DAY TRADING DOUCHEBAGS

Wade Scores - Tait's Punching a Clown

WADE BOUGHT – 20 AA $9.00 CALLS for .70

WADE BOUGHT - 10 CYOU $40.00 CALLS for $3.00         

TAIT BOUGHT – 10 MCD $57.50 CALLS at .95

Wade played AA a day early into earnings.  Made a mid-day run up which he would have missed if Tait didn't save his ass by calling him at the gym.

Wade was only in CYOU a few minutes and exited after a nice run up.  Glad he got out - tanked later in the day and now the chart looks weak.

Tait's sole decision on MCD was the fact he polished off two double quarter pounders last night and didn't puke them up - good trader.  He was a little gunshy after the GERN debacle.  But the rumor on the street is he'll be working some magic tomorrow.  Unfortunately, he'll probably be living on that same street and the magic will consist of a tin cup and a pair of shades.

WADE SOLD – 15 AA $9.00 CALLS for 1.04 and 5 for .82 (+570)

WADE SOLD - 10 CYOU $40.00 CALLS for $3.61 (+610)        

TAIT (Captain Red) SOLD – 10 MCD $57.50 CALLS at .80 (-150)

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DOUCHE OF THE DAY - MCD

PUNCH IN THE FACE OF THE DAY - Ronald McDonald

GERN - Double Douche

WADE BOUGHT – 11 GERN $7.50 CALLS at .80

TAIT BOUGHT – 12 GERN $7.50 CALLS at .80

Like a buffalo following the herd off a cliff, Wade followed Tait into CALLS on GERN, which destroyed us both a month ago.  NEVER learning from past mistakes, we dove back in.  Option price immediately went down and never recovered. 

WADE SOLD 10 at .70

TAIT SOLD 10 at .65

Since we both sold at the end of the day, Wade’s stuck with 1 contract and Tait with 2 - HA. Stock will probably kill it tomorrow.

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We both scalped $150 off a QQQQ’s PUT trade when the market dropped.

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WADE exited his CYOU CALLS from Thursday, breaking even.  Had an ass puckering moment on the drop, but got out near the day high when it momentarily recovered.

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DOUCHE OF THE DAY – GERN

PUNCH IN THE FACE OF THE DAY – TAIT for recommending GERN.  We’re both punching the next person we see wearing a lab coat square in the jaw.