(Total Views: 138)
Posted On: 01/08/2021 10:25:13 PM
Post# of 9159
Re: Steel Reserve #358
Still trying to figure out the pros and cons of this $0 commission unlimited OTC Market stock trade situation
It's like you have an advantage over others.
You can place dozens of buy orders for 100,000 shares of a security and they will execute first sometimes rather than the individual who placed one order for GTC 2,000,000 shares of the same security -- paying commission.
Sometimes you will get a buy execution of like 2 shares when you are asking for 5,000,000 but your order stays if it is GTC and zero commission -- crazy.
Only con is tracking orders -- way too many. Website limits to 50 per page so you just can't just search them all at once. Need to flip through page and page. Looking into that more.
Buys are free no matter how much or how little. Sells are free no matter how much or how little. Only thing is the FINRA fee which is about 5-6 bucks for every $500 profit and only on profit.
Others have been asking me about this across the pond. I don't do much over there. I-Hang is my place.
It's like you have an advantage over others.
You can place dozens of buy orders for 100,000 shares of a security and they will execute first sometimes rather than the individual who placed one order for GTC 2,000,000 shares of the same security -- paying commission.
Sometimes you will get a buy execution of like 2 shares when you are asking for 5,000,000 but your order stays if it is GTC and zero commission -- crazy.
Only con is tracking orders -- way too many. Website limits to 50 per page so you just can't just search them all at once. Need to flip through page and page. Looking into that more.
Buys are free no matter how much or how little. Sells are free no matter how much or how little. Only thing is the FINRA fee which is about 5-6 bucks for every $500 profit and only on profit.
Others have been asking me about this across the pond. I don't do much over there. I-Hang is my place.
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