"Got my first Fine from the SEC. Did an Illegal short sale. I didn't know i did it but they fined me $25 dollars plus my profits on the stock which was $35. I think, besides opening orders, i should stay away from short sales from now on. They cost more because they are billable orders and now i get greif from this. Im sure i still had to pay the commission of 2 cents to my broker (buy and sell) and the 1 cent to the specialist plus another 80 cents for SEC fees and BAM...im out $76 bucks...as if monday wasnt bad enough." I read this quote on some ones trading journal and would appreciate it if some one could explain to how to do a shortsale without getting fined? (Nasdaq and NYSE) I have a basic scottrade retail account and usually just stick to trading hard commodities. Thank You, in advance for the replies!