US stock discussion v3, Double Bottom coming?
|
|
 Sep 2 2011, 09:00 PM
Return to original view | Post
#1
|
 
Junior Member
200 posts Joined: Jul 2007  
|
Guys, I'm kinda new to US stock trading and would like to understand the meaning of short selling more clearly.
Consider this scenario: I'm holding 200 shares of XXX share bought @10.40 yesterday. I sell 200 shares of XXX share today @10.80. After that, re-bought 200 shares of XXX @10.00. Is this considered short selling? |
|
|
Sep 2 2011, 09:27 PM
Return to original view | Post
#2
|
|
Junior Member
200 posts Joined: Jul 2007
|
QUOTE(danmooncake @ Sep 2 2011, 09:18 PM) No! Great, thanks Dan!Short selling, it means you don't hold ANY stocks of XXX but you borrow from your broker to sell it, then hoping when the price declines, you BUY it back and return that XXX stocks to your broker. You pocket the difference. In other words, Short selling is buying stocks in REVERSE. "Gostan" trick. Only mature markets like US allows you to make money either when the market goes UP or DOWN.   |
|
Topic ClosedOptions
|
| Change to: |  0.0550sec
 0.54
 7 queries
 GZIP Disabled
Time is now: 10th December 2025 - 11:13 PM |
Quote