I am an active trader for 5 years with my own daytrading accounts at Tradestation, Interactive brokers, MB trading, and Ameritrade. Play with two directions, buy and short. Very profitable. Beginning from this year, it becomes harder and harder to get chance to short stock at the retail brokers. I am now looking to switch to Prop firms that can provide me chance to short any stocks I want. I don't care high cost as long as the prop firms can locate hard shorts for me. Do anyone know if there are such prop firms existed? Thank you for your advice!
Go with someone who clears thru one of the bigger houses. SLK ( Goldman Sachs) has always had a good stock loan department, so find someone who clears thru them. But . with the new rules regarding shorts, it has been increasingly difficult to do so this year. Trade futures;its easier ,ande the NFA promotes participation by the public,as opposed to the SEC. I will now step down from my soapbox...
Assent has been pretty good at locating stock for me, but at outrageous prices. How about 5-10 cents/share for a stock with a 10 cent daily range? Or 30 cents/share for a larger cap stock. Oh and that's just to release it to your account, if you don't execute a trade, you still get billed.