position. after my entry i've put a proper stop-loss-limit below the flag. the falling usd against euro and raising gold also 'supported' my decision. after that could the silver price increase a little to 13.63, but not enough to really allow me to move my exit point above my entry price.
lessons learned: good trade. my opinion was wrong (in the short run :-). my position was stopped out with small loss.

item--------------: silver >> position closed
units--------------: 1
order type--------: limit
trade type--------: long
entry date--------: 09/18/2008, 21:11
entry price-------: 12.11
initial stop-loss--:
new stop-loss----: 12.22 => 12.66 => 13.13 (09/22/2008)
exit date---------: 09/23/2008, 17:39
exit price---------: 13.13
profit (loss) in %-: 8.42 %
profit (loss)------: 1.02 => 102 usd
reason why + strategy: after selling all silver positions earlier today (= 09/18/2008, thanX goodness before the today's sell-off orgy late in the night :o) i felt so bad without any silver. at the market low 11.77 i wasn't sure the temporary sell-off was over (never catch a falling knife :), then i didn't had the needed patience to get an better filling so i removed my limit order and bought 'market' at a not very cheap point ....
lessons learned: good trade. my opinion was CORRECT, so i could move my stop-loss-levels higher and higher. position was stopped out with nice profit :-))

btw, after work i was with 2 friends in beer garden / pub today and i spent there less money than i've lost yesterday with my dow jones trades => drinking beer is a cheaper hobby than trading :o) cheers!

Monday, September 22, 2008

dow jones, plunge protection team, natural gas, silver

many trades - little result :o((. well, i have bought 1 silver + 1 gas contract, than just tried to make some profit with down jones index trades. the initial strategy was to trade the late recovery of DJIA after a very, very weak day, which is probably often caused by massive buying through the plunge protection team (PPT). btw, do you know which money do they use? government money, FED money, taxpayers money, fictitious (not actually existing!) money or a combination of all of them? however, there was no strong PPT buying today ... so i've tried to pick-up some bigger movements in DJIA and hoped for one great hit watching the screen or even leaving my trading room for a while, but that big hit didn't come today :o). even a break of the psychological border @ 11.000 points didn't last long and the index has changed its direction again .... well, i've lost 76 euros (~112 usd) by jumping in and out several times, what reduced my sooooo successful day with commodities a little (my silver, orange juice and coffee contracts won about 200 € combined).

item--------------: silver
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 09/22/2008, 18:28
entry price-------: 13.53
initial stop-loss--: 13.33
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: i did recognize a flag chart pattern again, so i decided to risk an entry a put a proper stop-loss-limit below the flag. the falling usd against euro and raising gold also 'supported' my decision. after that could the silver price increase a little to 13.63, but not enough to allow me to move my exit point above my entry price.


item--------------: natural gas
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 09/22/2008, 18:37
entry price-------: 7.63
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: well, i had an order @ 6.96 which wasn't filled today, i've missed a better entry point (because of my office job :o) in the early afternoon @7.40, so i 've opened an initial position @7.63 in the evening. i will place 2 additional buy orders @6.66 and @6.06 and thus participate in the seasonal winter rally :o))


