Zeez : How do u buy short? is it possible if i can get some guidance through
101731716 Zeez : choose "sell" then it is short d.
Zeez 101731716 : But once i do this step, then if the stock takes a nose dive down? how do i gain profit?
101731716 Zeez : "buy" it back, then will close it
Zeez 101731716 : So if i short 1 lot of baba then ir drops then i just have to buy that 1 lot back to gain my profits?
Zeez 101731716 : I see i see thank you so much. may i ask another qns regarding options?
LPPL : Ya
ben123 Zeez : Yes, but interest on short positions must be factored in
ben123 Zeez : Simply put, you sell 70, and when you reach 60, you buy it back. That's 10 yuan. After deducting interest and expenses, that's net profit
Zeez ben123 : is the 10 yuan before the deduction or after?
Zeez : How do u buy short? is it possible if i can get some guidance through
101731716 Zeez : choose "sell" then it is short d.
Zeez 101731716 : But once i do this step, then if the stock takes a nose dive down? how do i gain profit?
101731716 Zeez : "buy" it back, then will close it
Zeez 101731716 : So if i short 1 lot of baba then ir drops then i just have to buy that 1 lot back to gain my profits?
Zeez 101731716 : I see i see thank you so much. may i ask another qns regarding options?
LPPL : Ya
ben123 Zeez : Yes, but interest on short positions must be factored in
ben123 Zeez : Simply put, you sell 70, and when you reach 60, you buy it back. That's 10 yuan. After deducting interest and expenses, that's net profit
Zeez ben123 : is the 10 yuan before the deduction or after?