Tuesday, September 30, 2008
Not really, but nonetheless immediately after the close, I head to catch some waves. Spending all your time in front of screens is not healthy. Sorry for the late post.
Anyway, the market is bipolar. Have you ever hung out with a bipolar person? They suck. One day it's like, "The world is going to end" and you're like, "Cool, this is a person I can chill with." But then the next day, they love everything and they're really annoying. Everything is beautiful, people are great... blah, blah.
However, this bipolar market does suit the RO, which made massive size again today.
I'm shot, so let's just get right to the numbers, shall we? Out of 20 traders today, 17 finished positive, or 85%. I was #11 of 20. 8 traders finished up over $10,000 gross today. Truly amazing.
The top traders in the RO right now are on another level. As "Trader D" pointed out in the comment section yesterday, the swings have been wild. While the top 5 today finished with massive gains, most of them had massive losses at some juncture today also... bipolar indeed. This is a historic trading market. I'm pretty sure this year will be mark the top for many traders and their profits.
Here are today's Bosses:
1. Trader A, $105,473 on 645k shares traded.
2. Trader D, $96,092 on 555k shares traded.
3. Trader B, $93,743 on 982k shares traded.
4. Trader C, $49,939 on 390k shares traded.
5. Trader F, $47,417 on 209k shares traded.
And the Manservants:
1. Trader K, -$11,882 on 179k shares traded.
2. Trader T, -$1,301 on 5,400 shares traded.
3. Trader 3, -$46 on 6,800 shares traded.
4. Trader Q, $406 on 4,600 shares traded.
5. Trader R, $647 on 111k shares traded.
After the almost reckless profits I've made in the last couple of weeks, it was time to get paid and deposit the money in the bank.
In normal times, I'd just take the full amount and throw it into my savings, or put a portion of it in a CD. I have enough market risk each day, so my daytrading profits go largely to cash, not back into the market.
Anyway, I told Judy to take about 10% of the money out, in cash. A decent sum. In addition, I told her to get a safe-deposit box, and put the lions-share of that money into the box.
She told me that as she instructed the teller of her plans that there was lots of murmuring behind the counter and that people were looking at her like she was "crazy."
Naturally, I wish I could have been there to get more detail.
Anyway, next week I'll discuss buying bars of gold. After that, I'll move the discussion over to purchasing firearms.
In other words, I think this bounce will fade eventually... maybe even by the end of the day.
It has been a rough week, and we're only at Tuesday.
How about some perspective. Not the life and death kind this time...
Anyway, I have lots of work to do. I'll be back later. I have many posts cooking, but given the conditions, it's been hard to finish them off.