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Author Topic: trading on the OTC BB
phuz
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I am slightly new to trading on the market and while I understand trading on the NYSE, I am not too confident with the OTC securities. I understand that 99% of the time on the NYSE, I can buy and sell on demand. I tried buying 1000 shares of a security once with a limit order. The stock traded through my limit price but I didn't get a fill.

How long does it typically take to get a fill, and once I choose to sell, how long for that also?

Thanks in advance.

Matt


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Purl Gurl
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This is very typical. Whatever order you
placed did not comply with Market Maker
plans to steal money from investors.

File a complaint with your broker for
illegal trading practices; refusal to
execute your order.

There are some basic requirements. Your
buy or sell order must be well within
the daily range of bid and ask prices,
and volume must be sufficient to execute
your order, buy or sell. This is clearly
a judgement call on your part.

If those basic requirements are met,
then you are a victim of illegal trading
practices by Market Makers.

File a complaint with your broker. Place
them on notice you will not condone illegal
trading practices. Your complaint must be
legitimate and supported by those basic
requirements mentioned.

Never expect your orders to be executed.
Your orders will be executed only when
they fit Market Maker plans for the day.
Do not expect your broker to cooperate.

Welcome to the world of Wall Street crime.


Purl Gurl


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Ohio
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The only thing I could think of is that orders put in for OTC stocks are not a priority, I remember trying to buy 5k shares of HQNT at .70 and then for the whole day I see orders of 5-15k orders going through at .68, I remember seeing in the Ameritrade handbook that orders put in for BB stocks get filled when they feel like it.
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