hi , i am new to trading, quick question- if i short 100 shares of stock for example at $9.65 per share then price of stock drops to $9.50 per share and i want to get rid of 100 short shares- which button i should press on montage of trading software. should i press sell button , cover or buy button to end trade. thanks
buy to cover (so in your case it is cover) will get rid of them. I don't think you can be long and short at the same time, so I imagine simply buying them will just result in an error and the transaction won't go through. Shorting them will increase the number of shares you are short.
CityTrader
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I think qsam you are getting yourself in a twist If ( as in this case) you have shorted stock at $9.65 and they drop to $9.50 you want to press "BUY" to close your short and then take that $15 less costs and buy yourself a coffee
