Comments on: What a crime not to short PCX & AMSC today http://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/ Trade to win Sat, 04 Feb 2012 15:04:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trader Momhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-518 Trader Mom Wed, 06 May 2009 02:14:03 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-518 It makes me jealous that you can virtually short anything. It makes me jealous that you can virtually short anything.

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-1976 Satuki (Trader Mom) Wed, 06 May 2009 02:14:00 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-1976 It makes me jealous that you can virtually short anything. It makes me jealous that you can virtually short anything.

]]> By: traderxhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-517 traderx Wed, 06 May 2009 01:50:58 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-517 What broker do you use? Well, thats a long story. LOL! Basically I have a friend who runs a hedge fund and I use his broker and clear through Goldman Sachs. The advantages are super low commissions and I can pretty much short anything so long as I cover by end of day. Overnight borrows are sometimes a different story. I've used IB for years though and at one time their borrow list was terrible. Nowdays, as I said earlier, their list is such that I feel very confident in saying I could trade just with them and not miss any opportunities. I use e-signal for my charts and IB is really lacking in that area. I know a lot of people who have TS accounts just for the charts so I assume thats their strong point. <abbr><em>traderx’s last blog post..<a href="http://unemployeddaytrader.blogspot.com/2009/05/week-ending-5-1.html" rel="nofollow">Week ending 5-1</a></abbr></em> What broker do you use?

Well, thats a long story. LOL! Basically I have a friend who runs a hedge fund and I use his broker and clear through Goldman Sachs. The advantages are super low commissions and I can pretty much short anything so long as I cover by end of day. Overnight borrows are sometimes a different story.

I’ve used IB for years though and at one time their borrow list was terrible. Nowdays, as I said earlier, their list is such that I feel very confident in saying I could trade just with them and not miss any opportunities.

I use e-signal for my charts and IB is really lacking in that area. I know a lot of people who have TS accounts just for the charts so I assume thats their strong point.

traderx’s last blog post..Week ending 5-1

]]> By: traderxhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-1975 traderx Wed, 06 May 2009 01:50:00 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-1975 What broker do you use? Well, thats a long story. LOL! Basically I have a friend who runs a hedge fund and I use his broker and clear through Goldman Sachs. The advantages are super low commissions and I can pretty much short anything so long as I cover by end of day. Overnight borrows are sometimes a different story. I've used IB for years though and at one time their borrow list was terrible. Nowdays, as I said earlier, their list is such that I feel very confident in saying I could trade just with them and not miss any opportunities. I use e-signal for my charts and IB is really lacking in that area. I know a lot of people who have TS accounts just for the charts so I assume thats their strong point. <abbr><em>traderx’s last blog post..<a href="http://unemployeddaytrader.blogspot.com/2009/05/week-ending-5-1.html" rel="nofollow">Week ending 5-1</a></em></abbr> What broker do you use?

Well, thats a long story. LOL! Basically I have a friend who runs a hedge fund and I use his broker and clear through Goldman Sachs. The advantages are super low commissions and I can pretty much short anything so long as I cover by end of day. Overnight borrows are sometimes a different story.

I’ve used IB for years though and at one time their borrow list was terrible. Nowdays, as I said earlier, their list is such that I feel very confident in saying I could trade just with them and not miss any opportunities.

I use e-signal for my charts and IB is really lacking in that area. I know a lot of people who have TS accounts just for the charts so I assume thats their strong point.

traderx’s last blog post..Week ending 5-1

]]> By: Trader Momhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-516 Trader Mom Wed, 06 May 2009 01:09:30 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-516 I am just focusing on my executions right now and try very hard not to worry about my daily profits/losses. My positions are very small relative to my account size. Once I have full confidence, I will scale up. Trading 50 shares of MA is exactly the same as 500 shares As for MHK and ROK, I am expecting a quick pull back like CYOU and PCX. Of cousre, I will wait for signals of weakness and have conviction when the signals are there. It is strictly day trading. It is absolutely no no to swing short these guys I am just focusing on my executions right now and try very hard not to worry about my daily profits/losses. My positions are very small relative to my account size. Once I have full confidence, I will scale up. Trading 50 shares of MA is exactly the same as 500 shares

