Hello Profitly,
So I only get time to trade in the morning and have been trying to find the balance between my current job responsibilities and trading. This past month I have been experimenting with "trailing stop loss", for obvious reasons this type of market order gives me the ability to leave a position open if I have to leave for work and help capture more gains or cut loses.
So my questions....
Sometimes E-trade and Fidelity allow Trailing stop loss orders and other time they don't. Usually an error message appears saying "this type of order is not authorized for pink slips", or something to that extent. Anyway, is there a way to know what stocks qualify and don't qualify for certain market orders before you begin to trade them? It would be good information for me to know as I find this balance between trading and working and what flexibility I have in between. Thank you all.
Happy Trading
Sounds to me that by pink slips they mean OTC Pink sheets. They probably dont allow them on OTCs. NASDAQs im sure there's no problem
Think I read somewhere that this is not possible for pink sheets at other brokers. Not quite sure though.
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