Just a spectator right now

Since I’m not able to daytrade with less than $25k in my account, I’m in watch only mode for today.  I’m all out of money, it’s all in options.  All of it.  Wow, how scary.  Worst part is that I’m in the general wrong direction in all the options.

I’m holding C calls, those are worthless.  My action was based on bad information, and my action was stupid (25 calls?).  It’s worse, I’m more of a put than a call.  Since I acted poorly and got calls instead of puts, I’m severely punished with this position.  Stops?  Nope.  I should have, but should is another “sh” word for me.

JCP puts. Ya, that’s a bad idea right now.  Glad I added to my losing position more yesterday.  I’ll be sure to starve for a few weeks in order to make up for that mistake.

BIDU.  Hello?  Are you there BIDU?  I’m expecting you to drop some more.  I just want a little piece of your collapse which started from over $400, it’s only at $231 right now.  There’s still another $20+ drop left in you, I can tell because I made some linear lines and it showed me that you might drop down more.  So drop.

Today might end up, even though the DJI is down 69 points right now.  It’s not a good thing for me, because I would make much more on drops in JCP and BIDU than rises on C.  C is a lost cause at this point.  Funny thing, I saw a load of C Feb08 $30’s go out yesterday, I’m not sureif someone was predicting a future or just trying to make some money selling options they won’t be called on.