Trailing Stops on Pennys?

zrag · 04-03-2006, 06:24 PM

Is it a Scottrade rule, or an overall rule that I cant put a trailing stop on penny or otc stocks?

roy · 04-03-2006, 06:27 PM

Ameritrade doesn't let you do it either for BB and PS stocks.

aiki14 · 04-03-2006, 07:41 PM

E*trade makes you set the stops .05 below price, sorta rules out penny stocks. Gotta babysit the small fry.

04-03-2006, 06:24 PM	#1
zrag valued contributor Join Date: Mar 2006 Posts: 24	Trailing Stops on Pennys? Is it a Scottrade rule, or an overall rule that I cant put a trailing stop on penny or otc stocks?

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04-03-2006, 06:27 PM	#2
roy valued contributor Join Date: Jan 2006 Location: Stamford, CT Posts: 222	Ameritrade doesn't let you do it either for BB and PS stocks.

04-03-2006, 07:41 PM	#3
aiki14 forum leader weekly challenge winner 13x mar/07 simulation winner feb/07 simulation winner jan/07 simulation winner nov/06 simulation winner june/06 challenge winner april/06 challenge winner Join Date: Feb 2006 Posts: 5,328	E*trade makes you set the stops .05 below price, sorta rules out penny stocks. Gotta babysit the small fry.