🔴 Want to learn more from Tim Bohen, check out StocksToTrade Pro: https://bit.ly/342wkJl
🔴 Try StocksToTrade for $7: https://bit.ly/2X5r7yH
If you short sell — or even just think about it — you gotta know the dark side. Today, Michael Goode dives deep on how bleak things can get with this risky strategy. What happens if you let a stock you’re shorting go all the way to zero? It’s NOT pretty. Here’s what you need to know...
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/ZH_hoSg0uuY
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://bit.ly/2X5r7yH
🔴Get our FREE weekly watchlist here: https://bit.ly/39xKcMI
🔴Traders Blueprint Free Guide: https://bit.ly/3bMn9zq
🔴Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/NlIHqroxj1Q
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Some short sellers can think that letting a stock go to zero — or GTZ — is the best-case scenario. Wrong.
Take it from Michael Goode. He knows from experience just how ugly things can get.
First, you gotta know which stocks are at risk of losing value — often it’s with stocks going bankrupt. Seems like a no-brainer, right? These stocks will dwindle all the way down to nothing.
But here’s the thing … When a stock is wiped out, the company has to tell the Depository Trust & Clearing Corporation to delete the stock.
And that doesn’t always happen. So that stock can just sit there … and sit there. If you’re shorting it, it can cost you borrow fees and eat up your margin indefinitely. Avoid this at all costs.
Goode’s been holding one of these stocks for years, waiting for it to be deleted.
Tune in to learn what to watch for and what to absolutely avoid. Because you don't wanna end up shorting a stock and suddenly there's no market for it.
The same goes for halts. Find out what happens when trading on a stock is halted by the SEC and how that can play out on the OTC markets or the NYSE and Nasdaq.
Today’s video is packed with key lessons for shorting smarter. Don’t let your account get tied up in worthless stocks or fall prey to endless borrow fees...
The good news? There are ways to get around this. Tune in as Goode explains how he has in the past.
Short selling can potentially be a great edge to have — if you understand it … But you must know the downsides and risks. Remember to trade smart. Don’t enter a trade if you’re not sure and always cut your losses quickly.
#ShortSelling #GoingToZero #Halts
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Try StocksToTrade for $7: https://bit.ly/2X5r7yH
If you short sell — or even just think about it — you gotta know the dark side. Today, Michael Goode dives deep on how bleak things can get with this risky strategy. What happens if you let a stock you’re shorting go all the way to zero? It’s NOT pretty. Here’s what you need to know...
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/ZH_hoSg0uuY
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://bit.ly/2X5r7yH
🔴Get our FREE weekly watchlist here: https://bit.ly/39xKcMI
🔴Traders Blueprint Free Guide: https://bit.ly/3bMn9zq
🔴Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/NlIHqroxj1Q
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Some short sellers can think that letting a stock go to zero — or GTZ — is the best-case scenario. Wrong.
Take it from Michael Goode. He knows from experience just how ugly things can get.
First, you gotta know which stocks are at risk of losing value — often it’s with stocks going bankrupt. Seems like a no-brainer, right? These stocks will dwindle all the way down to nothing.
But here’s the thing … When a stock is wiped out, the company has to tell the Depository Trust & Clearing Corporation to delete the stock.
And that doesn’t always happen. So that stock can just sit there … and sit there. If you’re shorting it, it can cost you borrow fees and eat up your margin indefinitely. Avoid this at all costs.
Goode’s been holding one of these stocks for years, waiting for it to be deleted.
Tune in to learn what to watch for and what to absolutely avoid. Because you don't wanna end up shorting a stock and suddenly there's no market for it.
The same goes for halts. Find out what happens when trading on a stock is halted by the SEC and how that can play out on the OTC markets or the NYSE and Nasdaq.
Today’s video is packed with key lessons for shorting smarter. Don’t let your account get tied up in worthless stocks or fall prey to endless borrow fees...
The good news? There are ways to get around this. Tune in as Goode explains how he has in the past.
Short selling can potentially be a great edge to have — if you understand it … But you must know the downsides and risks. Remember to trade smart. Don’t enter a trade if you’re not sure and always cut your losses quickly.
#ShortSelling #GoingToZero #Halts
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
I am in a similar position as Michael back then. Holding 10k shares long in SPNX that went bankrupt and cancelled the stock yesterday… Is there a chance to find someone with short position and send him shares to cover in exchange for money? And how to find someone with short position, already posted it on twitter.😔
Great answer I always wonder what happens if a stock goes to zero if your shorting it. Btw GameStop brought me here
What do you mean at the end by “that is now locked”? What gets locked?
thank you
It's 100k position vs a 8k position with that rule
Hit us up with your trading questions! We love to answer them in future video lessons!