3/17/09 amzn rised 6.5% because of this

tog

http://www.forbes.com/feeds/afx/2009/03/17/afx6177899.html

looked at the timestamp and amzn's daily chart. It matches.

I shorted amzn in the last second @ 71.15.  (less than 10% of my account). Target price $65.

Also shorted a financial index. about 10% of my account.

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I look for a pullback tomorrow or on thursday (3/19). I will cover my short position of financial index immediately.

The market keep going up for 6 days (let us say yesterday was a flat); there gonna be a drop.

80% cash, since I am not sure where the market is going. It is pretty bullish to me actually.

Well, praise myself in the end. I don't over-trade anymore. Never use more than 10% of money in one trade. Good.

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源济

tog

> Also shorted a financial index. about 10% of my account.

At the last second before the market close, I added another 10% short position (same financial index)

Now, I am holding 30% shorts and 70% cash.

That is it. That is my max shorting position for the short term.

I am not showing off. Over trading was my biggest problem that I could NOT conquer. I just want to write it down for myself, to let myself remember how crazy a bear market could be. Sure, only using 10% in one trade could make less money sometimes, but it will save your life at other times. You make a call: less money or a healthy life?  

共勉.