Today I only had $200 of unsettled cash in my account.

I placed one trade today. Lost of course. I bought $TTNP for 3.71 and sold for 3.55. Again I thought I was dip buying for another run up to 4.00 and it didn't bounce. I suck at dip buying. lol. That is why I have decided to change my strategy from this point on.

I watched PennyStocking Part Deux last night........yeah all 6 hours of it.......shut up don't judge me! lol. My eyes are opened. Here is a link to the dvd. http://profit.ly/store

I have had a cash account up to this point, but you can't short sell with a cash account. You must have a margin account. I upgraded my Etrade account to margin today and am ready to try my hand at shorting.

I paper traded $ICLD today and my entry was at .98 short. At this very moment it is at .72. Let's say I covered (bought) at .78 for 2000 shares. Thats a $400 profit and I nailed it perfectly. If I still had it, it would be a $540 profit. This makes so much more sense to me.