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How many do they allow? or do you trade with them?
Any new info on this?
Sadly no.
You should get someone who lives in Canada to make a post here and talk about it.
"Suffered Investment Losses? Sue Your Stockbroker for their Fraud, Misconduct, or Negligence!"
That is a better point for a broker not to.
The protecting us from ourselves argument or brokers trying to have higher standards nonsense both are silly compared to a legit threat of them being sued if it is legit.
Hi Creede,
"We have been buying and selling Grey Sheet stocks for over 100 years. All of a sudden they are too dangerous?
Pleeeeeease."
I agree with you fully and as I said in my other point the fully regulated stocks can be just as dangerous and are. There was a story about a guy who bet his life savings on blockbuster stock. No broker saved him.
"Thats the same reason China is using to lock down about 40 million people to protect them from a strain of COVID as dangerous as the common cold."
Comparing covid to the common cold is a little extreme as some compare getting the shot/shots to some minor inconvenience that is not a big deal either for our health.
I am not qualified to say but if a government had no idea how serious a virus was if it was really serious it obviously would be horrible to not take it seriously. Covid obviously was never that serious where 20% or more of humans died from it or would but if it was and a government was super lax about it that would be worse for everyone.
"It's the same reason you give a child: "BECAUSE I TOLD YOU SO."
What they are doing should not sit well with anyone who does not like to be treated like a baby."
There is a valid point to what you are saying but I think you take it too far just like bar 1080 wants everyone to be more controlled/protected when they do not appear to bet/invest in those companies anyway and the regulated lottery has worse odds.
Where both of you draw the line and why is way past where I would obviously.
They do not do CE unless some massive change happened I am unaware of.
bar 1080 and creede you both make good points.
bar 1080,
When it comes to stocks I dont care about or want a broker or government to protect me from myself.
Enron and Blockbuster shareholders where was their protection?
Based on that logic there is tons of gamblers for the lottery,scratchers,sports betting that even if it is not equivalent to a scam company they still will lose that money and some of them would be grateful to be saved.
I do not want to be saved for any of those but yet brokers and/or the government want to save me/us from some stocks but not others?
They could just outlaw all stocks and go all the way with it if they really cared about that.
One compromise is someone who asked to be saved which in Canada I heard you can ask to be put on a list so the casinos will kick you out or not let you in.For the casinos it is great because they allegedly and legally do not have to pay you if you win if you put your own name on the list.I doubt this really helps though but I could be wrong.I have never been to Canada before.
I am American is there some list a gambling addict can be put on here from those things? If not where is their protection?
When it comes to garbage OTC stocks you can make money on them if you know what you are doing bar 1080 and they have much better odds than the regulated lottery.
creede,
When it comes to an extreme example on unlimited freedom I do not agree with that either.I am not saying your words are implying it but I will give my view on that.
It would take a very highly evolved human society for me to be cool with that which we so are not now.
One example someone used was if a restaurant was selling food that was making people sick and/or killing people that if there was no regulation eventually people would know by word of mouth or the news.
Routine health inspections can obviously prevent or stop these things from happening in theory.I would prefer we would not need them in human society but sadly it is obvious that we do.
They will shut a place down and fine the owner and without that some owners would never change it.
"taking away freedoms "for your own good" is the path to tyranny"
It can be the path to it but they can also stop at a certain point which they do on some things.
I am 40 years old and I remember a time when people would not think gay marriage or marijuana would ever be legal like now.It took my grandparents generation to die to make that happen.
There is some American gun nuts that act like the government is going to do all these bad things to them and some of their points there is not proof to support it.
In theory though any government could become like N Korea too at any time.
I also am curious
So Speed Trader is still good?
Sorry everyone I took a 1 year hiatus and went more into crypto which has been rough too.
I still will update this board for all of you.
Send me a message if there is a new broker that allows it.
I do not know of any brokers who allow it now but I will update when some of you verify one.
I wonder what they are threatening to do to brokers who let us buy CE stocks?
