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Strategies & Market Trends : Successful Short-Term Trading Strategies for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Skipperr who wrote (48)	8/13/1998 8:08:00 AM
From: opey	Read Replies (1) \| Respond to of 78

Hello all.............. I am considering learning how to short a stock. As I understand it, I can call my broker and put in a short sale and after that I don't know how it works. Can someone explain what happens next? I think that the cash from the sale of stock XX at 100 shares, say 30 bucks is deposited into my account(3000). Then, I replace those shares at a lesser value, say 25 bucks and keep the 500 bucks minus commissions of course. What am I missing in this? Do I have to give a time frame or a target buyback price when I place the trade? Any advice is welcome... Opey