i learn something about shorting today
according to investopedia
when you short, you borrow the stock from your broker and sell them.
you than buy the stock back a later day hopefully at a lower prices and give it back to your broker plus interested
but here's the interesting part. those stock might not even belong to your broker
why is your broker selling stock that don't belong to them, to other people to short
those stock belong to other people like me, jane, james, etc...
lol interesting huh. shouldn't it be illegal for selling one proptery . food for thoughts.
In gambling halls, it is illegal but the first time that I saw it was when I was just a little boy and we get these annual viet/chinese new years fairs and they have asian style gambling there. Anyone with money can gamble and so I place my bet lets say $1 and some old viet guy be taking my bet and put it somewhere else. If I win and he loses, he then becomes the bank and he pays me my fair share of $2. If I lose and he loses, he pays me nothing and he gets a free ride. If I lose and he wins, he keeps $2 all to himself. The advantage to this shorting game is on him. He has the money to take the bets and with no money, he can make money or if we both pick the wrong spots, he loses nothing.
I did not like such style though but it was allowable. With stocks, only thing I know is that there are buttons called "buy to cover" and "short sell" for me. I don't talk politics or ethics here. IF there are buttons for me to push to execute, I will do it.
I keep my fundamentals when I do this. I put a stop limit just in case I am wrong. In gambling, the fundamental is this. If you must lose, you lose less and if you win, you win big. It is the only way to play this game.
They will not let me short if I do not have the money to back it up. They can even sell my stocks to recoup the loss if I am wrong too. It is risky but going long is also risky. Like I have said before. You keep it simple and you do what you know how to do best. I am shorting for knowledge on the darkside and who would of thought I would make more money doing this.
one thing. I don't get is for example VLTC
just because some billionare invest the sheep and pig jump in like crazy
you're just making the billionare richer lol
it is us who make the rich get richer
we should only blame ourself
Just like getting a law suit going. The billionaires are lawyers and so when they win, the small guy win too. Now to win, he needs a bunch of small guys to sign a petition that they were a participants in the law suit. I know of a penny stock that the company is doing well, said so by the ceo himself and he also apologized that he has no control over the movement of his stocks due to investors pumping it up or killing it. I know, the stock market is stupid at times, makes no sense to the common person and is all blood money if you think about it. I try not to think too much into it. It is me against them all. Long trying to win and shorts trying to screw.
I'm not giving out ticker no more. good luck.