Playing & Trading Strategy

ok I shorted funds. When i try to sell them i can't because I don't own any. Please explain in detail shorting funds....thank you {nm} geek1 Sep 13, 13:46

If you're shorting the fund, you think it will go down in price. To get your money back, you need to cover. Buy = short, sell = cover. {nm} stevie1der328 Sep 13, 13:50

thank you :-) {nm} geek1 Sep 13, 13:56

I guess you've realized that most funds are gainers, most of the time. Short a selected fund only in unusual situations. edzep - Port Monkey! Sep 13, 14:29

People who run funds already have a track record of steady gains. Shorting a fund is not a good idea. {nm} elchan Sep 13, 14:42

but sometimes their owners neglect them, like EURO, which hasn't made a trade since Aug 23 {nm} lapuckfan Sep 13, 15:00

EURO fund would probably not be a good one to short. Last cycle, he went to $100 in about 5 months. That's pretty good. {nm} elchan Sep 13, 15:37

Different fund manager now. {nm} Antibody Sep 13, 16:08

Hmm, interesting. {nm} elchan Sep 13, 16:27

Euro Fund has been active for 2.5 months this cycle and net change to date is -H$1.06. Not a good investment in either direction {nm} lapuckfan Sep 14, 11:49

The criteria is make $100mill and sign up.....how does that equal "track record of steady gains"? {nm} alfpaulytd2012 Sep 13, 15:03

In my case, the criteria were make H$3.5 billion and be invited to pitch in for the good of the community. Your mileage may vary. {nm} DTXbro Sep 14, 20:01

Oops, didn't really answer your question. If you shorted any security, and want to get out of the position, you need to "cover". {nm} elchan Sep 13, 15:35

Thank you.... that helps a lot :-) {nm} geek1 Sep 15, 20:58