 Very important What's up money gigs mr. V here welcome to another video guys so into this video I want to walk you guys through something that when I first started I wasn't thinking the mindset that I didn't have When I started trading so I want to share that with you guys today If you're just starting out this might be a good opportunity for you to learn this as quick as possible So you can make money in the market in both directions So but before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and any notification belt So you don't miss out on new content. So the today's video game guys I want to walk you guys through the mindset that I didn't have when I first started trading and Basically once you get in the market most people like new investors. They only have one direction It's like a one-way street. It's like buy low sell high and make money That is the way they think and that's how every 90% of people in the market. That's the way they think It's always like, you know, if I buy a low it goes up. I sell I make profit They never look the other way around that in the market You can make money a ton of money when the market is pulling back So assume that like during the COVID crisis when back in March when the market was pulling back most people Were panicking and selling whereas you had people that are short sellers. They knew what was happening They were selling to buy back low and they made a ton of money Imagine companies going from $400 a share down to 200 or 150 Look at Boeing that went from almost $400 to under $100 So if you are shorted Boeing if you had sold high to buy low look at where you're low as you don't make over $300 a share. So that's the mindset that I didn't have when I first started it I just started it was like a I'm only looking for a good entry point buy low and say hi But now if you start implementing Short selling in your strategy, you're going to see that you can make money in the market in both directions So when it's going up you buy low and sell at the top But the minute you sell at the top the reason you're selling at the top is that you anticipate that there's going to be a pullback Right. So if there's a pullback, why not get ready to get enjoy that pullback So you sell at the top and then turn around and sell again to buy back at the bottom But there is a catch here not everybody can do short selling On the webo platform. So that's the platform that you so I don't know about all the other platforms But in the webo platform, you have to have a margin account to be able to short sell And to open a margin account on the webo platform I think you did $2,000 to be able to get the account and then Some drawbacks is that once you have a margin account with less than $25,000 on the webo platform You can only have three day trades in a five business day cycle So if you buy today and sell today, that's consider a one day trade if you buy again and sell that's two day trade You buy again and sell that's three day trade and you're done Until five business days where you can do that again But um, we didn't while you're waiting you can do overnight trades or what they call swing trading So you can buy today hold it overnight and sell it tomorrow And you won't get flagged as a day trader because you held it overnight and overnight on the webo platform You go from seven p.m. Central time. That's when the market closes to two three a.m. Central time That's when the market opens. So if you hold it overnight within that period And then you're not going to get flagged as a day trader. So those are some of the limitations But again, uh, you can actually make money in the market In both directions. So that mindset that I didn't have I want to share that with you guys So you can start thinking about it, especially for those of you guys that have margin accounts You can look at making money in the market in both directions Keep your eye in the news look at companies when your earnings are coming out If you see that they're going to miss your earnings You see that there's some bad news about a specific company You can jump in and look at it and see what if if there's an opportunity for you to short that company right there You can short it and just enjoy that right down and continue to make some profit So I'm going to jump on the webo platform here and show you how you can actually identify Which stocks are shortable because not every stock is shortable So when you go in to show the stock you might see some stocks to tell that there's not enough Shares to short and some there is a fee that you have to pay to be able to short them And others there's no fee so I'm going to walk you guys through that on the webo platform So let's let's jump right in here and just take a look at what that looks like on the webo platform So right now this is the webo platform again for me Actually showing you guys this is a dashboard that created just for this I have different dashboards that I have set up for my personal training But I'm going to show you guys so if you go under You know where it says trade and then you go to your dashboard If you look at this it says quote I'm going to highlight this here So you guys can see where it says quote and how to add this to your dashboard is you go to widget And then go under stocks and then go under quote right here It would add something like this to your dashboard so you can just pull this and put it right there Since I already have it there's no need for me to to include another one again But once you add that what I want you to do is go to where it says set Set as group click on that and then you can pick a group So for me, I set everything to