No trades for me today. My balance screen says my cash balance is $2415.26 and my buying power is $0. My Customer Info screen says:
Trade Authorization: No
Pattern Daytrader: Yes
Account Status*: Closed.
I’m definitely leading in the race to $0 thanks to JCPenneys (JCP). I have absolutely no desire to blog in detail about the horror of it, so I’m not going to.
New Year’s Eve. It was an account-goes-nowhere day for me. A couple of daytrades left me down $11 for the day. It’s fine for me if I take small steps backwards then take big steps forward. This hasn’t happened since the Retard Race started 6 weeks ago but things can happen fast when trading options.
I exited everything - both my SolarFun puts and my Baidu call. I just want to be all cash for now. The market just feels done for the year and I feel done for the year too.
Oh I’m still here. Market is acting lazy and it’s making me lazy. My brokerage has been retarded lately and has been giving me log in problems. I have managed to place some trades though.
I watched the market a lot today, but did very little. I think it was because it opened up and I didn’t expect it to go down today. I was right - it stayed up and Nasdaq closed at 2691.99 + 51.13. Just two options daytrades for me today.
Just one daytrade for me today. It was in Celgene CELG. When I saw it this morning it was at $43 (-$4.32), so when I saw it over $47 later in the day I figured it was time to buy puts- I went for the December puts that expire tomorrow. Of course it zoomed up to over $48 after I bought them.
MA performed a lot better than I expected it to today. Not so lucky with JCP. It closed at $44.01 and the calls closed at around what I bought them for. I exited my MA call and I’m holding all 10 of my JCP calls overnite.