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/22/2008, 18:59
entry price-------: 11.170
initial stop-loss--: 11.146
new stop-loss----:
exit date---------: 09/22/2008, 19:06
exit price---------: 11.146
profit (loss) in %-: (0.21%)
profit (loss)------: ($24)
reason why + strategy: trying to trade the late recovery of DJIA after a very, very weak day, which is probably caused by massive buying through the plunge protection team (PPT). later i was trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 19:24
entry price-------: 11.134
initial stop-loss--: 11.157
new stop-loss----:
exit date---------: 09/22/2008, 19:26
exit price---------: 11.157
profit (loss) in %-: (0.2%)
profit (loss)------: ($23)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/22/2008, 19:31
entry price-------: 11.180
initial stop-loss--: 11.165
new stop-loss----:
exit date---------: 09/22/2008, 19:33
exit price---------: 11.165
profit (loss) in %-: (0.13%)
profit (loss)------: ($15)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/22/2008, 19:35
entry price-------: 11.175
initial stop-loss--: 11.159
new stop-loss----:
exit date---------: 09/22/2008, 19:43
exit price---------: 11.159
profit (loss) in %-: (0.14%)
profit (loss)------: ($16)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 20:25
entry price-------: 11.052
initial stop-loss--: 11.082
new stop-loss----: 11.062 (my biggest mistake today. after reaching 11.065 fell DJIA bellow 11.000 an that would more than cover all earlier losses :-()
exit date---------: 09/22/2008, 20:34
exit price---------: 11.062
profit (loss) in %-: (0.09%)
profit (loss)------: ($10)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 20:40
entry price-------: 11.041
initial stop-loss--: 11.061
new stop-loss----: 11.022 ... btw, the index was already bellow 11.000 but than recovered :o/
exit date---------: 09/22/2008, 20:51
exit price---------: 11.022
profit (loss) in %-: 0.17%
profit (loss)------: $19
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 20:55
entry price-------: 10.991
initial stop-loss--: 11.011
new stop-loss----:
exit date---------: 09/22/2008, 20:57
exit price---------: 11.011
profit (loss) in %-: (0.18%)
profit (loss)------: ($20)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 21:02
entry price-------: 10.009
initial stop-loss--: 11.011
new stop-loss----:
exit date---------: 09/22/2008, 21:06
exit price---------: 11.033
profit (loss) in %-: (0.24%)
profit (loss)------: ($24)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: after market close in usa, n the cmc-trading-platform there was (probably) a switch from DJIA prizing to DJIA-future prizing which moved the respective CFD about 20 points higher => to do: let's watch that phenomenon few times and let's try to make some profit from it e.g. let's try to buy 1 contract DJIA-CFD in the last minute of regular trading and sell the higher prized DJIA-future-CFD immediately (btw, the spread is 4 points)!

Saturday, September 20, 2008

cmc-markets, silver, toronto60

hi folks, it's saturday and the cmc trading platform accepts NO new orders ;o((. is it soooooo strange that someone (= me) did some market analysis on the weekend and now wants to place some orders? what do the guys at cmc-markets think about trading? what do they think about their own (!!!) trading software? i'm sure they have no faith in their crappy software and also no faith in their shitty market-making-prizing and THEREFORE THEY DO NOT ACCEPT any orders which are not 'checked' by some poor dealer guy in london. well, i have to call them on monday to place my orders by phone (see my lessons learned from my unlucky sugar trade on 15/09/2008) and to tell them what do i feel about their bullshit trading tool and their crazy and CUSTOMER UNFRIENDLY business model. does it make any sense to stick to that broker? not really, so let's earn few hundred euros there to reach the initial account size for abn amro's platform (1.000 euros) and switch to a more serious CFD broker :o). why not take some euros from somewhere else? well, my wife would kill me if i would plunder our 'emergency' account again :o))

[10/03/2008: folks, i had today a good experience with price quotes @cmc! i did so many DJIA trades and they have all been filled @my limit levels, even when the market moved fast and some ticks 'jumped over' my limits.... see http://jarogruber.blogspot.com/2008/10/2008-financial-crisis-not-just-subprime.html for more trading details if interested :-]

item--------------: silver
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 09/19/2008, 17:31
entry price-------: 12.45
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: first of all i owned just 1 silver cfd-contract and i still believe in a HUGE increase in commodity prices in general and WILDLY increasing silver price in particular :o)). are there any fundamental oriented traders out there? secondly, i did recognize a flag chart pattern with drastically narrow trading range after a big increase (thanX to harald weygand and his very interesting and helpful chart seminar in munich early this week :o). thirdly, my quick inter-market-correlation-check also signaled positive correlations (usd falling against the euro, gold climbing higher and higher, dow jones falling slightly but without any crazy moves...). folks, that was probably my first chart-oriented trade-entry :o)))

item___________: toronto60 >> position CLOSED
units___________: 1
order type_______: market
trade type_______: long
entry date_______: 09/18/2008, 20:17
entry price______: 736.3
initial stop-loss__:
new stop-loss____: 763.7 (on 09/19/2008)
exit date_______: 09/19/2008
exit price_______: 763.7
profit (loss) in %_: 3.7 %
profit (loss)_____: 27.4 cad
reason why + strategy: just an impulsive trade by watching the market movements (as dow jones rallied few hundred points in 30 minutes). why not buying directly DJIA instead? well, my account size is still too small and a quick market move in DJIA against my position could completely destroy my account => money management is first, execution of trading opportunities second ...
lessons learned: well done even when my very narrow stop-loss-limit caused an exit and just 0.5 points deeper started the next swing up which moved this index few point higher. but i had to leave my house for sports, so i preferred a tight stop-loss and at least now i do not have any gap down risk on monday :-)

