Play the game but don’t get caught short
In short selling, you need to be adept at spotting trouble, and be able to hold your nerve during the nail-biting wait for your target to tank
I’ve written in these pages before about how short selling shares is not for me. I found ‘shorting’ a treacherous and potentially devastating exercise. I lost a considerable amount of money over a six-month period about 20 years ago.
The pain became all the greater when I discovered that the losses I incurred could not be offset for tax against capital gains I had made from investing long in equities in the...
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