Thursday, January 8, 2009

The RO Report, "Yawn" Edition

The RO spent the better part of the day churning and discussing the death of daytrading. I tried, in vain, to get them to spend their time fruitfully by making WeeMees, but no one listened.

So, while I didn't make any money today, at least I have a bangin' WeeMee.

This employment report tomorrow better do something to this market... January wasn't supposed to start this way. I was expecting some activity. Instead, it's like late August without the warm weather and summer people.

We barely traded over a billion shares today...

Still, the "Lucky Pierre" of the day, Trader D, managed to make impressive profits.

It's sometimes unfair, having to trade beside such greatness. The man lives like a king, and has a really nice little dog, to boot. Kudos, Trader D on your continuing brilliance and congratulations on spraying (2x next dude) to get your reward, a song choice. Perhaps eventually, he'll grace us with that post he won...

Still, despite the valiant effort by Trader D, the Manservants took the day. And note that 3 out of 4 Bosses are swing accounts (denoted by the *). Active traders weren't happy today. Out of 28 traders today, 18 were gross positive, or 64%. 4 traders made over $1,000 gross, while 4 traders lost over $1,000 gross. I, again, was #12 of 28. Odd how similar these numbers have been all week.

"Chambermaid" - Trader B, -$7,728 on 401k shares traded.

2. Trader A, -$3,434 on 248k shares traded.
3. Trader C, -$1,333 on 34,700 shares traded.
4. Trader Z, -$1,176 on 37,200 shares traded.
5. Trader R, -$844 on 43,200 shares traded.

"Lucky Pierre" - Trader D, $6,220 on 100k shares traded.

2. Trader H*, $2,075 on 8,500 shares traded.
3. Trader 9*, $1,345 on 0 shares traded.
4. Trader M*, $1,044 on 0 shares traded.
5. Trader L, $872 on 49,600 shares traded.

Here is your heatmap and a touch of technical analysis.

Tomorrow I'll have my first "Friday links" post up which will showcase some fun things I found on the Internet this week. Also, please support Mr. Swift... let's edge him into second place! You can vote once a day.


Ilunga said...

so when will D post some blogs?
actually, in my office, we did the same thing just like your guys.
where is the volumn after all?

Dinosaur Trader said...

Yeah, my only guess is that we're waiting for tomorrow. But I doubt it will even come back then, fully.

Would love if you could give some comparative figures here, we'd love to hear how we're stacking up versus another office. We could have a war...


Trader-X said...

What kind of dog?

Dinosaur Trader said...

Okay, since you asked, I have to admit, I went a little too far calling it "cool."

It's a Pomeranian and it tried to kill my daughter... I actually hate his dog but I was trying to be nice.


Stewie said...

RO war?! that would be great to see. But DT, i know you follow volume very closely. Does it not make you worry that we are in Jan and we still do not see any volume coming into the up or down days? Or is that normal? Could be a difficult year to trade without the volume to support strong directional moves? thnx.

Dinosaur Trader said...


Yes, I am completely freaked out.

However, a close trading friend of mine today made the point that we've had lots of 300-400 point moves without crazy volume... so perhaps, volume as a measurement for a good trading environment isn't as important as it once was.

Or, we could just be in a lull. Let's just be patient for now and keep our powder dry.


Stewie said...

i hope so brother cause i am shocked Jan volume looks so bleak. i have reduced my trading to 1 trade a day at the open and the rest of the day just watching choppy charts. I am now hoping to see high vix levels to keep intra day ranges higher than normal.

Jd said...

I smile at the blue sky.

Jd said...

I am mindful of the light volume.

Dinosaur Trader said...

Well played... well played...