Monday, February 9, 2009

The RO Report, "Sleep" Edition

We were locked in a low volume 100 point range today as the world awaits The Big Plan To Save The World.

It's funny, but reading "the Fly" last night and how he spoke about Reagan and deficit spending blended nicely with my reading of the Richard Dennis interview in Market Wizards, which I'll be discussing here tomorrow. In the interview, Dennis says that deficit spending is going to ruin the country.

Perhaps, 20 years later he will be proven right.

Anyway, more on that tomorrow. Not much to discuss. Everyone traded light and the RO did an exceptional job of preserving capital.

Out of 27 traders today, 21 finished gross positive, or 78%. While that sounds great on the surface, there were many sub $200 gains today. No one did much. The RO was rangebound. I placed very few trades and was flat, minus a small overnight from Friday that gave me a loss on the day. I was #24 of 27, which seems almost unfair on a day I did absolutely nothing...

Trader B pulls off another "doubledong" as he and his swing account gain the top two spots.

"Lucky Pierre" - Trader H*, $3,045 on 12,000 shares traded.

2. Trader B, $2,624 on 82,000 shares traded.
3. Trader D, $2,418 on 100k shares traded.
4. Trader C, $1,869 on 60,200 shares traded.
5. Trader N, $1,329 on 76,600 shares traded.

"Chambermaid" - Trader A, -$1,571 on 187k shares traded.

2. Trader 9*, -$621 on 3200 shares traded.
3. Trader M*, -$606 on 0 shares traded.
4. Trader S, -$104 on 4,571 shares traded.
5. Trader V, -$72 on 41,000 shares traded.

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