Short selling/margin Commsec terminology

mattryanshares · 20 August 2011

Hi

I want to be able to short sell in these current market conditions. understand i need to do it through a margin account.
it appears as though commsec doesnt allow this or is through a CFD account??

I want to be able to trade where i borrow the share, the market drops then i cover the position and get credited the amount the share has dropped.

Also any reading links on this would be appreciated.

Billyb · 20 August 2011

Re: Short selling, margin Commsec terminology

mattryanshares said:
Hi

I want to be able to short sell in these current market conditions. understand i need to do it through a margin account.
it appears as though commsec doesnt allow this or is through a CFD account??

I want to be able to trade where i borrow the share, the market drops then i cover the position and get credited the amount the share has dropped.

Also any reading links on this would be appreciated.

Few threads on this in the 'Tradings strategies/systems' forum.

Unless you are very experienced in trading, the recommendation is basically stay away from CFDs. Traditional short selling can be done through a broker that allows it - IB is probably the best as they have a decent number of shortable stocks
Options are another way to profit from a falling market but is a different kettle of fish.

PinguPingu · 20 August 2011

I believe Commsec only allows you to short for the one day. They also have a whole heap of extra conditions last time I looked. From memory they also have a limited list of stocks you can short. IB would be your best bet.

babajo · 3 October 2011

Just curious - what's IB? Is it Interactive Brokers?

bellenuit · 3 October 2011

babajo said:
Just curious - what's IB? Is it Interactive Brokers?

Yes

Short selling/margin Commsec terminology

mattryanshares

Billyb

PinguPingu

babajo

bellenuit

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