I’m not seeing the climb that I thought I would and actually think that BIDU could wind up turning in on itself and imploding (well, just dropping past my entry point). Even though I do think the market has upward potential today and beyond, I’m not seeing that potential in BIDU so I’m closing my position with some profits and letting time go by.

More later…
Buy 1,500 BIDU @ $238.25
TIGHT STOP!

I know that there’s more downward movement possible with BIDU (and the rest of the market), but I’m just going to take profits now and spend the rest of today doing my work which is what I’m paid for doing by my employer. It’s sort of ridiculous that I just made this much money today when I won’t see anything like $18,300 from work for months.

I shorted 1,000 BIDU at $258.75, it took a couple minutes because of pre-hours, but I am feeling pretty good about this one. I just wanted to get something up early for people that was this blog like a play-by-play. I’ll play a loose stop, probably risking up to $5k on this deal.

I’m still running strong, but not quite as strong as I was. The profits from this week were definitely good enough for a retard trader like myself, but in comparison to previous weeks it wasn’t that great. Since I’m using more cash and my margin, I could have done much better than I did. Am I getting worse plays or am I not reacting like I should?

I’m just looking for something to short today, and I’ll ride it down for profits!

I didn’t capture all of the swing in BIDU today, but I did decent. It wasn’t a big percentage gainer, but enough of a profit for me to be more than satisfied with and since it was a profit, there’s another day that I can come back and trade. Though it would have been good to get in another stock position today, I didn’t see a need to push it.

The slow activity doesn’t give me much hope and since I’m not able to put a stop at $2.00 above my entry price because it would get taken out too quickly, I’m going to just sell with the profit I can get and be satisfied that I didn’t lose money on this slow move. Is there more room for profit on this trade…

The market isn’t moving upward or downward, more sideways for now. I’m good with that, as long as BIDU doesn’t lose any ground. Pre-hours I bought 1,000 shares of BIDU because I thought that I would take advantage of a quick jump that I thought was going to happen. While I have a semi-loose stop, I also put in a sell $5.00 above where I entered. Well …

The market was heading downward today, it was pretty obvious from the opening bell the direction. I knew that I was on the right side of GOOG and BIDU today when I shorted, I just didn’t know how far I could have taken GOOG and BIDU dow before they leveled or came back up. Turns out I was really far off, but since I made profit and was able to not watch the market all day (which drives me crazy), it was good for me.