Long a pound o' Gold

Another seasonal present: 25%
LONG Gold vs. Greenback at 821.00

A CMC Christmas

Engaged in a little Xmas trading, but was not aware that gegenspieler CMC Markets chose to do Christmas:



No heads up, and no service, no trading till December 26 ... noon!
No FX till December 28!? Feels like April 1 -- merry lesson!


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Update I: Dec 26, 10AM CET

Jolly ride. Gold celebrated Christmas below 807 USD.



No word from CMC Markets yet ... but it's likely that the German trading times (their PDF file comes with Thursday's trading times) also apply to Austrian dumb money.

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Final Update: Dec 26, 2:53PM CET

Can't believe it's not impossible to trade FX via CMC Markets today.



Sold my position (2 is a crowd) at 816.00. 15 liquidation warnings made me realize a lucky 70%.

Triple Short SPX500

Yesterday's CFD trades:


16:11:31 Market SPX500 (21.00) 1,466.00000000
16:40:38 Market SPX500 21.00 1,464.00000000

17:22:24 Market SPX500 (21.00) 1,467.00000000
17:48:13 Market SPX500 21.00 1,468.80000000

19:31:53 Market SPX500 (21.00) 1,464.80000000
21:05:19 Market SPX500 21.00 1,462.00000000

If I were a rich kid I'd definitely short Gold and Silver ... even during a sweet secular bull market, and even without GSOs -- the fact that my Endgegner (CMC Markets) doesn't offer Guaranteed Stop Orders for commodities might be another reason why I have yet to make my first PM CFD trade ... right now I'd feel too much like a casino patron.

Infatuated with the SPX500

Yesterday's CFD trades:

18:58:57 Market SPX500 21.00 1,472.10000000
19:05:17 Market SPX500 (21.00) 1,473.10000000

19:20:13 Market SPX500 (21.00) 1,473.80000000
19:37:07 Market SPX500 21.00 1,472.30000000

20:32:28 Market SPX500 (21.00) 1,474.60000000
20:37:20 Market SPX500 21.00 1,474.80000000

Johnny-come-lately profit: 50 Cent USD.

The Latest Sucker on the Block's focus is now on CFD Gold and CFD Silver ... because Goldman Sachs and Co. said so.

F

Woulda coulda shoulda done better today, but since the CFDM don't trade on Fridays correct chart signals matter ... not. BTW, CFDM is SHORT SPX500. This can't be foe real. Just another short-squeeze -- America's Most Wanted: Another Fed rate ... for Xmas!

Once I've recouped my Ameros Dollars I'll do what I initially wanted to, namely focus on PM stocks like PAAS and NEM ... and my first butcher: Uranium One, Inc.

By Short I mean LONG

"There is smart money, and there is dumb money. Then there is me - dumber money." I managed to lose close to 70 bucks yesterday while my favorite index surged 60+ points! The stock market's largest two-day jump in five years, and the CFDumbMoney couldn't take advantage of it.

Yesterday's CFD trades:



After the SPX500 broke through 1,452 CFDM was convinced that LONG is the way to walk. Correct assumption, but...

At this point, that Murphy's words come to mind: What can happen will happen. Instead of buying 28 I actually SOLD 28 ... coulda, woulda doubled my mega margin. Shit like this happens if one trades too much after getting slaughtered

Standard and Poor and Greed

CFD trades: Tuesday, Nov 27 2007

SPX500 Index Spot

SHORT
(25.00) 1,412.00000000 35,300.00
25.00 1,416.80000000 (35,420.00)

LONG
25.00 1,420.00000000 (35,500.00)
(25.00) 1,422.00000000 35,550.00

LONG
25.00 1,421.80000000 (35,545.00)
(25.00) 1,424.80000000 35,620.00

SHORT
(26.00) 1,425.00000000 37,050.00
26.00 1,417.80000000 (36,862.80)



18:05:47 Market SPX500 (26.00) 1,425.00000000
20:11:29 Market SPX500 26.00 1,417.80000000

The market gave CFDumbMoney (CFDM) 13 points but due to greed not even 7 points were locked in.

SPX500 Short Mini-Winner

November 26, 2007

SOLD 24 SPX500 at 1,434.60
DealTime (London): 18:18:44

BOUGHT 24 SPX500 at 1,431.60
DealTime (London): 19:13:18



Although a winning trade, CFDumbMoney sold right before another 25 point drop. Since the "urge to gamble" almost wiped me out a couple weeks ago (Posted shortly) I put my focus on discipline -- the wizard who believes "losing all of you money is one of the best things that can happen to a beginning trader" does have a point.