Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Mama Bear who wrote (732)	3/18/1998 12:47:00 PM
From: dpl	of 2120

Barbara,unless things have changed in the last few years(and they may have)you do not pay interest when shorting a stock.At least I never,never did in the last few decades. If you short 100 shares at 100 that is $10000.You must put up $5000.You now have a credit of $10000 in your account(after all you "sold" the stock and someone paid you for it) At this point you should not pay any interest.If the stock goes against you,lets say to 110 then it is against you $1000.You will now be charged interest on the $1000. This is the way it has been for decades.I have not been in this situation for several years since I now only daytrade so if it is different now somebody correct me. David

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