I currently have a small cash account. I have just recently lost several hundred dollars trying to go long. If I switch to margin, I would be under the PDT rule. Do small accounts have good borrows for short-selling (my current broker is Fidelity)? Does going short give you more profits than going long?
I currently use Fidelity's platform and their scanner/alert system sucks. So it's hard for me to detect stocks that are about to break out. However, once the stock does break out and goes over-extended, I can try to short-sell. Is it generally advisable for small accounts to start short-selling?
yes that is correct,. 2.50 Rule. Each share ya will need 2.50 per each one. Personally have never ran into a issue with the cost being a factor same for all ticker costs
$2.50 a share extra?! Holy shit! To short 10k shares, you would need 25k extra! Wow!
I think you should wait with the short selling - its much easier trying to understand and make money on long in the start and most important build a big enough account for shorting - this is a key element for shorting as the 2.50 rule apply .. Keep studying hard and your time will come!
Thanks for your replies!!
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