How do you place limit orders on penny stocks?
Eric asked:
Recently I have become interested in trading penny stocks. A few days ago, I tried to place a limit order on my etrade account to buy a stock that was selling at $.0006 per share. All day it had been shifting from $.0006 to $.0005, so I placed the limit order for 800,000 shares at $.0005. However, when the stock dropped down to $.0005 again the order never went through. It even stayed there for a good half an hour. Why did the order not go through? Is it because the stock is so cheep? I know that the stock is traded on Pink Sheets. Can you buy Pink Sheet stocks on etrade?
Recently I have become interested in trading penny stocks. A few days ago, I tried to place a limit order on my etrade account to buy a stock that was selling at $.0006 per share. All day it had been shifting from $.0006 to $.0005, so I placed the limit order for 800,000 shares at $.0005. However, when the stock dropped down to $.0005 again the order never went through. It even stayed there for a good half an hour. Why did the order not go through? Is it because the stock is so cheep? I know that the stock is traded on Pink Sheets. Can you buy Pink Sheet stocks on etrade?
When you place a limit order to buy a penny stock?
CJ asked:
and even when the price goes down to your limit yet it doesn’t buy, why is that?
and even when the price goes down to your limit yet it doesn’t buy, why is that?
