The RO Report, "Confusion" Edition
I think today was pretty difficult.
Sure we had a nice dive this morning, but I had a tough time padding my account during it. Instead, it gave me a nice short bias going into the afternoon which nearly killed me around 2pm when the market squeezed hard.
After two days of nice clean trending closes, today was a rude awakening. Just more proof that you constantly have to switch up your game. What worked yesterday doesn't necessarily work today.
So I don't have a great read on the market going forward. I look at the SPY chart and feel like we're forming a bear flag and will soon break 80, but enough smart people see some bullish divergences that it's giving me pause. Hopefully tomorrow clarifies the picture a bit. I'd like to go into the weekend with my sanity and my finances intact.
Anyway, it was a mixed day in the RO. Trader B nearly reversed all of his gains from yesterday, which couldn't have been pleasant, and no one really cleaned up.
The best you can say about the RO performance today is that most people managed to stay somewhat green. Out of 31 traders today, 21 were gross positive, or 68%. 8 traders made over $1,000 gross, and 4 lost over $1,000 gross. I was #13 of 31. Underperforming, but happy to come out of the day alive.
"Chambermaid" - Trader B, -$35,070 on 635k shares traded.
2. Trader 9*, -$2,072 on 7,100 shares traded.
3. Trader I, -$1,236 on 3,000 shares traded.
4. Trader 6*, -$1,105 on 300 shares traded.
5. Trader O, -$776 on 31,600 shares traded.
"Lucky Pierre" - Trader F, $3,284 on 63,100 shares traded.
2. Trader D, $2,905 on 131k shares traded.
3. Trader A, $2,126 on 258k shares traded.
4. Trader Z, $2,032 on 329k shares traded.
5. Trader J, $1,909 on 75,000 shares traded.
2 comments:
I lost some fat loot on early trades and then had to work the remainder of the day just to get it back. Ended green, but still, a pain in the ass when that happens.
I had the opposite experience. I made money early, about $600 and was good... no positions, middle of the day. Out of nowhere, I decided to buy 1k FAS. It immediately dropped on me and I added 1k more. It dropped further, I added another 1000 and then watched it drop another dime, when I bailed. That got me back to flat.
Later, I built up a 3000 share position in FAZ and managed to find myself 2gs out the money in it before it reversed and got me out flat... then, I watched in dismay as it rallied 5 points from my exit.
And I end up $200 on the day... one of those weird ones.
-DT
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