There is something in the air. I can smell it just like my great grandpa Enus can feel when its going to rain in his left knee. The air smells like… Fed. It’s going to be another rate cut, another step in devaluing the American dollar. Another step in helping the immediate stock market, at the expense of the long term market. Bernanke will soon start pouring money from all orifices, and I’m here to collect.

I bought calls in C, but my timing was off just enough that I sold for a loss before watching that I nearly hit the perfect bottom of the day’s trading range on the stock. Or close enough. So I’m going to wait until I have more money in my account or I’ll probably only do daily round-trips when it’s almost a lock that I profit.

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 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.

This false jump in the market is too funny. I mean, it was a real jump, but not something that is going to be sustained. Although I really am hurting on my BIDU put, there’s always future hope (for at least a couple weeks). I’m not sure but I might just cover the BIDU put at some point today, but for now it’s GOOG time.

Since the initial purpose of the race is to go from $5,000 to $100,000 (or more), it would make sense that I’m trying to make money. Every trader is trying to make money, so it’s no surprise that I am trying to do the same thing here. The biggest difference on this site is that I show everything every step of the way, making Retard Trader unique.

I’ve noticed that I either screw up and hold an option way too long and lose money, or sell early when there’s profits to be taken. This latest GOOG sell is a great example, I gave up over 150% of the possible profit by jumping onto the sell side too early. Maybe I don’t know what I’m doing.

This morning I was pretty short on time and didn’t get a chance to flip a coin or make an edumacated guess as to the direction of the market or any stock. I saw that GOOG was up this morning and wanted to take a shot at it falling though, so I bought a put. Well, two puts. Right now, it’s not looking good.

GOOG was a same day sale. I better be careful with those. RIMM was held for a little while longer with the end result being a sale for profit. Fiaz left a comment hoping I was still holding GOOG, unfortunately I took an early opportunity to sell it.. bummer. At least I’m getting closer to being able to have the one-on-one coin flip competition.

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.