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Shorting stock is a risky and ill-advised move, only for experts, almost certainly a bad idea except for experts, yes, yes, I know.
still
With Tesla up a bit today, I wish I had a brokerage account already so I could short it for, say, one week out from now, just with a few symbolic bucks.
OK, screw it, I want to do this. I want to put a little money in TSLQ and TSLZ (which is a way of betting that Tesla stock will drop). Clearly nonsense as a financial plan; I’ll only put in an amount I’m willing to lose. This is just for symbolic reasons. I’m willing pay a few bucks to raise this middle finger.
Recommendations: What's a less-terrible place to open an account where I can trade individual stocks? It needs to be low overhead and low nonsense; there will only ever be at •most• a few hundred dollars involved.
@inthehands I don't really understand these "stocks", but I'd be willing to spend $200 to try it out, willing to lose it all. And I have an account...
@jab01701mid
My dim and highly dubious understanding is that people betting against like this do actually help drive down the price, so I say go for it!
@inthehands I imagine the fund is "managed" by some traders doing the actual short trades, and this fund gains any profits, suffers any losses, but you are limited to losing your investment, as opposed to the actual short-traders, who have much more downside exposure, and I assume more upside potential as a reward. I'll do it on a very small scale.
My account tools show the history of the fund, so I could look, but why...
@inthehands OK, here's my little $200 TSL playland. Maybe I publish a snapshot weekly. TeslaTuesday ?
@jab01701mid
Heh, sounds like a grand old time.
What broker are you using? Like them?
@inthehands Schwab, and they have been excellent so far, but I'm a very light user, I have very simple needs...