item--------------: silver
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 03/13/2009, 17:14
entry price-------: $13.22
initial stop loss--: $12.77
new stop-loss----:
exit date---------: 03/16/2009, 14:44
exit price---------: $12.77
profit (loss) in %-: (3.4%)
profit (loss)------: ($45)
reason why + strategy: silver is in my opinion so 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! folks, i would like to hold this position very, very, very long. how long? at least till silver reaches its 2008's temporary high @ 21 dollars, that would mean a profit of about 800 bucks on that single position! well, my current account size is too small to risk a (possible!) temporary decrease in silver price, especially because the usd could strengthen against its small dirty paper buddy €uro. how low could the (comex) paper silver price fall? IMHO e.g. to the november/december lows bellow $9. that would mean a loss of about $500 for my account which is too much considering that my overall account balance is just $2,000.
lessons learned: ... even if the silver price fell just $0.02 bellow my limit and climbed up again, let's ALWAYS use stop limits :o)
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 03/13/2009, 17:14
entry price-------: $13.22
initial stop loss--: $12.77
new stop-loss----:
exit date---------: 03/16/2009, 14:44
exit price---------: $12.77
profit (loss) in %-: (3.4%)
profit (loss)------: ($45)
reason why + strategy: silver is in my opinion so 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! folks, i would like to hold this position very, very, very long. how long? at least till silver reaches its 2008's temporary high @ 21 dollars, that would mean a profit of about 800 bucks on that single position! well, my current account size is too small to risk a (possible!) temporary decrease in silver price, especially because the usd could strengthen against its small dirty paper buddy €uro. how low could the (comex) paper silver price fall? IMHO e.g. to the november/december lows bellow $9. that would mean a loss of about $500 for my account which is too much considering that my overall account balance is just $2,000.
lessons learned: ... even if the silver price fell just $0.02 bellow my limit and climbed up again, let's ALWAYS use stop limits :o)
- 03/19/2009:
thx goodness i've opened a new long silver position yesterday .... well, it was late in the evening after i've returned from my office job and after silver rallied 4%, but today rallied silver additional 5%. yabbadabbadooo !!!
7 comments:
Hi, i just found your blog and i really like it, very interesting.i think gold its good investment these day. Nurul
hey jaro,
schau dir mal das an: http://seekingalpha.com/article/126402-zinc-producer-horsehead-appears-very-undervalued?source=article_sb_picks
heyy folks,
thx goodness i've opened a new long silver position yesterday .... well, it was late in the evening after i've returned from my office job and after silver rallied 4%, but today rallied silver additional 5% :o)
yabbadabbadooo!
j,
hi valentin,
ich habe den artikel überflogen, es sah für mich aber eher nach werbung aus als nach einer seriösen analyse, sogar der firmenname war irgendwie komisch :-). aber vielleicht täuscht mich mein bauchgefühl ...
ich habe schon paar verdammt abgestürzte zinkwerte: scorpio mining, acadian mining, aquila resources und etwas zink haben sicherlich auch noch die großen xstrata, bhp, rio tinto, ....
ich schaue mir am wochenende lieber diese getränke-leute aus deinem portfolio an (hansen)
lg,
j.
ja wer weiß, vielleicht hast du recht...mit so analysen sollte man immer sehr sehr vorsichtig umgehen!
was ich auch noch interessant finde ist folgendes unternehmen: Deckers Outdoor(innovativ, gute wachstumszahlen, und günstig bewertet)
hey jaro, ich hab mir gerade Gold Corp. genauer angeschaut. weisst du was mich wundert: warum geht es dem unternehmen nicht vviiieel besser (haben so wie ich das sehe ziemliche cash probleme ect.), weil ja der goldkurs schon bei fast 1000 $ steht!?
lg und schönen sonntag
hi valentin,
goldcorp? es ist doch alles klar bei denen und der kurs in der nähe des all-time-high, oder? ... goldcorp ist ist, soviel ich weiß, der gr0ßproduzent mit den niedrigsten cashkosten pro unze ...
ps: ich glaube, ich bin doch eher ein micro-cap investor! ich war heute bei einer firmenpräsentation von meinem portfoliowert u. tantal-explorer commerce res., jetzt werde ich die paar verbliebenen investment-€uros vermutlich statt irgendwelcher blue chips doch lieber in eine kombination aus zimtu capital, commerce resources, evolving gold, western potash, tripledragon stecken ;o)
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