Monday, March 16, 2009

The RO Report, "Mindful Gardening" Edition

In my attempt to improve my trading, I have been leaving my desk more. Sounds fishy... like in order to trade better I'm not trading at all, but that's the plan.

If nothing else, in the last 6 months I've learned that there are markets worth trading aggressively and markets that are better left untouched. With the SPY basically in the middle of support and resistance and the XLF hitting resistance I decided to let the second half of this day go.

I spent the day outside, gently digging up moss and replanting it elsewhere while chanting. Sometimes, if I felt my heart rate increase, I stopped to drink tea and eat rice. Eat that, Zentrader! Okay, perhaps that's taking it a bit far...

Anyway, the RO had a decent day. Out of 29 traders today, 21 were gross positive or 72%. 9 traders made over $1,000 gross, and 2 traders lost over $1,000 gross. I was #11 of 29, not bad for a day spent gardening.

FOMC meetings Tuesday and Wednesday. I plan on getting more gardening done...

"Lucky Pierre" - Trader D, $7,555 on 318k shares traded.

2. Trader H*, $6,877 on 0 shares traded.
3. Trader 10*, $2,771 on 4,500 shares traded.
4. Trader 9*, $2,667 on 1,800 shares traded.
5. Trader C, $2,422 on 214k shares traded.

"Chambermaid" - Trader Z, -$7,557 on 278k shares traded.

2. Trader A, -$3,791 on 126k shares traded.
3. Trader 8, -$460 on 10,800 shares traded.
4. Trader L, -$300 on 9,000 shares traded.
5. Trader Q, -$172 on 7,600 shares traded.

1 comment:

Anonymous said...

Man, I wish I could garden and tend to the yard. It'll have to wait until mid-April as there is at least 3 ft. of snow on the ground here. At least it's melting quickly.

Congrats on the recent turnaround, drawdown periods suck.

It's interesting to see how trading tactics differ so much from one person to the next. My strategy had me out of the ugly rally all morning and in in the afternoon when we reached resistance in SP futures at the 774 area.