Monday, May 17, 2010

Update...current positions

I added 69 shares to my short position in MSTR this morning @ $76.68. Now I am short a total of 144 shares at an average price of $77.2060 with a stop loss @ $79.00. So I am risking about $275.00 including commissions on this trade.

Although this is significiantly more than 1 R. I have managed to put my entire account on full margin short MSTR. So although I am essentially 200% short I am risking less than 6% of my account. A 6% loss I can live with inlight of the fact that I believe the markets are heading much lower.

I do not know what the future will bring but I will wait and see.

In the meantime, good luck and good trading!

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