Daily profit: ($915.85)
Weekly profit: $271.03
Trades:
+ SLD 201 SPDE false Stock 7.100 USD DRCTEDGE 08:04:01 1.00
+ SLD 2,599 SPDE false Stock 6.703 USD DRCTEDGE 09:30:18 13.48
BOT 10,000 LFBG false Stock 0.0350 USD SMART 09:35:03 1.75
+ SLD 10,000 LFBG false Stock .034 USD SMART 09:50:55 1.70
BOT 400 UFI false Stock 3.38 USD SMART 09:57:02 2.00
+ SLD 400 UFI false Stock 3.400 USD SMART 10:07:05 2.00
+ BOT 300 ARNA false Stock 4.920 USD SMART 11:09:29 1.50
+ SLD 300 ARNA false Stock 4.930 USD SMART 11:15:13 1.50
Disclosure: No positions. I have a disclosure policy.
CBBO traded 59K shares yesterday and over 2mil today, that’s my next short.
i set an alert on VVTV…. look out for it Monday… just broke resistance… Also look at RAD. i know you guys hate real companies but they are raelly cheap for their industries.
I use IB and I wanted to know
1)What do you use for pre mkt scanning?
2)What font settings do u use in IB
Thanks
1) See my post on scanning for pre-market gainers using IB.
2) I use Malgun Gothic, I think 18 point … I have a 22″ widescreen with a 1920×1200 resolution for my TWS so that is why I use a non-standard font.
These are good questions so I’ll add these to my FAQ.
Reaper,
Curious why you are not joining Tim and others on the short of GVBP? I have been out for 2 days so not in it myself but wondering your thoughts?
Have a good weekend!
BTB, you may or may not recall, but I got my start trading by doing long-term shorts of fundamentally horrid or downright scammy OTC BB stocks. I stopped that after it got hard to hold onto borrows and I got a forced buy-in on a losing position. I have lived in continual fear of forced buy-ins since then and have not held a short for more than 2 days at most for that reason. I may still get in on GVBP but there is still a risk of a forced buy-in.
right after i posted, the thought of a forced buy-in occurred to me.
personally, i hate shorting longer term when there are not readily available shares to short. really hate not being able to add to the position if it goes against me.
I’m trying to pick a new broker… Zecco sucks for shorting because shares are unavailable or the stock is too cheap.
I wanted TOS but is it true they will not let you short stocks under $3 ?
I looked into IB but you need $10,000 in order to open an account.
SogoTrade seems unreliable when it comes to shorting stocks. Also is their a price restriction on shorting stocks, and do they let you short OTC stocks?
Whats up with Speed Trader, Tim kept mentioning that brokerage firm last year in Livestock, anyone have a verdict?
Sogo won’t let you even trade OTC stocks. I am not aware of a price restriction there on shorting listed stocks. Speedtrader is what Investorslive uses but I have heard some bad things about them too.
Thanks.
What does a trade bust mean? Googling didn’t help a lot.
“I also went long 20,000 shares of GVBP at $0.26 this morning in pre-market trading but that trade was busted as a trade-through”.