Thursday, January 29, 2009

The RO Report, "The Trend Is Your Friend" Edition

It's so gay and lame to say, but completely true.

The trend really is your friend. It's the annoying friend who sometimes you try to shake. And sometimes, the trend calls and you don't pick up the phone, but he is your friend nonetheless.

Occasionally, you'll think, "Fuck this trend, what about yesterday's trend?" but that is silly. Yesterday's trend doesn't matter anymore. Yesterday the trend was up. No one cares about yesterday's trend anymore.

In fact, if you took yesterday's trend, and placed it in the scale of a longer period trend, you would see we're still trending down. The trend is down. The trend is always down.

The price is wrong, bitch, and don't you forget it.

Anyway, I'm hammering this home to help cure myself of my "asshole dip buyer" tendencies.

The RO did pretty well today. Out of 31 traders, 20 were gross positive or 65%. 9 traders made over $1,000 gross and 6 lost over $1,000 gross. I was #10 of 30. Still clawing my way back from my loss the other day.

Some nice change in the boss list today...

"Lucky Pierre" - Trader D, $5,272 on 155k shares traded.

2. Trader P, $5,088 on 143k shares traded.
3. Trader N, $4,313 on 102k shares traded.
4. Trader V, $3,848 on 60,450 shares traded.
5. Trader E, $3,558 on 105k shares traded.

"Chambermaid" - Trader 9*, -$2,456 on 3,300 shares traded.

2. Trader 6*, -$2,377 on 400 shares traded.
3. Trader C, -$1,803 on 234k shares traded.
4. Trader B, -$1,485 on 228k shares traded.
5. Trader G, -$1,056 on 113k shares traded.

Heatmap reversal from yesterday...

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