Latest Forum Topics / Others | Post Reply |
How to short sell?
|
|
teeth53
Supreme |
18-Aug-2006 20:40
Yells: "don't learn through life, learn to grow with life " |
x 0
x 0 Alert Admin |
"Chen Wan Boo Yao" Try not to, need instant instinct, gut and bravery, for instant today eg Synear food 1st, say trading, it px open at $0.84 and ride up to $0.86/$0.865 very quickly before it dip to $0.815/$0.82 will u be able to recovery back or buy back when px suddenly shoot past again passed $0.845 cents, even alot of fulltime day trader don do that unless they r absolute sure and even then big boys alway like to catch SHORTISE off guard. |
Useful To Me Not Useful To Me | |
allantanhc
Veteran |
18-Aug-2006 20:35
|
x 0
x 0 Alert Admin |
I agree with view expressed by chandler_ling97. Unless you are very savvy, selling short may have a higher chance of losing money as time and cost are not on your side. For counters that have "put" warrants, you may consider buying "put" warrant that is actively traded as an alternative if you think the counter will go down in the short term. But beware of the leveraging factor. Should you read the trend wrongly and market acts against you, you need to be decisive to cut loss and go. Hope this helps. |
Useful To Me Not Useful To Me | |
|
|
chandler_ling97
Member |
18-Aug-2006 19:30
|
x 0
x 0 Alert Admin |
Prettylisa .. it's not advisable to short sell if u don't have reliable inside news regards the particular counter your aiming. Contra you still have 3 days grace time + 3 - 5 payment days ( depending on which firm ur using) to play around the situation if things doesn't turn out well to you, but short-selling you only have a day of mercy .. |
Useful To Me Not Useful To Me | |
alto26
Member |
18-Aug-2006 19:09
|
x 0
x 0 Alert Admin |
U have to open a CFD acct with philips to short sell. its borrowing scripts like they say. If u just short w/o borrowing, u need to do it within the day. that means sell & buy back on the same day. Otherwise u are consider doing "naked short". whereby, SGX will buy it back for you in T plus 4(likely) days depending on them & at a price 2 bids higher at day's highest bid. |
Useful To Me Not Useful To Me | |
prettylisa
Member |
18-Aug-2006 16:42
|
x 0
x 0 Alert Admin |
Hi everyone, I have read some postings that mention about shorting. Can I know how to do shorting? I make use of Poems. Can I use Poems to do shorting? Please advise me. :) ~ lisa |
Useful To Me Not Useful To Me |