Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Melissa McAuliffe who wrote (1130)	6/19/1998 10:11:00 PM
From: BILL G. WRIGHT	Read Replies (1) of 2120

Did you send in the necessary forms to open a margin account? Also, i believe you can only short a stock on the Nasdaq on an up-tick. Perhaps this stock, although not likely, had not made an up-tick at time you were checking status of the transaction. I use Datek for online trading and do not believe I would have experienced the problems you cited. However, I believe one can have problems with any of the on-line brokers. I track a lot of message boards and judging from what readers post, all of them have problems. If I may also suggest that you might be a little too aggressive with your trading if you are inexperienced with it. Be careful, it can be a cruel game

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