Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
Sell Short: A Simpler, Safer Way to Profit When Stocks Go Down Hardcover – March 30, 2009
|New from||Used from|
Books with Buzz
Discover the latest buzz-worthy books, from mysteries and romance to humor and nonfiction. Explore more
Frequently Bought Together
Customers Who Bought This Item Also Bought
From the Inside Flap
Ever since Dutch trader Isaac Le Maire invented short selling in 1609 (and evoked the first ban on it), short selling has been seen as the dark side of stock tradingslightly suspect and too intricate for individual investors. Today, short selling is an integral part of all markets and new tools can make it as simple as buying stocks.
As Michael Shulman explains in this book, a short seller is a profit-seeking contrarian who sees opportunities others do not as a stock or market segment moves down. In Sell Short, Shulman turns the mystery of short selling inside out, revealing how using the same fundamental approach underlying the purchase of a stock can lead to tremendous opportunities on the short side.
Shulman does not believe traditional short selling is a good trading approach for individuals and this simple, but comprehensive overview of short selling focuses on buying puts or, in some situations, exchange-traded funds (ETFs). Throughout these pages, Shulman reveals the day-to-day details needed to generate short side profits. He describes how short selling works and how individual investors can best identify compelling opportunities before Wall Street finds them. Shulman also helps you to determine what part of your portfolio will fund short selling, what percentage of your capital should go to the short side, and how big each position should be.
Filled with in-depth insights and straightforward advice, Sell Short walks you through the mechanics of opening, managing, and closing a position, including rolling or pressing a position to increase profits. (Shulman does cover traditional shorting, though, in case you'd like to take that route.)
Step by step, this book prepares you to:
Prospect for gold in fading stocks
See opportunities that Wall Street misses
Create, manage, and exit a position
Short stocks, markets, and indices as well as specific sub-segments of the market, real estate (through REITs), commodities, and even countries
Create the "rocket-fueled trade"the higher-risk purchase of calls on double inverse ETFs
Explore advanced trading techniques such as selling calls, hedging, bear call spreads, selling puts on short ETFs, and more
There is no better guide for individual investors to the short side of the market than Michael Shulman. He is the man who shorted Bear Stearns seven days before its historic meltdown and predicted in September 2008 that WaMu and Wachovia would follow Lehman down the tubes. His newsletter, ChangeWave Shorts, has been a leading source for individual short sellers.
In this volatile market, opportunities abound if you have the will and the know-how to reach for them. Are you ready to come over to the short side?
About the Author
More About the Author
Top Customer Reviews
In Chapter 3, Mr. Shulman asks "What Exactly Is a Put?" and then goes on in the paragraph that follows with an utterly wrong definition and/or description which would leave an investor/trader totally mis-informed of the definition of a Put. This one paragraph (which deals with the most critical concept for Sell Short - buying a Put option) shows the carelessness in writing and publishing the book 'Sell Short'. Given this carelessness, how can any reader have confidence in other aspects covered in the book by Mr. Shulman?
By the way, John Wiley and Sons has published other books (example: Trade Options Online by George A. Fontanills) which cover their subject well and with care. I have also read several other books on options and each one of them is written with care for accuracy and clarity of concepts explained. I was disappointed with the glaring error in Mr. Shulman's 'Sell Short'.
I was sorely disappointed because I already know about options extensively. I trade puts long and short all the time. The problem with puts are that the spreads sometimes are too large, liquidity is too low, or they aren't even offered on many stocks that I want to trade on the short side.
If you want to trade from the short side of the market using puts and are very new to the world of options then perhaps this book will be of use. If you want to learn about shorting - save your money.
Most Recent Customer Reviews
I have found this book very useful because I am only barely beginning to sell short and would like a safer method, which using put options certainly is as far as risk. Read morePublished 5 months ago by docdave
Detailed and complex book on selling short, gives pros and cons. Great for amateur and skilled investors alike. Easy to read and very well organized.Published on July 1, 2013 by Nanette Ng
I like the book -- I wrote it - and I just noticed a review that found a glaring editorial mistake in the book. Read morePublished on February 7, 2010 by M. J Shulman
The author correctly stated: "this is not a trading system". For disclosure my comments are based on about a 45 minute study of a friend's copy. Read morePublished on July 3, 2009 by Let's go deep!