Short 2,200 BIDU @ $247

Alright, jump on now while you can. Or not. I’m gambling over a HALF MILLION DOLLARS on this trade. I just wanted to get into this position as soon as I could. I’m using the majority of my account (with 4:1 margin!) in order to short this many shares. It’s really not a smart move because the weakness isn’t showing in the market or in BIDU, but I just wanted to play a crazy game of trading and sort of pushed this trade.

There’s a great chance that I could lose $4,400 quickly. I have a $2.00 stop loss set, so if the stock goes above $249.33 ($247.33 is my entry, plus $2.00) than I should be saved from further losses by my stop.

Let’s see where we go from here… I don’t have a known amount I will be taking profits at just yet.

Short 2,200 BIDU @ $247.33

Good luck to all of you traders and players.