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Re: Starnes post# 848

Saturday, 06/03/2006 10:53:23 AM

Saturday, June 03, 2006 10:53:23 AM

Post# of 76867
My manager at Scottrade finally broke down and told me why often Scottrade won't let you buy a super cheap microcap, this was however after I got a call from him telling me that CSJJ was no longer available through them. I freaked out and quickly sold my CSJJ at what I bought it for, only to watch it easily double a couple of weeks later.

Because of the low trading commission that Scottrade charges, he said that it's too much trouble to work with these supercheap microcaps.

It you like to trade .0001 - .0005s or maybe even a bit higher, don't leave too much money in your Scottrade account; it's a lesson I had to learn the hard way and it's already cost me hundreds.

All my posts are my personal opinions only. Please do your own DD before making trading decisions.