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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, &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 :
I also use TDbut 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,