Thursday, July 31, 2008

The RO Report

My day was way too wild for a last day of the month "light day." I mean... you work all month, scraping together money here and there from the market and then you go and give a big chunk back on the last day? Always feels shitty.

I was down $1500 early and managed to trim my loss to commissions only. But it's not the way I like things to go down anymore.

The RO, naturally, kicked ass. Out of 27 traders, 22 finished positive. I was number 20 of 27... remember, that's a gross number. So I lost money today (and hence will post awful music later) but I was gross positive.

Here's the top 3:

1. $14,167 on 375k shares traded.
2. $12,444 on 174k shares traded.
3. $7,307 on 119k shares traded.

And the bottom:

1. -$4,301 on 101k shares traded.
2. -$1,829 on 700 shares traded.
3. -$317 on 35k shares traded.


wincity said...


The volume data is very useful. 375K! Holly cow!

Addict said...

Hi DT, great blog. Can you provide an estimate of how much commission they pay on that much volume? I'm just trying to figure out what's their net profit after commissions.

EBear said...


Interesting stuff. What is this RO Report? How can a trader join this competition? Thanks.

Soulfire said...

The guys in the RO work hard for their money- only making pennies per share but trading huge volumes.
The top traders Sched D must look like a telephone book.

Dinosaur Trader said...

A couple of things...

Everyone pays a different commission, but their commissions are most likely very low given their volume. As for Schedule D, the way prop firms are structured, you don't have to report individual trades as you do if you just trade from your Schwab account or something.

And ebear, the RO is my actual trading office. Unlike the VO, it cannot be joined unless you send me some blood, and $100,000,000 in euros and oil.