DWAC shorts just got put on notice... interesting.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (50)
sorted by:
It means if you want to short it you have to have 300% the value of the stock in assets because if it goes up a lot you could end up owing a ton. So if you wanted to short $10,000 worth of the stock, you'd have to have at least $30,000 in assets in your investment account.
This is my 1st investment in stock. What is shorting? I know sounds dumb.
There's additional risk shorting stocks, too, because you have to pay interest on the borrowed shares. So if the price doesn't fall fairly quickly, you can lose a lot of money.
Correct, unless you play with naked shorts, which means there’s nobody expecting that share because it technically doesn’t exist.
Unless, of course, Apes hold the float 😏😏😏
It means betting that the price will go down instead of up. But to do that, you have to borrow (step 1) shares to sell (step 2); then buy them back to close out the transaction (step 3). The "borrowing" step is an extra step compared to just a normal buy low/ sell high aka "long" like what you did. I've been trading over a year and I never short- it's more complicated and risky so I have avoided it. If you want some entertainment, the movie the Big Short is based on a true story of the guy that bet against the housing market before the crash. Here's the best scene. https://www.youtube.com/watch?v=Cxjdj5_5yNM. Edit: The scene is him borrowing the shares to short of mortgage backed securities.