group one So when I set the group one notice that it changes to tesla because that is tesla that I have open here So if you look at all everything on here is set to group one So have group one group one group one so that when I change This particular stock let's say I switch the stock to something else It would reflect so for instance if I go to neil see everything on this dashboard changes to neil Because they are in the same group. So that's that's one thing. I want to show you guys I'm going to delete this because we don't need it But we're using this one right here as you can see so if you go If you go in here, this is how you know that stock is shortable If you look here at the very bottom here, I'm going to pull these See if I can expand this bring this right here See if we can expand it or it doesn't allow me to expand it But here's what I want you to take a look at right When you go to this particular stock on that quote if you see here We show the NASDAQ total view you go It shows you if the stock is manageable or it shows you if the stock is shortable So right here webo is actually shortable and you can short webo all day long There's no restriction as to if you can short it But let me show you another stock that it might be shortable, but there's restriction. So let's let's see Let's say nano dimensions. So nano dimension is I say it's hard to borrow see that so when it says hard to borrow means that it is not just you cannot just short it Here there is a fee. So if you look at if you click here Or if you look here, it shows you the fee. So for instance, let's go here And I'm going to just do a quick example to see show you guys if I wanted to place a short order in this case I'm going to say I want to short. I would say 100 shares at Let's see. Let's put a price of 4.4. It's just to show you guys the example here And then if I say place order see here It's telling me that I'm trying to short this and there is a fee of 24.15 percent That's the borrow fee that I have to pay if I want to short this and so in this case You know that you have an estimated borrow fee of 24.14 percent and sometimes This fee can go as high as a 100 percent 120 130. I've seen some as high as 200 percent to borrow it Which means that it's relatively Very very difficult to short that stock and so you have to decide if it's worth shorting it I'm paying that fee. So if you look at the cost basis, if you're going to make a ton of money Shorting it then it's easy for you to make to make that payment of that fee Right there. So let's take a look at another one. Let's say bling Same thing here with bling bling has all right. So if you can see here has an estimated borrow fee of 54.05 percent So that's this is where you go to see if a stock is short about or not most people The all they do is they try shorting your stock and then it tells them like, you know, there's a fee That's what they realize but on the weaver platform This is where you go to figure it out to see if the stock is shortable or not So again guys, this is uh, something I wanted to share with you guys because In the market, you can make money in both directions. It doesn't you just don't have to Focus solely on making money on the upside. You can make money on the downside Especially if you are trading for investors, you don't have to worry about this investors Your goal is to buy low as as low as possible and just let it ride Again, I've done a video here where we talked about Who an investor is who a swing trader is and who a day trader is So I'm going to hook that video up here if you haven't already you can definitely go check it out But if you fall in the category of a trader, which means that you buy and sell Frequently you want to consider doing Changing that mindset from like always going long to make profit. You can make profit going On going down to so again some of the key things I want you to consider is know that you have to have an emerging account On the weaver platform, which requires a maximum of $2,000 And then if you don't have $25,000 in your account, you get only three day trade and a five business day Cycle and if you don't then you're gonna get flack if you do more than three day trades You're gonna get flack as a part in the trader So and then I mean you can you can remove that by calling them telling them They can remove it or you have to wait a certain amount of time sometimes 90 days before they can remove that on your account So that's what I wanted to share with you guys in this video. Let me know in the comment section Do you do you short sell or it's not your thing? Have you tried it? Do you have a margin account that you use for that purpose again? What's your mindset when it comes to short selling? Does it make sense to you again? Again short selling is a process of making money and the stock market when things are going south So if you see the price of the start dropping short sellers are making money So you buy you sell high and then buy low, which is the reverse which is again I'm saying like that's the mindset we have is always buying low and selling high in this case You're selling high and then buying back low to make profit If you're new to the channel guys, we talk about how to end money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content and also During this period we both is doing a promotion right now where if you sign up and deposit a hundred dollars You get four free stocks not one not two not three four free stocks guys This is absolutely insane take advantage of this I'm gonna put the links in the description below and as always guys Do your homework. Don't be a greedy savage and stay motivated