Cover a short sale
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A Short Sale is like a Buy, except that instead of purchasing shares of a stock that you think will go up in price, you instead borrow shares, sell them immediately, and wait for the price to go down.
When the price goes down, you buy the shares you've already sold (presumably at a lower price), and return the shares to the broker. This is called covering a Short Sale.
- Open the account you want to use.
- Click Enter Transactions.
- In the Enter Transaction list, select Cover Short Sale.
- Click a link below for more information.
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- Click Enter/New to enter another transaction, or Enter/Done to finish.
Notes
Recording a transaction in Quicken does not execute a real-world trade, transfer, or other transaction. Contact your broker to execute trades or transfers, and then manually record the transactions in Quicken—better yet, download them directly from your participating financial institution.