The RO Report, "Extinction" Edition
I bet things were going pretty well for the Dinosaurs right before the meteor hit. I bet they didn't even see it coming.
Well, today was kind of like that for me. The meteor was FAS. Ironically enough, this was the same stock I profiled as a "good trade" earlier today.
I got blasted fighting the market between 1:30 and 2 as FAS cratered in my face. I blew out 20 cents from the bottom. I had a lot. Painful? Yes. However, I feel okay. I'm not losing my mind or anything, I feel money is coming. A setback to be sure, but I'm gonna go over it all tonight and master it.
Unfortunately, you know the policy around here... I lose money, I have to post bad music. I lost big money today... so prepare for a truly awful song to drop later.
On the bright side, the RO had a decent day. Nothing great, but solid numbers. Out of 29 traders, 19 were gross positive, or 66%. 5 traders made over $1,000 gross and 2 lost over $1,000 gross. I was Chambermaid, hopefully for the first and last time.
"Lucky Pierre" - Trader Z, $2,576 on 113k shares traded.
2. Trader 10*, $2,301 on 400 shares traded.
3. Trader F, $1,870 on 64,800 shares traded.
4. Trader 9*, $1,757 on 300 shares traded.
5. Trader N, $1,512 on 114k shares traded.
"Chambermaid" - Trader S, -$5,814 on 88,600 shares traded.
2. Trader B, -$4,533 on 217k shares traded.
3. Trader 6*, -$941 on 0 shares traded.
4. Trader V, -$884 on 69,200 shares traded.
5. Trader T, -$802 on 11,000 shares traded.
10 comments:
I think you deserve another title besides 'Chambermaid' for the day....you only lost over double what the top guy made today! Perhaps "double-penetrated chambermaid" would be fitting since double-dong already has another meaning.
What a truly gay day you had, DT.
Sorry to hear. Hopefully tomorrow you will kill it!
Jared,
Yeah, it was gay.
Thanks, mdawsz. I normally bounce back after shitstorms.
-DT
Still, chambermaid has to be better than say, chamberpot...doesn't it?
-AT
Oh, ha! ha! DT loses 6k, let's make fun of him!
AT, you may find this interesting... one of the reasons I lost so much money today is because I was in an excellent mood. Sounds odd, but losing money didn't bother me much.
Perhaps being a little negative is a good quality for traders... think about it...
-DT
You had to go there didn't you?
Think about this: You said yourself that you "normally bounce back after shitstorms." That mentality in and of itself is positive and if you look at the longer-term picture rather than just today's results, and if you carry through to tomorrow with this "excellent mood" of yours, and you do bounce back tomorrow (or over the next couple of days), then doesn't that actually create an even deeper level of confidence in your own ability to continue being a successful trader over the long term, and therefore actually make today's events a stepping stone to your betterment as a trader?
(Yes, my 6th grade English teacher picked my writing to put on the overhead projector in class as a "good example" of run-on sentences...whatever.)
Your "excellent mood" today isn't necessarily responsible for your trading results today, and may have even contributed to your improvement over the longer term...chamberpot.
:)
-AT
@Duncan,
Sorry. Happens. But you're right about the no excuses part. Make excuses enough and in the end, they're all you're left with.
@AT,
Totally agree. I guess what I was feeling is that money is very secondary to my happiness, which is a good thing ultimately. But I do feel good and understand that's important overall. It's just that feeling too good, can sometimes lead to carelessness.
-DT
Absolutely. Carelessness and trading shouldn't be mixed.
However, an excellent mood and carelessness don't necessarily go hand in hand.
So I just must have misunderstood...when you said you were in an "excellent mood," you really meant "high."
Being high and being careless typcially do go hand in hand...now I understand. ;)
-AT
I would always have blowups after a nice run. Life was just too good that I had to ruin it. As a result you will get more comments like this, and trade with better stops for the next few weeks. For future reference, could the big loss be avoided by setting a max daily loss amount on the account/platform, closing your positions for you?
HPT
AT,
Okay, yes... I think that was it. You got it. I was in such a great mood that I was, in effect, high. I will try to distinguish the two going forward. Certainly, there are times after a good surf session when I'm "stoked" and I trade poorly because of it... it's very similar to being high.
HPT,
Indeed, I can set a max loss limit on my account. However, since I've only been at this level a couple of times in the past decade, I'm not going to freak out just yet. I made a mistake, I learned from it, and I'll try my hardest not to let it happen again. Losing $6,000 in a few minutes tends to make an impression...
-DT
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