If you have a margin account set up you should be fine to short sell.
It's an E-Trade rule. Read this: http://www.timothysykes.com/blog/can-you-short-sell-stocks-under-2-can-you-short-sell-stocks-under-5/ Interactive Brokers doesn't have such a limit: https://ibkr.info/node/285
Just don't ignore the $2.50 rule either. Make sure you can afford it. http://tradetheticker.blogspot.com/2014/02/question-what-is-250-rule.html
Join now or log in to leave a comment
Your analyis of yourself is great. And the fact that you have found your edge is great. Short sellers are not the norm in the trading world and going long is how most traders including myself do. I have tried my hands on shorting and its not just a natural feeling for me. But for you it seems like you are a natural.
Just be careful because you do not know which ticker will be a black swan so try and only short on first red days etcs. Because if i buy a 1000 shares i only lose the value over time unlike you who could lose everything in an instant. High risk High reward. Good luck
inspirational I would say! And absolute great reflection/progression in your trading career ;) Nice to read this
can see where you are going w/ this. Im still a green horn at day trading; getting better by the day. I got roached a few times this year on what I thought were perfect long plays. MTBC was one. I entered long mid-June @ $1.99 after several bangs of positive news. It tanked immediately. My mistake was I entered off of just news & not price action. Still, this can be a weird market, & shorting for sure has its place.
Join now or log in to leave a comment
What software you using and broker?
Am is SPEX overnight but not good reasons. I forgot that markets close early on July 3rd. So am a bit underwater right now. Remember traders have memories it may still spike tomorrow. But just don't chase.
Join now or log in to leave a comment
Nice dude. It's still to voiltile for me to renter right now for a swing. I will buy when no one is looking lol 👀.
And take a chance on that EU approval. It's rear for stock to have definite confirmed future results. We just gotta keep watching
Rare*
Heavy support @ 2.17 this morning - got out with small gain
Not sure how you arrived at this company been a pump. It’s an airline company. A ture pump is like LTEA which spikes for no reason other than shady press releases. But you still new so you have to learn your own way. GL bro!
The press releases seem shady to me. If the flights are really starting this summer I would think the stock would be valued at more than a penny.
Join now or log in to leave a comment