or Connect
HotStockMarket › Forums › Stock Market How To › Online Brokers › Trying to buy PINK and OTC Stock in eTrade
New Posts  All Forums:Forum Nav:

Trying to buy PINK and OTC Stock in eTrade

post #1 of 9
Thread Starter 
Hi there,

I'm new here in this forum and thanks for everyone here, you guys are awesome!

I'm new to stock and is using etrade for online trading. Whenever I try to buy PINk or OTC stock in etrade, it keep prompting me this message:

Quote:
Non-equity, bulletin board, OTC, pink sheet and other specific securities are not eligible for the price type you have specified.
can anyone advise me how do I buy PINK and OTC here? I try to put "market", "stop limit", etc on price type option but none of it get any luck.

Would appreciate if anyone here can give me your valuable advice, thanks!
post #2 of 9
Try a limit order. Sometimes you are able to get it at the bid price. You will definantly be able to get it at the ask price as someone is trying to sell it at that price.
post #3 of 9
Thread Starter 
This is great Ubidee! I'm able to buy now, thanks a million!

by the way, i would like to put a stop loss for it, but whenever i select stop limit, it gave me that message again, does it mean i can't put stop loss for this, but only limit?

That's very dangerous for me, any idea how can i do so?
post #4 of 9
i'm having the same problem here....but now its asking me limit price and stop price.........what do i put?
post #5 of 9
Quote:
Originally Posted by themav37 View Post
i'm having the same problem here....but now its asking me limit price and stop price.........what do i put?
when you go to buy there are a few options on the drop down menu, it sounds like you chose a "stop limit" order, just choose "limit" order and pick the price that you'd like to buy the stock at.
post #6 of 9
Quote:
Originally Posted by themav37 View Post
i'm having the same problem here....but now its asking me limit price and stop price.........what do i put?
Hey buddy,

A sell stop limit order combines elements of both the stop order and the limit order in order to sell a stock.

the STOP price: the price at which the order turns into a limit sell order.
the LIMIT price: the lowest price that you are comfortable selling at.

Ex. Company ABC is trading at $50. You want to set a sell stop limit order, with a STOP at $45 and a LIMIT at $44. Once the price reaches $45 or below, your order becomes a limit order to sell. As long as the price remains between $44 and $45, you're limit order can be executed. If the stock gaps below $44, your order will NOT be executed.

You might be wondering why you can't place a trailing stop loss for penny stocks, but that is simply because some brokers do not allow that. Lemme know if you have other questions!
post #7 of 9

Hi guys,

 

I am looking for platform that can buy OTC stock. Any suggestion on that? TQSM..

post #8 of 9

Almost every platform out there lets you buy OTC stocks.

 

If you are international, try interactivebrokers.com.

post #9 of 9

Is there some specific reasons, why pk/otc-orders may not always get filled even i put limit price same as ask price?

 

And no, im not using all or none option. 

 

Thank you guys!  

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Online Brokers
HotStockMarket › Forums › Stock Market How To › Online Brokers › Trying to buy PINK and OTC Stock in eTrade