About F’ing time. JCP followed the market in its downward movement today (finally), and I got to sell my JCP shares with a profit. I would have been happy covering for no loss, but I felt that it would be rude not to take a small profit when presented with the opportunity. So opportunity arose, I snatched it, and now I’m able to buy a hooker.

I need to make money because if I don’t, I won’t have any money left and someone will repo my humor. And without humor, I might turn into gay Richard at MoveTheBowels. I chose GOOG as my next target because it looked easy to spell and reminds me of my Vietnam days.

I actually sold an option for a profit. I know, it’s really a momentous occassion on which I’ve decided to celebrate by buying another put in another stock. It’s really something that I’ve been hoping to do for a while.. you know.. making a profit.

I sold the BIDU call and lost a little money, but if I were to have held on and sold it near day’s end, it would have been worse. So now that I don’t have that BIDU call, I can start cheering for BIDU to drop. Of course, there’s no logic behind my thinking, it’s just hope. I’ve decided that hope will be my new trading system.

I’m doing too much trading. I started on another trader attack and just can’t get back to it because of work obligations and my requirement to spend all of my trading account money. So here goes another trade, which I hope to be less of a failure than last time, which is really not that difficult to attain.

I’m not sure how long it’s going to be before I get the email telling me that I’m pattern daytrading without the necessary pattern daytrader account value. It seems that some people don’t have the restrictions that cash accounts come with so maybe I’ll avoid the limitations too (teach me your secrets psychic detective of investing).

I’m thinking to myself, I lost when I bought the put on BIDU, so what if… and that’s where I failed. I wondered em>what if which to me turns into let me try. So I tried and need to make this post quickly, so I can cover my loss.

The DJI and NASD and S&P and Russell 2k and everything else that shouldn’t be up is up today. So I figured since BIDU was down $3-ish, I would take advantage of the situation of it’s lag time and buy a call on it.

I did well accepting the AAPL loss earlier today. If I were still holding on the put, I would be down another $80+ instead of just the -$92 loss. So I guess I’m happy I managed my trade and didn’t wait for somthing worse to come along. Though there were several times today that the option was profitable, it never hit my high mark.

Stupid.. Stupid.. Stupid. I shouldn’t have stuck with my stop limit. I got taken out. What’s with AAPL getting downgraded today, the market being down over 160 points right now, and AAPL is up almost 2% ($1.75)? Taking a loss is like failure to me, and I don’t handle failure well.

I had the urge to eat an apple this morning, so I thought that meant I should look at AAPL and decide what to buy, either a put or a call. Since I had a large quantity of AAPL puts when AAPL was much higher, I did have a bias liking for puts over calls, probably because I made profit on them.