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!
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Subscribe to:
Post Comments (Atom)
MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
-
I was stopped out of CNAM this morning for a profit of roughly $480.00 after commissions. My stop was a little tight but I do not mind being...
-
BIG PICTURE: Still in an up trend. Still long biased! MY BEST IDEAS: $RKT: Recent IPO. After an initial 2 day pop, it pulled back for four...
No comments:
Post a Comment