current account size: 125 €

folks, i'm waiting for an answer to my compliance @ cmc-markets concerning wrong liquidation of orange juice last friday and also for 'arrival' of €303 on my account (today? on monday?). that will increase my all time 'investment' in CFDs to 2525 €uros ...

open positions: none

lessons learned: with such low trading budget like mine it is very, very difficult to try things out (e.g. trading the late movements in DJIA in tick-chart window), because even when the profits/losses through changing luck are not high, unfortunately even a small draw-down of €200 caused the liquidation of my commodity positions at multi-year-lows ;o(( ... silver, natural gas, orange juice, coffee => let's try to 'find' at least 700 - 1,000 additional €uros for this day-trading experiment and hold just few commodity positions till then.

crazy german folks!

i live among a hoard of brain-death morons! just look @ today's stock market data (dax30):

Allianz +26,24%
METRO +24,50%
Siemens +24,07%
Daimler +21,45%
E.ON . +19,88%
... 23 additional stocks ...
FMC Fresenius +2,74%
Volkswagen -45,29%

what does it mean for the dax30? well, if 29 out of 30 companies made such huge gains today, that means that ... yep, you are right! it is -0,31% today!!!

folks! help, help, help and take me out here :o))

no comments

crazy markets:

DAX ............. 4.823,45 +11,28%
Euro Stoxx 50 . 2.381,68 +3,87%
Dow Jones ..... 9.065,12 +10,88%
S&P 500 ......... 940,51 +10,79%
NASDAQ 100 .. 1.297,57 +10,92%
Nikkei 225 .... 7.621,92 +6,41%

btw, the worst DJIA stock rose more than 6%. all gains appeared in the last 3 hours.

next crash(y) monday + short-squeeze @ volkswagen

folks, it's unbelievable. it's the next crashy october monday, already the 3rd!!! but not for volkswagen :o). almost everything went down: nikkei -6%; dax -4% => look at the top dax sub-window, here is the second BEST (!) stock losing more than 7% in the early morning; silver -6%; gold -3%, just VW didn't! the poor VW-short-sellers :o(. after 5 lucky days for them such a mess today (esp. a 70% gap up!)

next crash monday (market view)

volkswagen (VW) was back on planet earth last week ... and is in the stock heaven again :o)) => update on last week's post:
as the stock markets stabilized a little and there are not many margin calls in the books of speculators like me (or some heavily capitalized hedge funds :-), these evil guys can hold and increase their VW shorts and bring its share price back to a more realistic level – in the last few days lost VW about 50% of its (over-)value as its share price fell from 430 to 210 €uros .... yesterday porsche announced that it will increase its share @ VW and today started VW with a 70% gap up and rose more than 200% to €635. closing price was 520 euros, a daily gain of 146.62%. next day (28.10.2008) the same game => VW rose in less than a hour from €471 to €1,005 and closed @ 945 euros, which is 81.73% more than yesterday. its market capitalization? 277.83 billion euros, it is the most 'valuable' company now ... that's a short-squeeze, isn't it?

vw short-squeeze (10 days chart)

the possible reasons for that crashy overall market developments? see my older blogpost.

trading seminar

trading seminar / trading software (green: buy; red: sell; blue: close position; target or stop limit reached: close position => trading as simple as that? and also as boring as that? ... well, it could work fine, if the 'rockwell trading'-software provided enough good signals and just very few false signals ... who knows? let's think about that later, maybe as a kind of diversification to my own 'signals' :-)


... to do ... limit (sell) orange juice ....

bad joke

a really ugly joke (but it describes the ongoing circumstances on the financial markets so well :-):

the current situation on the financial markets is worse than a divorce: half the money is away, but the wife is still there :-))

next bad day

next bad day for me :o((

natural gas stopped out with a small loss; 5 DJIA trades with small losses (the market didn't like my bet); overall loss of 125 €uros :o((


item--------------: natural gas >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 10/16/2008, 18:12
entry price-------: 7.06
initial stop-loss--: 6.66 ... ... must always be filled :-)
new stop-loss----: 6.77
exit date---------: 10/23/2008, 15:23
exit price---------: 6.77
profit (loss) in %-: (4.1%)
profit (loss)------: 0.29 => ($29)
reason why + strategy: in my opinion is natural gas so unbelievable cheap that i will enter this position immediately, even when my stop-order was 'reached' i.e. executed today
lessons learned: as the fear is everywhere in the financial markets, the price can fell even deeper; my stop order was processed; exit with a small loss => ok