Buying OTC market
First, you must use a limit order. Set limit for whatever price you want to get in at, and let it do its thing. Second, most brokerages charge a fee of between five and $10 per transaction. Scaling in is not a good option because it costs you money every time you scale. There are a few brokerages out there where you can trade OTC for free. Brokerages like shitty, Robin Hood, and moomoo Will not let you trade OTC market. You can sell if the stock is delisted and moved down to the OTC like we saw with FRC. OTC tends to be the wild wild West. There is a lot of money to be made, on OTC Market, but the regulatory aspect is almost nonexistent.
Also, remember that OTC does not trade premarket or after hours. It Only trades when the market is open from 9:30 to 4 PM.
Some brokerages that allow OTC trading during normal market hours are E*TRADE, TD Ameritrade, thinkorswim, Morgan Stanley, etc.
One of the best OTC runs I was ever part of, was Ozsc. I bought $1800 worth of shares at .008. It went up to $.41. Because of my inexperience and greed, I did not get out until it dropped back down to the mid 20s. Basically was an $1800 run to 90k.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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BAG-HOLDER : I thought moomoo let's you trade OTC?
disassembly line : tbh, intentionally spending and losing $100 in order for someone else to lose billions is the actual definition of greed: it surpasses greed itself. several billion people can play several different games at the same time is the fastest way to say it
disassembly line : tl;dr: greed only recognizes itself. "along came a spider..."