Difference between revisions of "Talk:Trading (Profession)"
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Revision as of 15:26, 23 May 2009
For anyone that doesn't know what "going/being long" or "going/being short" means:
Short-selling (going short) is prevelant in real life stock exchange, like the NYSE and NASDAQ, wherein a trader sells shares(or items) he doesn't have, betting the price will go down so he can buy them back at a lower cost. This is highly speculative; the trader has an unlimited loss potential; the price of shares can go toward infinity.
Going Long is your basic market mechanic, and it is what most people are familiar with (your 401k). Being long involves buying items and betting the price will go up so you can sell for a profit.