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re: I have a really stupid and dumb (or both) question about shorting a stock...
Posted on 1/26/16 at 10:47 am to The Egg
Posted on 1/26/16 at 10:47 am to The Egg
First you need a margin enabled account. Second you go to the trading screen and select short instead of buy. Thats it. To close out your position just purchase the same amount of the stock later.
eta: If you do this, have a stop-loss price in mind and set a trade execution for that price. If not the stock could take off on you in a split second and your fricked
eta: If you do this, have a stop-loss price in mind and set a trade execution for that price. If not the stock could take off on you in a split second and your fricked
This post was edited on 1/26/16 at 10:50 am
1
Posted on 1/26/16 at 11:10 am to barry
quote:
If not the stock could take off on you in a split second and your fricked
This happens in commodities trading with volatile contracts. I've seen a few limit down days in a row. Might be way past your stop loss.
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