hi, what do you also mean by BORROWSFEES on your dec trading? You seems have lost 7k in a trade?

Hi jayjaydagumboy. I am a member of promotionstocksecrets.com, and they provide a daily list of active stocks. Most of my trades are short sells, so I look for stocks that will go down. Usually this means finding stocks that are already up a lot that don't really deserve to be up. I find this easier than predicting what will go up.

In order to short sell a stock, you first have to borrow shares from your broker. If the stock is "hard to borrow", you have to pay a locate fee. You might also have to pay interest for holding the borrowed shares overnight. I record these fees as trades to accurately portray my profit after expenses. My $7K loss in December wasn't an actual trade, but the sum of all the locate fees and interest I paid in December. I have a similar "trade" for every month, although $7K is much larger than n

thank you for clarifying.. I was just shocked about the cost of hard to borrow stocks, I wish you the best in trading.