Everything relating to Lightspeed and Wedbush seems highly secretive. "PM me", passwords, links, sheets without precise, reliable rates, hidden margin rates, borrow rates, commission structure only discussed upon request,...., I could not figure out why but this secrecy and lack of binding information is the number one reason that deters me from giving them some of my business. I hate nothing more than discriminate pricing methodologies. That is the one and only logical reason why all that information seems hidden. Charge more to customers who don't know better and/or don't ask for better prices....
Lightspeed, margin requirements
- Thread starter d08
- Start date
Robert Morse
Sponsor
Really-Have you even looked at our website?
https://www.lightspeed.com/pricing/commission/
https://www.lightspeed.com/pricing/routing-fees/
https://www.lightspeed.com/pricing/margin/
https://www.lightspeed.com/pricing/other-fees/
https://www.lightspeed.com/pricing/market-data/
https://www.lightspeed.com/brokerage-services/trading-accounts/funding-information/
https://www.lightspeed.com/technology/trading-software/
https://www.lightspeed.com/education/product-tutorials/
https://www.lightspeed.com/brokerage-services/trading-accounts/trading-platform-requirements/
Which part are we hiding from you?
https://www.lightspeed.com/pricing/commission/
https://www.lightspeed.com/pricing/routing-fees/
https://www.lightspeed.com/pricing/margin/
https://www.lightspeed.com/pricing/other-fees/
https://www.lightspeed.com/pricing/market-data/
https://www.lightspeed.com/brokerage-services/trading-accounts/funding-information/
https://www.lightspeed.com/technology/trading-software/
https://www.lightspeed.com/education/product-tutorials/
https://www.lightspeed.com/brokerage-services/trading-accounts/trading-platform-requirements/
Which part are we hiding from you?
Very fair, I stand corrected and apologize. I admit I have not looked at your website in more than a year. But I do remember that none of that was posted before and you rather preferred almost every single time to private message interested users. But you are absolutely right, I should have checked before making such claim re your current website. Again, my apologies.
The basic margin requirement is around 150%. This basically means that you have to come up with at least 50% of the proceeds that would mount up because of shorting a stock. So, in case you wish to short sell 100 shares of a stock trading at say $10, the margin you need to have in the account would be $500.
What you described is 50%, not 150%. That's still quite high, 2:1 leverage effectively.
Considering the margin required for short-selling is there in the account, how long do you suggest I can hold a short-sell position?
There’s really no limit on how long you can hold on to the short-sell position buddy. However, you’ll do need a reliable broker who loans you a stock considering you’ll sell it in the open market and will further return it in future. When we speak about brokers, you’d want to go for the ones with low fees and easily borrowed stocks. TD Ameritrade and Tradestation for one are ideal for both amateurs and experienced traders because of the advanced research tools and zero fees for the commission of stocks and majority of ETFs.
When nothing good turns up with shorting and I get really frustrated I turn to scalping in forex trading on fxview. Those quick bucks (on most days) are a great feel good factor!