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
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