Monday, November 17, 2008

The RO Report, "The George Michael" Edition

Today, my blogging and trading was decidedly third-tier.

I'm not going to apologize though. I feel like I'm just getting back in touch with my roots a bit. You never want to forget where you came from.

I remember a week ago thinking that the market was dead and that I wouldn't ever be able to make money again. But then Thursday came and I made a shitload. I told myself, "I just need to be patient. Have to pick your spots in this market."

I felt smart for not overtrading the slow market of the previous week.

However, on Friday I gave back half of my gain from Thursday. I told myself, "Holy shit you're a fucking idiot." Then today I traded lightly and made $50. I don't have any great feeling about it. I'm not smart for making $50, and I'm not an idiot.

I'm Joe The Plumber. It sucks. I want my hair back.

Anyway, all day the RO bitched about the market action. I don't get it really, because we had a 200 point rip in the middle of the day followed by a 200 point tank at the end. We traded decent volume in the eminis, about 3.4 million shares. But for whatever reason, no one made great money.

In fact, the Manservants took the day, but largely because of "Trader D" and his new long term account, "Trader 10." In fact, since he was a double Chambermaid, the office coined a new term for this ultra-rare occurrence, "The George Michael."

Here are your Manservants:

"George Michael"
Trader 10*, -$8,825 on 24,100 shares traded.

Trader D, -$7,701 on 135k shares traded.

3. Trader H*, -$4,744 on 4,600 shares traded.
4. Trader C, -$2,760 on 73,000 shares traded.
5. Trader T, -$937 on 1,800 shares traded.

And the Bosses:

"Lucky Pierre" - Trader A, $4,910 on 71,400 shares traded.

2. Trader B, $3,907 on 315k shares traded.
3. Trader Z, $908 on 51,448 shares traded.
4. Trader E, $516 on 31,000 shares traded.
5. Trader N, $460 on 22,600 shares traded.


jsp9999 said...

Appreciate your third-tier blog writing. It seems to me the current market swing should be good for day traders like RO. Why was it not for the past few days?

Ilunga said...

I like Trade D very much. He is really a interesting guy. I'm wondering how old he is...

Dinosaur Trader said...


I'm not quite sure. On Friday, a lot of us were caught long just as the bottom dropped out of the market in the afternoon. We all did well on Thursday... today, there were a lot of mixed signals coming from sectors. It's much easier when whole sectors move in lockstep...

@Illunga, Old enough!


Anonymous said...

George Michael is an odd queer.

lawrence said...

today market is pretty hard and lame... Unless you anticipate a huge buy in towards the end of the market...

Hey Dinosaur ... just keep up the good work... as long as your account is growing ... you are at the right track ...