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Re: pennystockbrad post# 114024

Tuesday, 02/26/2019 12:06:06 PM

Tuesday, February 26, 2019 12:06:06 PM

Post# of 162812
IMO- always important to know what one owns on cash basis vs credit basis. i can assure you etrade is not allowing purchase of OTC's on loaned margin money.

if you paying interest on stocks u own then its paid for on margin. margin is not free money. if you not paying interest on stocks u own then it is paid for in cash.

decent read on the topic. I never use margin myself. never have. that line of credit just sits in my account untouched. https://www.fool.com/investing/general/2013/07/31/1-big-problem-with-margin-trading.aspx

Trading OTC stocks is like licking honey off a thorn

My opinions are my own and are not a suggestion to buy or sell stocks. Always do your own homework.