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$UP Fintech (TIGR.US)$ some idiot shorting it again, 34k sel...
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Discussing
Trump 2.0 Era: What's the next opportunity in the markets?
▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
老Uncle : Is Holkkie you?
102512700 : I think the 34k was set as blocker so that price doesn’t go up. Someone covered so much short yest.
B_in_B : Yesterday they covered at closing 6.04, huge amount. They didn't make money yesterday.
Lose Till Pant Drop 老Uncle : oh. initially I thought it's you, I don't wanna believe the fact. no no no![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
老Uncle Lose Till Pant Drop :
SunBird B_in_B : Hi, can help me to understand a bit here? “Shorting a stock” is it the same as “selling a put”? And what they meant by cover at 6.04? Did they buy in at 6.04? Please kindly help me understand.
doctorpot1 SunBird : No shorting a stock and selling a put is totally different. Shorting a stock means someone sell the stock even though they dont own any. Usually the broker will lend them the stock at a fee. Cover is to buy back the stock to return to the broker. So cover at 6.04 means they buy back at 6.04 and returned the stock. The payout is very different from a put. Shorting a stock can have Infinite loss but your profit is capped.
Selling a put is just promising the buyer that you will buy the stock from him at a certain price if he wants to. The payout is capped at both end. Limited profit limited loss.
SunBird doctorpot1 : Thank you very much for taking the time to explain to me. THANK YOU!
ATS A trade sniper : no worry hopehop msg he have alot cash. he can buy all. hohoho.