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It's where you deposit a lot of money in an unregulated broker based in Panama, St. Vincent and Grenadines or some other such tulip place, and when you try to withdraw your money, they Swipe it, leaving you 3X short on the rent that month for the bedsit.
HTH BIDI
Just like HSBC then..
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
anyone who makes money by triple shorting a rising stock is a hero in my book
Must confess, I have little knowledge on triple shorting and the other fancy gambling tactics. I'm a simple lad ... stock markets looks high I turn my ISA to cash and pick a fixed rate for a year or 2. Stock market looks low, I buy tracker funds with my cash. Very simple. Don't need graphs. Don't try to guess the top or the bottom. Be willing to hold any assets for as long as I need as it's not money I need this decade.
It has a certain amount of risk, but in the long run fairly small.
Yes, if I sold my short contract now I'd be doing so at a loss. But I standby my convictions, we're entering a downtrend brought about by everything that is happening in the world at the minute.
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