Hi All - Just getting started trading Penny Stocks and learning from Tim's system. I have an account with TD Ameritrade and I tried to short AXPW this morning, however I get rejected with the message: "This stock is not available to borrow. ...Please call our trade desk." So I missed out on this mornings move.
Should I be using other brokers?
Thanks in advance!
Posted Sep 01, 15 7:25 PMbyconciouswarrior
Tickers
$AXPW
If you can use the ThinkOrSwim platform you can see if the shares are ETB, HTB, or NTB. There are stocks to short that are in play but not very many. There are more shares to short for stocks in the $10 too $15 range versus those below $10. Every once in a while you can find those $5 range tickers to short.
I'm close to opening a secondary account with IB and only use their WebTrader to trade from and use TOS for charts, scan, and custom watchlists. IB has more tickers to short if you can open an account with them,
I like the sink or swim platform...there's a lot of great options for charting and stock "scanning", so I'll keep them and open a secondary account with another broker. Tim thanks for the link it was helpful...I'm used to forex trading where buying or shorting is not an issue, since there's so much liquidity. Anyone have experience with Merrill Edge? Since I already have a BOA account I'll check with them tomorrow.
Use SureTrader
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