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PennyTradingRules

09/01/10 11:39 AM

#70945 RE: jibaro #70932

Yeah. My suggestion is for all savvy investors to leave Scottrade
and open an Etrade account. Most of my friends who trade penny
stocks have made the switch and they do not have these problems,
especially the collusion problems with the fact that Scottrade's
CEO is on Knight Capital's (NITE) board of directors. Talk about
a conflict of interest! WOW!
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gettingrich

09/01/10 11:40 AM

#70946 RE: jibaro #70932

scott trade won't allow it for any stock under $1.00. it was in the contract info if you read it. However don't worry if you were able to put a stop lost trail on it you would loose a lot of money long run because this will fly soon after it hits lowest level. you can put a sell limit order for a price about double the current value. your shares won't sell until it hits that price.

If you want to make money, plan to hold for at least the next 2 financials.