Monday, October 20, 2008

The RO Report, "Melting Upwards" Edition

Well, if this is what it means to be in a slow market, I can take it. But man, the volume was completely lacking for a 400 point move on the Dow. I'm still feeling very neutral on the market here, although I realize the bottom is starting to look rather "firm."

If we could see more volume on these rips, I'd start getting excited that my UWM purchase in my long term account will actually be a long term holding. Time will tell.

Anyway, the RO had a very nice day. Great breadth among the office mates. Everyone is feeling tired and worn out from the last few weeks. Our group volume took a marked dip today. It's very nice to see almost everyone in the green though, because the test of a good trader isn't only who is making the most money when the market is acting like a crack-whore, but also who can be consistent when it's slow. Being a good trader means constantly switching gears.

Out of 25 traders today, 22 were gross positive, or 88%. The top 11 traders were all up $1,000 gross, and only one trader lost more than $1,000; a very nice ratio. I was #12 of 25.

No one "sprayed" today. "Trader A" and "Trader D" who got into a little verbal war in the comment section of Friday's RO post, were duking it out for the 1 and 2 spot all day... in the end, "Trader A" was victorious. Also of note were the nice bounceback days coming from "Trader C" and "Trader P."

Finally, this is your last chance to vote in the RO post poll, over on the right.

Here are today's "Bosses:"

"Lucky Pierre" - Trader A. $10,265 on 258k shares traded.

2. Trader D, $9,655 on 76,200 shares traded.
3. Trader C, $8,777 on 177k shares traded.
4. Trader Z, $6,102 on 60,800 shares traded.
5. Trader P, $3,783 on 55,602 shares traded.

And the "Manservants:"

"Chambermaid" - Trader F, -$2,131 on 51,800 shares traded.

2. Trader T, -$748 on 1,900 shares traded.
3. Trader 3, -$372 on 7,600 shares traded.
4. Trader X, $50 on 8,000 shares traded.
5. Trader 8, $55 on 1,600 shares traded.

1 comment:

Solfest said...

DT deserves this video.