Apparently…Edward Jones does not trade in penny stocks so I need to find a company that does online. Which of the following would you recommend:
Scottrade
E*Trade
Ameritrade
Fidelity
***Thanks!
Hey everyone, Gary here. Just a little run down about me. Stock trading was never my forte'. In fact, I lost tens of thousands of dollars listening to stupid advice and letting other people trade for me. Bad mistake. I traded futures, options, e-mini futures contracts, etc. It was okay and I barely broke even.
Then I discovered penny stocks. Not the penny stocks that are sold from boil rooms in some sweat shop in New York. I am talking about real companies listed on major stocks exchanges that were beat down and sold for $5 or less a share. Most of the good stocks this year sold for under $5. I got wind of a few good online penny stock newsletters that let me make my own decisions. The rest is history. I make a comfortable living because I invest in companies that have value.
3 Comments
July 28th, 2010 at 6:05 am
I would use scottrade, you need to make sure of the parameters for trading penny stocks with each firm, many don’t want this business because of the high risks associated with trading penny stocks, in addition no margin is given so you need to have the cash in the account.
July 28th, 2010 at 6:05 am
for me its E*Trade
July 28th, 2010 at 6:05 am
I would suggest Scott Trade that’s what I use and so far have have been happy with them I have tried the others but this has worked the best for me. I do only penny stocks for my investments as well, hope this helps out, take care.