How To Short Sell Hard To Borrow Stocks Via TD Ameritrade

Posted by Timothy Sykes on Fri 28th of Aug, 2009 04:30:10 PM

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Short Selling

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I just made $1,500 shorting VG from $2.27 (now at $1.35ish), putting me up like $8,000, or 10% on the month, & TIMalert subscribers just banked $50,000+, YES FIFTY THOUSAND PLUS DOLLARS, correctly shorting Vonage Holdings Corporation (VG) for a 30%+ one day gain…I’ll have all the individual testimonials later, but right now it’s 2:41AM Thailand time so I’m just gonna re-post a solid answer when someone asked how to short this stock at a broker like TD Ameritrade:

Kelly-

I also use TD Ameritrade but I have no issues Short Selling.

First - you have to enable your account to margin trading. Just simply opening an account with TDA does not mean you are able to short sell. I believe its under account options that will enable this feature. They will make you acknowledge the risks of Short Selling.

Second - You must have a minimum of $2,000 dollars available to trade with or short with.

Third - TDA will not allow you to short OTC BB or Pink Sheet type stocks.

Fourth - When you initially fund your account and enable margin trading, you will have to wait 3 business days before you can short sell.

Fifth - You can’t reserve shares to short like what Tim recommends. You simply have to take a chance that shares will be available. if they are…then great. If not, then you will have to wait for the next opportunity or keep checking (by placing short sell orders) to see if shares become available.

FWIW…I had no issues Short Selling VG or RTK…

Hope this helps,

Jon

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Related Reading

This Is A Message To My 1,200 Covestor Followers August 4, 2008
The Exact Process By Which It’s Possible To Short Sell Hard To Borrow Stocks March 10, 2009
How To Short Sell aka What Is Short Selling April 20, 2008

AC

Tried shorting VG the other day through TDA:
"Shares of this security are not available for shorting."

Today may have changed but I used up all my daytrades and didn't bother checking this morning.

jammy15yr

tim i dont think you understood what i was suggesting on livestock. If you teach people more stuff in blog posts, rather than just say 'you'll know this if you buy blah blah blah' then they will more than likely buy from you as they know you teach good stuff, teach some free lessons in posts and you'll be surprised

timothysykes

i really dont care if people buy from me, i aint gonna repeat myself over and over, one of the small pleasures of being real

jammy15yr

uhh you were asking for marketing idea i remember? you said that you wanted to hear some ideas about how to boost your sales as they aren't doing well at the moment?

although if you ask me i think 120k a month is probably more than enough

Cosmo

jammy, you should read Tim's book, blog, emails, etc if you want to find out what he's about and pick up some freebie tips. I read a single blog post about Tim on another blog, looked a bit at his site and bit the bullet on Pennystocking part 1 (with all of the other courses following shortly thereafter). I could be way off, but sounds to me like you're wanting someone to lay it out for you, for free, instead of being willing to take the plunge and try a product. he offers a money back guarantee, so what do you have to lose?

jammy15yr

lol i have bought PS1 a while ago and it was great- hence why im mentioned in the reviews section of it.
he was asking about marketing strategies, i just suggested that people will more than likely buy his DVDs if they know he teaches good stuff in the first place....

Cosmo

Ahh, that makes sense. I get what you're saying though. Always a tough balance between the freebie stuff and paid stuff.

amman

tried shorting thru TDA as well. it also said no shares available

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See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

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Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

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Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

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TIM Trades

View All

Date	Stock	Buy	Sell	Net
Nov 19	AENY	$2.80	$3.02	$1148
Nov 18	NLST	$4.16	$4.40	$947
Nov 18	IMGG	$1.42	$1.64	$2094
Nov 17	NLST	$5.04	$5.59	$2195
Nov 13	VRMLQ	$21.50	$22.97	$2901
Nov 11	EONC	$2.61	$2.80	$687
Nov 10	EONC	$2.74	$3.36	$9784
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: $98,094 (681%)