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OTCs typically come in and out of season. But since summer of 2020, they’ve been hot. No matter what happens next, get to know these stocks. OTCs can be great for small-account traders — they’re low priced but make wild volatile moves. Tune in as Bohen offers his top tips on how to choose a broker for trading these stocks.
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👉Share this video with a fellow Trader: https://youtu.be/FmPedRF3kDc
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🔴Traders Blueprint Free Guide: https://stockstotrade.info/3sqbEGk
✅ Recommended video: https://youtu.be/rFgtWnZlWLI
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
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What most traders don’t realize is that they still have to pay commissions with OTCs … Yep, even with those ‘commission-free’ brokers.
Some brokers don’t have access for trading them at all, such as Robinhood.
Tune in for a chart example on Masterbeat Corp. (OTCPK: MSTO). On the day of recording, it had a 300% run. But if you don’t have the right broker, you can’t even catch the opportunity.
If you’re looking for a broker that does allow trading OTCs, pay attention to their fees.
You can potentially capitalize on some great opportunities with OTCs ... And you might think you’re making great progress in growing your account ... But at the end of the month, be sure to check your statement. Those commissions can add up.
But don’t be afraid to open an account and trade these stocks. Just know you need to do thorough research and keep your eyes wide open.
Bust out a notepad or a spreadsheet to compare different broker’s OTC fees. Be diligent, do your research, review your records, and be thorough.
It’s important to be well prepared and have the right mindset when it comes to trading.
#StockMarket #OTCs #Broker
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Try StocksToTrade for $7: https://stockstotrade.info/39dVB7g
OTCs typically come in and out of season. But since summer of 2020, they’ve been hot. No matter what happens next, get to know these stocks. OTCs can be great for small-account traders — they’re low priced but make wild volatile moves. Tune in as Bohen offers his top tips on how to choose a broker for trading these stocks.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/FmPedRF3kDc
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/39dVB7g
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/3faAw1f
🔴Traders Blueprint Free Guide: https://stockstotrade.info/3sqbEGk
✅ Recommended video: https://youtu.be/rFgtWnZlWLI
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
What most traders don’t realize is that they still have to pay commissions with OTCs … Yep, even with those ‘commission-free’ brokers.
Some brokers don’t have access for trading them at all, such as Robinhood.
Tune in for a chart example on Masterbeat Corp. (OTCPK: MSTO). On the day of recording, it had a 300% run. But if you don’t have the right broker, you can’t even catch the opportunity.
If you’re looking for a broker that does allow trading OTCs, pay attention to their fees.
You can potentially capitalize on some great opportunities with OTCs ... And you might think you’re making great progress in growing your account ... But at the end of the month, be sure to check your statement. Those commissions can add up.
But don’t be afraid to open an account and trade these stocks. Just know you need to do thorough research and keep your eyes wide open.
Bust out a notepad or a spreadsheet to compare different broker’s OTC fees. Be diligent, do your research, review your records, and be thorough.
It’s important to be well prepared and have the right mindset when it comes to trading.
#StockMarket #OTCs #Broker
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
No help just talk
Nice video, Fidelity all day
Who is the right brokerage? And thank you for the post neighbor.
funny how Webull and robbing hood dont allow otc trading
Like the video helped me with what i was looking for and think i will be opening a fidelity account here soon.
Schwab, Vanguard & Fidelity with Fidelity being the best for OTCs with DTC.
Fidelity is free for otc
Watched this video 4/2/2021 – didn’t realize the fees until I traded my first OTC – then OUCH
winmx! was better..lol and was free back then.
tdameritrade can trade otc, but also with a fee. and i understand that and expect it. and fees are per buy and per sell only. so it is added per trade. so if you buy then sell a day later same fee. and it is a flat rate fee. so you get it twice once for buy and once for sell. so i always factor that into the cost both ways, as i have that set up in my spreadsheet already.
TradeStation Web Trading has no commissions for most OTC trading, but about 25% of the symbols are not tradable. They are still best I’ve found after trying 8 different brokers.
Firstrade has free OTC trading, but they allow trading only above $0.10 and only tickers that don't end with "F". Interactive Brokers are pretty expensive but they allow trading the majority (not all) of the hot plays. they also allow shorting of low price stocks (but with crazy margin requirement because of the unlimited risk). they allow premarket OTC trading which is big advantage, If you route your orders via OTCLNKECN (it's an alternative trading system, with usually fast fills)
I think the main problem with OTCs is TAF (Finra's trading activity fee) especially on very low priced stocks. a charge of 0.000119 per share sounds negligible, but it can cost you 1%-2% of your position, and on sub-penny stocks it can be a crazy 5% fee. that is in addition to the broker commission. TAF is capped to $5.95 so if you have a big account and you take big positions it is less of a burden. however if your order splits to many small fills you will be charged several time this $5.95
I was solely using fidelity and they did not charge a fee for otcs, but they are limited and will only allow you to trade pink current or better. I did open up td Ameritrade and its 6.95 per otc trade but you can trade em all. Schwab also allows all otcs
hey tim Fidelity has free commissions on OTC trading i use them
Schwab has free OTC commission with a limit of 999,999 shares
Charles Schwab free OTC Trades
Fidelity no commission
Schwab is Commission free and their SmartStreet Edge is decent to begin with, best if used on Windows.
Thanks Tim! I use Interactive Brokers; they seem to be the best for me and OCTs. I have not had to pay a fee yet. But Ive only bought popular OCTs. A lot of the tickers I want are not offered on IRB, either because they dont have those ones, or because I dont qualify to trade those tickers. IRB has a critera system which you have to meet in order to trade certain octs, foregin stocks, pinks, options, futures and so on. So I might not qualify for certain super high risk OCTs. But I was able to get without any fee TSNP ILUS SIRC ADOM ALYI DSTG OZAC (Im writing off memory here so these tickers might be a letter off) all the otc lithim and nickel plays, battery makers, DSTG AITX Hive, Dmg blockchain, various drone companies and so on without a fee. These same tickers come with a charge on TD of about six dollars.
It’s why I opened an E*TRADE account. OTC fees went from 6.95 to 4.95 after trading a certain amount of times. Plus E*TRADE has phone app.
Schwab is free otc trading thats the only reason I am using it.
Imagine if would be a free commission🙏How crazy would get every time a do a trade i start $-13 🥺buy and sell🤬 so it has to be a good amount to make some😢
Great educational video, an thanks for sharing this with me. So a budget sheet. Is what i need to do, so i can figure out the cost of entry. I'm a Etrade user