What is a short sale?

Some time ago I made a post on a FB story where I made a 300% profit on a futures trade of $BTC and a person asked me what I did. I gladly told him that I was a digital asset trader and he asked me if I earned well... I told him "if I knew how to do it well, yes."

I told him that I consider this job as being the owner of a store that I can open at the time I want, to sell "products and digital assets" that I want within that store, which I first purchase on sale and then sell. more expensive as a "rule of thumb". I knew he understood that perfectly because I saw his face with a certain disdain...

However, when I told him that I made that profit by buying high and selling low, because I could also sell very expensive products and assets at a relatively lower price and still win, his surprise was so great that he even told me a little upset 😠 ... "Eh, that can't be done." I laughed a little and explained to him what it means to go short, using precisely a tablet that he brought as an example:

"Imagine that you lend me your tablet (of a recognized brand and a recognized model), which at today's price is 1000 dollars, I sell it perhaps a little cheaper, let's say 980, but then, I wait a while and when the same model, the same brand and even the same color drops in price, let's say 650, I buy it again and return it to you. Now tell me, did I make money in that transaction? It stayed...🤔👌🤐

I told him, obviously you are going to be upset if I do that with your tablet today, because you are giving me the confidence to lend me something that is yours and that you surely want me to return to you in full. But in "my store" I have the assets that I can buy and sell and with which I can go long or short without problems, earning the percentage differences of the transactions I make according to the amounts of my investment, always under a certain risk... Oh and the inventory is practically unlimited.

Are you interested? Asked

AMTrading