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Zecco.com » General Investing » Margin Trading » need help regarding shorting
Last post 06-20-2009, 11:38 AM by abalne. 0 replies.
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  •  06-20-2009, 11:38 AM 59222

    need help regarding shorting

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    hi all,

    am not new to trading but am thinking of opening a margin account and want to know few thing about shorting a stock before i venture into this field.

    1) i have $2000 in my zecco account . so by opening margin acc zecco will deposit additional 2k in my account. now the total amount for purchasing available with me is $4000. So now i can buy or short stocks worth $4000 right ???

    2) this section is regarding shorting. suppose as of today BAC is trading at $10. Now if i want to short this stock assuming it will drop till $8, the transaction type will be short. but what order type should i use.. if i use stop limit does it work the same way in shorting as when we sell regular stocks - stop 10.00 limit 9.95

    3) same thing about covering it back. transaction - cover    should the order type - limit   limit 8.00

    4 does zecco has some time frame on when should we cover the stock - a) bac is dropping to $8 and lower which is a good thing        b) if  bac starts going up to 13,14 or 15 dollars in which case am loosing zecco's borrowed money

    5) is there any rule that we cannot short stock less than $5

     
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