Wednesday, January 14, 2009

The RO Report, "Plan C" Edition

Plan A is, you hit support and bounce hard. You clean up on longs.

Plan B is, you hit support, base and tank. You clean up on shorts.

Plan C is, you hit support and go sideways, giving false breakouts in both directions. You chop yourself to pieces.

For me, it was a Plan C day. For the rest of the RO, not so much.

You know those lab experiments they do with mice? To test their intelligence? They see how long it takes them to discover that food is hidden and stuff? Well I'm the stupid fucking mouse. I starve and my stiff body is lifted out of the maze. Other mice have nibbled on my feet...Enough said.

Out of 28 traders today, 19 were gross positive or 68%. Not great. What's nice however is that 9 traders made over $1,000 gross and a good number just missed that mark. I was #26 of 28... bloodied and chambermaided. As punishment, I will post bad music tonight.

Oh, and B pulled off a rare George Michael...

"Lucky Pierre" - Trader D, $6,015 on 292k shares traded.

2. Trader C, $5,360 on 139k shares traded.
3. Trader A, $5,130 on 145k shares traded.
4. Trader Z, $3,976 on 111k shares traded.
5. Trader N, $3,609 on 103k shares traded.

"George Michael" - Trader B, -$10,381 on 773k shares traded.
2. Trader H*, -$4,195 on 8,400 shares traded.

3. Trader S, -$1,966 on 47,200 shares traded.
4. Trader 6*, -$1,003 on 0 shares traded.
5. Trader O, -$257 on 25,400 shares traded.


Jawbreaker said...

DT, Have you noticed the lack of liquidity lately? I mean it always sucked but it seems really bad right now. The NYSE should be embarrassed that a MKT order for a 100 shares gets raped. 100 shares? Hybrid has gotten worse IMO.

Anonymous said...

are they net # or gross?

Dinosaur Trader said...


In the last couple of weeks, I've hardly traded stocks. I've been trading lots of SPY and some ETFs. I can't believe how liquid they are... check them out.

Not like the liquidity helped me today! On the upside, I know exactly what I did wrong...


Gross numbers.


wincity said...

DT, does it take some effort to get the net numbers? Seems to me people would be more interested in them and they're also more meaningful.

OONR7 said...

curious to hear what you did wrong.

Dinosaur Trader said...

@ Win, Yes, I can't get net numbers. But commissions are fairly low, so unless someone trades a ridiculous number of shares, the percentage of the gross is small.


In short, I got massively long after the Beige Book, right around the highs thinking we were going to print a hammer reversal day.



joshtrader1 said...

You dont have to give me exact figures unless you want to, but what do you consider low. .005 or .002

Dinosaur Trader said...

That's prob a safe range.