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Traders do that all the time. You just have to pay closer attention to when it turns, And be sure to account for commission - on the high

Posted by: JDolphin on Dec 14, 16:51 in response to MitchC's post Question..

priced stocks that can eat all you gains if you do a quick turnaround.

Example - $200 price Stock needs to move at least $4 for profit to account for $2 commission each on the sell and the short (or cover and buy),

Plus add a little more for chuckage (the difference in the price between the current price and what it actually sells for).  The higher the price usually the higher the chuckage.  And if alot of shares are being traded at the time that could be more (or less) depending on what the other traders are doing.

Question.. MitchC Dec 14, 16:24

Traders do that all the time. You just have to pay closer attention to when it turns, And be sure to account for commission - on the high JDolphin Dec 14, 16:51

I appreciate the advice. MitchC Dec 14, 16:57

It all depends on how much time you spend on HSX - the stock could could go back up (or down) if you aren't paying attention. Many players JDolphin Dec 14, 16:58

It depends on why you bought it ndmaster Dec 14, 19:39





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