I have a pretty big delimenna. I work 9-5 so i really cant use a computer when the market is open. So i can only sell or buy at the opening price for the next day. Is there a way to buy and say OTC stocks at a predetremied value. FYI i uses trading direct for a broker. Any help would be greatly appreiacated.
Posted by Bob Frey on :
Try putting in the sell with out watching. You might think about the sell price when you buy.
Buy the issue and once it's confirmed put in the sell at what ever level you feel fit.
Posted by Ric on :
Put in a limit order sell. You name the price you want to sell it at and if it gets to that level it sells. Might not be max. value that way but if you can't watch it all the time, what choice do you have. I would also put a stop order in. This is a sell price you want to sell at if the stock starts dropping in price. Say you buy at .10, so you put a stop in at .07. If the stock drops in price to .07 then it will sell at market. You can put a stop limit in but if its dropping to quick it may not sell and you are stuck with it. But since you can't watch it throughtout the day a stop order will keep you safe if the stock price started to plummet for some reason.