I invested in BBEP amc because I thought it would go up a little more and I would sell for a quick buck. The opposite happened. The stock is down roughly 16% and I don't want to take the loss. Is it a good idea to short. I understand what shorting a stock means I'm just not 100% comfterable on when to use it and when to not. Im new Profit.ly and I am also new to buying and selling stock. Any and all input would be helpful. Thanks
Posted Mar 08, 16 2:09 PMbyJosef_MM_Gashaj
Categories
Classic Lessons, Short Selling
Tickers
BBEP
This is likely to bounce around a bit, but there's no way to know for sure. Don't fall victim to a short squeeze for shorting too early. maybe tomorrow if it tries to test resistance and fails, you could short for a good buck depending on your strategy and the level 2. I would short into failing sideways price action or short into resistance. Peace.
@Josef_MM_Gashaj PAPER TRADE. Its basically like scrimmaging in sports. you treat it like a real thing, but it isn't. It's what myself, and many others are doing. Its one thing to learn from videos and articles. It's another to learn while doing it. This is the closest way without losing money.
@EBickford1 @PlanB thanks for the tips
I'm thinking this thing will spike in the morning, I added it to my watchlist for tomorrow but the small cap side of energy companies have been bullish this week. I say buy it honestly and short on the reverse. But no problem.
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