Help says:
The 'Watches' page in your user profile displays a list of all pages and spaces you are currently watching.
To manage your watches:
but unfortunately I can't see this option in my profile :(
That option is available for Confluence and not JIRA.
In this case, what is the use of the Waching properties_
In this moment I waching over ten issues in a project but can't see them anywhere . . .
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It means you will be notified by email whenever there is a change to one of those watched issues.
You can add a gadget on your dashboard that shows all your watched issues or create a issue filter
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