Wednesday, March 18, 2009

Yo La Tengo, "The Summer"

So many hot naked chicks in this video it's hard to know where to start...

The RO Report, "Free Money" Edition

There was no St. Patrick's Day hangover for the RO today.

I don't really understand what all the economic news means. All I understand is market movement. The fact that we ripped, I mean RIPPED off the FOMC news at 2:15 and held most of the ground into the close is very bullish.

This has been one hell of a bear market rally. But it's important to realize that we're still only at 7500. It could still have legs... we have been so beaten down. And really, although the shorts are getting squeezed here, they haven't felt enough pain yet. I kind of feel that this rally is going to end with a real blow-off top at some point. Of course, that's a very non-scientific feel I'm offering...

Anyway, the RO kicked ass. Out of 32 traders today, 26 were gross positive or 81%. 13 traders made over $1,000 gross and 3 lost over $1,000 gross. It's important to note that the 3 who lost over $1,000 gross are all swing accounts... active traders were rewarded by the market today. I was #12 of 32. Okay.

Solid days by a number of traders.

"Lucky Pierre" - Trader D, $27,985 on 1 million shares traded.

2. Trader B, $21,466 on 413k shares traded.
3. Trader Z, $17,032 on 429k shares traded.
4. Trader C, $12,583 on 847k shares traded.
5. Trader N, $8,993 on 131k shares traded.

"Chambermaid" - Trader H*, -$5,246 on 11,400 shares traded.

2. Trader 9*, -$1,224 on 2,300 shares traded.
3. Trader 10*, -$1,021 on 0 shares traded.
4. Trader F, -$559 on 289k shares traded.
5. Trader 4*, -$215 on 0 shares traded.

Dollar Crushed, Gold Rips

Dollar shits.

Gold shines.

Another Person Who Shouldn't Trade

Position sizing is important, so don't take on more than you can chew. If you do you could quickly fail.

Backyard Dancing Body Slam - Watch more Funny Videos

I don't have a history post for the day, so instead I'm going to switch on CNBC and get all "old DT" on you.

UPDATE: Fuck that. I can't torture myself by writing snarky posts about CNBC today. It's too nice outside. I'll be back for the FED news. Don't churn.