Can someone explain short selling to me? You know, sell stock, then buy it back since you're expecting it to plunge? Like they did at the end of Trading Places?
Basically when you short you are borrowing shares of a stock and selling it at market price, but you owe it back later. The idea is you borrow say 10 shares today for $100, and then you give the shares back at $80.
Shorting is not wise unless you know what you are doing because there are fees associated with it that aren't friendly to average joes.
Can someone explain short selling to me? You know, sell stock, then buy it back since you're expecting it to plunge? Like they did at the end of Trading Places?
Basically when you short you are borrowing shares of a stock and selling it at market price, but you owe it back later. The idea is you borrow say 10 shares today for $100, and then you give the shares back at $80.
Shorting is not wise unless you know what you are doing because there are fees associated with it that aren't friendly to average joes.