Tuesday, February 3, 2009

The RO Report, "Kill Me Now" Edition

It's amazing how fast this job changes. Two weeks ago, I was on top of the world. Since then, I've had two big down days and now I'm just bleeding money. I'm barely up on the year and scared that I'm gonna have to sell my house and move to some Red state.

The RO did okay though. A decent bounce back from yesterday's slaughter.

Fuck those guys.

Let's talk about me again...

Is this market going to save my ass again? Can we get some action? I'm coming up on my 10 year anniversary as a full time trader in March. I want it to be a good one.

The problem is that I'm still bearish. I don't believe in breakouts anymore, just breakdowns, and this little bounce is causing me fits.

The RO had more perspective though, and caught the long. Out of 29 traders today, 20 were gross positive, or 69%. 6 traders made over $1,000 gross and 3 lost over $1,000. I was #23 of 29. Moosecock.

I'll have a history post up tomorrow. Enjoy your night.

"Lucky Pierre" - Trader D, $4,174 on 222k shares traded.

2. Trader A,
$4,168 on 137k shares traded.
3. Trader H*, $3,568 on 12,600 shares traded.
4. Trader B,
$3,105 on 139k shares traded.
5. Trader 10*,
$2,389 on 200 shares traded.

"Chambermaid" - Trader 8, -$1,856 on 44,800 shares traded.


2. Trader C,
-$1,700 on 85,900 shares traded.
3. Trader F,
-$1,040 on 18,000 shares traded.
4. Trader 9*,
-$614 on 0 shares traded.
5. Trader &,
-$549 on 9,600 shares traded.

7 comments:

Denarii said...

I clicked on the RED STATE link and I thought you said you had a long beard???

mdawsz said...

I hear you brother. This market sucks. My biggest problem is that I'm over-trading, trying to catch "the move." Invariably, that is a losing proposition. It's quite possible that we grind like this for months and months...donno.

Dinosaur Trader said...

@Denarii,

Good to see you hanging around. My beard is unruly as well as long.

@mdawsz,

Aren't you a lawyer or something? How do you find time to overtrade.

Meanwhile, I just want to state here that I owe $732,400 in back taxes.

-DT

Anonymous said...

Right now its Shark VS Shark out there. I suggest you lighten up your size and expand your Stop loss/Profit range. Everyone is looking for the same set-ups, trying to catch the same moves etc. Conserve your capital as when things finally loosen up you dont want to have your acct too far behind the eightball.

Dinosaur Trader said...

Excellent advice. We are in full-fledged capital preservation mode.

-DT

mdawsz said...

Well if we're gonna start name calling, you're a hippy-esque granola eater.

Dinosaur Trader said...

I apologize. Lawyer is quite an epithet. I'm still smarting over you correcting my sentence yesterday.

-DT