The RO Report, "Dead And Deader" Edition
It's hard to explain how completely mindfucked I've become in just a few short days.
The destruction continues.
The best way for me to look at all of this is to say, "Well, I've been at this for 10 years, and most likely will be at it for another 10." Hopefully, in February of 2019, this past two weeks will be a blip.
Anyway, it's not like the RO had it easy either. It's just not an easy environment. There's a lot of news driving trade... we have employment data out tomorrow... and now it looks like Geithner will be dropping the details of the "comprehensive financial framework plan" on Monday.
Just lots of static.
Out of 28 traders today, 15 were gross positive, or 54%. 5 traders made over $1,000 gross and 7 traders lost over $1,000 gross. I was #25 or 28. Charred.
Blog note: Please Digg this post if you haven't already.
"Chambermaid" - Trader A, -$10,966 on 203k shares traded.
2. Trader C, -$9,472 on 177k shares traded.
3. Trader N, -$4,963 on 59,600 shares traded.
4. Trader S, -$4,011 on 146k shares traded.
5. Trader F, -$3,520 on 28,800 shares traded.
"Lucky Pierre" - Trader D, $4,431 on 364k shares traded.
2. Trader H*, $3,435 on 5,700 shares traded.
3. Trader 6*, $1,241 on 900 shares traded.
4. Trader J, $1,223 on 24,800 shares traded.
5. Trader T, $1,029 on 6,355 shares traded.
10 comments:
DT:
Mate, sorry to see that you have fallen on a few bad days. It is par for the course and you will undoubtedly recover. Remember, best to sit on your hands and react than try to predict a market move.
montrealjain
Hang in their DT.
I found myself watching today's rally afraid to make a move because I didn't trust it.
Difficult tape to trade.
Wait a minute, I thought you were writing all those funny posts for me, the loyal reader. Now I find out your whoring yourself around on some site called digg? or diggg? WTF?
*sigh*
I guess this is to be expected while on the 3rd tier. Never trust a guy with a beard.
DT, basically many if not all the top traders i know of are having a tough time lately but after reading your Digg request stuff maybe the blog is taking away from your overall trading skill and concentration of what really matters, making money. The way you write your stories tells me that a considerable amount of time is dedicated to the blog. JMO, i might be wrong.
Thanks for the thoughtful comments.
I have drastically changed my style of trade in just the last month and a half... I think that part of my current volatility is due to that fact. Couple that with trading size that is out of my "comfort zone" and I've had a few blowups now.
I think everything will balance out and hopefully, in a couple weeks, I'm a better trader and have learned something from this all.
Now, Anon, your comment kind of struck a chord with me because I have been spending a lot of time writing for the blog recently. But the thing is that if you look back over the last couple of years, I used to post a lot more, and often during the day. I've tried to transition to more thoughtful and well done posts once a day instead of many "third-tier" type posts throughout the day... if I'm begging for Diggs, it's just because I do spend a lot of time writing lately, and it's nice to know it's being read...
But you raise an excellent point and I have thought about it. If I go on hiatus again soon, you'll know why...because ultimately, I am focused on making money
-DT
hang in there dinowhore, u will come out of this, just keep modifying the gameplan, and pressing yourself just outside your comfort level. there is no shame in pulling the reins in, but you must always push again when you feel comfortable.
-trader D
(4 up days in a row, but very little progress out of my massive january hole)
Thanks, D.
Maybe if B would stop making fun of me, I could get my game together...
-DT
If you like DIGG you should try REDDIT.com It's more of an intelligent version of DIGG, and more democratic.
I just signed up, thanks.
-DT
Just dug myself out of a NASTY 20% drawdown (caught short on full margin into wicked squeeze @ new years :( ), took me a month.
Always be fading - always fade the open - always be fading
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