As for MHK and ROK, I am expecting a quick pull back like CYOU and PCX. Of cousre, I will wait for signals of weakness and have conviction when the signals are there. It is strictly day trading. It is absolutely no no to swing short these guys

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-1974 Satuki (Trader Mom) Wed, 06 May 2009 01:09:00 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-1974 I am just focusing on my executions right now and try very hard not to worry about my daily profits/losses. My positions are very small relative to my account size. Once I have full confidence, I will scale up. Trading 50 shares of MA is exactly the same as 500 shares As for MHK and ROK, I am expecting a quick pull back like CYOU and PCX. Of cousre, I will wait for signals of weakness and have conviction when the signals are there. It is strictly day trading. It is absolutely no no to swing short these guys I am just focusing on my executions right now and try very hard not to worry about my daily profits/losses. My positions are very small relative to my account size. Once I have full confidence, I will scale up. Trading 50 shares of MA is exactly the same as 500 shares

As for MHK and ROK, I am expecting a quick pull back like CYOU and PCX. Of cousre, I will wait for signals of weakness and have conviction when the signals are there. It is strictly day trading. It is absolutely no no to swing short these guys

]]> By: Trader Momhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-515 Trader Mom Wed, 06 May 2009 00:56:06 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-515 What broker do you use? TS is pretty bad when it comes to shorting low priced stocks. And it is OK with high flyers. They have an average of 8000 shortable positions daily. IB has slightly more, around 8500. TOS has aorund 8000 too. Of cousre they might have different shortable stocks. I think if I have all of them 3, then the total shortable might be well over 12000 (just a guess). What broker do you use? TS is pretty bad when it comes to shorting low priced stocks. And it is OK with high flyers. They have an average of 8000 shortable positions daily. IB has slightly more, around 8500. TOS has aorund 8000 too. Of cousre they might have different shortable stocks.

I think if I have all of them 3, then the total shortable might be well over 12000 (just a guess).

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-1973 Satuki (Trader Mom) Wed, 06 May 2009 00:56:00 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-1973 What broker do you use? TS is pretty bad when it comes to shorting low priced stocks. And it is OK with high flyers. They have an average of 8000 shortable positions daily. IB has slightly more, around 8500. TOS has aorund 8000 too. Of cousre they might have different shortable stocks. I think if I have all of them 3, then the total shortable might be well over 12000 (just a guess). What broker do you use? TS is pretty bad when it comes to shorting low priced stocks. And it is OK with high flyers. They have an average of 8000 shortable positions daily. IB has slightly more, around 8500. TOS has aorund 8000 too. Of cousre they might have different shortable stocks.

I think if I have all of them 3, then the total shortable might be well over 12000 (just a guess).

]]> By: traderxhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-514 traderx Wed, 06 May 2009 00:45:43 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-514 From what you say it appears Tradestation has a pretty crappy short list. SInce you like shorting (so do I) I would think this is big problem. I know a lot of people who use Tradestation for the charts but none of them trade there just for this reason. Even IB (my backup broker) usually has anything I want available. Very rare thats not the case. Just an idea. <abbr><em>traderx’s last blog post..<a href="http://unemployeddaytrader.blogspot.com/2009/05/week-ending-5-1.html" rel="nofollow">Week ending 5-1</a></abbr></em> From what you say it appears Tradestation has a pretty crappy short list. SInce you like shorting (so do I) I would think this is big problem. I know a lot of people who use Tradestation for the charts but none of them trade there just for this reason. Even IB (my backup broker) usually has anything I want available. Very rare thats not the case. Just an idea.

traderx’s last blog post..Week ending 5-1

]]> By: Jhttp://www.momdaytrader.com/blog/2009/05/05/a-crime-not-to-short-pcx-and-amsc/#comment-513 J Wed, 06 May 2009 00:45:16 +0000 http://www.momdaytrader.com/blog/?p=1474#comment-513 Excellent trading. I am amazed at how you can pull so many winning trades so many days at a stretch. Great job! What are your reasons for keeping MHK and ROK in shorting list? TIA Excellent trading. I am amazed at how you can pull so many winning trades so many days at a stretch. Great job!

What are your reasons for keeping MHK and ROK in shorting list?

TIA

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