Shorting on IB

Discussion in 'Trading Software' started by gobar, Sep 29, 2008.

  1. gobar


    I am new to shorting and I have couple of Q regarding shorting on IB.

    how do u short on IB?

    do u just click and and if you want to cover u click buy?

    Also if you have over $25000 is there limit how many stock u can trade?

  2. gaj


    first - be careful when shorting, make sure you have stops in place, etc.

    short on IB - click on stock, click sell, it's done.

    if it's RED, you can't short.
    if it's GREEN, you can.
    if it's a fuzzy green/black, it's not, but they may be able to get shares.

    if you're above 25k, there's no limit for number of stocks, as long as you don't break margin limits. see PDT rule for what the margins are and on under $5 stocks, you have to put up between 2.50 and 5.00 margin / share.
  3. gobar


    thanks for the reply..

    really appreciate quick response.