BIDU steals over $3k while GOOG gives $600

There’s some serious sadness today in my life. I accepted a loss. But what I accepted and when I accepted it shows that I’m just a Retard still and haven’t learned what it makes to make a profit in the stock market, yet. While learning my lessons along the way, I have decided that I MUST get my account above $25k.

Not being able to daytrade in an account has taught me something that I have never been able to accept in my personal life.. failure. I’m still not really accepting of failure, I’m just being forced into dealing with it.

Let me start with the goog good news, GOOG did well in it’s dropping, though for several days it fought the natural direction that any longer term chart would show. There is really a low floor for GOOG. Depending on who’s in charge of drawing fib lines, I’ve seen a potential bottom of GOOG being somewhere from $415 down through the early $300’s. Truth is that charts are great and some people are experts at charting and could show nearly anything using hindsight, but nobody is truly expert or they would be so busy making billions of dollars they wouldn’t have time to share their charting prowess.

It’s also worth noting that charts might be helpful in astrologically foretelling the future, but they are only a snapshot of the past.

I took advantage of part of today’s downward movement in order to get out of the GOOG position.

Sold:
GOOG Apr08 $460 put (GOPOH), 1 @ $49.00
Entered 3/11 @ $42.50, exited 3/17 @ $49.00
15% profit for +$648
stock price entered $430.77
stock price exited $422.06

Then there’s BIDU and the sadness that I’m not always right. I’m actually better off admitting to be wrong and incorrect and not-right, but admitting it and actually accepting it are different to me. I have problems taking the loss because I’m admitting a loss or failure, and though it’s part of life, it still hurts and sucks. I’m sure that anyone that had calls or stock in BSC doesn’t need me telling them about pain and suffering though.

I’m not sure if BIDU was ever a profitable put position. It’s been too long and I don’t accurately track the options that I invest in like I should. Not yet at least. Maybe I should start tracking those options better.

Sold:
BIDU Mar08 $250 put (BDUOJ), 1 @ $5.50
Entered 2/7 @ $37.80, exited 3/17 @ $5.50
85% loss for -$3,232
stock price entered $233.60
stock price exited $266.43

Well folks, that’s enough pain for today. I think.