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Future stock trading

Discussion in 'Making Money' started by wakkaoaka, Nov 4, 2008.

  1. wakkaoaka

    wakkaoaka BANNED BANNED

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    These guys from victoria university in new zealand have come up with a site, ipredict.co.nz

    Im sure wealthy199 knows of it. Is there any global version of this? the stocks are kinda limited to just NZ.

    You basically trade in the future. You think obama will win? You buy when his stocks are low, then sell high. Now would be a great time to buy mccain stocks if he wins.... But i think obama will win :p
     
  2. sinewave

    sinewave Senior Member Premium Member

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    I doubt these are stocks; stocks are equities. I suspect they're futures or options on futures, although I don't know for sure.

    Unlike equities, futures and options don't require that you borrow the security from your broker prior to shorting, in the event you don't already own it in the first place. So why don't you short McCain, if you think he'll lose?
     
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  3. wakkaoaka

    wakkaoaka BANNED BANNED

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    I never understood short stocking, i learnt from cashflow 202 :p could you please explain how short stocking makes any money? Im not that good a technical investor. They are futures yeah, im new as to futures, only heard about stocks, equities, and options. Never quite got the hang of options. How would i got about shorting these futures? Because I would also love to short helen clark stocks.
     
  4. sinewave

    sinewave Senior Member Premium Member

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    what you're asking is beyond the scope of what I could reasonably convey here in this thread. If you're interested in doing securities trading, be it futures, forex, stocks, etc. you'd do best to educate yourself on the basics of trading and the very distinct differences amongst the various security types and the various rules around them.

    To answer your question about short selling in a nutshell, if I have reason to believe that something that I regularly trade will go down in price (due to my technical analysis) I sell it. Since I mostly trade futures and some forex, shorting is easy. Then when I feel that I've reached enough profit I'll buy either all or some of it back. If I buy only part of it back, I'm letting the rest "run" to see if there's more profit there, with break-even or trailing stops in place on the remaining contracts or lots to make sure that they either don't go into loss or to make a certain that I can lock in additional profit ... if it's there to be had.

    I don't trade stocks on a short-term basis--only futures, fx & options. Do some research on trading to get further information to see what might fit your own style.

    Best of luck with it.
     
  5. fabio

    fabio Regular Member

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    I'm currently doing the CFA (Chartered Financial Analyst) designation and didn't think I'd find the subject matter here :) Anyways, wakkaoaka, if you ever need help in the future hit me up, I'll be more than happy to assist you.
     
  6. sinewave

    sinewave Senior Member Premium Member

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    I'm a Series 3 & 7 CFA (Certified, not "Chartered"), but my corp hasn't been trading enough over the past year due to various personal / family situations and I may have to rewrite my exams to remain certified.
     
    Last edited: Nov 4, 2008