I will update it.
Ameritrade didnt rob me I am sorry to slander them like that.I need to verify if buying CE stocks is still allowed with them.
Sorry I was gone everyone for a few months and Ameritrade robbed me I feel so cheated by them.
If any of you think I need to update something let me know.
Get a Schwab account they are great for Caveat Emptor OTC stocks
I dont bet big when I do these and I expect even some of the picks like these that I am right to wait 7 years or more.
I have a very good pump and dump picking formula.
You call this stock useless and it was pumped so I fully disagree with you.I compare that to people telling me how garbage LTNC was in 2015 before the first pump.I bought into that at 0.0001 it pains me I sold so cheaply.
A garbage stock is still plenty useful if it is pumped.
Warrants are usually delayed and the stock price has to move up or down enough to move them.
It was pumped and dumped last month.
The reality is if you own nasdaq stocks and we going to reach 14,100 soon then holding is the best option.If nasdaq is going to fall bellow 12,609 then the safest move is to sell all your nasdaq stocks and go all cash.
Forget SHIP for the moment because that is what you are really betting on right now.
We are in a mini recession right now.
I did not expect the earnings to be good at all.
It is not fair to judge nasdaq stocks during a mini or long recession.They look worse than they actually are.
If nasdaq was at 14,500 and ship was still struggling than the fears/concern would be more justified.
This is one reason why most traders/investors should have most of their bankroll in OTC stocks because recessions are little to no factor on most of them in my eyes.
OTC is way more appealing than nasdaq right now.
If you or anyone doesnt like OTC your other option is to sell everything and go all cash and literally wait for nasdaq to reach 14,500 and buy back in.This alone makes everything much safer for you.
The other option is to wait for a 6 month upward nasdaq trend and buy in.This is what I do after long recessions where there is no chance it will reach the previous high soon.
People define what a pump is and means to them differently.Someone described one OTC stock being pumped and it had a massive price change but I did not personally agree with them and would not of defined it as a pump.
I would define WLSI as being pumped last month but it is cool if you dont.
I only need to be right 1 out of 3 for this strategy to be profitable.
I am mathematically favored to win.
That is one of the biggest downsides to my pump and dump formula is you can be 100% right and have to wait 7 years or more to finally profit.
Many stocks that are garbage get pumped and dumped over and over.
I was in LTNC in 2015 before the first pump and it was pumped 3 times.I wish I had never sold it obviously since I bought in at 0.0001.
I bring up that stock because tons of people were calling the leader a con man and saying the company was/is garbage and even under the assumption that is true it made no difference.
It was pumped and dumped last month.
Some stocks that are pump and dumps it happens a few times to them.It is really predictable but the biggest downside is it can take years for the next pump.
LTNC was pumped 3 times.I was actually in it before the first pump in 2015.
It became like common knowledge that the guy running it was like a con man.At the start of 2021 it got pumped again.I do not follow the company now since I do not own it but I look at price and it is crazy.I bought in at 0.0001 too I wish I never sold.
I remember even back in 2015 and on tons of people were saying it is a fraud company and garbage stock but that it got pumped 3 different times is why I love OTC.Even with it being a fraud and garbage stock that made no difference.
Thank You but I dont need luck.
When you buy a pump and dump while it is being pumped you need luck.You need luck it wont end and that you sell for a profit.Buying a stock while it is being pumped is russian roulette.You can do it if you are betting a really really small amount but many bet stupid when they dont need to.
When you buy a stock and you have no formula you need luck.
I dont need luck because one winner pays for multiple losers and my formula is designed to pick stocks I feel will be pumped eventually.
I only need 1 to win out of 3 to be profitable and there is nothing random about my picks.
You dont sound like you own this stock?
Its not I am in before the pump.
I have a pump and dump buying strategy/formula.
There is so many pump and dumps but only a smaller percent of them fit my strategy/formula.
In general I consider all OTC stocks to be a fraud.I know literally that is wrong but it is the safer mindset.
