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.

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.

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.

RIMM came out with great news, so I bought a put. Umm… you think that I could convince you all that I’m a retard or is it going to take more? I’ve included the screen shot below of the buy, just so that there’s no question about my insanity being real vs. virtual.

I’ve decided that there isn’t enough risk with just options, so I’m going to be adding functionality to trade things like futures (DJI, grains, etc…).  This should add some more fun and increase the likelihood that I’ll lose money.

That’s pretty impressive.  The reason that it’s impressive?  I held onto a put position since before December’s earnings where the stock went from the $100 to $120 level, seriously leveling the value of my Mar08 $120 put.

Here’s my strategy for this trade.  I will only hold until I make or lose 10% of my trade.  I know that in options the ability to make far greater percentages is possible, and it might be more difficult for me to constrain my profit or loss to that percentage.  Alright, so maybe 20%.

Today wasn’t usual, it was good though.  After having watched a loss of over $1,600 change my trading ways and cause me to alter my rules of trading, I was lucky enough to have followed my new rule and just waited until the end of the day and sold some options.

The tide turned enough for me to exit part of my RIMM positions and out of FXP.  I could have exited RIMM entirely (actually, entirely entirely) but did not do so in hopes that there will be more profit to be made tomorrow.