When I buy an asset and go long, then I order the asset with the BID-Price. If I sell it, then I need the ASK-Price for the sell order.
What do I need when I want to go short?
Is the following statement right?
When I enter an asset and go short, then I order the asset with the ASK-Price. If I exit it, then I need the BID-Price for the exit order of the short position.
Thanks for the answer. To sum up:
- enter long with ASK
- exit long with BID
- enter short with BID
- exit short with ASK