I sold 80 shares short on CFD on 20 August 2020 at a price of $1,850 (USD). I felt that the price was too high. Tesla split its shares 5 to 1 on 31 August. My short position was converted to 400 shares at $370. The total value of my short position was $148,000 (SGD 201,000).
Tesla climbed to a high of $530 on 1 September before market opened. At that point, the total loss on my short position was a horrendous $64,000 (SGD 87.000).
1 comment:
Tonight the market gods are shining on you!
Post a Comment