Penny stock stop loss

jas1n · 02-07-2008, 02:55 PM

I have scottstrade but they do not allow a stop loss on penny stocks. Is there a law that states there cannot be a stop loss on a penny stock or is this just a scottstrade thing.

MaryKay1965 · 02-07-2008, 03:02 PM

Quote:

Originally Posted by jas1n

I have scottstrade but they do not allow a stop loss on penny stocks. Is there a law that states there cannot be a stop loss on a penny stock or is this just a scottstrade thing.

Not sure about a "law." I have a Zecco account and they allow stop prices as well as stop limit prices (on penny stocks.) They even have informative "webinars" teaching you how to use these two and what the difference is between them.

02-07-2008, 02:55 PM	#1
jas1n valued contributor Join Date: Feb 2008 Posts: 100	Penny stock stop loss I have scottstrade but they do not allow a stop loss on penny stocks. Is there a law that states there cannot be a stop loss on a penny stock or is this just a scottstrade thing.

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