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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Peter H. Hodge who wrote (538)2/18/1998 11:56:00 AM
From: Robert V. Cavaleri  Read Replies (1) of 2120
 
I have a question about Shorting:

I have never actually placed a short, but I am
trying to learn how to execute a trade of this type
properly. I understand that when you short a stock
that you 'sell' X shares that you don't actually own.
With Datek, you simply click 'Sell' X shares of XYZ.
My question however, is how do you cover this Short?
Do you 'buy' back X shares of XYZ? I would think
that you don't 'sell' the shares again. Could someone
please enlighten me on how to do this correctly?

Many thanks, Rob Cavaleri
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