This false jump in the market is too funny. I mean, it was a real jump, but not something that is going to be sustained. Although I really am hurting on my BIDU put, there’s always future hope (for at least a couple weeks). I’m not sure but I might just cover the BIDU put at some point today, but for now it’s GOOG time.

Since the initial purpose of the race is to go from $5,000 to $100,000 (or more), it would make sense that I’m trying to make money. Every trader is trying to make money, so it’s no surprise that I am trying to do the same thing here. The biggest difference on this site is that I show everything every step of the way, making Retard Trader unique.

Sometimes a win isn’t as sweet as a loss. If you have ever been really far under a trade, for some reason a trade just got away from you, and you showed patience and wound up being able to sell and cover most of your losses, you know what I mean. This isn’t one of those times though.

I’ve noticed that I either screw up and hold an option way too long and lose money, or sell early when there’s profits to be taken. This latest GOOG sell is a great example, I gave up over 150% of the possible profit by jumping onto the sell side too early. Maybe I don’t know what I’m doing.

KERX is a stock I have not heard about prior to today. It’s also a company name which I have never heard of before today. I took the chance that there will be a small bounce in the stock and bought some shares. Usually this works out for me, though usually does not equal always.

I didn’t sell anything. I did buy the two puts on GOOG this morning, probably permaturely. I would have sold at some point today, and profited like $240, but I didn’t want to get my account classified as a pattern day-trader (yet). When I have the < $25k, I’ll be trading several times daily. Until that time I just don’t want to receive punishment.

This morning I was pretty short on time and didn’t get a chance to flip a coin or make an edumacated guess as to the direction of the market or any stock. I saw that GOOG was up this morning and wanted to take a shot at it falling though, so I bought a put. Well, two puts. Right now, it’s not looking good.

Not sure if this will work out or not. The USD has already been given a smack down, so there’s less likely that I’ll be right on this. Actually, consider this just a random chance of trying to make money with Forex, because I have no clue what I’m doing with Forex trading.

Well look what happened to me!?! Unbelievable, but apparently it was all because I took the opportunity to sell C this morning first thing. It must have cause the huge chain reaction which was one of better days (any profit always beats any loss). Speaking of a beating.. I broke three mice while voting at The Trading Fraternity last night.

GOOG was a same day sale. I better be careful with those. RIMM was held for a little while longer with the end result being a sale for profit. Fiaz left a comment hoping I was still holding GOOG, unfortunately I took an early opportunity to sell it.. bummer. At least I’m getting closer to being able to have the one-on-one coin flip competition.