I don’t care if the market goes up 10% today (well, I do, but it won’t). Even with the DJI pushing up over 340 points right now, the NASDAQ up over 60 points and the S&P chugging away over 37 points, I’m happy with my puts. That’s right Ben, bring it on bitch! I’m not going anywhere and just to be sure, I was smart enough to buy April puts.

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 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.

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.

JCP is up on earnings, which were less than last year and pretty much not good, but the stock is up pre-market because I guess the trading world expected JCP to fall flat on their face. Here’s the Dow Jones news on the earnings: J.C. Penney Co.’s (JCP) fiscal fourth-quarter net income fell to $430 million, or $1.93 a share, from $477 million, or $2.09 a share, a year earlier.

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.

Here it is, the post that many of you have been waiting for.  Sadly, this post will likely have a larger view and reading count than other popular posts on Retard Trader like Timothy Sykes psychic detective, Trade Authorization: No, and the lead into this post which is Losing thousands of dollars.  The reason for the potential higher reading count, I have failed.

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.