Thursday, January 8, 2009

peak oil? silver & gas stopped out ... small profits achieved :o)

... small profits achieved :o) ...

item--------------: silver
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 01/05/2008, 15:32
entry price-------: 10.83
initial stop loss--: none
new stop-loss----: 10.84 >> 11.06
exit date---------: 01/07/2008, 15:36
exit price---------: 11.06
profit (loss) in %-: 2.12%
profit (loss)------: $ 23
reason why + strategy: silver is in my opinion so unbelievable cheap! and the financial crisis is out there! damned hell, do i really need some other reason for that trade? no, i do not! let's bet some money on my opinion, ok? folks, i would like to hold this position much, much, much longer. how long? at least till silver reaches its 2008's temporary high @ 21 dollars, that would mean a profit of about 1,000 bucks on that single position! well, my current account size is much too small to risk a (possible!) temporary decrease in silver price, especially because the usd is strengthening a little bit against its small dirty paper buddy €uro recently. how low could the (comex) paper silver price fall? IMHO e.g. to the november/december lows, that would mean a loss of about 200 dollars for my account which is too much considering that my overall account balance is just $630.
lessons learned: ... even if the silver price fell to 10.77 after my stop-loss-event and after that it continued to climb higher (temp. highs on 01/08/2008 = $11.57 & on 01/09/2008 = $11.59), nevertheless let's ALWAYS use stop limits


item--------------: natural gas
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 12/22/2008, 11:32
entry price-------: 5.25
initial stop loss--: ? (i can't remember anymore :-)
new stop-loss----: 5.66
exit date---------: 01/08/2008, 15:30
exit price---------: 5.66
profit (loss) in %-: 7.81%
profit (loss)------: $41
reason why + strategy: natural gas is in my opinion so unbelievable cheap! and the cold winter months are already here! and russia stopped its gas delivery to many european countries as it cannot find an agreement with ukraine (about the pipeline commissions? +) about the gas price for ukraine's consumers. damned hell, do i really need some other reason for that trade? no, i do not! let's bet some money on my opinion, ok? my stop loss limit should protect my remaining capital if i'm wrong :o). in this case i'm probably right as the price reached already the 6.22 level and it will most likely continue to climb higher, but today it fell down again as also oil corrected heavily :o(. well, i still have an additional open gas contract (bought on sylvester 12/31/2008, 18:32 @ $5.54)
lessons learned: ... let's ALWAYS use stop limits, in these crazy markets is every paper price for a commodity possible! imagine, today fell oil to $39.36. folks, it is crazy as the existing oil fields are drying-out (peak oil!) + there are no significant new oil discoveries being made in the whole freaking world for sooo long + the population is still rising and so is the oil & gas consumption ....
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