Tuesday, January 6, 2009

The RO Report, "Grind" Edition

I'm trying to tell myself that it's cool the world isn't ending, but the sad truth is that it was much easier to make easy money when it was...

Back in November when I was stashing money in my basement, and having cool thoughts like, "Does it matter if I made $2,000 today when it's just going to become bribe money to escape into Canada?" things were actually grand!

Now I'm back to sweating $200 losses and thinking about "coming up with a new strategy" which means I'll be poor again in a few short weeks. Being professional sucks. God I hate 2009.

Anyway, we're closing in on nearly 200 Diggs for the BSMBP which is great. Thanks to all who have helped. And let me take this opportunity to remind you to go vote for Mr. Swift.

Also, I need your help in coming up with a new way to present the RO. Any ideas that could get me away from the actual figures and lead us down a more "relative value" road would be good. In that way, I could present the entire RO, but not the actual numbers.

For now, I'll keep it the same. Out of 28 traders, 18 finished gross positive, or 64%. 7 traders made over $1,000 gross and 7 lost over $1,000 gross. Crappy. I was #9 of 28 but barely beat commissions. The Manservants kicked ass.

Finally, please be sure to check in tomorrow. I will have a history post up. First time in over a year.

"Chambermaid" - Trader B, -$20,775 on 941k shares traded.

2. Trader D, -$7,786 on 290k shares traded.
3. Trader A, -$7,473 on 431k shares traded.
4. Trader L, -$5,115 on 84,200 shares traded.
5. Trader C, -$3,675 on 85,000 shares traded.

"Lucky Pierre" - Trader H*, $3,781 on 12,400 shares traded.

2. Trader 10*, $3,565 on 5,000 shares traded.
3. Trader N, $3,564 on 84,088 shares traded.
4. Trader P, $2,727 on 86,274 shares traded.
5. Trader G, $1,789 on 66,200 shares traded.

Here's your technical analysis of the day and your heatmap.


Anonymous said...

Can I ask what you guys pay for commissions?

Dinosaur Trader said...

It varies from trader to trader based on volume, mostly, but think fractions of a penny.


Jon said...

I'm curious as to why you're still proprietary trading after 10 years rather than trading for your own account and not well-cushioned? Is proprietary trading more just like earning money from a regular job? I would have thought there would be enough "good times" to cover the slow times such as now.

Dinosaur Trader said...


For me, it's mostly about leverage, you get more with a prop firm. Even if I had half a million lying around and liquid, why would I risk it? Instead, I have 25k with my prop firm and from that I get all the intraday leverage I need.

Also, I have a great office of traders and, I think, a superior execution system.