posted
What brokers allow you to short sell stocks less than $3? ETrade won't allow me to.
-------------------- All posts are my opinion and you should do your own research before buying any stocks. Posts: 25 | Registered: Jul 2006
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Wow that actually lets you short pennies? Like it allows you to short stocks in the sub-penny price range? That's ridiculous... I never knew about this.
-------------------- All posts are my opinion and you should do your own research before buying any stocks. Posts: 25 | Registered: Jul 2006
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posted
Hmm... looks like you can't use Interactive Brokers for penny trading since they charge you for each share you trade not a flat-rate.
-------------------- All posts are my opinion and you should do your own research before buying any stocks. Posts: 25 | Registered: Jul 2006
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posted
Oh okay. So basically if you want to trade pennies with them, your commission will be .5% of the value of the trade. So if you buy $1,000 worth of a penny stock then your commission would be $5. Theoretically, it would be $5 even if you bought $100,000 worth of shares of a penny stock. This is all under the "Bundled" pricing. The "Unbundled" pricing would lead to far greater commissions. Do you have to pick what type of commissions your account uses? Or do you specify it for each specific trade?
And it doesn't say what the commissions are for short selling, but I am assuming that it will NOT be the same as the aforementioned. That is, the commission for short selling $1,000 worth of a penny stock would not be $5, but some other larger amount.
-------------------- All posts are my opinion and you should do your own research before buying any stocks. Posts: 25 | Registered: Jul 2006
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quote:Originally posted by bb money: Shortable through whom ace? Which brokerage
Are you lazy? scroll up a bit.....just kidding. Interactive Brokers it looks like...never done and don't know anyone that has...it's a Canadian Broker and it allowed I hear. Here's the link
quote:Originally posted by bb money: Shortable through whom ace? Which brokerage
Are you lazy? scroll up a bit.....just kidding. Interactive Brokers it looks like...never done and don't know anyone that has...it's a Canadian Broker and it allowed I hear. Here's the link
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