I think it is easier making money in OTC pump and dumps than if someone told me it is 100% certain amazon will double in a year.
I still would pick the otc stocks over amazon because the profit is so much more.
I have a non OTC strategy too but it only works in a bull market.It works really well but in mini recessions or long ones it sucks.I buy cheaper nasdaq stocks mostly.
The difference between me and other people is I bet a small amount in each of my otc picks.Some people they bet crazy and there is no need to do that.
I would still say there is at least a 60% chance I am going to make at least 200% return on WLSI.
The biggest problem with pump and dumps other than losing everything is the time it takes them.I have waited over 7 years to be right on a few.It was worth the wait.
I have a pump and dump buying strategy.
In general I consider all OTC stocks to be a fraud.I know literally that is wrong but it is the safer mindset.
There is plenty of OTC stocks where there is nothing there and they go up.
What do you mean why?
Hi I am new here.
I bought WLSI at $0.0002 and I see it getting to $0.0008
Hi I am new here.
I bought BKMP at 0.0002 I see it getting to 0.0008
I have good news I was able to buy a Caveat Emptor OTC stock on Schwab.
I can tell by the open orders which they allow and which they do not.Stocks they do not allow will self cancel in like 1 min from when you place the order.
Only one stock failed out of the 7 I tried so that is a great sign.
I can believe you that you dont care what anyone else thinks or does.
I fully disagree with you about "Following others is a losing game" since many people have a formula to success that can be copied in many contexts in life.
Following the wrong people is a losing game though and granted the majority in the stock market that is what they do.
I found my formula on my own.I did not copy anyone but it would obviously work for other people.
As confident as you sound about profits I feel the same way esp when it comes to OTC.
Enjoy your weekend too.
Why is posting sells considered rude to you?
If I dont post them some will assume I am trying to hide a loss.I show because I want to show I am transparent.
I do not plan on taking losses either but I still take them.All the stocks I pick are more risky in general but the return is way higher.
I assume you make a ton of money talking like that.You dont need to show me or prove it.I am just interested to learn more.
Even to see all the stocks you post on I do not know more of what it is you look for other than what you have told me.
It is great you have a formula too.
Wow well that is great.
You should pitch some stocks on your my stocks page.
If you put what price you pay for them and leave a public post of what you sold at I can learn a new formula from you maybe.
If you do not want to do that than I could ask you do you have average amount of profit you need to make per trade vs loss?
What I mean is like I would have to make at least 200% to consider selling on average.
Etrade would love those fees.
Well cool I hope it has been working out for you.
I have formulas for buying stocks.
For non OTC stocks it requires a bullish market though which sucks but I only long stocks.I really only buy stocks around $1 or less due to the formula.
I make 200% minimum when I am right.
As for OTC I target pump and dumps on purpose.I tell myself all OTC is a pump and dump even though I know that is a lie but it protects me having that mindset.
The biggest downside of OTC stocks other than losing 100% of what I put in is the waiting time.I have waited 7 years or more on a correct trade.
You make 500% return or more you cant really complain I guess.HAHA
How do you trade OTC?
I was able to buy my first caveat emptor OTC stock since ETRADE stopped doing them.
I want to thank all of you that recommended Ameritrade.
I am bought MGLG at $0.0002 on 3/19/21 I see it getting to at least $0.0006
I opened a Schwab account too and they have no fees so I hope they work too when my money clears.
I am very happy about this it would cost me so much money if I was unable to buy my caveat emptor OTC stocks.
Anyways lets go SHIP.
Hi I am new here.
I am pitching MGLG at $0.0002 on 3/19/21 I see it getting to at least $0.0006 Just sell at that price if you want to lock in profit. I bought using Ameritrade today.
I was able to buy my first Caveat Emptor OTC stocks today.
MGLG @ 0.0002
I used Ameritrade.I also went on ETRADE just now and tried to buy it but they "surprise" do not allow Caveat Emptor OTC stocks.
I make money off OTC pump and dumps I hope they never leave.