Need help
$Futu Holdings Ltd(FUTU.US$ my first time “SHORTING” a position in MooMoo, do i need to “BUY” back the stock before market close?
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SamGor92 : If you don't know how to operate, don't go short casually The risk is very high
骨神OP SamGor92: Do you have an answer?
prolohz : you don't need to buy back before market close. just be careful when the stock rises too much and force a margin call
骨神OP prolohz: Ok
QianmengYu : you need to buy to cover when you feel good. If you lose too much that you don’t have sufficient margin broker might force buy to cover. Generally speaking if you want to hold short position overnight, it’s always good to buy an far OTM call to cover you from extreme situation.
Ixy The Cat : Your short position is still open until you place a buy order. However if you keep your position open, be aware there is a finance charge to you until you close the position. So you need to factor this in your buy order
SANDRO 善子 : https://www.investor.gov/introduction-investing/investing-basics/how-stock-markets-work/stock-purchases-and-sales-long-and#:~:text=Having%20a%20%E2%80%9Clong%E2%80%9D%20position%20in,stock%20you%20do%20not%20own.
SamGor92 : If you keep shorting, you'll lose a lot tonight. Today, Hong Kong stocks have soared.
101572458 : Good game tonight
骨神OP SamGor92: See how. Yesterday all red, this also green