Hey. Tim here.
When it comes to brokers, I always say that E-Trade is one that sucks the least for me.
Is that about to change?
E-Trade recently emailed users about new SEC restrictions. In short, they'll remove certain OTC stocks from their platform later this year.
Some of my students are freaking out about it.
After all, OTCs are some of the best stocks for day trading.
But is it really such a bad thing?
And what else should day traders know about E-Trade for handling their trades day in and day out?
I'll never tell you which broker to use … but I can tell you what I look for in the brokers I use.
And in light of the new SEC regulations and how E-Trade will enforce them… Sponsored Content Let us help you create your own stock market strategy…
Get a plan, chat with top traders, enjoy alerts, commentary, regular webinars, and video lessons…
This is what you get inside Tim Sykes' Trading Challenge
I want you to understand something critical.
It's something I've learned from 20+ years of experience in the markets. The sooner you learn this, the better off you'll be.
I get a lot of questions about day trading on E-Trade. Right now, I'm getting even more because of the new SEC regulation.
Here's everything you need to know — what this news means for day traders, plus some of my personal pros and cons about E-Trade day trading.
OTC the big picture,
— Tim P.S. Most every new trader commits one of the "7 deadly trading sins"... and I want to help you figure out which one could be yours. I made a short video to help you find out which it is… and how to correct it.
Your Wednesday Reads Penny Stocks on Robinhood: Why I Don't Trade There Robinhood makes trading seem so easy. With their offers of commission-free trades and 'free' stocks, it's not hard to see why it draws in so many newbies. However, I've got a few serious problems with this platform. Here's why... Find The #1 Account Killing Mistake You're Making RIGHT NOW >> There are 7 deadly trading sins you could be committing… Which one is it? Trading Versus Investing: Hate, Ignorance, and the Truth About Penny Stocks I'm a trader — not an investor. The terms might seem interchangeable, but there's an important difference. It's mainly about my mindset and goals … Here's why I rarely trust the companies behind the stocks I'm trading!
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Wednesday, May 26, 2021
E-Trade OTC news: massacre or meh?
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