This should be good for a quick day trade. I’m only looking to make a couple bucks from this trade, whch I assume will be profitable because of the current direction of the market. Of course, if the market reverses direction, I will be personally responsible for the market upward direction, based on the ONE put that I bought. GS isn’t reporting anything, it’s just a normal trading day. Did I choose poorly?

I’m running out of money in my account. I still have some value to the positions I’m holding, but after buying 5 puts in IWM I only have $35 in cash left in my account. Maybe less. But am I smart enough to be scared? HA HA HA… come on now, if you really think that I’m that smart you wouldn’t be here reading still.

Have you heard the word? C (Chittygroup) might be having some problems in the near future. This isn’t about an April Fool’s joke, this is a joke on people that are betting that C is financially stable and not having to worry about the financial crisis that is impacting the entire United States in at least one way. Here are the links and pictures you should see.

Time for the big play. This isn’t the smartest play, but it could yield some sort of exciting results. I took a majority of the cash in my account and bought puts against C. I’m not just crazy here, I really believe that Citigroup is destined to drop below $20 within 7 days. You heard it here! This isn’t an April Fools thing, it’s a Retard pick.

I wouldn’t know what to do with myself if I let the profits from GS escape me for another week. Last time I could have taken advantage of the sale I didn’t which wound up making me question my trading prediction skills, which should never happen. Ever. So I did what I always do, I sold all the options I had at once.

It’s been a little while since I posted a sale, but its not because I haven’t been in the profitable range (well, maybe a little of that too). Today I decided that COF isn’t going fast enough downward for me so I’ll just sell it and start looking elsewhere. Of course, having a cash account means that I don’t get the $620 back into a usable area of my account the same day.

Yesterday I wasn’t able to entertain both of the loyal readers of Retard Trader (sorry mom and mom). I made one buy yesterday, buying 2 puts in COF. Nothing really fo me to base the reasoning on buying puts in COF as much as it just seemed like a good idea to buy puts. Golly gee Beave, I guess the market is just going to go down.

I might have been a little hasty in mydecision to buy C puts. Might. Actually, looking at it go up nearly 4% right now, I might have been way wrong. I’m not giving up though, I’m just too stupid for that. Cover a loss? Who me?? If I couldn’t do that, I would have a lot more money. One day I’ll post about all the money I left on the table, it will make me ill, but it should be shown.

GS had a nice lift yesterday, but I feel that the stock is destined to drop in the short term. After buying puts first thing this morning (when the stock was up over $1) the stock wend down a couple dollars, but I didn’t take advantage of the selling opportunity. I probably should have, as I see now the stock is moving slowly back into the positive. I’m going to hold until tomorrow on this position, unless…

Being classified as a daytrader with an account balance over $25,000 would be fine. Being classified as a daytrader or a pattern daytrader without that balance gets people on the principals bad list, and you have to clap erasers afterschool or clean gum off from the bottom of lunch tables. Or they freeze your account. Then you make like Lindsey and fall off of trading blogs.