Hi @Arussell125 I was chatting with ThinkOrSwim support and they told me that it's not possible to short penny stocks (OTC stocks can't be shorted). I was wondering how did you deal with this?

alealvarez Jan 17, 17 11:18 AM

Just spoke to the Etrade support chat and told me the same "Unfortunately, you can not short penny stocks (any stock trading on any of the the OTC markets)"

anupchak Jun 04, 20 12:46 PM

Like any other broker they classify stocks as ETB, HTB and NTB, which means, Easy to Borrow, Hard To Borrow and Not To Borrow respectively. For you to short on the HTB stocks you will need to maintain an account balance of more than $100,000 with TD Ameritrade. Thats what they told me

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@Arussell125 Hi Arick, I could see in your YouTube channel that you are using TDA Ameritrade with ThinkOrSwim. Is the ThinkOrSwim platform for free? Thanks

GreTa Jan 10, 17 9:23 PM

@alealvarez you can paper trade with real time quotes, you have to call and ask them.

alealvarez Jan 11, 17 9:42 AM

Hi @GreTa Thanks for that, today's morning I realised that my PaperMoney account at ThinkOrSwim was very delayed. I will give them a call and ask for real time quotes as you suggested. Thanks for your information Guys :)

anupchak Jun 04, 20 12:44 PM

I think if you have a balance of more than $25,000 with TD Ameritrade they give you the Thinkorswim platform for free.

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[TimAlerts] if any of yall are with IB and using TWS, before there was not $Level2 for OTC stocks. but now there is. It comes with NASDAQ Totalview, as NDQ now runs the OTC data sector. Shows NITE, CSTI, etc etc. a bunch of them. more so than $ThinkOrSwim

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[TimAlerts] $DAKT o/n. In at 8.28 out at 8.62. Accidentally clicked "Sell Mkt" while autosend was on using ThinkOrSwim. Left an additional 15 cents on the table. Great trade still.


Top penny stock broker platforms for buying and short selling include ThinkOrSwim, SpeedTrader, Interactive Brokers, SureTrader, Etrade and TDAmeritrade. More information is given at the following link, discussing what is the most suitable brokerage for you!!

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Philli Feb 10, 16 2:56 PM

youmay want to look at trade station

m1riske9 Dec 25, 17 9:25 AM

for people from Europe, which one is the best? Saxobank, Degiro?

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[TimAlerts] ThinkOrSwim has great tools to form trendlines and see where entry and exits should be, especially on stocks like CLTX today, your lower indicator uptrending should be MAX entry (for a long) and upper should be where you start taking profits if it goes in your favor


[TimAlerts] My first real trade today on $FORD, in 200 shares at 1.45 out at 1.56, I about broke even after commissions using ThinkOrSwim but I learned a thing or two. off to analyze the trade in my "diary".

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Out $VSR for small loss. My thinking was right on, as this thing hit $7.66 premarket, but fucking ThinkOrSwim would not execute my orders. This is not the first time I've been screwed by not allowing premarket trades. (IB did it to me on my $CAMT loss.) I sold right at the open though, relieved that it didn't tank more. Could have been more patient and waited for the first candle and eaked out a profit, but when it started panicking in the last 3 minutes premarket, I wasn't going to mess around. I'll be transferring out my remaining funds from TDAmeritrade and moving it into IB to focus 100% on short selling.

bdetweiler Oct 16, 14 9:45 AM

Man, bounced off of 6.50 support and had a quick spike up to 7.50. There was profit potential there, but this stock is way too choppy and scary. And now looking at it, my order got executed right at 6.84, so I'm out flat minus commission (which is way too high at TD).

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