Thursday, May 15, 2008

Virtual Office, -$1135. SPY, +1.80, $142.57.

Denarii, $44 on 5000 shares traded.
OBAT, -$37 on 14,000 shares traded.
Me, -$249 on 10,800 shares traded.
Timmay!, -$413 on 4000 shares traded.
Tokyo, -$480 on 113 shares traded.

Here's a good trading rule... don't trade hungover.

Well, looking at the VO, I may not have been the only one out on a Wednesday night... in fact, this must be one of the lamest VO boards of all time... hopefully I'll be able to announce some changes next week. It's still developing.

However, I have to say, I was a little underwhelmed by the response I got from last night's VO post, asking for some nicknames/historical characters etc. to name potential "ghost" VOers. Not that I don't have plenty of ideas, I just thought I'd get some good feedback.

Again, the volume sucks... again, energy and ags were on the move... this market is really getting dull. As we head into the end of May and Memorial Day, I expect it to get a little lamer. My real office was about 50/50 today in terms of up traders to down traders... a couple of guys had big days... I'm guessing they made good money on the oil stocks. A couple of oil names had crazy ranges. But in a good trading market, my office would be more like 80% green. This isn't a very forgiving market.

Crude oil was all over the map today, enjoying a $6 intraday trading range. WTF?

Anyway, lets hope for a more interesting day tomorrow.

8 comments:

HPT said...

Crude oil is crazy and the VO gets lamer everyday.
Volume is shit and all the major trends continue.

Stewie said...

WOW! If the VO was a stock, the past few days best resembles a consolidating stock in a very tight pattern ready to explode......UP!!!!

Dinosaur Trader said...

Yes... this is lame. There will be mass layoffs soon.

Actually, I forgot Tokyo sent me his #s early... will update.

-DT

HPT said...

The layoffs are effecting everyone DT.
My mom got layed off a couple weeks ago and she was working in the healthcare field too. When it rains it pours.

Masterjaz Out said...

Oil was a monster, too bad I only paper traded (getting ready to switch to futures). Nothing like a paper 10k gain. Oh well, maybe when I'm up and running. Just not confident in my system (not fully tested). I'd be interested in joining the VO, but I'll wait to see what all the upcoming suspense really is...

http://jaztradingjungle.blogspot.com/2008/05/f-sec-and-pattern-day-trading.html

Peace,
Masterjaz out

bocagirl said...

DT, you could use the names of...

Characters from the Sopranos, or

Characters from Battlestar Galactica, or

Famous gunfighters like Jesse James, Billy the Kid, etc.

I can come up with more suggestions if you want.

(I don't know why this is showing up as bocagirl not boca, I always have trouble with my Google account.

Dinosaur Trader said...

Boca,

Great ideas, thanks!

-DT

Dinosaur Trader said...

HPT,

Sorry to hear about your Mom.

My Mom is still searching... yet another reason to succeed at trading, so you're not at the mercy of some company. Fuck that.

-DT