Charles asked:
Where is the best place to buy and sell penny stocks (ie. Scottrade)?
Where is the best place to buy and sell penny stocks (ie. Scottrade)?
Any suggestions on where to get info on penny stocks?
penny stocks profitable business
Tags: Penny Stocks, Scottrade, Sell Stocks
It’s a good way to lose money.
Peter Leeds.
Treat me nice so far
Penny stocks covers a lot of territory these days. The answer is different if you mean listed issues under $5 per share as opposed to unlisted stocks that trade on the OTCBB or Pink sheets.
If you are asking about OTCBB or Pink sheets then my suggestion would be to find a good charity and just give them your money. That is not a game for new traders.
My answer would be any broker that allows you to trade unlisted stocks. Call them and ask about volume restrictions, restrictions on individual issues, whether they allow electronic trades in unlisted stocks or require phone orders for them. Be sure to ask about per share fee’s. Another important piece of information would be to ask about their T-3 rules. Will they allow purchases with unsettled funds or not. Ask about their version of the pattern day trader rules as well.
For pink sheets:
For OTCBB:
You will need this one as well:
I know you do not want this answer, but, I tried it once. You lose money way to easily. I thought that everyone who told me not to do it were just annoying. The only way I realized they were telling the truth was by me actually trying it. I lost more than $100 in one day with one stock. Trust me go for longer term stock, especially if you are young.
Here’s the absolute truth about “penny stocks”;
Start trading penny stocks after you have 5-10 years of successful trading experiance in Large, Mid & Small cap stocks.
The key to successful penny stock trading is great money management skills. Since you didn’t address that as a question…. you certainly aren’t ready to trade penny stocks.
Many amatuers look at Penny Stocks as a place to start investing/trading. It’s actually the hardest areana to invest or trade in.
there realy risky and dangerous…do not put more than 10% of your stock portfolio in them…penny stocks can break you, and make you…so be careful