Long op:
first ‘buy’ and ‘sell’ cost myself money
A stock now price is 100RMB ,and a year late is 200RMB ,buy Long is(vol=100):
cost is :100
×
\times
× 100=10000RMB
→
\rightarrow
→ now is ‘buy Long’
sell is :200
×
\times
× 100=20000RMB
→
\rightarrow
→ now is ‘sell Long’
-10000RMB cost basis+20000RMB sale proceeds =10000RMB profit
Short op:
first ‘sell’ and ‘buy’ by borrow stocks
A stock now price is 200RMB ,and a year late is 100RMB ,sell Short is(vol=100):
sell is :200
×
\times
× 100=10000RMB
→
\rightarrow
→ now is ‘sell Short’(borrow stocks to sell)
buy is :200
×
\times
× 100=20000RMB
→
\rightarrow
→ now is ‘sell Long’(buy stocks to replay)