HOLY SHIT GUYS, THERE IS A LOT OF MONEY TO BE MADE TONIGHT, WHAT ARE WE GOING TO SHORT IT AGAINST?
SHORTING TURKISH LIRA
Connor Rogers
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Andrew Richardson
Can you please explain to me what a short is? I don't get this shit. I think I'm retarded.
Chase Murphy
When. You take a financial position that a security will be valued less in a given time frame rather than more.
That's it really.
Gavin Lopez
It's the opposite of buying low and selling high.
You sell high and buy low. (yes, you sell stock you don't own)
Cooper Roberts
Ok, that I understand. You think value will fall, so that's a reason to short.
THIS is what confuses me. How can you sell something you don't own? I can understand betting against something, but not selling something you don't have.
How does the process work?
James Torres
Markets are closes you retard
Wyatt Anderson
Okay what the fuck, this deserves an explanation
Adam Harris
You gotta borrow the shares from someone else. Literally a lone. If it goes down, u cash in HUGE because of the leverage. If it goes up and you aren't hedged properly, u get screwed with what is called "the short squeeze".
Lincoln Turner
Thread was made just before close.
Ayden Hernandez
5 year business grad here. You get a loan from a broker sell that loan. Buy the loan back at a lower price and pay back.