Stop order??

Discussion in 'Order Execution' started by IIAce, Jun 5, 2006.

  1. IIAce


    I'm with scottrade and I bought this penny stock thinking that I'll be able to place a trailing stop and everything will be cool.

    After I bought the stock, it turns out that I can't place these kind of stops on penny stocks: trailing stop, stop, or limit stop. Is there any way to make some kind of stop loss orders using just limit orders? Limit orders are the only thing I'm allowed to do with penny stocks.