I cant short stocks under 5 dollars...wtf

Discussion in 'Trading' started by cashmoney69, Apr 2, 2009.

  1. I placed a sell stop order for tasr, at 4.84, and i got a message from Scottrade saying that I cant short stocks under 5 dollars.

    Anyone else getting this BS?

  2. i think most retail shops have that rule.
  3. FYI, Cobra Trading, www.cobratrading.com will allow all shorts (with a locate), unless they are under $1. Pretty awesome.
  4. I used to have an account with cobra. I miss those day trading times :(