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Re: learning as I go post# 11895

Friday, 06/18/2010 9:23:59 AM

Friday, June 18, 2010 9:23:59 AM

Post# of 64445
You are right. I believe the limit is if the pps is below $5.00. This is from their FAQ section. It is related to what we are talking about.

Can I enter trailing stop orders?
Yes, you can enter a "virtual trailing stop order" (VTSO) with Zecco Trading.

A VTSO is a stop order that adjusts as the price of a security moves. It is important to note that this is not a valid order at any stock exchange. Rather, it is a "virtual" stop order since a computer program monitors the stock's price and sends a market buy/sell order to the exchange when it is triggered.
Zecco Trading cannot take responsibility for trades executed based on an erroneous stock price "print" that triggers a VTSO order. Additionally, please note the following:

* VTSO orders are not available for "odd" lots (fewer than 100 shares)
* VTSO orders are not available for stocks trading at prices less than $5.00 per share
* VTSO orders can only be entered during regular business hours (9:30 am - 4:00 pm (ET) on trading days).

Emo-trader: Someone who trades on emotion. Buys on pumped information with no DD. Sales out of fear and causes other share holders money and/or grief.

No respect for ANY emo-trader. (origin of word: from ME!)