@MissOrange G'day MissOrange hope you're well, and having success trading? Just wanted to ask you if your brokers usually have borrows on OTC stocks? Thanks very much. My twitter is: @_Chaddosan_ All the best! Regards, Chad.

MissOrange Jan 30, 17 10:36 AM

Hi Chad, have had a very stressful few months which are thankfully over now so can focus on trading again. At the time I applied for my IB account, they did not offer margin accounts to Australians. I am in the process of changing my OptionsXpress account from cash to margin. So no shorting experience for me yet. Hope things are going well for you :-)

Chaddo Jan 30, 17 3:04 PM

Glad to hear things are back on track for you! I'll be interested to hear how the Options Express plan pans out. As you can see from my profit chart, things could be going better, however, slowly improving ;-) I've seen a few P&D's in recent months, which Suretrader doesn't seem to ever have borrows for. All the best!

Join now or log in to leave a comment
Received 40 Karmas
Chaddo Feb 02, 16 11:00 AM

Thanks very much for your reply Samuraitrader, much appreciated! Please forgive my ignorance, however I still seem to be slightly confused. I've gone back through Tim's alerts/watchlist for the 17th, and he alerted to go short? Do you remember what made you go long?

Nathan_casey Feb 02, 16 11:09 AM

@Chaddo Everyone was short with this one because it was a crap company that was destined to go down but the unexpected happened and it squeezed 100s of %

Samuraitrader Feb 02, 16 4:49 PM

@Chaddo The stock was being shorting for many days/weeks and also that the stock price was not bad. So I bought it and hope that it will going up some % the next day. The next day I sold it all and after that I never touch the KBIO again.

Jules Feb 02, 16 11:50 PM

I remember that stock. I also went long from the beginning of the day the pattern appeared to me to have more of s chance to go long. Unfortunately I was wrong and it plummeted so fast I couldn't get out unless I excepted a large loss. I decided to wait and at the end of the day it started to rise quickly. I got out with a small profit not realizing the spike of 600% was to start 3 minutes later. I had already shut down my computer.

Join now or log in to leave a comment
of 2