Thursday, September 18, 2008

coffee, toronto60, silver

item__________: silver
units__________: 1
order type______: market
trade type______: long
entry date_____: 09/18/2008, 21:11
entry price_____: 12.11
initial stop-loss__:
new stop-loss___: 12.22 => 12.66 => 13.13 (09/22/2008)
exit date_______:
exit price______:
profit (loss) in %_:
profit (loss)_____:
reason why + strategy: after selling all silver positions earlier today (thanX goodness before the today's sell-off late in the night :o) i felt so bad without any silver. at the market low 11.77 i wasn't sure the temporary sell-off was over (never catch a falling knife :), then i didn't had the needed patience to get an excellent filling so i removed my limit order and bought 'market' at a not very cheap point ....

item___________: toronto60
units___________: 1
order type_______: market
trade type_______: long
entry date_______: 09/18/2008, 20:17
entry price______: 736.3
initial stop-loss__:
new stop-loss____: 763.7 (on 09/19/2008)
exit date_______:
exit price_______:
profit (loss) in %_:
profit (loss)_____:
reason why + strategy: just an impulsive trade by watching the market movements (as dow jones rallied few hundred points in 30 minutes)

item_________: silver >> position CLOSED
units_________: 1
order type_____: market
trade type______: long
entry date_____: 09/17/2008, 18:33
entry price_____: 11.80
initial stop-loss__:
new stop-loss___:
exit date______: 09/18/2008, 19:48
exit price______: 12.75
profit (loss) in %_: 8.05%
profit (loss)____: 0.95 => 95 usd
reason why + strategy: today's sell off in stocks and especially in financial sector (nasdaq100 dropped -5.31%, dow -4.08%, AIG -45.33%, morgan stanley -24.22%, wachovia -20.76%, ..., goldman sachs -13.92%, ...) and my slightly higher overall account size (because my remaining silver position increased already about +9%) allowed me to buy a 2nd silver contract at 11.80 usd. well, i could also buy it at 11.44 half an hour earlier but i just returned home from my office and preferred to have a dinner and to think about possible trades :-)). folks, even when i've entered the silver market soooo late, the price moved intraday up to 12.13 (!!). when will i sell this position? hopefully at much, much higher levels, maybe somewhere between 15 and 20 dollars :o))
lessons learned: sometimes it is profitable to liquidate a position on intuitional reason! one hour later fell silver to 11.77 and my position would lose about 100 usd and switch a winning trade into a loser :o). is there any better exit-strategy to fit that volatile markets? sure, but i have to find it! maybe i could place some new limit orders after the price reaches new highs, couldn't i? well, it will be difficult as i can't look to often at the markets at work and call my broker to reset my stop-loss or protect-profit-limits :-)

item--------------: silver >> position CLOSED
units--------------: 1
order type--------: limit
trade type--------: long
entry date--------: 09/09/2008, 15:11
entry price-------: 11.91
initial stop-loss--:
new stop-loss----:
exit date---------: 09/18/2008, 19:40
exit price---------: 12.77
profit (loss) in %-: 7.22 %
profit (loss)------: 0.86 => 86 usd
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.
lessons learned: see above + remember: as long as the winners win much more than the losers lose, it's gonna be good :o))

item___________: coffee
units___________: 1
order type_______: market
trade type_______: long
entry date_______: 09/18/2008, 15:00
entry price______: 133.9
initial stop-loss__:
new stop-loss____:
exit date_______:
exit price_______:
profit (loss) in %_:
profit (loss)_____:
reason why + strategy: i considered to jump into the market as the coffee price was near the 52 weeks lows and there is usually a strong seasonal picture moving coffee much, much higher to the end of the year ...

