Tuesday, January 22, 2008

Virtual Office, $4176. Dow, -128.11, 11,971.19.

Me, $1707 on 51,200 shares traded.
Dehtrader, $1214 on 4540 shares traded.
Sanglucci, $1010 on 27,800 shares traded.
OBAT, $143 on 3200 shares traded.
Denarii, $102 on 700 shares traded.
Misstrade, no trades.
Wincity, no trades.
Retardo, no trades.
Akalawoo, no trades.

Well it was one for the ages.

I feel like a mook now... a rookie trader in an office full of animals. I was basically low man today (in my real office) while multiple traders made tens of thousands of dollars. 2 traders made over $50,000. Most everyone made the lions share of their money by 10:30.

It's frustrating. However, it also gives me hope that there is going to be lots of money to be made for a long time. The traders are in control of the market.

We traded huge volume on the NYSE today, over 2.5 billion shares. Also, the VIX skyrocketed over 37 today before settling down at around 30.80, still up over 3.5 on the day. Could that have signaled a bottom? Maybe... however, I'd be surprised if we don't test the lows. While it felt like the market rallied today, we still closed down substantially.

It only felt like a rally because we opened down 500 or so...

You can't overstate the importance of the FED meeting on the 30th. Will "Ben the Beard" do it again?

It's at least interesting and fun to be a trader again, that's for sure.

7 comments:

Glenn said...

Nice day DT!!

Sanglucci said...

I feel you on that DT over at my firm there were traders BANKING but I'm over it you know you were there before so you tasted days like that I'm just getting started so I'm excited ya know the juice is here for now and we got good earnings for the next 2 weeks so there's gonna b mad shit to trade. I sometimes loose sight to of the goals because I was up 2-3G and I was trying to chase all these other guys in the office who were up big money rather than just assessing if there were still good trades out there and blew my day.... But all in all I'm happy about my month so far and thanks for the advice DT it's gonna take time so I'ma kick back take it easy do what works and watch my month get better and better but SLOWLY

HPT said...
This comment has been removed by the author.
Bubs said...

Nice day DT. You trade from the actual office or still work from home? Not sure if you can answer this question but does trading at a actual office help your trading? It seems like a good idea to be in a actual room where people are trading the same stocks as you.

Dinosaur Trader said...

Thanks guys.

Bubs, I'm still at home, but in a chatroom run by my office now.

-DT

lawrence said...

yo dino good job ... I just watch and watch haha ... Im trading forex most of the time now. Anyway the market will back to a crazy mode again till the fed meeting ... Another .5 rate cut ... whoo hoo ... market going to run wild ...

MIsstrade said...

Good to see DT picking up the slack while I am away from anything but swing trading on vacation for a couple weeks!!