robz83

@Exsertus Hey man, quick question im based in Sydney Australia and Interactive Brokers told me I cant short stocks because they don't accept Australia margin accounts. How did you get around this? (I see you from Melbourne)

Exsertus
Exsertus May 21, 14 11:07 AM

@robz83 Hi mate. The reason why IB won't offer margin is because they mucked up their lending licence with the ASIC back in 2010. Last I heard, they have re-lodged the application, so I hope it gets sorted soon. I have a corporate trust with an AFSL licence, so I'm exempt from the lending restrictions. Unless you wait it out, that would be the only option. My TD Ameritrade and Schwab accounts have margin access, so you might want to give one of those a go. IB definitely has the best borrows.

robz83
robz83 May 22, 14 10:28 PM

cool thanks, ill check it out although i think i tried TD and they said they dont accept Aussie clients. might have to check out etrade...thanks for your help

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robz83

@Mac_the_Trader Hey man, congrats on the trades so far. Just going through Tims DVD's then signing up for Pennystocking Silver. Quick question, what broker are you using? I am leaning towards Suretrader but worried by the fees!

Mac_the_Trader
Mac_the_Trader May 20, 14 2:10 PM

Thanks man. I'm using Suretrader right now. Yes, I agree with the fees. It really sucks! but if you're starting small then I'm afraid we'll have to stick with it first. I don't know if you already know this, but you can raise the limit of shares to 10,000 and pay only $5 per trade on Suretrader. This means a big difference because sometimes we trade stocks under $1 and those shares could really add up. At least this is one benefit of Suretrader :)

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robz83

@Monte_Lee hey there. Just sent my account up on profit.ly. Like your trading style dude. quick question, under you trades it says suretrade but the graphs are from tdameritrade. do you use suretrader as I am looking at setting up an account. thanks!

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EAGLE_TRADERs
1
EAGLE_TRADERs May 21, 14 9:22 PM

I use the web based platform. I use etrade pro for my level 2 and scans ( etrade pro you get a free 90 day trial)

EAGLE_TRADERs
1
EAGLE_TRADERs May 21, 14 9:23 PM

You can ask me anything anytime. I like sharing.

robz83
robz83 May 21, 14 9:53 PM

Thanks again buddy!

robz83
robz83 May 22, 14 7:40 AM

ok ok so i lied! haha, Another one for you! Most of these trades you have are long...for longs are you using TDameritrade, etrade or Suretrader? Thanks!!!! im finalising an etrade account setup and Suretrader ...TD wont accept me because im from ausralia :(

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