GoFuckYourself.com - Adult Webmaster Forum - View Single Post - So, I have been playing around with penny stock trades

MrMaxwell · 02-05-2013, 12:40 AM

http://www.damngoodpennypicks.com/pe...ade-or-etrade/
"ETrade will often trade against their own clients, which has made more than a few people we know angry and move on to a new broker.
What do we mean? Let’s say a penny stock is trading $0.04 by $0.06 and you put an order to sell at $0.05 as an example. In Scottrade, such an order will almost immediately be represented by a market maker"

There's a-lot of conflicting information out there. It's frustrating.

Does IB really limit you to three decimal places?
http://www.damngoodpennypicks.com/pe...lace-thats-it/

02-05-2013, 12:40 AM
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	http://www.damngoodpennypicks.com/pe...ade-or-etrade/ "ETrade will often trade against their own clients, which has made more than a few people we know angry and move on to a new broker. What do we mean? Let’s say a penny stock is trading $0.04 by $0.06 and you put an order to sell at $0.05 as an example. In Scottrade, such an order will almost immediately be represented by a market maker" There's a-lot of conflicting information out there. It's frustrating. Does IB really limit you to three decimal places? http://www.damngoodpennypicks.com/pe...lace-thats-it/