I figure that everyone that would read this blog would read a lot more intelligent areas for news, so I didn’t see the need to write stuff like the market is under pressure from the bail out crap. I’m watching BIDU come down from a higher amount. Same with lots of other stocks that I am watching. What are you watching?

The bottom isn’t in yet, but I’ve made enough on this deal to be quite content and will just pull back and enjoy the victories as they come. I thought about covering a percentage of the position and then covering more later, but that never seems to work out for me. Besides, I just made $26,026 and need to get back to my full-time job…

Alright, jump on now while you can. Or not. I’m gambling over a HALF MILLION DOLLARS on this trade. I just wanted to get into this position as soon as I could. I’m using the majority of my account (with 4:1 margin!) in order to short this many shares. It’s really not a smart move because the weakness isn’t showing in the market or in BIDU, but I just wanted to play a crazy game of trading and sort of pushed this trade.

I’m not seeing the climb that I thought I would and actually think that BIDU could wind up turning in on itself and imploding (well, just dropping past my entry point). Even though I do think the market has upward potential today and beyond, I’m not seeing that potential in BIDU so I’m closing my position with some profits and letting time go by.

More later…
Buy 1,500 BIDU @ $238.25
TIGHT STOP!

No trades for me today.  My balance screen says my cash balance is $2415.26 and my buying power is $0.  My Customer Info screen says:
     Trade Authorization: No
     Pattern Daytrader: Yes
     Account Status*: Closed.

I haven’t put additional funds into my account… not yet anyways.  For now, I am waiting for an opportunity.   

i think i did it again
i made myself believe
my account would go up

I’m definitely leading in the race to $0 thanks to JCPenneys (JCP).  I have absolutely no desire to blog in detail about the horror of it, so I’m not going to. 

New Year’s Eve.  It was an account-goes-nowhere day for me.  A couple of daytrades left me down $11 for the day.  It’s fine for me if I take small steps backwards then take big steps forward.  This hasn’t happened since the Retard Race started 6 weeks ago but things can happen fast when trading options.