Short Selling Query

🤝 Help
1

Hi Folks

Just getting into the swing of things on the practice account and have a question about going short.

Say I’m looking at AMD with a Buy @ $54.99 and Sell @ 54.88.

I choose to sell. However, I hit $54.88 but am still in the minus without knowing when I’ll actually start making profit.

This happens all the time, and I can’t find any rationale as to why this is the case. It seems a bit of a guess, unless I’ve missed something here.

Appreciate any clarification

Thanks

2

You can only go short using CFDs. When you sell, you sell for the sell price. Closing your position is done with the opposite. A buy. So when the price goes down and the buy price is less than your sell price when opening the position, then you are in profit.

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