What is my average cost?

Discussion in 'Trading' started by EqtTrdr, May 9, 2003.

  1. If I short NQ @ 1150

    cover 50% at 1130

    then short again @ 1150?? what is my average cost on the position?


    I say 1150?

    The trader next to me says 1160??? WTF??
    saying

    "1150-1130 =+20"

    "20/2 = 10"

    "1150 +10 =1160 cost"


    I dont get it???
     
  2. dvs

    dvs

    1160 means if you get of the rest of your position, you will have 0 loss...
     
  3. thx! :D