Thursday, March 5, 2009

The RO Report, "Stinky Fingers" Edition

A wise man once said, "Those who try to pick bottoms get stinky fingers."

Today I think there are a lot of traders who will be washing their hands well before dinner.

What can you say about a market that bleeds significantly lower each day? You can say it's getting scary. Immediately after the close a friend called me and was like, "Dude, WTF?" That's a good thing. Let's talk about the best case scenario, shall we?

Tomorrow the jobs report is so abysmal that it bottoms the market. I think it's doubtful, since it's a Friday, but I'm just being hopeful here. People need to puke up their stocks, give up on America for good, and invest in China. When that happens, we'll bottom.

I'm hoping sometime by next Tuesday.

Anyway, it was a disappointing day in the RO. Out of 30 traders today, 16 were gross positive or, 53%. 3 traders made over $1,000 gross and 6 traders lost over $1,000 gross. I was #13 of 30. Flat. The Manservants took the day.

"Chambermaid" - Trader H*, -$13,763 on 22,900 shares traded.

2. Trader 10*,
-$8,822 on 5,900 shares traded.
3. Trader A,
-$3,062 on 408k shares traded.
4. Trader E,
-$1,303 on 54,900 shares traded.
5. Trader &,
-$1,235 on 105k shares traded.

"Lucky Pierre" - Trader B, $8,520 on 351k shares traded.

2. Trader Z,
$7,284 on 112k shares traded.
3. Trader F,
$3,519 on 41,000 shares traded.
4. Trader V,
$989 on 50,400 shares traded.
5. Trader J,
$900 on 54,600 shares traded.

BLOG NOTE: I may change up the names for the top and bottom traders of the day. If so, I'm going to let the RO members vote on the names. If you have any suggestions, list them in the comment section.


Anonymous said...

Champ & Assclown

Rick said...

That midday inverse head & shoulders sure did look good. I fell for it along with quite a few others I'm sure.

downtowntrader said...

Not sure about the top trader but how about Cramer for the worst trader (Chambermaid).

Dinosaur Trader said...


Yeah, I got sucked into that one...

These names are a good start. I need many more so that I can have a real vote.


loanme5 said...

"Golden-Ticket" vs. "Everlasting-Gobb-Sopper" or just "Gobb-Sopper"
No clue about spelling.
"Professor" vs. "Giligan"

loanme5 said...

By the way DT, I don't think I could have survived (trading) without you and Trader X. Anticipating your posts reminds me of when I was a kid; waiting for the next issue of my favorite comic book or as an adult waiting for the next episode of 24.
"Oh boyyy!" (Rubbing my hands together)