Short Selling Essentials: Choosing a Broker
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- เผยแพร่เมื่อ 10 ก.ย. 2024
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Today, Tim Bohen and Mike Huddie are back answering a common question from short-biased traders ... Which broker should short sellers use - and how do shorts choose a broker? If short selling is your strategy, watch and learn!
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If you want to be a consistent short seller, you gotta have the right broker. Not every broker will have shares for you to borrow and short.
Like Huddie, you can use multiple brokers. Some have hot and cold seasons. Some require you to have a bigger margin or cash account to join, and some have fewer requirements...
So it’s super important that you do your research. Be very thorough in your decision. Make sure you make a list of all your criteria … Then find the brokers that can suit you best.
Tune in to the video to learn about a few brokers - including their pros, cons, and limitations.
Remember, if you’re pursuing short selling, you MUST have discipline! Too many new traders rush in without the proper skills, education, or foundation. And having the wrong broker is a common mistake a lot of newbies make.
If you end up stuck with a broker that doesn’t allow you to borrow shares, you might start ignoring the plays you know best. If you start ignoring those plays, you could end up in random trades … and that ultimately leads to random results.
And you gotta learn to keep your emotions in check.
Remember, short selling is a difficult strategy. So if you’re gonna do it, do it well. Take time to consider your approach. Find the right broker for your setups. And, of course, learn to stay disciplined, put in the time and effort, and find consistency before you start branching out.
#StockMarket #ShortSell #Broker
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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What do you look for in a broker? Let us know. We love to hear from you - so drop a comment or question below!
Every word out of Michael Hudson's mouth was gold. He doesn't waste time and gets right to the point. VERY well done. Thank you.
Glad you enjoyed it!
Interactive Brokers requires $2k in a Margin account for short selling.
which is best short sell for penny stocks in usa?
I love these interviews. So much pros/cons analysis that drastically increase someone's knowledge. Not all perfect and not all bad. A balanced view.
Without any doubt.....You are the most honest un- pretentious guys out here.
Please keep these info sessions coming
How can I short OTC stocks in the U.S. with a $10,000 account?
How do you guys think tradestation is for shorts?
New to shorting and moved from Charles Schwab to cobra. Hasn’t been a trade I wasn’t able to locate
When I want to short on IB (minimum is 2k) if there are no borrows, the order just won't go through. Then the next day, you'll get an email saying that shares are available. But I keep hearing about "reserving shares" so that you can choose to short, how does that happen? Is it in a Pro IB account? Or something from a high net broker?
Go over how to determine and cut/eliminate a strategy that isnt working anymore
Great suggestion!
Can we short selling stocks with leverage? I think 10X leverage is enough..
I had a talk with tradestation and they are staying that because I did two purchases of a SELL (this is for short selling) position and then I did a BUY transaction at a lower price on the same day, thus making profit, because I made 2 sell transactions, its counted as 2 day trades.
I argued that if I purchased a sell position, 10 times and if I then made profit by the BUY transaction, by his logic that would make 10 day trades in one day. He basically said that was correct.
Is it me or is that wrong?
Thanks
I had a talk with brokerage and they are staying that because I did two purchases of a SELL (this is for short selling) position and then I did a BUY transaction at a lower price on the same day, thus making profit, because I made 2 sell transactions, its counted as 2 day trades.
I argued that if I purchased a sell position, 10 times and if I then made profit by the BUY transaction, by his logic that would make 10 day trades in one day. He basically said that was correct.
Is it me or is that wrong?
Thanks
thank you,very helpful info
Thanks for the breakdown. I currently have etrade and never been able to get shorts, so this gives me an idea what to try next. Thanks
ETC Clearing vs Vision Clearing? what is better for shorting small cap.
How would you look for brokers through the platforms like stocks to trade platform or through E-Trade platform or do you have to look him up in the phone book or online somewhere.
Just paper trade first and spot short pattern
Paper trade is nothing like real money it's a joke! So many rules start popping up when it's the real deal it's a joke all a fix
Does Tradestation hold a large inventory of penny stocks for shorting?
Hi Tim. Sorry for a question out of topic, but besides the Course, do you offer also a service of live buy/sell stocks alerts?
Is cobra or centerpoint better for located prices?
VERY GOOD INFO GUYS!!😁😁😁😁
1:26 Interactive Brokers = $10,000, Trade Zero = $2000
Great input... Thanks 💪👽💲
🙌🙌
What would be a good broker to use. I’m from the uk and can’t use e-trade?
We recommend Interactive Brokers for non US members.
DTTW Day Trade The World
Dude you’re in the UK, you’re allowed to trade spot gold. Way better than stocks.
Trade CFDs if your in UK it’s legal and you can short just about anything
Cheers
Retail brokers are pretty much scams. Only a few on TH-cam actually go into the real world aspect of how the brokers use retail traders to make profits. My advice is quit chasing dreams and focus on logic and where you can actually make money with your hard-earned cash.
Trading reminds me of when I work in the casino. People knew that in and out of a game and could make a profit but it took a while.
Interactive brokers sucks, there is always no shares to short @ 9:30 and even earlier in the morning.
what was occurring back in 2008 is not relevant
Tim's voice is just so annoying. but I like what he says..lol