Shorting Is Available!
TradersPost customers now have the ability to take the short side when trading automated strategies. When we launched TradersPost in early 2021, we launched long only with plans to release short trading at a later date. Well that date is here!
Founder / CEO
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Trading both the long and short sides of a strategy has shipped, so the article no longer describes it as planned, and it now explains how a side swap is sent and how to keep a subscription on one side.
With short selling, an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that the stock they sell will drop in price. The difference between the sell price and the buy price is the profit.
Short selling is useful for automated trading strategies so you can make money when the stock is going up or down. TradersPost supports trading both the long and short sides of a strategy1. Swapping sides exits the open position and enters the opposite side, and your strategy should send that as a single order carrying the combined quantity: if you are long 5 shares and want to be short 5, send a quantity of 10, and TradersPost subtracts the open position so 5 exits the long and 5 enters the short2. If you would rather a subscription never touch the opposite side, pair the Sides dropdown with Isolate sides3.
If you have any questions about this functionality or are interested in learning more about it, contact us at [email protected].
References
1 Frequently Asked Questions | Documentation | TradersPost
2 TradingView | Documentation | TradersPost
3 Order Behavior | Documentation | TradersPost
