Thursday, December 6, 2007

Virtual Office, $1795. Dow, +174.93, 13,619.89

Misstrade, $3200 on 5000 shares traded.
Sanglucci, $91 on 33,000 shares traded.
Wincity, $53 on 200 shares traded.
Evolution, $31 on 82,600 shares traded.
Me, -$188 on 25,800 shares traded.
OBAT, -$217 on 18,000 shares traded.
Dehtrader, -$1175 on 7690 shares traded.


Does anyone doubt me when I say that Misstrade is a tradebot?

Anyway, strong rally in the market again on decent volume. So I did what any idiot would do and I short the SPY near the close at $150.86. 200 shares. Pray for me.

We traded just under 1.4 billion shares today on the NYSE. Not great, but get this, just about 1.2 billion of that was "up volume." Impressive!

I ask you, how is it possible for me to be long all day and lose money? Danny? Any theories?

No daily post this evening. Like I said earlier tonight is "extreme Ping Pong" night. I feel that I currently suffer from "Market Abuse Syndrome." I am looking forward to the antidote, in the form of economic news, market volatility, Uncle Ben, and beating the shit out of my close friends in Ping Pong.

Meanwhile, the silence from "the Rage" is deafening. Rage, talk to me baby! All you do is delete my comments... I know you see them! You don't like the picture? We can change the picture!

18 comments:

mdawsz said...

What's up with this misstrade guy? His blog is an abslolute disaster and it gives no clue as to how or what he trades. Makes me wonder, what's the point really?

Dinosaur Trader said...

The point is that you have to pay for it.

-DT

Denarii said...

MDAWSZ - all of his transactions are listed here a day late - http://www.stockalicious.com/stock_journal/376/transactions

you just click on his portfolio updates

Denarii said...

my numbers dino +65 shares 200

mdawsz said...

ooooooh

MIsstrade said...

Disaster, thanks for the compliment!!

wincity said...

DT, I think you're fine with the SPY short. Tomorrow will likely be a reversal day, no matter the numbers. I hope for a big gap up so I could short.

Dinosaur Trader said...

MT,

I think for mdawsz the word "disaster" is a compliment.

-DT

MIsstrade said...

By the Way, I bought SDS at the close myself, not necessarily thinking it craters tomorrow. But my gut said be short spooos, but i just went with less levered SDS long at the close myself.

mdawsz said...

When you post about 100 pages of "Data Feed," it looks pretty lame, not to mention reader UNfriendly. Otherwise, I like it.

ainkurn said...

it makes me feel good that Misstrade is short the market at the close. we're sitting on 300 SDS as of today. looking for some selling tomorrow.

HPT said...

Sorry Misstrade, but I agree with the other disaster guy, the 3 pages of market news isn't cool, and now you got fib numbers. Are people really using that stuff because it doesn't look good on the blog. Lets be honest, Misstrades account is way bigger then any of us "retail/prop" traders that are struggling to trade for a living, he's in a different league when he posts his P/L. It would be nice to see what peoples gains are in terms of account size, but I don't think anyone is ever going to post that on their blog,,maybe I might thou, to give people perspective.

Dinosaur Trader said...

ainkurn,

It makes me feel good that he's short as well...

Visit "the Fly's" site and being short gets you de-balled.

-DT

mdawsz said...

DT, if you'd like I can come here and deball shorts as well...we call it double duty!

Dinosaur Trader said...

mdawsz,

Since I can't figure out which way the market is headed for more than the next 10 minutes, that makes me "neutral."

So, my blog is neutral. Not neutered.

No deballing here. Let's keep that over at "the Fly's."

I just want the market to gap lower tomorrow. Then, I'll decide all over again if I should be bullish or bearish.

-DT

ainkurn said...

who needs balls if you're making money?

bloggerdotcom said...

I'll have to agree with others about misstrade.

First, the VO numbers are skewed because it looks like he trades futures while everyone else is on stocks. A point move in futures represents a significantly magnified return compared to a point move in stocks.

Also, reposting briefing.com's *complete* morning and afterhours updates effectively makes the blog useless because of the ridiculous scrolling. More importantly, where are the credits to briefing.com for all the work they do? That part is just uncool.

Finally, all the other blogs are free and provide value.... misstrade's, well you have to pay for who knows what.

My two cents.

bdc

Danny said...

he banks coin