I might add that I didn't last long at short-selling. I found it a bit nerve-jangling !
If you buy shares normally ( going long ), the most you can lose is your total investment in that stock.
However, with shorting your losses can be infinite ! Say you short a stock & it continues to go gangbusters northwards instead of down as in your plan. If you wait for it to come back down again to cover your short ( buy them back ), it may not come back down and continue into orbit. You end up buying them back ( short-covering ) at a premium to your short-sale.
J
I might add that I didn't last long at short-selling. I found it...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $30.96K | 14.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 13859001 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 551428494 | 224 |
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| Last trade - 11.32am 30/08/2024 (20 minute delay) ? |
| 88E (ASX) Chart |