Wednesday, February 4, 2009

The RO Report, "Decoupling" Edition

I've been to hell and back today, so excuse that smokey smell on the blog. I think I need to change the color from the ash gray...

A couple of smart traders pointed out the same thing to me today; perhaps the market is finally making a differentiation between the good and the bad banks. All morning long, I smoked myself by shorting the "good" bank, GS, thinking that the "bad" bank, BAC, had to drag it lower. Perhaps a few weeks this trade could have worked, but not today.

However, it would be great if the market started to differentiate, at least if you're a bull.

All that said, we had a full reversal.

Anyway, it was more tough sledding for the RO but overall, we finished slightly green. Unfortunately, we need a couple of outperforming swing accounts to get us there. Out of 29 traders today, 13 were gross positive, or 45%. Shitty! 5 traders made over $1,000 gross and 4 traders lost over $1,000 gross. I was #27 of 29. Out of order.

"Lucky Pierre" - Trader H*, $4,583 on 23,600 shares traded.

2. Trader B, $4,474 on 178k shares traded.
3. Trader A, $2,531 on 124k shares traded.
4. Trader 10*, $2,317 on 1,000 shares traded.
5. Trader D, $2,158 on 170k shares traded.

"Chambermaid" - Trader K, -$6,295 on 111k shares traded.

2. Trader N, -$3,073 on 101k shares traded.
3. Trader S, -$2,142 on 58,200 shares traded.
4. Trader J, -$1,033 on 28,400 shares traded.
5. Trader V, -$972 on 49,200 shares traded.


2 comments:

jon said...

yo dino

sorry bout ur day today. nice partial comeback tho (for a sec looked like u were gonna be pos!)

trader e

Stewie said...

what happened to the days where we booked 10-20K every other day????? or when the RO averaged 100K plus??? sniff...sniff.....