posted
I was just wondering, I never traded otc stocks before. When I tried to execute a market order, the broker only executes limit orders to purchase OTC. Is this with every one or just my broker?
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Scottrade has that policy - only limits. Somewhat painful paying the $12 instead of $7 market (especially if you're working with relatively small sums like me), but - certainly limit orders have their advantages over market orders.
I'm kind of glad Scottrade doesn't allow you to do 'net trading of pink sheets, actually. Might save me from temptation to dabble in pinks, which would probably be quite bad for my finances. OTCBB is one thing and risky enough, pink...be careful if you go there
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