Warrents (Difficulty of the market)

Seriously seriously seriously, its super difficult to predict the market.. and yes i have been a victim of the market of which i lose like #K #,000!!!! WTF right.. but seriously i also learn alot , words like Fed interest rate cuts, exports imports, the relation between china nd US, bEAR STERNS, UBS, investment capital infusion blah blah blah and so on . The market somtimes like to give very bearish news to cheat ppl like me into buying a put warrents, then suddenly raise due to another fed cute rate. Then somtimes also when the rate cut liao, the credit crisis sticks its ugly head into the market again when i bought call warrrents.. =_+ pissing me off. But again blame not the market , but blame myself for being so arglable. I thinking of whiching into stocks, but watrrents are more exciting and makes money faster like wise loss it faster. Now i have a better defence again losing money against warrents
1)CUT your loss on time 2)Set exit strategy 3)TA and fundamentals must be there 4)Nv buy BNP warrents lol 5) Do warrent caculation on probablity
Now i think im still going to play with warrents , but this time with more care.
Btw i have a dilama with the $400 allowance, wheather to give this a tidings or not hmm ...
anyways back to warrents, i have a few theroies that might work. and hopefully it works, if not then i think im going to change to buffet style stock pickings liao. =_+
all the best to me and my warrents for the new year. Bye bye