Thursday, October 30, 2008

The RO Report, "Relatively Quiet" Edition

Well, two trends continued today... The last hour of trading continues to be for crack-addicts, professional gamblers, and idiot savants. Also, while some traders are making money in the RO, an equal number are losing.

There is loads of volatility, but something has changed which has made it more difficult to be on the right side of the trade. I mean, take a look at a chart of the Industrials today... we had a solid 200 point range, up and down, but in the middle, we also had 100 point shakeouts. So we're trending, and making big moves, but the counter-trend rallies are deadly.

In other words, if you're not getting good entries, you're getting shaken-out or taking lots of pain.

Also, volume was a little lame today, under 1.4 billion.

I've got loads of shit to do, so I'm cutting to the chase. Out of 25 traders today, 14 were gross positive, or 56%. 11 traders finished up over $1,000 gross, but 7 finished below $1,000 gross. I was #5 of 25, or bossy.

Again, these numbers aren't great. Perhaps the "go-go" days of late September and early October are officially behind us and we're moving solidly into the holiday season.

I will be taking it easy until after the election now unless we get some interesting market news.

Here are today's Bosses:

"Lucky Pierre" - Trader B, $10,474 on 487k shares traded.

2. Trader C, $5,942 on 76,800 shares traded.
3. Trader T, $3,739 on 3,700 shares traded.
4. Trader E, $3,645 on 89,800 shares traded.
5. Trader S, $2,397 on 27,000 shares traded.

And the Manservants:

"Chambermaid" - Trader D, -$15,065 on 326k shares traded.

2. Trader A, -$3,527 on 471k shares traded.
3. Trader I, -$3,124 on 20,600 shares traded.
4. Trader Z, -$3,123 on 92,000 shares traded.
5. Trader H*, -$2,217 on 8,800 shares traded.


HPT said...

Moving up in the world as a big BOSS I see.

Dinosaur Trader said...

Boss or Chambermaid... it depends on what day you read the blog lately.