bad day

folks, that was a bad day for me ;o((

my trades: 1 x sugar, 2 x coffee, 14 x DJIA => overall loss of the day about € 130 (closed + open positions)

item--------------: coffee >> position closed
units--------------: 1
order type--------: limit (buy) / limit (sell)
trade type--------: long
entry date--------: 10/15/2008, 19:51
entry price-------: 112.9 cents
initial stop-loss--: 107.9 ... ... ... this field must never be empty :-)
new stop-loss----: 108.8 > 113.0
exit date---------: 10/22/2008, 08:42
exit price---------: 113.0
profit (loss) in %-:
profit (loss)------: 0.1 => $ 10
reason why + strategy: in my opinion is coffee so unbelievable cheap that i will bet on its price recovery! coffee crashed today together with stocks and the most other commodities (margin calls @ overleveraged hedge funds?), so i've pick it up at a much lower level (bottom picking!) and now i do hope it will hold on and rise to 160 cents till the mid-winter :o)
lessons re-learned: the price rose to 117, then it fell again and for some reason much deeper as i would expect. folks, i did not think it will fall so deep ...


item--------------: coffee
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 10/22/2008, 18:59
entry price-------: 112.7 cents
initial stop-loss--: 108.7 ... ... ... this field must never be empty :-)
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is coffee so unbelievable cheap that i will bet on its price recovery! coffee crashed today together with stocks and the most other commodities (margin calls @ overleveraged hedge funds?), so i've pick it up at a much lower level (bottom picking!) and now i do hope it will hold on and rise to 160 cents till the mid-winter :o)
lessons re-learned: the price can fell much deeper as i would expect. folks, i did not think it will fall so deep and allow me this cheap entry ...


item--------------: sugar >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 10/20/2008, 18:10
entry price-------: 11.52 cents
initial stop-loss--: 11.11 ... ... ... this field must never be empty :-)
new stop-loss----:
exit date---------: 10/22/2008, 08:01
exit price---------: 11.11
profit (loss) in %-: 3.7%
profit (loss)------: 0.41 => ($41)
reason why + strategy: in my opinion is sugar quite cheap and i will bet on its price recovery!
lessons re-learned: the price fell together with the most other commodities as usd rallied again against other currencies (eur, yen, ...) => stop level reached => my opinion was wrong => ok, that's trading


14 x DJIA trades => just small wins and losses per trade (between plus $9 and minus $30), no luck to catch some big move today => overall loss about €98 => that's trading, thats ok