Allstocks.com's Bulletin Board: stop loss orders on pennies...

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Topic: stop loss orders on pennies...

kanalgeruch
Member

posted

Probably silly question - There is no way
to place stop loss orders for my (sub)pennies on scottrade or on lowtrades.

Are there any programmers out there that could write a script - perhaps using the free Medved Tracker - to effect stop loss orders?

willing to buy you 300 000 shares..or let's be genenlours here, let's say 1/2 Million shares of PCCR if someone could write the script for me...

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rickpic
Member

Member Rated:

posted

Putting stop loses on sub pennys is like giving you money away! When one tick down is 30-50% sometimes! There is no way you could control your lose on the first tick down!

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Nothing moves a sub like news!!!

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kanalgeruch
Member

posted

I still would prefer to take a 30-50% loss than a 80% loss....don't want to be glued to the damn monitor...affects my life ;-)

I now typically put in bids @ 20-30% below the ask, just to guard against major losses..but than I lose quite a few winners..if I were to have a stop loss program, it would make life a lot easier!

Anyone else interested? I might try to bug some of my nerd programmer friends about this...

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