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.

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.

There was a time when I was a successful trader. I made successful trades, predicted with some accuracy the direction of a stock, and made a decent profit. That was in another lifetime though, before wild fits controlled the market and stocks.

What’s with IBM ruining the down market with some sort of crap? Anyone really realize that IBM is just taking the opportunity to buy back stock that is lower than before because of actual reasons? I’m not sure if anyone is paying close enough attention here, and I’m starting to be pissed about it.

First let me say that watching the market head to the negative so well today would mean more to me if BIDU or JCP came out with deadly news. Instead it’s about CPI and some other tri-graph. There’s a little bad news for me, I bought more puts in JCP.

What’s it like to lose over $7,000 (yes, over seven thousand dollars)?  Well.. it pretty much sucks. I don’t know another single word definition to help what I’m feeling, well, not one that I would put on this website at least (this site is SFW, though not work related to most people).  Let me share my pain.

As I sit here, somewhat hoping that BIDU announces complete failure to meet the street’s expectations, I think about how my recent run in trading has been painful.  Perhaps this is one of those “comes in threes” things, like celebrity deaths.

I got to see my puts in BIDU sink to really sickening levels.  I watched JCP go over $51, making my Feb08 $45 puts worth less than clicking a button to sell them.  And of course, C isn’t going anywhere near my calls of $30.  So I didn’t sell.  Again.