So what happened?
Not much. Both Woodshedder and I made money, albeit not a great deal. However there were some points of interest; we picked that it would probably be a trend day…it was, Woodshedder picked that the DJIA would see -300, it did.
So how come we made chump change?
I think that is the wrong way to look at the day. We didn’t break any rules. We didn’t take any small scalping trades, although we correctly picked about 10 that worked out, we knew that GS was trading tick-for-tick with the index, we knew we had no edge today, we didn’t lose any money. Therefore, it was a successful day in my book, even though we only made a small amount of money.
However, there is an upside to everything…GS has set-up for an excellent trade Monday 3’rd March, I’ll post the analysis later over the weekend.
March 1, 2008 at 9:30 am
Fun day. I made $53.00
Now I know what it feels like to be one of you daytrading schmucks who gets to sit around in his pajamas and instant message other traders all day.
March 1, 2008 at 11:24 am
Wood,
Compare your returns on 200 shares [round trip] to the VO and on a % basis we did pretty good.
Friday was a hard day to make money.
jog on
duc
March 1, 2008 at 11:51 am
Actually, it was 400 shares [round trip] but you’re right about the % basis.
I haven’t seen the VO report yet? I thought DT had hired someone to cover the VO?
March 1, 2008 at 12:56 pm
Wood,
Go to the 10K link, you’ll find the new VO
Even with our small earnings, we were pretty close to the top on a fraction of shares traded.
jog