This post is going to trouble most readers.
Wondering if the boards newbies understand the market they are involved with?
For instance; do they realize once they buy .0001, it's not a sure thing they will be able to sell them at .0002 for a 100% gain that easily/quickly.
Every day the market opens with a new first in, first out, order execution line. Plus every day your broker (If a market maker for your security) can close it, or move it to the OTC ECN line somewhere way down in that line. If (not a market maker) they can shift it to another branch of their firm for execution, which has relationships with the securities market maker of choice, for handling the order.
With the OTC 2 tier system orders become complicated.
In triple zero stocks, with hundreds of millions of shares available. The best they can expect is getting inline by using a GTC order @ their brokerage firm. And hope their broker is a market maker which maintain GTC personal execution line. Which activates that order into the OTC ECN once price is reached.
Also note: Several exchanges, including the NYSE and NASDAQ no longer accept GTC orders. That said, most brokerage firms still offer GTC among their services, but they execute them internally.
Basically just because you place a sell order on the OTC, it doesn't mean that order will ever get closed. Whether entered newly each day or loaded into their brokerage's GTC line. Especially if the ask build orders are in the hundreds of millions of share for sale.
Also keep in mind each day that execution line is first entered by the M&Ms inventory before the first retail order.
Not saying it's impossible to sell, just it's WAY harder then expected. More like LUCK then SURE. Odds increase with the correct brokerage firm and the smaller ask build amount.
For years I taught trading micro zero OTC stocks is like playing musical chairs with 2 chairs and hundreds of other players.
