folks, i had to add some money (€ 276) again after i've got about 50 margin calls a week ago (i.e. 1 per hour :). as i didn't respond and didn't throw additional money into the 'fire', my broker liquidated my positions after the minimum margin level was broken down (THAT'S CORRECT :-). what does it mean? well, my overall 'investment' into this trading adventure (or my personal market study + the study of my soul?) since the beginning in march 2007 reached € 3,003. what a nice number, isn't it?
current positions:
item--------------: natural gas
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 11/25/2008, 12:33
entry price-------: 6.73
initial stop loss--: NONE, gas is soooo cheap already, i don't believe it can fall much bellow $6, so let's try my luck without stop limit this time. btw, this position is small enough, it shouldn't hurt my portfolio too much if i'm wrong :o). initial stop loss should always be filled, but let's tell that the (larry williams') 60-tonnes-lorry-event today :-)
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is natural gas so unbelievable cheap that i will enter this position immediately, even if oil is still damned cheap and €uro still weak compared to usd
lessons learned:
item--------------: orange juice
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 11/25/2008, 15:07
entry price-------: 77.3
initial stop loss--: NONE ... ;o( ...
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is orange juice so unbelievable cheap, let's take a bet on its recovery :o)
lessons learned:
item--------------: coffee
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 11/25/2008, 10:06
entry price-------: 114.3
initial stop loss--: NONE ... ;o( ...
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is orange juice so unbelievable cheap, let's take a bet on its recovery :o)
lessons learned:
item--------------: sugar
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 11/25/2008, 10:05
entry price-------: 11.74
initial stop loss--: NONE ... ;o( ...
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is orange juice so unbelievable cheap, let's take a bet on its recovery :o)
lessons learned:
item--------------: toronto60
units--------------: 1
order type--------: market (buy)
trade type--------: long
entry date--------: 11/25/2008, 10:05
entry price-------: 522.4
initial stop loss--: NONE ... ;o( ...
new stop-loss----: 548.0 (i.e. 3% bellow currents price:)
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: in my opinion is this canadian stock index so unbelievable cheap and full of commodity companies, so let's take a bet on its recovery :o)
lessons learned:
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