Monday, November 3, 2008

The RO Report, "Election Jitters" Edition

People ignored the stock market today, as they awaited the outcome of tomorrow's Presidential election. The market did shit, on shit volume, and if you traded it, chances are, you made shit.

It's funny, in the room today, early on, I said "Today feels like the kind of day where you can either make $600 or lose $3,000" and apparently, taking a look at our sad office stats, I wasn't too far off.

We just got over 1 billion shares traded on the NYSE. It was the lowest volume day since August.

Tomorrow should be more of the same. Preserve your trading capital. Take tomorrow off, go vote, hug your loved ones and be happy you're here.

The RO had a crappy day. Out of 24 traders today, 10 finished gross positive, or 42%. One trader made over $1,000 gross, while 5 traders lost over $1,000 gross. I was #4 of 24, or, bossy (kind of).

The Manservants get top billing, since they beat down the RO with their bad trades.

"Chambermaid" - Trader A, -$6,540 on 159k shares traded.

2. Trader I, -$2,016 on 23,400 shares traded.
3. Trader N, -$1,814 on 31,400 shares traded.
4. Trader B, -$1,092 on 215k shares traded.
5. Trader E, -$1,088 on 24,400 shares traded.

And here are the Bosses:

"Lucky Pierre" - Trader Z, $1,036 on 18,800 shares traded.

2. Trader C, $936 on 17,700 shares traded.
3. Trader J, $741 on 22,000 shares traded.
4. Trader S, $280 on 8,200 shares traded.
5. Trader R, $251 on 6,421 shares traded.

NOTE: Only 10 hours left to vote in the DT Presidential Poll!!!

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