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Not sure where you are getting that from, but most brokers will ask you if you are a processional or not. In other words, they want to know if you are trading for non-business use but for personal use.
What is nonprofessional subscriber? I was trying to get level 2 for otcbb and pink. I work at non profit org. Am I nonprofessional or not. Any suggestion will be appreciate. Thanks
lol because when online trading began, no one was trading the volume that we do today. It was so new that there were few people out there doing it. There was no one flipping stocks all day the way there is now. I started out as an investor and would buy a few shares of this and a few shares of that and sit on it. Probably only made about three or four transactions a week.
How could anyone afford those prices!!!!
When I started with them 16 years ago it was 19.95 a trade. lol
I guess that make sense. Thanks for the info
It goes by the amount of trades you make per quarter. 0-149 trades per quarter are 9.99. 150+ are 7.99.
I pay 9.99 with etrade. What up with the price difference?
Well I will keep tring
Thanks
I don't have my level II open but was the bid at .0002 when you put your order in? If you were trying to sell it at the ask you are not always guaranteed that it will sell even if you see orders going through at that price. I am guessing that it was at the ask price and that is why it didn't fill. If it was at the the bid price and you didn't get a fill it could be that you were using an aon.
I have a sell order for GTLL 300000 for .0002 today and how come my order did not get filled?
It went .0002 today does it take a while to sell?
I am pretty sure people were buying at .0002.
If you can help please do.
Thanks Newbie
Thanks for the thourough and well written response.
Eg. I send in an order with a limit price of .65 and, subsequently, before they can process my order, the price per share climbs above that to .80. Do I get the sell at the market price?
You should get the fill at the current price of .80 providing they have enough shares to sell and it doesn't drop back down before they get to your order. But I have seen cases where even though the current price was at .80 and your sell order was at .65 they fill it below the current price at what you put your order in. They are really not supposed to do that but it does happen sometimes. Most of the time in a general sense, your order of .65 should fill at the current bid price of .80.
Furthermore, what if my order is to sell a million shares and they have available 700,000 shares at my limit price, will they complete the sell order for the 700,000 shares, leaving me with 300,000 unsold shares?
That depends. First off, if you use an AON(all or none) they will not fill it unless they can sell all 1M shares. If you don't use an AON and just a regular limit they may fill a bit at a time. If you use a Day order, by the end of the day, if the rest of your order doesn't fill, it gets canceled and you will now still own the 300k shares that didn't sell. If you use a GTC (good till canceled), the order will stay there until you cancel it. You will not have to resubmit your order. You should still be in line as you originally were. If it goes into a different day, most brokerages will charge you a new commission for the new day even though it was an original order that didn't get fully filled.
Question on a pinkie SELL order.
I am required to place the order with a limit amount.
I place the limit amount and send the order.
Will the stock be sold at the limit amount even if the price per share is higher than the limit amount at the time the order is processed? Or will they give me the market price at the time they receive the transaction?
Eg. I send in an order with a limit price of .65 and, subsequently, before they can process my order, the price per share climbs above that to .80. Do I get the sell at the market price?
Furthermore, what if my order is to sell a million shares and they have available 700,000 shares at my limit price, will they complete the sell order for the 700,000 shares, leaving me with 300,000 unsold shares?
If that is the case, that I am left with 300,000 shares, is there a way to immediately process those remaining shares into a sell without having to resubmit another sell order?
I assume that I am in competition with other investors' orders which will affect the timing of the processing of my order, correct? I mean, I am, in effect, "waiting in line" behind others who have placed orders ahead of me.
So is there a way to circumvent the MM's ordering process and keep my "place in line" so that I can sell the remaining balance (the 300,000 as an example above), thus enabling me to get a preferred price?
For example, the price goes to .80 and they sell 700,000 of my shares, leaving a balance of 300,000 shares not sold because price fell to .62, which is below my limit order. But what if I wanted to sell the 300,000 at the current market, ie now the .62? Can I have that order immediatley placed, without having to wait behind other orders ahead of me? If so, how is that done?
I pay 7.99 from Etrade and I pay 5.00 a trade at choicetrade.
Bollinger bands:
If you are looking at a chart and the candlesticks are starting to rise up above the top band. Is that an indicator that the PPS is about to head south?
You're welcome.
I failed to mention there's a board here with a helpful grid of several brokerage firms with fees and other information:
http://investorshub.advfn.com/boards/board.aspx?board_id=9660
Take care and nice to meet you Andy.
Thank you very much for taking the time to help me out. Very good information. The first thing I'm going to do is try to negotiate with etrade. I foresee myself trading more over the years to come so I might look at having a second brokerage.
