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There is much more money to be made by stocks going down than there is on stocks going up. To make matters worse most investors are unable legally to make these kind of wagers. So only the rich can place these bets cause if you don't got tonnes (Millions) of dollars to back up your call you can't get in on it, that’s the law.
Originally posted by samkent
reply to post by brice
There is much more money to be made by stocks going down than there is on stocks going up. To make matters worse most investors are unable legally to make these kind of wagers. So only the rich can place these bets cause if you don't got tonnes (Millions) of dollars to back up your call you can't get in on it, that’s the law.
You don't know what you are talking about.
There is LESS money to make by shorting a stock than by going long (buying) a stock.
Example:
A stock sells for $10 per share.
You buy (go long) 100 shares. Your cost $1000.
It could be Apple and goes up to $700 per share. Your profit $69,000.
If you go short and the price drops to $.01 your profit is maxed out at $999.
And anybody with a stock trading account can short stocks. You don't need to have millions of dollars.
I did my first short when my account value was less than $10,000.
Originally posted by davidmann
Ah, well. Parents never listen to their children, even when they are spying on them. A pity.