Exactly how does short selling work? i understand it is the complete opposite of going long, however can you buy a stock say today at 10 and sell it couple days later at 9 dollars and make a dollar a share? or is there a time frame you must wait?
Also, what is the tax percentage you must pay for those profits?
To short, you must take into consideration your brokers fee, tax % and still be able to turn a profit?
I'm new to the market and just looking for some answers to these questions.
thanks.
don
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