Best Stock Broker For Short Selling: Which Two Do I Use & Recommend?
Posted by Timothy Sykes on Fri 19th of Jun, 2009 08:00:57 AM
Tags:
This is the single most frequently asked question I get so, every 2-3 weeks I think I’ll have to repeat it (it takes a while for information to sink into traders/investors…you have to treat them like little kids because market experience and cynicism-wise, little kids is exactly what 99% of these people are)
Thinkorswim is the single best broker I have ever used, great executions, customer service and I’ve extremely proud to use, recommend and be an affiliate with them (so if you open an account with them, let them know who sent ya!) Their minimum is $3,500 and they’re very good at finding me shares of-hard-to-borrow stocks.
Interactive Brokers is another broker I use, they have the best borrows on the stocks I like to trade (learn how to find the stocks I trade each day HERE)
SogoTrade, SpeedTrader, TradeKing and Goldman Sachs (GSCO has tons of IBs or introducing brokers so you open an account with them and get access to GSCO’s list of stocks to short….if you don’t know what GSCO is don’t talk to or email me because I don’t have the patience to deal with such basics, watch 36 hours of instructional content I’ve been nice enough to create for you people…yah, I don’t have to be nice, nor should I be, if you wanna be a trader get used to dealing with the worst/most soulless people in the world, my “tough love” act is a nice preparation) are 3 other great sources for short sellers.
Scottrade and ETrade might have the biggest marketing budgets (that’s why sooo many of you have accounts with them), but they should’ve invested in building better platforms for short sellers, as they are, they suck for Short Selling so stop wasting my time when you mention them and say “Scottrade says you can’t short stocks under $5″…of course you can, Scotrade just sucks at Short Selling so they need to make excuses for their suckiness.
If you have any kind of problem with the negativity I display in this post, stop reading my website, don’t even think about Short Selling, don’t even think about learning how to short sell, just go about your blissfully ignorant bullish ways and allow us to plunder your acocunts when reality sets in, gratzie!
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
Related Reading
-
Eric
-
propTrader
-
Danyboy
-
Tyler
-
Will
-
Renton
-
Tamas
-
Tamas
TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $92,304 (644%)
