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Re: JohnCM post# 253

Friday, 10/26/2018 4:37:21 PM

Friday, October 26, 2018 4:37:21 PM

Post# of 1951
I meant to tell you, some brokers (like Schwab, for example) most certainly do allow you to place stop losses and limit orders even on OTC stocks to restrict losses and/or protect gains. So if your current broker does not and you're interested in swing trading some day you might wanna shop around for one that does and set up a swing account with them.

As you know, OTC stocks tend to already be more volatile than the average stock due to the lower trading volume. And pot stocks are already plenty volatile in their own right. But that's usually what you want if you're looking for price swings, right? The downside is that you may find you'll have to set your stop losses quite a bit lower than you might otherwise prefer just to avoid getting kicked out of too many potentially good trades due to normal price fluctuations.

Like this for example...

https://www.marketwatch.com/investing/stock/ORHOF

What the hell causes price action like that??? Shorts scrambling to cover and bank good profits before the weekend?

That's some crazy stuff right there, boy. A daytrader's dream but way too fast for me!
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