I use a Fidelity Investments brokerage account for
trading. Often when setting stops I receive a warning message
from Fidelity before they execute the order that says: "Stop orders
placed for OTC securities may be cancelled at any time at the
market maker's discretion."
Is that really true?? If so, what's a trader to do?
Is this their way of discouraging trading??
Richie D - I suggest you call them but it's my belief that this
is simply a disclaimer if the market maker leaves the stock. Market
makers tend to rotate in and out of stocks over time as not to tie
up their trading capital.
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Setting stops - confused
Posted by RichieD on 31st of Mar 2011 at 12:05 pm
Steve, Matt or anyone else:
I use a Fidelity Investments brokerage account for trading. Often when setting stops I receive a warning message from Fidelity before they execute the order that says: "Stop orders placed for OTC securities may be cancelled at any time at the market maker's discretion."
Is that really true?? If so, what's a trader to do? Is this their way of discouraging trading??
fidelity
Posted by hazbin1 on 31st of Mar 2011 at 12:13 pm
Richie, check your inbox
Richie D - I suggest
Posted by steve on 31st of Mar 2011 at 12:10 pm
Richie D - I suggest you call them but it's my belief that this is simply a disclaimer if the market maker leaves the stock. Market makers tend to rotate in and out of stocks over time as not to tie up their trading capital.