Can I long and short simultaneously ?

[padutrader]

I'm referring to stocks,

maybe but you did not mention that in your post

 

[cesfx]

Of course you can be flat

 

[cesfx]

Let say I buy to enter but the momentum reverses. My options are to hold and wait for the shares to reverse long or sell to exit and take a loss. I was wondering if there was a way to sell to enter with new shares while maintaining my existing long position....but clearly that's not possible and first need to close my position, take the loss, then short.

You would be just freezing your loss. It is possible with some fx, cfd bucket shop brokers, some might even offset margins (-drawdown), and some people believe this is a method. But people believe in all kind of weird stuff...

 

[Girija]

You could always do a buy 1 sell 2 deal, not withstanding the tax consequences (wash sale).
Index etfs with inverses are easier for this.
With futures you could use next month for offsetting positions.
With 2 distinct accounts tracking is easier.

 

[murray t turtle]

Let say I buy to enter but the momentum reverses. My options are to hold and wait for the shares to reverse long or sell to exit and take a loss. I was wondering if there was a way to sell to enter with new shares while maintaining my existing long position....but clearly that's not possible and first need to close my position, take the loss, then short.

%%
YES;
its possible. SSO+ sds NOT that you would want to do that all the time, even in a roth/back door roth [tax free]account..............................

 

[KCalhoun]

I've used directional vs inverse ETF pairs to hedge, eg UCO/SCO SPXS/SPXL etc

 

[jnbadger]

What asset class and why would you want to when a boxed position can require margin. overnight fees and can't produce P/L?

Hello again Robert. Isn't shorting the box illegal nowadays? Or am I missing something? We used to do it all of the time in the olden days to avoid the uptick rule.

 

[Robert Morse]

I'm not aware of that SEC or FINRA rule, but we remove boxed trades.

Hello again Robert. Isn't shorting the box illegal nowadays? Or am I missing something? We used to do it all of the time in the olden days to avoid the uptick rule.

 

[jnbadger]

Ok, I guess there are a few different ways to use "box" nowadays. I was referring to shorting in one account and being long in another. And I originally thought that's what the OP was getting at.

 

[JamesJ]

I highly doubt long equity in one account and the same stock short in other account is allowed on a larger scale...
Cause it would allow you to bypass SSR and open a short position by selling your longs into the bid.