EOD +$796

Today I made money on the poor performance of GOOG earnings announcement.  It went something like “we made lots of money, but you morons expected us to make more”.  Well, maybe that wasn’t a direct quote from the earnings announcement.

Whatever the actual words were, the end result is that GOOG went lower, I made money on it, and now I’m just preparing my month-end post where I’ll tell you what I made and lost for the month of January.

Does anyone actually read this crap I’m writing?  Since I’m trying to appeal to the greatest audience width, I’m refraining from using language that most traders use, so that way the average Joe doesn’t come here and read about the VIX, indicators, volume, and other technical stuff that I have no right telling others about.

This is a site where I make trades and tell you why I chose the way I did.  If I fail, you’ll see it here.  Watch my JCP & CMG loss next week, you’ll see that it’s not all about winning trades when a retard like me is at the button of buying/selling.

BIDU and GOOG paid me today.  One contract each.  If I were smart and followed my own rule (* as posted here), I would be up greater in the paper trade but wouldn’t have had a chance to mark a positive in the cash column today.

Here’s the rule for those of you not interested in clicking anything: Instead of waiting for an option to go up or down based on the day I bought it, I’m going to wait for two days after getting an option.  Unless something huge happens and I need to sell, I think this will allow me to avoid the emotional outburst of selling at the wrong time.

Following that rule, I would have been up another $200 on GOOG and down $180 on BIDU.  That’s still more profit than I have.