Wednesday, September 17, 2008

silver, toronto60, the final sell-off in stock-markets?

item__________: silver
units__________: 1
order type______: market
trade type______: long
entry date______: 09/17/2008, 18:33
entry price_____: 11.80
initial stop-loss_:
new stop-loss___:
exit date_______:
exit price_______:
profit (loss) in %_:
profit (loss)_____:
reason why + strategy: today's sell off in stocks and especially in financial sector (nasdaq100 dropped -5.31%, dow -4.08%, AIG -45.33%, morgan stanley -24.22%, wachovia -20.76%, ..., goldman sachs -13.92%, ...) and my slightly higher overall account size (because my remaining silver position increased already about +9%) allowed me to buy a 2nd silver contract at 11.80 usd. well, i could also buy it at 11.44 half an hour earlier but i just returned home from my office and preferred to have a dinner and to think about possible trades :-)). folks, even when i've entered the silver market soooo late, the price moved intraday up to 12.13 (!!). when will i sell this position? hopefully at much, much higher levels, maybe somewhere between 15 and 20 dollars :o))

item__________: toronto60 >> position CLOSED
units__________: 1
order type______: market
trade type______: long
entry date______: 09/17/2008, 19:04
entry price_____: 715.1
initial stop-loss_: 705.1
new stop-loss___: 717.1
exit date_______: 09/17/2008, 20:36
exit price_______: 720.8
profit (loss) in %_: 0.8 %
profit (loss)_____: 5.7 cad
reason why + strategy: by watching the market i had a feeling that the stocks (dow, nasdaq, dax, toronto60, ...) wanna go higher, so i've bought 1 canadian contract. later on i could place a profit securing stop-loss-order and short before market close i've sold this position as stocks (dow, nasdaq, ...) changed their temporary move up and started to plunge down ...
lessons learned: well done: small risk, small return + big fun :-)

general market considerations

folks, yesterday i have written that we shoud buy gold, silver, oil etc. instead of selling them just because of danger of margin calls in (individual) low funded accounts...
today jumped silver +13.45%, gold +10.59%, oil rose slightly, nasdaq100 dropped -5.31%, dow -4.08%, AIG -45.33%, morgan stanley -24.22%, wachovia -20.76%, ..., goldman sachs -13.92%, ... => a reason enough to move my yesterday's comment into this separate posting :o))

general market considerations: it's so pity for me and for my low funded account to see my positions stop out at soooooo low levels which - after this huge stocks and commodities correction - we will never see again (MY GUESS!). btw, yesterday fell oil more than 7%, today further 3.20%. it's more than fear from a possible recession in the usa! it's crazy, isn't it? is it because of margin calls and forced liquidation at some huge (commodity oriented) hedge funds or is there also some other reason? i bet it is not the slightly stronger usd! well, i would like to buy much more commodities at these low, low, low levels (silver, gold, sugar, natural gas, oil, sugar, ...) instead of selling them, but my small trading account doesn't allow me to do so because of low capital coverage and threatening margin calls in case of some further decline ;o(((. that's trading, that's life ...

reason why (i.e. my silver trade from yesterday + the corresponding lessons learned :-):

item__________: silver >> position closed
units__________: 1
order type______: stop
tradetype_______: long
entry date______: 09/15/2008, 14:59
entry price_____: 10.88
initial stop-loss_: 10.60
new stop-loss___:
exit date_______: 09/15/2008, 14:59
exit price_______: 10.60
profit (loss) in %_: (2.57 %)
profit (loss)_____: (0.28) => (28 usd)
lessons learned: today an almost bankruptcy of insurance AIG (american international group) with a massive decline of 21.22% (not much comparing to yesterday's -60% !!!) bringing the stock down from 75 usd early this year to 3.75 usd today. yesterday a bankruptcy of lehman brothers + emergency sell of merill lynch to bank of america (BAC) => the fiat money financial system is laying on the floor!!! on the other side the precious metals still sooo cheap and falling down further? well, that do not really make sense, but that's mr. market! what's a crazy move in silver today: it fell from 11.15 in east asia / australia to 10.65 in europe, then jumped up to 11.20 in usa (damned hell! why do i work so much in my stupid office and do not have the time to reset my stop-orders to lock-in these huge intraday profits?). later fell silver again to 10.50 (a daily loss about 5.8%). btw, gold lost just 0.4% today. ==> in the short run are the fundamentals meaningless :o((

