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.

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…

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.