• Short 500 BIDU @ $226

  I’m on the wrong side of a deal, but didn’t set my stop at a regular level this time. I’m going to let the race determine when I make a profit of loss. The sway is $10 in either direction. So I shorted BIDU at $226.69 and my stop loss is $236.6 and my pofit taking is set for $216.69. This is just a way to gamble, it’s not based on anything else. I’m playing with the house’s money in my mind…

  10/7/2008 6:25 am

• I’m watching but not acting

  I figure that everyone that would read this blog would read a lot more intelligent areas for news, so I didn’t see the need to write stuff like the market is under pressure from the bail out crap. I’m watching BIDU come down from a higher amount. Same with lots of other stocks that I am watching. What are you watching?

  10/3/2008 11:53 am

• Covered 2,200 BIDU @ $235, profit $26,026

  The bottom isn’t in yet, but I’ve made enough on this deal to be quite content and will just pull back and enjoy the victories as they come. I thought about covering a percentage of the position and then covering more later, but that never seems to work out for me. Besides, I just made $26,026 and need to get back to my full-time job…

  10/2/2008 12:02 pm

• Short 2,200 BIDU @ $247

  Alright, jump on now while you can. Or not. I’m gambling over a HALF MILLION DOLLARS on this trade. I just wanted to get into this position as soon as I could. I’m using the majority of my account (with 4:1 margin!) in order to short this many shares. It’s really not a smart move because the weakness isn’t showing in the market or in BIDU, but I just wanted to play a crazy game of trading and sort of pushed this trade.

  10/2/2008 8:02 am

• Sold 1,500 BIDU @ $246, profit $11,745

  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.

  09/30/2008 9:12 am

• Long 1,500 BIDU @ $238

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

  09/30/2008 6:13 am

• Covered 1,000 BIDU @ $240, profit $18,300

  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.

  09/29/2008 8:14 am

• Short 1,000 BIDU @ $259

  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.

  09/29/2008 6:17 am

• End of week + $10,822

  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?

  09/26/2008 4:46 pm

• Get Shorty!

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

  09/26/2008 6:32 am

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