I guess the old saying is true, "you get what you pay for". I can only go by my experience of buying a couple thousand dollars worth of stocks a year. I am a very small fish in a huge pond. I don't mess with options either. So for me Robinhood has been perfect.
On small amounts, I'm sure the front-running isn't cost you much, and for most transactions is probably "cheaper" than paying an explicit transaction fee.
I just don't trust the competence of their management (from the checking account regulatory issue), so I'd never trust them with my money.
I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)
I do understand. And, in fact, I'd never invest just short sales. But, there's something to be profited to reading, reading, reading the data paying attention to hype over substance and being patient to watch the hype run thin. Yes, though, shorts are very dangerous. That's why I'd never strictly invest in shorts but I also would like to have the option.
I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)
I do understand. And, in fact, I'd never invest just short sales. But, there's something to be profited to reading, reading, reading the data paying attention to hype over substance and being patient to watch the hype run thin. Yes, though, shorts are very dangerous. That's why I'd never strictly invest in shorts but I also would like to have the option.
If you want the option, you just need a normal taxable investing account with a major brokerage.
(can't trade shorts, options, or margin in a 401k or IRA of any kind)
I still wouldn't recommend it, though, since it's the kind of market timing behavior that is statistically more likely to cause you trouble in the long run versus keeping it boring.
In your fantasy trading, did it take the realistic costs (and even availability) of shorting into account?
Because what you're talking about (finding "obvious" peaks) tends to involve conditions where shorting may not even be possible/practical due to lack of availability.
Comments
I guess the old saying is true, "you get what you pay for". I can only go by my experience of buying a couple thousand dollars worth of stocks a year. I am a very small fish in a huge pond. I don't mess with options either. So for me Robinhood has been perfect.
On small amounts, I'm sure the front-running isn't cost you much, and for most transactions is probably "cheaper" than paying an explicit transaction fee.
I just don't trust the competence of their management (from the checking account regulatory issue), so I'd never trust them with my money.
Any recommendations for a company that allows short selling?
I'd recommend taking to heart the old addage "the market can stay irrational longer than you can stay solvent".
Short selling is one of the relatively few ways that a sour investment can be worse than a traditional investment "going to zero"...
Any recommendations for a company that allows short selling?
I'd recommend taking to heart the old addage "the market can stay irrational longer than you can stay solvent".
Short selling is one of the relatively few ways that a sour investment can be worse than a traditional investment "going to zero"...
Well, I've done well in the past with "fantasy stock" short-sale portfolios, plus I wouldn't "bet the farm" on shorting a stock.
Any recommendations for a company that allows short selling?
I'd recommend taking to heart the old addage "the market can stay irrational longer than you can stay solvent".
Short selling is one of the relatively few ways that a sour investment can be worse than a traditional investment "going to zero"...
Well, I've done well in the past with "fantasy stock" short-sale portfolios, plus I wouldn't "bet the farm" on shorting a stock.
You do you. But I think it is a bad idea.
I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)
You do you. But I think it is a bad idea.
I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)
I do understand. And, in fact, I'd never invest just short sales. But, there's something to be profited to reading, reading, reading the data paying attention to hype over substance and being patient to watch the hype run thin. Yes, though, shorts are very dangerous. That's why I'd never strictly invest in shorts but I also would like to have the option.
You do you. But I think it is a bad idea.
I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)
I do understand. And, in fact, I'd never invest just short sales. But, there's something to be profited to reading, reading, reading the data paying attention to hype over substance and being patient to watch the hype run thin. Yes, though, shorts are very dangerous. That's why I'd never strictly invest in shorts but I also would like to have the option.
If you want the option, you just need a normal taxable investing account with a major brokerage.
(can't trade shorts, options, or margin in a 401k or IRA of any kind)
I still wouldn't recommend it, though, since it's the kind of market timing behavior that is statistically more likely to cause you trouble in the long run versus keeping it boring.
In your fantasy trading, did it take the realistic costs (and even availability) of shorting into account?
Because what you're talking about (finding "obvious" peaks) tends to involve conditions where shorting may not even be possible/practical due to lack of availability.
That is some seriously bad news, at least for awhile, and overnight market is pushing for a 27% drop on open for nuking the dividend.
How has your price target changed? Exit plans changed at all?