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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: Mary Baker who wrote (6649)	7/9/1999 9:40:00 PM
From: Mr. Aloha	Read Replies (1) \| Respond to of 16809

Yes, you need a margin account to short. However, I would not do it if you're not an experienced trader (preferably awake during all market hours), as there is unlimited loss potential, particularly on thinly traded momo stocks, and particularly if you use a sucky broker whose servers go down during the trading day like Eturd's did today (completely inexcusable). If you have a margin account, yes, you use the Sell to Short box. Probably better for you to stay chicken until you're very comfortable with the concept. It is a technique that will especially come in handy whenever this bull market comes to an end (and yes, despite all the newbie "expert" traders out there proclaiming the contrary, there will be a bear market at some point). I personally like balancing my longs with a few shorts and all kinds of option plays so I can profit no matter what the market does... Mr. Aloha