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Replies to #7 on Stocks to short

swing_trader

07/24/13 7:13 PM

#8 RE: FollowNoOne #7

Well I look for stocks that are way over bought. I never short sub pennies for the simple fact that they can jump for no reason at all and that can cost you big bucks. Look at this stock chart here. I just shorted this one. I was up $750 the first day but I held it because it will drop further. Even though it went up almost another dollar it will still drop. It is way to extended and It cant sustain itself. People will take profits and it will get shorted back down to close the gap. My bread & butter is the futures markets. I go long and short it. I average around $1,000 to $1,500 a day. I have been doing this for years. Do your self a favor and do not get into shorting sub pennies unless you have tons of money. I have plenty money and I wont do it. Its to easy to make money swing trading.