My new investment philosophy is "Think long, think wrong"so I do plan on trading and making faster turn arounds. I'll look into Ameritrade too. Thanks, Andy
Hi,
How much do you trade? If you make several trades a month, you probably can negotiate lower fees just about anywhere.
E-trade usually will charge a lower fee if you make a certain # of trades each month.
I just recently went back to Ameritrade because I like their new platform called the Architect. I also negotiated a much lower fee than what they advertise (just call up their 800# and ask for a local branch office).
Here's their new platform:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63051709
If you're just investing long term and not really trading, maybe TradeKing as they only charge $4.95 per trade and their service was pretty good but they're not good with short trades. I once complained on twitter about something and within an hour, I received an email offering free trades and an apology.
If you an active trader but have less than the daytrader's rule (25k) requirement, you might be interested in a prop account in which the rule is bypassed (read more here):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63475590
Good Luck!
Hello, Im currently investing through E-trade and paying commissions of $9.99 per trade . I would like to find a brokerage that has cheaper commissions but still has decent service. Any ideas?? Thanks
To all: any questions that directly involve Ihub or the operations of this site should be posted here:
http://investorshub.advfn.com/boards/board.aspx?board_id=504
How do you respectfully request that a moderator be excused for obvious bias against the stock they are moderating
A board mark is just like a "bookmark" on your browser. If you like a particular board you hit "follow board" and you will now have the board marked so you can access it quickly. Works the same with people marks - if you want to follow a particular person you hit "follow this member" and you will have them people marked.
OTCQB – The U.S. Reporting Company Marketplace
OTCQB is the middle tier of the OTC market. OTCQB companies are reporting with the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier.
http://www.otcmarkets.com/otcqb/learn/otc-market-tiers
What does QB mean when posted to a stock?
It is the information box the explains what each board is about. If you have it hidden you will see on the right "Show Intro Message" - just click on it to open it up. If it is already open and you don't want all that on your screen click on "Hide Intro Message" and it will collapse it so all you will see is the title and the mods names.
That was added because of the huge volume spike on the 16th: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63237803
Happens all the time.
Thank you Cintrix!
http://www.otcmarkets.com/stock/DMWK/quote
caveat emptor (buyer beware)
Hello, what does the "CE" mean on iHub with this stock? Thank you.
Diversified Mortgage Workout Corporation (PN CE) (DMWK)
PN = Pink No Information If u go here u will see the red warning:
http://www.otcmarkets.com/stock/RMTD/quote
Hello, what does the "PN" mean on iHub with this stock? Thank you.
Remote Dynamics (PN) (RMTD)
Check this site out, should answer your questions about bollinger bands and how they relate to candlesticks, there is a video on the front page.
http://bollingerbands-tt.com/
since I am not a TA person I will leave that question to someone else
what does it mean if the candlesticks are above or outside the BB's?
Certain stocks trade in premarket and after hours. I can only trade the ones from nasdaq and nyse. If you trade during these hours your broker will charge you a larger commission fee than they do during regular hours. If you chose to buy or sell during these hours you need to indicate that when you place your order. There is usually an option - instead of Good For the Day or GTC you would choose Extended Hours (or however your broker words it).
What are pre-market trades and how does one trade pre-market?
good luck with it
Thank you cintrix. I decided to see what opening price is and wait for a dip. If it looks good. Thank you again
That's a loaded question and, imo, it all depends on circumstances (what the actual news is, share structure, was it prom'd, etc). Sometimes a stock sells on news. But if you are absolutely sure that it is going to go big and you don't think you will have a chance to get it at the opening ask, why not set the price at a fraction above the price, say at .021 or at .025, instead of an entire penny above it as in your example? I am not familiar with sharebuilder so I have no idea how quick or slow they are with their executions. I think the answer to your question is basically two questions: How sure are you that the news will move it hugely, and how much do you really want it?
Hello all,
If you all are about to enter a stock that has alot of buzz going on and the pr was released on Fri and National TV rcognition. How would you all set your buy limit. Lets say the stock is currently at .02 would you all then set it for .03/more/less? I use sharebuilder and I'm not sure how quick they exucute the orders. TIA
Approved? If you are looking for newly listed on the otc you go here each day - do it in the afternoon - and click on "view" to see any new listings:
http://www.otcbb.com/AllDailyList/
or u can try here:
http://www.otcmarkets.com/marketActivity/venue-changes
Where can you find a list of newly approved companies listed on the OTC index? In other words, can you find them before they start trading or right as they have been approved? TIA
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