Sometimes when I have a feeling about a stock, I ignore it. Same goes with charting, fundamentals, and more. As many traders have followed their beliefs or interpretation of charts and lost, there’s no guarantee way to pick a winner. Welcome to my world.
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 didn’t sell anything, only bought puts. Of course, I was sweatin’ things more when I noticed the two companies I bought puts in, JCP and BIDU, were both losing money faster than OBAT and his destructive day yesterday. Thankfully the bulls are full of bullshift and didn’t keep the DJI up over 100 pts.
JCP really shouldn’t be up 10% today. Not even 9%. It just shouldn’t. Since I know it shouldn’t, at it knows it shouldn’t, I’m taking this opportunity to buy puts against JCP. Take that you loser!
I bought a BIDU put, it’s a special one. I’m going to print out the order, then I will stick it in my pocket and pet it. This is how I will make money from this point on, as my other way of trying to follow trends and go with charting just sucks ass.
Does anyone know what it’s like to eat in China? How about eating seafood in China? Let me describe for you what it’s like, without all the nasty detail. You walk up to a fish tank, point at the swimming (or floating) animal you want and it’s served to you very shortly afterward. I’m pointing at a squid right now.
Made one trade, sold CMG. Not at the bottom, but not at the top either. Though the CMG drop continued after I exited, I’m alright with this for now, I really liked getting the profit on a trade which makes me feel more confident about my JCP position.
What is a retard to do when he’s handed a good chance to make money, like with CMG? The answer is that the retard (that would be me), sells and takes his profits. That’s what I did. I’ll do it again too.
Today sort of went my way, but not enough. There’s not enough days of profit happening for me, but I’m probably not taking enough time to work on my trading. Whenever I get any free time, it’s dedicated to offending people and or trying to make myself and my friends laugh.
There comes a time when a retard can find a chance to shine, in this case I’ll be aiming at the Rich Ass Jew (RAJ). Raj is better known as Timothy Sykes. He’s a D-class celebrity. Word is that not even Kathy Griffin give him the time of day. So will I?