I recently opened a margin account with SureTrader to start practicing shorting, but 90% of the time they have no shares to short, plus they don't allow you to reserve shares.
I usually check the Interactive Brokers online database and most of the time they have shares available for the stocks I'm interested in which are pre-market gap n crap patterns.
I'm going to apply for an IB margin account sometime this year, but in the meantime, I have a small cash account with Schwab and was thinking of getting a margin account with them as it is about $10K minimum from memory.
Question is though, is it worth it, or will I just put the extra money I need for a margin account towards the IB account? I've never heard Schwab mentioned as a decent broker for locating shares to short from a day trading perspective.