Post by
Gilly123 on Jan 14, 2019 5:19pm
So i figured id trade penny stocks today
The game was rigged. I couldn't buy or sell in multiples of anything less than half a cent.
I couldn't fill my sell orders even though the volume was crazy high and my brokerage account was showing the price I wanted to sell at. This went on 3 times for 30mins at a time where im looking at a gain and cant sell
Then when I saw the massive disadvantage, I tried to sell everything at even. Although my display showed the price was even (actually a little above) it still didnt take the order for 30min and dropped to .025.
Why would anyone want to trade these stocks given the disadvantage? Is this typical? I figured with volume liquidity wouldnt be too much of an issue. Any not being able to trade less than half a cent on a penny stock is bonkers.
Contructive advice anyone?
Comment by
Sleddawg63 on Jan 14, 2019 5:41pm
Are you subscribed to anything where you can see the Level 2 action? You need to be able to see everyones orders to make sense of what did and didn't trade.
Comment by
SureIsFunHere on Jan 14, 2019 6:15pm
Tried to warn you people! It was a very obvious PandD. The gig was up when CLY made the announcement that they didnt know.it shot up. That was end of story right there. All the losers need to hang on to their hairy bags until next year!
Comment by
SureIsFunHere on Jan 14, 2019 6:16pm
*correction "didn't know why.it shot up."
Comment by
phantom666 on Jan 14, 2019 6:42pm
deniability for sure is far fetched when Fri it jumped to .035. They would be watching it like a hawk..