Chitty came out of the closet. Actually, it’s more like this: Chitty is a $127 billion company that mentioned they are going to have a garage sale, selling as much as $400 billion in assets. The assets are old though. Really, really old. So Chitty is going to have a meeting today and talk about something, but until that time Chitty has been a little negative pre-market trading. Will it continue? It should, and I’ll tell you why.

I haven’t been posting here, but it’s only because I’m watching the market through tear and blood soaked eyes. Though my account balance has been less than it is today, it is within a bill or two from it’s bottom, so you aren’t missing much. I’m not sure where the market is headed but I do know that if it’s going down, I need Chitty to get there before OE on the 16th.

I’m taking a small vacation. I’ll be leaving within the hour, it’s time for me to go to Vegas and get some gambling going so that I stop gambling with my Chitty position. As of the last time I looked, my account is nearling valueless, so there’s not much to report. I was happy to see the market come down from the DJI up over 100 points to only be up like 25, but still my puts are worthless.

I’m still around. I really don’t have much in the way of the stock market to say, so I just haven’t posted. My account value went down yesterday and if it went up today, I didn’t pay close enough attention to it. I’m not pulling a Lindsey, I haven’t abondoned my failured trading or this blog, just nothing much to say. You know how I feel, because you’ve felt something like it too.

I’m just tired. It’s a mental exhaustion that just won’t go away no matter how much I sleep. In order to avoid the market and its toll on my account, I’ve been keeping myself really busy with work and consulting, but it’s really just a useless distraction that isn’t working like I had hoped. Hope.. that’s my problem. Never, never, never should a trader count on hope.

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.