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Machiavelli, i joined Choicetrade this past week, since then i have bought some penny stock, can i go in later and place a stop limit? The reason i ask is, i've tried it and can't get it to work. What i tried to do is this. I bought xyz for .10 a share, now i want to put a sell order in for .20 ps with a .09 stop limit. Can this be done. I've been with Scottrade for the past 1 1/2 years and have not had the use of stop limits. Thanks, jp
-------------------- I started with nothing, and still have most of it!!!!
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last I corresponded with Mach, he told me he is no longer able to use stops on pennies. I haven't tried since then, but have had other issues and simply forgot to ask them about it...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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My main criteria is to be able to invest in penny stocks but I also want to be able to invest in stocks like google and get a good discount.
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I use Lowtrades (4.95 per trade). No bells and whistles, but it's cheap.
Their L2 + time of sale are (~$14/month), but it's only for Big Boards.
If you are new to trading you are probably better off learning the market before you even open up an account. Once you open account, the urge to trade/invest will be too great and without a doubt will overshadow enormous risks.
Don't buy a car before you know how to drive it.
Good luck to you.
quote:Originally posted by busyguy: My main criteria is to be able to invest in penny stocks but I also want to be able to invest in stocks like google and get a good discount.
posted
No offense busyguy... but there is no such thing as "investing" in penny stocks.... just Trading.. get in , make your money and get out.. stocks like google and big board stocks are more for investing but overall you should strive to be a trader and not a investor... as for stops on choicetrade.com ... for penny stocks... i used to be able to put stop/losses on pinksheets and OTC stocks but i guess Choicetrade caught on to me and stopped it... I don't know if others are able to do it still but if you are take advantage of it... you can still put Stops on penny stocks that are still listed on NYSE,AMEX and NASDAQ though...
-------------------- Let the world change you... And you can change the world.
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call it TRADING!!! TRADING!! not Investing lol have to get you in a Trading frame of mind.. Investing is long term... TRADING is short term... if you not sure how to trade below is a good book to start off with:
A Beginner's Guide to Short Term Trading by Toni Turner www.toniturner.com
This other book is also good because it shows the development of a trader from losing money in pennystocks to making money in big board stocks:
How I made $2,000,000 in the Stock Market by Nicolas Darvas
If you read the toni turner book this book also complements it :
The Candlestick Course by Steve Nison www.candlecharts.com (also his other books)
Another book that shows or explains a successful trading style:
Trend Following by Michael Covel
Various other books that shows how successful traders think:
Market Wizards by Jack D. Schwager
New Market Wizards by Jack D. Schwager
Stock Market Wizards by Jack D. Schwager
Reminisces of a Stock Operator by Edwin Lefevre
-------------------- Let the world change you... And you can change the world.
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