Scottrade WTF???

I'm not sure why, but I'll say that you should just use a broker like Zecco that has no restrictions.

'Cuz Obama runs 'em.

the names been changed to obamatrade

they are protecting you....

most of them you have to call in..

Whats really messed up, i own one already and they listed it.. so i want to avg down since i already own it.. well they wont let me .... but i own it!! why not give me more!

Get you please site 4-5 specific examples? Thanks!

Change brokers. I've heard nothing good about Scottrade, unless you play big boards exclusively then they're cool. But if you want to trade pennies then you'll have to go with Zecco, TD Ameritrade, or E*Trade. Zecco is cheapest at $4.50 per trade, TDA is $9.99 a trade and E*Trade is a rip off at a whopping $12.99 a trade.

Hahahahaha ..........

I use Schwab and never had any problems.They charge Me $8.95/trade

Well, those three specific examples fall under the category of "PINK".

NYSE
NASDAQ
AMEX
OTC
PINK <=== unlike the others, stocks in the "PINK" category are not required to file any sort of financial statements with the SEC. Maybe there's a theme here.....

+1, also I have friends in Schwab, they hooked me up with a guy who is a higher up in their software programming division, and I chewed him out really hard about how SS and SSPro's graphing sucks badly, prices don't display enough decimals, no VWAP, etc. etc. I let him have it so hopefully enough have done this to help get them to improve their charts. Everything else about Chuck is great except they label too many stocks HTB, the bastards.

I just got an account on sogotrade and it looks pretty good so far especially for their rates.

do you guys watch the stocks in real-time with any of these brokers or are you using a separate program for that?

I'm new, I've read books and studying business but have been watching most stocks on either finance.yahoo.com or finance.google.com, but most of it is delayed for 15 minute intervals. Any who, I've just saved 5000 so I'm going to open an account sometime soon but want to know how I can watch them in real time so i don't miss a beat.

and the overall consensus on a broker is zecco? Are they good for beginners? I was going to go with scottrade but if they're not listing most penny stocks then I'd definitely consider zecco.

Sign up with either TD Ameritrade or thinkorswim and use their tools.

I just switched to zecco from TD Ameritrade. Pricewise, they are the best for pennystocks, so if you're going to trade pennies zecco is the way to go (especially if you get your account up to $25k or make the 25 trades a month to qualify for 10 free trades/mo.).

Zecco's big problem is that they want you to pay for real-time streaming quotes which cuts into the savings you're getting with trades. The tools that thinkorswim, TD Ameritrade, or even Scotttrade provide are good to excellent, but they each have a minimum to open an acct (tos $3500, TD Ameritrade $2000, Scottrade $500). Not sure if they require you to maintain this balance for a period of time to use their research tools, but with your limited funds you may not want have this much money tied up in an account you really don't want to use for trading. This is why I chose Firstrade as a source - been around a long time, provides real-time quotes and no account minimums or inactivity fees. GLTY

I have Scottrade and have no problems.

thank youseeMiYah for that, I'm going to follow your advice.

thank you guys! May it be repaid back to you all in blessed capital appreciation!

That goes to some OTC OB stocks as well.
Believe it or not, most of the NOOBs out there do not know this.
All these stocks (PINK) can be manipulated, diluted, R/S anytime they want to.
Shareholders do not mean squad to the company.

Back to the topic, I suggest TDAmeritrade. They're little high (9.99) but they're the best. I have them for many many years and have no problem what so ever ...