The market took a drop today, not quite enough to make people trade away everything and start hitting long coverings, but enough to make anyone with puts or shorts start to smile, including this Retard. Pretty happy day for me, so far.

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.

I’ve lost family due to death.. I’ve lost friends due to poor knot tying skills.. and I’ve lost money to the stock market. Today’s update is that all family is alive (damn inheritance will be farther away now), surviving friend is still locked in basement, but the stock market is kicking my ass, still, again.

GRMN reported good earnings, above estimates by experts. Unfortunately someone let GRMN talking heads speak on a phone call and they came out saying something about higher costs and lower sales in the future. The result, I bought a put with my last dollars.

Three round trips today.  It’s nice to be able to do what I want- I’ll be able to do multiple round trips until my brokerage labels my account a pattern daytrader account, which should be any day now…

My limit order didn’t fill so I missed out on getting BIDU puts.  So no trades for me today.  I’ll just have to wait for a new opportunity to come along.

$5000 in my account.  $5000 in Michael’s account.  And with today’s opening bell, our competition started.  Our race to $25,000 and beyond.  I could have started trading pre-market but I knew better than to do that.  Because of daytrader pattern account rules and our accounts being below $25,000, we have limits on how much we can trade in a day.  I knew Michael wasn’t going to waste his buying power on stocks and I wasn’t going to either.  Options - that’s where leverage is at.