InvestorsHub Logo
Followers 364
Posts 113874
Boards Moderated 5
Alias Born 12/28/2000

Re: ottoman post# 6155

Monday, 12/04/2023 11:58:25 AM

Monday, December 04, 2023 11:58:25 AM

Post# of 6266
Just tried to remove two "worthless securities" from my account so I can get some losses to offset my gains. Both of these securities have no bid or ask. But there has been some activity - not much but I can see volume on some days. Tried to put in a sell at .0001 (lowest etrade allows you to enter) and nothing filled. So I spoke with a broker and they said they can not remove these securities as "worthless" unless the stock had gone 30 days without activity. This I never knew. So if you are looking to get rid of something like that keep an eye on the volume during the month and if you see 30 consecutive days of no volume they can write them off for you.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.