Tuesday, September 16, 2008

orange juice, silver stopped out + general strategic considerations ;o((

item__________: orange juice >> position closed
units__________: 1
order type______: stop
trade type______: long
entry date______: 09/09/2008, 15:00
entry price______: 94.9
initial stop-loss__: 92.9
new stop-loss___:
exit date_______: 09/16/2008
exit price_______: 92.9
profit (loss) in %_: (2.1 %)
profit (loss)_____: (2.0) => (20 usd)
lessons learned: my opinion was wrong and the market fell further. trade stopped out with minimal loss. trade according to my rules :o).

item__________: silver >> position closed (this trade is listed also in a posting from 09/16/2008, see link below)
units__________: 1
order type______: stop
tradetype_______: long
entry date______: 09/15/2008, 14:59
entry price_____: 10.88
initial stop-loss_: 10.60
new stop-loss___:
exit date_______: 09/15/2008, 14:59
exit price_______: 10.60
profit (loss) in %_: (2.57 %)
profit (loss)_____: (0.22) => (22 usd)
lessons learned: today an almost bankruptcy of insurance AIG (american international group) with a massive decline of 21.22% (not much comparing to yesterday's -60% !!!, isn't it?) bringing the stock down from 75 usd early this year to 3.75 usd today. yesterday a bankruptcy of lehman brothers + emergency sell of merill lynch to bank of america (BAC) => the fiat money financial system is laying on the floor!!! on the other side the precious metals still sooo cheap and falling down further? well, that do not really make sense, but that's mr. market! what's a crazy move in silver today: it fell from 11.15 in east asia / australia to 10.65 in europe, then jumped up to 11.20 in usa (damned hell! why do i work so much in my stupid office and do not have the time to reset my stop-orders in order to lock-in these huge intraday profits?). later fell silver again to 10.50 (a daily loss about 5.8%). btw, gold had lost just 0.4% today. ==> in the short term are the fundamentals meaningless :o((

general market considerations: it's so pity for me and for my low funded account ... please follow the link: http://jarogruber.blogspot.com/2008/09/general-market-considerations.html

good luck with silver, bad luck with my broker's trading software and sugar

well, i tried to enter a profit-protecting stop-loss-limit for my sugar trade on the weekend, but my cmc-markets trading software didn't accept that order (it happens quite often @cmc when the respective market is closed, maybe because many orders (or all of them?) must be confirmed by a physical person somewhere in london ;o((. why have people invented software? maybe to automate easy processes like receiving trading orders? i don't know....
because the last price of sugar on friday was 12.43 and thus miles away from my initial stop-loss, i didn't worry much about this (at that time winning) position and planned to move my stop-loss-level higher after market close tonight. as so often in the office, i couldn't look at the markets at opening and few hours later it was too late for any rescue operation! my sugar was stopped out as the market had a huge decline (intraday -7%).

item___________: sugar >> position closed
units___________: 1
order type_______: stop
trade type_______: long
entry date_______: 09/09/2008, 14:32 (london time)
entry price______: 12.12
initial stop-loss___: 11.80
new stop-loss____:
exit date_______: 09/15/2008, 11:43
exit price_______: 11.80
profit (loss) in %_: (2.64%)
profit (loss)_____: (0.32) => (32 usd)
lessons learned: even if i have much other things to do, i should NOT forget to protect my trading capital with appropriate orders and if it is not possible to place an order automatically i have to call my broker next morning to do so .... and not allow a combination of bad luck (with cmc's software) + huge market movement (intraday -7%) to switch a winning position into a loss :o). btw, near 10.0 or bellow i would consider a re-entry again.


i had a quite good entry in silver today:

item_________: silver
units_________: 1
order type____: market
trade type_____: long
entry date_____: 09/15/2008, 14:59
entry price____: 10.88
initial stop-loss_: 10.60
new stop-loss__:
exit date______:
exit price______:
profit (loss) in %_:
profit (loss)____:
reason why + strategy: bankruptcy of lehman brothers + emergency sell of merill lynch => the fiat money financial system is laying on the floor!!! on the other side the precious metals still sooo cheap??? let's buy them!

