I see several refs to "building shorts". I get the idea from the context of the posting but can someone direct me to a resource (if available) on the concept.
It seems like a pyramiding concept but pyramiding with a better price in case the trade goes against you in the meantime. part of me sees it as hedging and part of me sees it as possibly adding to a losing position. At this stage of my education I am willing to be conservative and play one position at a time but i am interested in learning more. As an example would you just put in Sell limit orders or would you watch the trade and when it went higher just put a SellStop to catch it on the way down again.
thanks.
It seems like a pyramiding concept but pyramiding with a better price in case the trade goes against you in the meantime. part of me sees it as hedging and part of me sees it as possibly adding to a losing position. At this stage of my education I am willing to be conservative and play one position at a time but i am interested in learning more. As an example would you just put in Sell limit orders or would you watch the trade and when it went higher just put a SellStop to catch it on the way down again.
thanks.