mr. market, pls plan your movements and fullfill your plan and pls DO NOT CHANGE YOUR MIND LIKE A GIRL CHANGES CLOTHES!
(i've stolen that line from katy parry's song hot n cold BUT i didn't steal the next line 'you PMS like a bitch, i would know'! why not? otherwise i had to start calling mr. market old lady bitch instead, this evil dirty ms. stock-exchange! well, i just steal from the best :-)
just a small example of today's moves of mr. market:
silver in the early morning: 11.70
silver in the early afternoon: 10.54 (folks, it is UNBELIEVABLE -9.91%)
silver in the late evening: 11.25 (it is 6.74% higher again!)
well, my silver long position was stopped out at 10.88 with profit of 1 usd (it is really just one usd). it is somehow pitty as there was already a theoretical profit of $83 in the early morning hours. well, that's trading, that's life ... few hours later i have opened a new position @ 10.83 after i've got a feeling that the bottom was behind us and the recovery is strong enough to proceed further :o)
btw, one of the reasons for that crazy drop in silver price was the much stronger usd (compared to its small corrupt paper buddy €uro), but don't worry, the coffee market acted nearly the same way:
my long position stopped out: 106.3 (=> loss of $20)
low: 105.9 (hell, that's pretty close to my stop limit, isn't it?)
my re-entry: 107.3 (incl. spread + broker's commission)
close: 108.5 (=> current fictitious profit of $12)
what was my result of the trading day today? my broker's software tells me that thx to natural gas + sugar i've made €25.04 ($34.09). better than nothing, isn't it? before i left my trading platform for cinema my account balance was -50€. then i've watched with my fantastic wife the highly interesting but sad movie AUSTRALIA about the poor aboriginies in the WWII era.
... hmmmmmm, u would like to know why did i mention my wife is so fantastic, wouldn't u? well, there are more reasons and at least one of them is trading related => she doesn't complain too much about all that money i've lost on trading/investing in 2008 and she also agreed on investing additional €12,824 in precious metals stocks in the last few weeks [~approx. $17,000]. isn't she great? well, she is :-)