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

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

Saturday, September 13, 2008

trading, investing, working? what will i provide/document here? why i'm doing this?

hello folks :o),

i think you have found this site because you are a trader, investor or you are interested in financial markets, stock-exchange, stocks, commodities, money, ... or all of that :-)

well, there are many ways to earn money for living - trading, investing, working as an employee, working as a freelancer, running a business, sports, arts, gambling, stealing, having a rich dad/mother, having a rich husband/wife, ... :o)). some of them are more risky than the others! and few of them will give you a chance to make a fortune, the most others probably not :-))

don't worry, i will focus just on trading here. trading belongs to the most risky 'exercises' from the list above, but few of us traders have the chance to become really wealthy, which is probably also the most important reason why we have (initially) started that business. for those of us who have developed some love+passion for the financial markets is this probably also the nicest way of earning money, isn't it?

why do i want to write this blog? first of all in order to document my own trades (= my trading journal :-), to recapitulate my trades from time to time, to recognize some patterns, to avoid some mistakes, to learn from my successful trades and help me to improve my trading results. secondly to share my experience with other traders, to provide some learning examples (not trading advice!!!), to 'meet' other traders in webspace, etc.

i intend to post only my highly leveraged CFD-trades here (=> margin trading), which are clustered in a small CFD-account. so even by losing all money in this account with my trades there is never a situation where my financial future could be hurt in any (substantial) negative way! as for me, it's more a game, passion and a learning process than anything else.

my buy-and-hold investing portfolio (running on a different trading account) which currently consists mainly of junior precious metals explorers, some silver and few (renewable!) energy stocks can be reached here (my user name is jaro and the password is secret ... folks, i.e. 'secret' :-). well, you can always visit my website www.jarogruber.de and you will find a lot of information about my investing strategy, my believes about the markets in the JIFE++ section (= jaro's intergalactic financial enterprizes) and also in my FAQs # 6, 8, 12, 17, 19. in this blog i do intend to focus on trading => welcome to jaro's intergalactic trading adventures (JITA++).

what kind of trader am i? by reviewing my recent trading results (i.e. after losing so much money in march + august 2008) i was afraid that my trading attitude has changed from 'strategic trader' like paul tudor jones (as in january 2008) to ‘compulsive gambler’ (= zwanghafter zocker) or the like, but it hasn’t :o). so, there is still some hope for my damned soul and for improvement of my trading results!!! what type of trader are you? check out (in 3-5 min) @dr. van k. tharp's website. but remember: there is no good or bad result as every trader type has some strengths and challenges, which shouldn't be ignored in our daily trading :o))

what else? well, at my homepage www.jarogruber.de you will find out a lot about me, but watch out, there is also my picture present :o). there are also my 'core' believes about the markets, inflation, commodities, gold, silver, oil, economy, nature ... especially in the FAQ section you will probably find some interesting issues :o). sometimes i do write also about politics, debts, dwindling freedom + democracy in western hemisphere, increasing regulation + control :o(. what about the socialisation of losses of fannie mae + freddie mac through us government? what about the bail-out of bear stearns + AIG? what about the prohibition of naked short selling of selected financial stocks in usa, uk, germany, ... is this still a capitalistic system or is it already 'socialism for the rich'? jim rogers gives the answer :o)




folks, do u think i'm somehow impressed & influenced by jim rogers? well, you are prolly right :-)


wanna know WHY i'm so enthusiastic about jim? well, he is both, a very competent and very pleasant fellow ... what a seldom combination! well, he explains the folks out there all this economic stuff in plain language, he doesn't care about special interest of the most powerful groups in the world like FED, governments, huuuge banks, ... and there is even so much more! if you want to, read my comments on his speech in munich / february 2008, will you?

++ if not specified differently all time quotes in 2008 are london time (= GMT) quotes because of my broker's software primary fixings (= 1st visible column in my summary window :). in 2009 i will start to post the time in munich's time zone (= GMT + 1) as it is easier 4 me to recognize the prevailing market conditions (e.g. was there a big sell-off in the last trading hour etc.);

++ if not specified differently all prices are in usd (or in cents, when the resp. future contracts quotes in cents instead of dollars); all buy and sell prices includes all commissions, spreads and broker fees; ...

++ if you have any questions, comments, ideas for improvement and the like, do not hesitate to let me know, ok? i'm looking forward to read your comments, messages, e-mails. if reasonable, i will try to respond asap :o)

so long,
j.

-------------------------------------------------------------------
Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades. (what a nice wording, isn't it? thanX to dave, thanX to informedtrades.com :-)

hello world :o))

... just starting :-))

eof