I like to trade penny stocks and always get information on stocks that the price of buying and selling (as all the brokers I know buy/sell in 5000 shares blocks max before again adding another brokerage fee. Doesn't his limit most stocks under 50 cents (due to the brokeage fees) that could be day traded.
2006-07-25 19:21:49 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
You might want to check-out the on-line discount brokerages. Scottrade has quite a record. I'm not sure what they charge for penny stocks, but my trades on major exchanges are just $7.
2006-07-26 09:37:32 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 00:08:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