Tuesday, October 21, 2008

The RO Report, "A Mixed Bag" Edition

So the thing is, from a trading perspective, you always want more volume. It just means smoother markets, more liquidity. It's always possible to make money in a low volume market, it's just harder, and the risk/reward ratio gets skewed. I think today's RO numbers perfectly illustrate that point.

We gave back more than half our gains from yesterday, but remarkably, on even LOWER volume. What this tells me, is that we're probably stuck for awhile, in a range that we're currently determining, until another bank fails or something.

But we've all been busy and it's probably not a bad thing to be able to breathe a bit. Regain your perspective.

In other breaking news, I have no new plans for this blog ever. Apparently, I'm going through a bit of a "dry spell" as far as my "creative" posts are concerned. I'm just not feeling it lately. Perhaps the market sapped me of all my creative energy... I don't know, fuck you. Some kid stole my daughter's pail at the sandbox and I wanted to kill it... maybe I need to write a post about that, to work out some anger.

Anyway, the RO was mixed. Out of 25 traders today, 15 were gross positive, or 60%. 7 traders finished up over $1,000 gross, and 6 traders lost over $1,000 gross. I was #9 of 25, which I'll take. If I can continue to stay green and make some money as the market slows, I'll be very happy. The bosses barely did it today, but they end up "on top."

Here are today's Bosses:

Lucky Pierre - Trader A, $8,558 on 198k shares traded.

2. Trader Z, $3,422 on 65,200 shares traded.
3. Trader B, $2,899 on 96,200 shares traded.
4. Trader F, $2,881 on 64,200 shares traded.
5. Trader E, $2,475 on 64,800 shares traded.

And the Manservants:

"Chambermaid" - Trader J, -$6,523 on 73,200 shares traded.

2. Trader D, -$4,400 on 89,700 shares traded.
3. Trader C, -$4,159 on 120k shares traded.
4. Trader V, -$1,657 on 60,400 shares traded.
5. Trader 6*, -$1,600 on 0 shares traded.

See you tomorrow.


josh said...

great blog!!!!!read it daily.
i really enjoy the daily ro report and when you explain your trades. honestly, i a new trader and learn a lot from studying others.

Rob said...

could you show a picture of your trading station?

Dinosaur Trader said...


thanks, glad you like it. i should get back to detailing more trades soon. i have some new things I've been doing which I should discuss.


yeah, i could probably do that. it's pretty low-fi, since that's how i roll.


TL said...

Looks like the traders are doing 1/10 of the volume they did last few weeks... That's quite a difference. Do they take fewer trades or smaller positions?


Dinosaur Trader said...


Both, I'm sure. But that's the thing... volume decreases in the market and there are fewer opportunities and also fewer reasons to be in large positions.

Still, Trader A made $8 grand today...