- Quick Thoughts on the (Very) Latest Black Monday
- AuEx Ventures: An Intriguing Gold Junior Opportunity
- Sequoia Capital: RIP Good Times
- Jim Rogers on CNBC and Bloomberg - 10/10/08
A review of my trades from the week that was:
- Closed out my Japanese Yen position - Closed out on the Monday spike up. The
Yen went a bit higher during the week, all the way to the 98 handle - looks like it's trading down in the Asian markets right now, slightly above "parity".
- Went long another Mini-Gold contract, and got stopped out of both contracts on Friday.
- Ditto for silver - went long a Mini contract on Thursday, got stopped out (and lost my shirt) on Friday. Maybe I need to chill on gold/silver for right now - I keep waiting for both to explode, but maybe they won't do so until all of this extra cash is really flowing through the system.
Other existing positions I've got:
- Short the British Pound - Just initiated this position on Thursday - maybe I shouldn't have. We'll see. Maybe I should pair up this trade with the Swiss Franc. Long the Swissie, short the BP - I like the sound of that. I'm scared to be long or short the dollar right now - it's too crazy.
My wish list (waiting for an uptrend...and we could be waiting for awhile):
- Sugar
- Cotton
- Coffee
- Natural Gas
- Silver
Open Positions
| Date | Position | Qty | Month/Yr | Contract | Entry Price | Last Price | Profit/Loss |
| 10/10/08 | Short | 1 | DEC 08 | British Pound | 1.6870 | 1.7123 | ($1,581.25) |
| Net Profit/Loss On Open Positions: | ($1,581.25) | ||||||
| Account Balances | |
| Current Cash Balance | $52,042.60 |
| Open Trade Equity | ($1,581.25) |
| Total Equity | $50,461.35 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $50,461.35 |
Cashed out: $20,000.00
Total value: $70,461.35
Weekly return: -4.4%
YTD return: -8.4%
***"Cash out" mostly means taxes, but lately I've also been using it for living expenses, and also to finance a time management software startup I'm working on.
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