Monday, January 12, 2009

sugar + coffee stopped out ... next crashy monday

folks, the 2008's tradition for crashy mondays seems to continue also in 2009 => ???

well, we are in the epicentre of a huuuuuge financial crisis (and especially a huuuuge fiat money crisis), but look at commodities today:

  • oil -5.32%
  • silver -6.79%
  • gold -4.08%
... is it just sick or are the actors at the u.s. futures markets ('paper commodities') playing a strange monopoly game? let's look tomorrow at the physical gold/silver markets if there will some dealer sell any real commodities at these low, low, low price levels :o). if yes, buy as much as you can afford, these prices will IMHO not last too long! maybe are the next few weeks the last chance in our lives where we can buy gold, silver, oil, natural gas etc. sooooo cheap!
btw, i bet the physical gold/silver will be EITHER much more expensive OR not available at all OR both!


sugar + coffee stopped out ... small profits anyway :o))

item--------------: sugar
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 12/22/2008, 09:36
entry price-------: 10.97
initial stop loss--: ???
new stop-loss----: 11.06 >> 11.55
exit date---------: 01/12/2008, 19:13
exit price---------: 11.55
profit (loss) in %-: 5.29%
profit (loss)------: $ 58
reason why + strategy: sugar is like the most other commodities in my opinion soooo 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?
lessons learned: ... position stopped out on a huge commodity & stock market sell-off, the bottom wasn't far away from my stop-limit. 3 days later came the price even back to its former level ... nevertheless let's ALWAYS use stop limits


item--------------: coffee
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 01/05/2008, 15:34
entry price-------: 107.4
initial stop loss--: ???
new stop-loss----: 108.2 >> 109.3 >> 111.1 >> 115.2 (pretty close to current price (just ~ 2.5% bellow) as the fear in the markets was overwhelming these days. so i didn't like to lose all my profits because of some stupid sellers who sell their futures at every price, doesn't matter how low!
exit date---------: 01/12/2008, 19:24
exit price---------: 115.2
profit (loss) in %-: 7.26%
profit (loss)------: $ 78 => pretty nice run, isn't it?
reason why + strategy: the coffee market is not much different from the sugar market! coffee is like the most other commodities in my opinion soooo 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?
lessons learned: ... position stopped out on a huge commodity & stock market sell-off, the bottom wasn't far away from my stop-limit. 3 days later came the price even back to its former level ... nevertheless let's ALWAYS use stop limits
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