DAY TRADING DOUCHEBAGS

Tait's Good Mood

Not sure what it is but Tait's been walking around singing Gangnam Style all day.  He's in a great freakin' mood.  Then it hit me.  First time I can remember he's had two days in a row where the market didn't hand him his ass.

Of course it was closed because of the flood.

He's got Calls on CHK and INTC.  Wade's in CHK, JRCC, INTC and of course the FB debaucle which we all know will end in max pain.

Tomorrow should be interesting - stay tuned.

The Many Names of Facebook

After making a HEALTHY profit on the FB earnings news, in a fit of greed, Wade decided to double down and buy 10 more CALL contracts close to the high of the day.  Needless to say, original profits were reduced by 75% (so far) as he's STILL in the option.  (Yes, you read that correctly)

BTW, did I mention the lock out period expires on Monday.  Yeah, I'm sure there will be no more downside.

These are the various ways Wade has described Facebook in the past 48 hours:

Rapebook

Facefuck

Facerape

Fuckbook

Analcoringbook

You get the idea...

Should be a fun week next week.

Classic Douche - Tait Ends Streak

Now, I'm not saying Tait doesn't have balls.  Big balls.  Unfortunately his cranial capacity is in direct inverse relationship.  Point in fact - Facebook - CALLS - THURS (1 day before Oct. options expiration mind you)  Buys a few hundred bucks worth looking for a quick pop. 

Decides to make himself a sandwich.  You know, a nice little break in his otherwise miserable trading day. 

CUT TO: 45 minutes later, Tait trots down the stairs wringing his hands like Mr. Burns - Trade value is now $6 after a downward move.  YES, that's $6.  Has to hold or now he takes a hit on the trade commission and loses another $7.  Fantastic move douche. 

Wouldn't be surprised if Zuckerberg didn't call Tait directly and thank him for lunch.

Facebook = Facepunch

DAY 1

JRCC (James River Coal Company)

Friday, Tait holds out for another nickel and fails to enter a trade.  Good move d-bag.  Only went up 23% today.  He might have been able to afford to have that Hello Kitty tat finally removed.  (Don't ask where it is)

Wade actually did get in Friday BUT, after gloating about the big move up, glanced at his computer to see it was 4:01.  Uh... shit.  Would have been nice to take profits.  No fear, I'm sure it will hold a 23% move on Tues.  Sure.  Should be a fun morning. 

They're Baaaaaack!

After an extended hiatus where Tait finally saved up enough from his car wash job to trade again and Wade finished 12-step (congrats) the boys are back.  Probably not for long as their account value typically goes down like a junior college girl on meth. 

Keep up with the latest and spread the word.  They're hoping to move up to 4 page views a day. (From zero)