The RO Report, "Monster MOCs" Edition

This is a very funny job. At 3:30, the market took traders down in my office. We were all short, naturally, into a legendary squeeze. Trader Z lost over $30 grand in that 5 minutes. Even me, your conservatively trading blogger, managed to lose a few thousand.

The bloodshed was real and widespread. People were freaked.

Who knew that only 30 minutes later, all of that money would be made back, with many thousands more tacked on? After a decade of trading, you see a lot... but I can tell you, that never have I seen stocks gap down like they did at today's close.

Check any REIT.

Anyway, I may write a post detailing the last 40 minutes of my day if I have time later this evening. I hope I do, if only so I can remember. Let me just say that at 3:30 I had lost over half my month and was feeling pretty sick about it. But by 4:15, I had tripled my month. Go figure.

Out of 22 traders today, 15 were positive, or 68%. I was #7 of 22. 12 traders finished over $1,000 gross, 10 over $5,000 gross. I had my best day of the year, by a long shot.

Meanwhile, if you're a little freaked out by the 500 point down move in the Dow, don't be. It could have been far, far worse. Indeed, the worst is still yet to come. However, ultimately, this is what needs to happen for the market to have solid footing yet again.

Here's the top 5:

1. Trader F, $95,989 on 228k shares traded.
2. Trader B, $70,782 on 1.2 million shares traded.
3. Trader D, $44,421 on 474k shares traded.
4. Trader E, $36,121 on 224k shares traded.
5. Trader P, $33,319 on 137k shares traded.

And the bottom:

1. Trader H, -$8,290 on 4,800 shares traded.
2. Trader Z, -$5,846 on 308k shares traded.
3. Trader T, -$1,894 on 9,000 shares traded.
4. Trader 1, -$1,405 on 7,200 shares traded.
5. Trader I, -$833 on 8,000 shares traded.