I thought I read somewher ethat you ar enot to short stock or you would be breaking the rules, IS this true or NOT. What I mean by shorting.. I buy stock 1000 shares of ABC@ 10.25 then 15 minutes later sell it @ 10.00 Is this allowed?
Let me clarify more.. I understand there is a Uptick rule or zero tick rule. Can someone give more details on this, I have no way to tell a uptick or zero tick since my trading platform only shows 100 tick as the smallest?
If you buy a 1000 share of ABC and sell 15 min you are not shorting.... Shorting is when you sell a stock you don't have and try and buy it back for less then you sold it for.... Nick
Nobody replied because it's a waste of resources here. Stop creating threads, and use the "search" button, please.
Oh yeah like Im burning a hole in your pocket..If you dont have a way to respond to the question at hand then justy move on. Oh and the threads are about differnt questions also
I have three suggestions. 1. Learn to use the spellcheck function. 2. Get a better ESL teacher. 3. Stop asking elementary questions that can easily be answered by using the search function.
buying now and selling 5 minutes later is called daytrading, not shorting shorting is when you bet on the stock falling, so you borrow the shares (theoritically) you'll get -1000 of the stock @ $25.00 And then the stock drops to $24.00 You buy to cover +1000 shares back @ $1 profit $1000 profit.
Motion seconded, Ebo. Ebo is an yet another example of who's time/resources you are wasting here couponjohn. Buy a book, a course, a video....something, or just use "search". Please note the name of this site.
Cool web i understand that but what about the uptick, is that in effedt ? As far as the rest that repy with search , maybe you should use that feature to move on.. If you cant or dont want to supply a answer MR know it alls then MOVE ON. I think Mr Nimmbopoop got shorted recently/