"He Who Sells What Isn't His'n, Pays The Price Or Goes To Prison"

[Scataphagos]

Something I remember from Series 7 securities school years ago when lecturing about the dangers of sellng short.

(All these guys getting killed in the short squeeze could have saved themselves from all this had they also purchased calls... "just in case".)

 

[RedDuke]

Something I remember from Series 7 securities school years ago when lecturing about the dangers of sellng short.

(All these guys getting killed in the short squeeze could have saved themselves from all this had they also purchased calls... "just in case".)

hedge fund is just a name. They rarely hedge, and many having billions essentially just swing for the fences.

 

[vanzandt]

Something I remember from Series 7 securities school years ago when lecturing about the dangers of sellng short.

(All these guys getting killed in the short squeeze could have saved themselves from all this had they also purchased calls... "just in case".)

https://www.elitetrader.com/et/threads/the-best-trading-proverbs.284308/page-151#post-5307626

 

[pureequity964]

It is difficult to understand initially but with experience you can understand that having a backup plan is paramount in trading.