Robinhood, Trading 212 and others go down amid AMC and GameStop stock frenzy

Re:Robinhood, Trading 212 and others go down amid AMC and Ga... by hervature on Wednesday January 27, 2021 @11:19AM (#25930081)

The max gains on shorting stock is 100% and that’s ignoring fees you have to pay which are extremely high for GME right now.

Unless you plan to use 10x leverage or trade options, which I doubt if you don’t trade individual stocks, you can’t 10x by shorting. On the flip side, if you shorted at $20, you would have lost your entire portfolio if you shorted with 5% of your capital.

Shorting here is trying to catch a falling knife, don’t do it.

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Re:Robinhood, Trading 212 and others go down amid AMC and Ga... by asdfasgasdgasdg on Wednesday January 27, 2021 @11:47AM (#25930415)

I definitely won't. Thank you for the correction r.e. short selling upside. If I had realized it was max 100% upside, it wouldn't have been tempting. There's not an amount I'm willing to risk on this trade that would make a mere doubling of my money worth the effort.

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