Originally Posted by Conveyor Belt

Brake levers are set a bit to high. They should be about 45 degrees in relation to your handles. That way, your hand position shouldn't change when you have to apply the brakes.

Also, unless you're that short, you might need to raise the seat some. Seat should be at hip level when you're standing next to the bike. Tip toes should touch the pavement. Leg almost fully extended on the downstroke.